Technavio's latest report on the global library management system (LMS) for the education marketprovides an analysis of the most important trends expected to impact the market outlook from 2017-2021. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
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Technavio has published a new report on the global LMS for education market from 2017-2021. (Graphic: Business Wire)
Educational libraries comprise different data sources such as journals, e-books, records, magazines, and other publications. In addition to managing these content resources, as a part of the library management task, there are several other resource planning activities that are prompting educational institutions to switch to automated LMS.
Jhansi Mary, a lead analyst from Technavio, specializing in research on education technology sector, says, "The availability and advances in technologies, such as Java, Net, ASP, SQL, and web services, and the existence of the cloud platform enable the software to function effectively. This is facilitating the increased implementation of LMS in educational institutions. As a result, the fragmented market is attracting several vendors that can differentiate themselves from others in terms of product features, user capacity, and cloud deployment models."
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The top three emerging trends driving the global LMS for the education marketaccording to Technavio research analysts are:
- Blockchain technology for library management
- Implication of library intelligence and analytics
- Emergence of next-generation integrated library system
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Blockchain technology for library management
The technology enables distributed library resource management activities. Library books and other resources can be borrowed, reserved, and can be requested from any participant library using modernized procedures. By leveraging this technology, users will be able to lend and exchange library books with other registered patrons without having to visit the library.
"The LMS software should be compatible with the blockchain layer to work seamlessly in combination with the existing system. This facilitates a decentralized lending system across libraries, which allows a person X from library A to exchange or borrow a book from person Y of library B without having to know their individual identities of who they are," according to Jhansi.
Implication of library intelligence and analytics
Analyzing library operations and obtaining insights are also gaining prominence. Library activity recordings and monitoring of library processes, borrowings, user credentials, cataloging, and fulfillment help the library management to gain insights and make decisions to improve the effectiveness of library.
The changing needs of borrowers can also be tracked and acted upon instantly. This is to be in line with their demands and preferences. It also facilitates better user engagement by rendering interactive online experience, service marketing, and providing access to the digital library and their traditional resources.
Emergence of next-generation integrated library system
An integrated LMS offers several consolidated patron services. These services include rendering secured access by authenticating and streamlining resource discovery with flexible configurations, which facilitates coordination among libraries, patrons, and other library partners.
The integrated library system (ILS) follow an agile development methodology, which considers user inputs and streamlines delivery model that is student-centric. The library solution can also be customized by an organization or individual institution.
The key vendors are as follows:
- Ex Libris
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