Rising Need for Digitalization and Government Investments to Drive the Museum Management Software Market

Sun, 03 May 2020 9:51

The museum management software— a step towards digitalization —assists in increasing the efficiency, quality, and consistency of the services provided by museums. Its ability to create a digital platform where the museum collection can be presented and purchased online has helped in increasing the revenue. The diversified benefits of museum management software drive market growth.

The current economic downfall of countries has affected the market to a certain extent. Increasing government investments need for security, and efficient data management is providing impetus to the market growth. However, poor network connectivity, the dearth of skilled labor, the threat of cyber breaching, and the effect of COVID-19 on tourism are restraining the market growth.

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Key Highlights

  • Rising need for complete management drives the museum management software market
  • Digitization has enabled the easy presentation of antiques and increased overall sales
  • Increasing investments and initiatives by governments for museum development drive the market.
  • The Department for Digital, Culture, Media, and Sport, announces to invest about USD 62.03 million per year for the next five years for the maintenance and development of museums in the U.K.
  • The government of the U.S. is also providing several National and regional grants to help the development of museums.
  • The web-based services segment currently leads the market.
  • Europe dominates the museum management software market due to the presence of several noteworthy museums and rising tourist activities.
  • North America is the fastest-growing region for the museum management software due to increasing investments by the government.

Key Players

  • PastPerfect (the U.S.)
  • Skin Soft (France)
  • Museum Space (Bulgaria)
  • CollectionSpace (the U.S.)
  • Lucidea (Canada)
  • Vernon Systems (New Zealand)
  • Versai, Modes (the U.K.)
  • Zetcom (Switzerland)
  • Collection Harbor

Museum Management Software Market Segmentation

By Component

  • Solution
    • Collection management
    • Contact management
    • Event registration management
    • Ticketing solution
    • Membership management
  • Services
    • Consulting services
    • Training services

By Deployment

  • Cloud-based
  • Web-based

By End-user

  • Museum and institutions
  • Fine art and crafts
  • Historical
  • Legal services

By Region

  • North America
  • Asia-Pacific
  • Europe
  • South America
  • The Middle East and Africa

" Crucial Insights The Report Provides:"

* Known and Unknown Adjacencies Influencing the Growth of Market

* Explorable Revenue Sources

* Customer Behaviour Analysis

* Target Partners

* Customized Geographical Data Based on Customers as well as Competitors

* Analysis of Market Size and CAGR between the Forecast Periods

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