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Libraries & Archives in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 23, 2024
Length 81 Pages
SKU # IBSS19342910

Description

Libraries & Archives in the US - Industry Market Research Report


Libraries & Archives in the US

Libraries have a long and storied history, dating back thousands of years to the legendary Library of Alexandria. Even in today's digital age, they act as key public institutions that provide free access to costly information and resources, contributing significantly to community development and literacy. Since library benefits are distributed as externalities across the community, funding for libraries primarily comes from local government sources, such as property taxes. However, budgets are often under pressure due to shifting priorities. Libraries have sought alternative funding sources like grants, donations, and partnerships with private entities. Even with diverse funding, libraries almost always struggle to meet all their financial goals. Over the past five years, industry revenue growth has been stagnant and is expected to total $2.8 billion, with inflation burning any excess profit down to 3.3% and revenue falling 0.2% in the most recent twelve months

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 Libraries store historical documents, photographs, maps, audio material and audiovisual material, and make them accessible to the public.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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."

Table of Contents

81 Pages
ABOUT THIS INDUSTRY

Industry Definition
Main Activities
Similar Industries
Additional Resources

INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

PRODUCTS & MARKETS

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

COMPETITIVE LANDSCAPE

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization

MAJOR COMPANIES

OPERATING CONDITIONS

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

KEY STATISTICS

Industry Data
Annual Change
Key Ratios

JARGON & GLOSSARY

Pricing

Currency Rates
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