|Weekly News Digest
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Outsell Issues Forecast Report on Libraries
Libraries are successfully changing their models to stayabreast of the new information world paradigm, according to Outsell’s "2008Library Market Size, Share & Forecast Report," which analyzes the globalmarket for information spending in all types of libraries. Outsell, Inc.(www.outsellinc.com) forecasts a 3.1% compound annual growth rate for contentspending from 2007–2010, from $22.5 billion to $24.7 billion.
The report includes deep, rich data examining the global market for content among government, public, academic, school, corporate, and other special libraries. Among reported trends and findings are the following:
Outsell is a research and advisory firm focused on the publishing, information, and education industries. Companies that would like to purchase the report should go to http://outsellinc.com/store/products/719?refid=pr719.
- 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% in 2004 to 11% in 2007.
- Self-publishing and syndication technologies are facilitating the rise of user-generated and institutionally generated content that, in many cases, displaces commercially published content. Libraries of all types are creating original content for their users.
- Today’s digital age is reflected in where libraries are putting their dollars. Most content spending (21%) is going toward scientific and technical content. That’s followed by educational information (11%), news (11%), and legal/tax/regulatory (10%). The remainder is distributed among such information types as HR, marketing and IT research, and credit and other business information.
Source: Outsell, Inc.
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