MCP-1560: LIBRARY AUTOMATION SYSTEMS AND SERVICES – A NORTH AMERICA STRATEGIC BUSINESS REPORT

North American Library Automation Systems and Services Market to Reach $764 Million by 2010, According to New Report by Global Industry Analysts, Inc.

Upgradation of conventional libraries, and rapid transition in technological requirements of modern libraries are prime factors forecasted to aid the North American market to reach $764 million by the year 2010. In sync with market requirements, library system vendors are on their toes innovating and developing state-of-the-art products to stay competitive in the library automation space.

San Jose, California (PRWEB), April 23, 2008 -- Given the present challenging business climate in the marketplace, companies are increasingly looking beyond the primary library automation system and focusing on other products and systems to sustain continuous inflow of revenues. System vendors are developing a range of novel products that offer cutting-edge library automation solutions, in addition to integrating new advanced functionalities in their existing product lines. Some of the additional features offered by the vendors include - metasearch, electronic resource management, link resolvers, digital repositories, RFID, reference linking systems, enhanced web-based OPACS, and digital asset management systems. Companies are developing content, either in electronic or printed form, and creating and incorporating a wide range of novel technologies for providing state-of-the-art automation solutions for their customers. New generation of integrated library systems being developed and introduced in the library automation services and systems market are coming integrated with revolutionary reporting functionalities. Vendors are providing a range of standardized pre-designed reports to enhance reporting capabilities of libraries. Latest systems also incorporate business intelligence tools that significantly optimize a library’s analysis.

In the future, current library environment comprising of core ILS and add-on products are likely to progressively evolve into a closely-knit set of automation products offering both basic as well as advanced electronic resource management functionalities. This shift would be essentially in line with the larger trend towards consolidating related product tools in integrated suites, as seen in most other industrial sectors. Rapid growth in web services in recent times indicates towards gradual development of a framework for supporting improved integration. This bodes well for the evolution of new technologies that allow better integration of ILS and non-ILS products in near future. System maintenance services market is forecasted to grow at a CAGR of 7.07% over the years 2011 through 2015, as stated by Global Industry Analysts, Inc. Non-integrated library systems market is projected to reach $84.46 million by the year 2012.

Key players dominating the industry include - Auto-Graphics Inc., Book Systems Inc., Brodart Co Automation Div, CASPR Library Systems Inc., COMPanion Corporation, CyberTools Inc., Eloquent Systems Inc., Ex Libris Group, Electronic Online Systems (EOS) International Inc., Follett Software Company, Infor Library and Information Solutions, Inmagic Inc., Innovative Interfaces Inc., Insignia Software, ISACSOFT Inc., Keystone Systems Inc., LibLime, Mandarin Library Automation Inc., Open Text Corporation, New Generation Technologies Inc., Polaris Library Systems, SirsiDynix, Softlink America Inc., Surpass Software, The Library Corporation, SydneyPLUS International Library Systems Corporation, and Visionary Technology In Library Solutions Inc., among others.

The report titled “Library Automation Systems and Services: A North America Strategic Business Report” published by Global Industry Analysts, Inc., provides a comprehensive review of competitive scenario, product, regulatory environment, major library automation standards, product introductions/developments, and recent industry activity. The study also analyzes market data and analytics in value sales the North American region by the following product segments - Integrated Library Systems, Non-Integrated Library Systems, and System Maintenance Services.

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