The Global Library Automation Service Market was valued at approximately US$ 1.7 Bn in 2017 and is expected to register a CAGR of 3.3%. The report offers in-depth insights, revenue details, and other vital information regarding the global library automation service market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026.
Library automation service systems are systems used to automate the library functions and process with integration of computer technologies to library functions such as cataloging, information retrieval, circulation, serials control, reference and administration, an order made, bills paid, etc. There are mainly two types of library automation systems commercial systems and open source systems.
The major factors driving the growth of the global market of library automation service systems are an improvement in cataloging systems, easier access and lasting effect, and advancement in technology. It is proving to be the best way to handle the libraries due to its wide applicability in school libraries, public libraries, and other libraries, and driving growth of the global library automation service systems market.
Automated cataloging standards such as machine-readable cataloging (MARC) helps in the quicker cataloging of library items. Automated library cataloging systems lead to the creation of bibliographical information in MARC standard format for most of library activities and services, which helps in creation, storage, retrieval, and management of bibliographic records and indexes.
In addition, Computing technology and mass storage technology are areas of continuous development that reshape the way libraries access, retrieve, manage, store, manipulate, and disseminate information to end users.
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