What is Collections Management Software Market?
The collection management software helps museums, art galleries, and other industries by providing a large collection of art objects or antiquities. This software enables these businesses to digitize their records, made much easier to search for other information in a major manner. The rapid development in museums and the increasing number of art galleries are driving the demand for collection management software. Collections management software may be used by curators, conservators, archivists, researchers, and administrators to perform their daily tasks that help maintain the entire collection of an institution.
Highlights from Collections Management Software Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | CollectionSpace (United States), Lucidea (Canada), PastPerfect (United States), Gallery Systems Inc. (United States), ArtBinder (United States), Artlogic (United States), Axiell (Sweden), Micromusée (France) and Modes Complete (United Kingdom) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Collections Management Software market throughout the forecasted period.
CollectionSpace (United States), Lucidea (Canada), PastPerfect (United States), Gallery Systems Inc. (United States), ArtBinder (United States), Artlogic (United States), Axiell (Sweden), Micromusée (France) and Modes Complete (United Kingdom) are some of the key players profiled in the study. Collections Management Software Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Cataloging, Location Tracking, Exhibition Planning and Others |
Deployment Type | Cloud-Based,Web-Based |
Platform | Android,IOS,Windows |
End-User | Organizations,Personal Collectors,Museum |
On the basis of geography, the market of Collections Management Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Artificial Intelligence in Collection Management
Market Growth Drivers:
Increasing Adoption of CRM-based Solutions and Rising Adoption as it helps in Cash Forecasting and Reduces Financing Cost
Challenges:
Availabitily of Other Substitute Softwares
Opportunities:
Growing demand from Museum and Personal Collectors
Key Target Audience
Providers of Collections Management Software, End-Users, Potential Investors, Market Research Firms and Others
Market Leaders & Development Strategies
In Sep 2020, Axiell announced the acquisition of CultureConnect to create digital experiences that will enhance customer engagement onsite and online. With the integration of engagement software that advances the technology landscape across various industries.
In Mar 2021, Lucidea an innovative leader in heritage institution collection management software announced their participation in DAM Asia-Pacific Conference. Through this, the company will learn about advanced capabilities and growth strategies.