Libraries & Archives Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 12/10/2018
SIC Codes: 8231
NAICS Codes: 51912
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Libraries & Archives Industry Profile

Organizations in this industry provide library or archive services, maintaining collections of print and electronic documents (such as books, journals, newspapers, and music) and facilitating their use for informational, research, educational, or recreational purposes. Major libraries and archives include the Library of Congress, the National Archives, and the New York Public Library, all based in the US, as well as the British Library, Library Archives Canada, and the Russian State Library.

The world is home to about 320,000 public libraries, according to the Bill and Melinda Gates Foundation. About 75% of libraries are located in developing and transitioning countries. China has the most public libraries in the world, followed by Russia, India, Ukraine, and the US, according to OCLC.

The US has about 115,000 libraries of various types, including about 9,000 public library systems composed of about 17,000 individual main libraries and branches, according to the American Library Association. US public libraries had revenue of about $12.8 billion in fiscal 2016, according to the IMLS.

COMPETITIVE LANDSCAPE

Demand is driven by population. The success of libraries and archives depends on efficient operations and consistent funding. Large organizations may benefit from economies of scale in purchasing and administration. Small organizations can succeed by specializing or by serving an engaged community.

Libraries and archives compete with other nonprofit organizations for public and private funding and with other personal and professional obligations for volunteers. Libraries compete with ...

 
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