The key to success in any field is dynamic management and this principle holds true for libraries whose functions today have dramatically changed. In the modern age with information explosion and growth in the range of services being offered by libraries, library management is vital in providing service. This study highlights some crucial and vital issue of new trends of library management in present day context. The main contents are - Introduction; Digital Libraries; E-book and Libraries; Modern System of Cataloguing; Trends of E-Books; Library Management Service; Role of Desktop Publishing in Modern Library Management; Security of Digital Libraries and Use of Networking & CD-ROM.