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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 | Jul 2014

Page turner: Stronger government funding will help the industry grow steadily

IBISWorld’s Libraries & Archives market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$15bn
Annual Growth 09-14
-1.2%
Annual Growth 14-19
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Profit
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Employment
165,342
Businesses
10,861
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 10 years to 2019. In comparison, US GDP is forecast to expand an average 2.5% per year. As a result, this industry's contribution to the economy declining over the period, which typically suggests that an industry is in decline. However, the industry's decline in recent years is mostly due to falling funding during the recession. 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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