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Libraries & Archives in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Libraries & Archives Market Research Report | Advisory & Financial Services | Investment Research & Platforms | Mar 2016

Page turner: As federal funding for the arts declines, so will industry revenue

The Libraries & Archives market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
0.0%
Annual Growth 16-21
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Profit
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Employment
163,111
Businesses
10,561
Industry Analysis & Industry Trends

Declining government support over the past five years can be entirely attributed to the recession. Rising unemployment and falling disposable income resulted in declining tax revenue for state and local governments, which necessitated budget cuts. Since many public libraries serve as the only source of free computers and wireless internet in their community, according to the American Library Association, funding is anticipated to rise as the economy recovers and tax revenue increases. Rising disposable income levels will also bolster consumer donations to libraries.... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Libraries and Archives industry is in the mature stage of its life cycle. Industry value added, which measures an industry's contribution to the overall economy, is projected to grow at an annualized rate of 0.1% over the ten years to 2021. In comparison, US GDP is forecast to expand an average 2.3% per year. The industry's contribution to the economy has fallen over the period, which typically suggests that an industry is in decline. However, much of this decline is due to low funding levels during the slow economic recovery. Overall, libraries enjoy stable long-term demand from consumers and steady government support, which indicates a mature industry.

Industry products and services are well segmented and stable... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Libraries & Archives Industry?

Industry establishments provide library or archiving services, maintaining collections of documents for informational, research, educational or recreational needs. Libraries store historical documents, photographs, maps, audio material and audiovisual material, and make them accessible to the public. This industry includes both public and private libraries, but excludes university libraries, corporate libraries and establishments that do not primarily provide library services.

Industry Products
In-house book and database accessBorrowing servicesAccess to computers and digital databasesArchival institution services
 
Industry Activities
Operate general archivesOperate circulating and lending librariesOperate film archivesOperate reference librariesOperate music archives


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