An updated report by Strait Research has determiend that the Global Museum Management Software Market is booming worldwide and is expected to grow at a CAGR of ~8.5% during the period of 2022 to 2030.
Some of the key factors that will be driving the marketing include: rising tourism and government initiatives, rising need for digitization in institutions, fine art and crafts, historical, and legal services.
Considering the importance of digitalization, research shows that the web-based segment is projected to take the largest market share with the bonus capability of customization per the client’s needs. The ability to prioritize user experience for potential clients is huge considering the technical and digital knowledge gap that may be present depending on the size and topic of each particular museum.
Europe is expected to hold the highest market share in the Museum Management Software Market for the foreseeable future, backed by global investments and government support in terms of museum development and management. Recently the Department for Digital, Culture, Media, and Sport invested about USD 62.03 million every year for the next five years for the maintenance and development of museums in the U.K. – this is one example of what opportunities are coming.
North America is the fastest-growing region for museum management software, containing approximately 21,000 museums of art, history, science, and military and war, which drives the demand for museum management software.
This is such an exciting time for the industry and with what our product team at zetcom continues, we look forward to contributing to the success of the industry overall.