Categories: Market Research

Global Libraries And Archives Market Size and Forecast 2024-2033|The Library of Congress, New York Public Library, National Archives of Australia, German National Library, British Library

The Libraries And Archives by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Libraries And Archives, The libraries and archives market size has grown steadily in recent years. It will grow from $76.99 billion in 2023 to $80.58 billion in 2024 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to educational and academic demand, cultural preservation, public access to information, government funding and support, community engagement.

The libraries and archives market size is expected to see steady growth in the next few years. It will grow to $96.91 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to digital transformation and e-libraries, community-centric services, lifelong learning initiatives, data management and information governance, increased importance of archives.. Major trends in the forecast period include curation of diverse content, community engagement, sustainability practices, preservation of digital assets, user-centric design.

The growing number of library users is expected to propel the growth of the libraries and archives market going forward. Library users refer to people who use the material to satisfy their informational demands. These users include students, teachers, scholars, scientists, and business executives. The primary goal of libraries and archives is to collect, organize, safeguard, and make information available to library users and to be helpful to users by providing preserved history and, more importantly, truth. For instance, in March 2022, according to a report shared by National and State Libraries Australasia (NSLA), an Australia-based peak body representing state and territory libraries, in 2020-21, around 9 million people had library memberships, which was 35 percent of Australia’s population. Furthermore, about 144.8 million people used public library collections overall in the years 2020–21. Therefore, the growing number of library users is driving the growth of the libraries and archives market.

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The libraries and archives market covered in this report is segmented –

1) By Type: Libraries, Archives

2) By Deployment: On-Premise, Cloud-Based

3) By Size: Small, Medium, Large

4) By Application: Public, Commercial

5) By End-User: Higher Education Institutes, Pre-K, K-12

Technological development is a key trend gaining popularity in the libraries and archives market. Major companies operating in libraries and archives are focused on developing innovative solutions to strengthen their position in the market. For instance, in January 2023, Choice (American Library Association), a US-based publishing unit of the association of college and research libraries, launched its LibTech Insights which is a new library technology content channel. LibTech Insights is a content vertical that examines the day-to-day impact of library and education technology on academic librarians, faculty, researchers, administrators, and students. The LibTech Insights features include blog posts, webinars, podcasts, and other content formats. Additionally, it provides pragmatic instruction and guidance around using and implementing library technology.

The libraries and archives market report table of contents includes:

1. Executive Summary

2. Libraries And Archives Market Characteristics

3. Libraries And Archives Market Trends And Strategies

4. Libraries And Archives Market – Macro Economic Scenario

5. Global Libraries And Archives Market Size and Growth

26. South America Libraries And Archives Market

27. Brazil Libraries And Archives Market

28. Middle East Libraries And Archives Market

29. Africa Libraries And Archives Market

30. Libraries And Archives Market Competitive Landscape And Company Profiles

Top Major Players: