Outsell Inc.'s Forecast on Libraries' Market Size

Apr 04, 2008

Outsell has released "2008 Library Market Size, Share & Forecast Report," a report that analyzes the global market for information spending in all types of libraries, from traditional physical libraries to centralized information centers and content management functions. Outsell forecasts a 3.1 percent compound annual growth rate for content spending from 2007-2010, from $22.5 billion to $24.7 billion. The report includes data examining the global market for content among government, public, academic, school, corporate, and other special libraries. Among reported trends and findings: While overall library investments are increasing, the proportional share devoted to almost all content segments is shrinking. The one exception is education/training allocations, which have increased from 4 percent in 2004 to 11 percent in 2007.