Global Libraries And Archives Market Report 2023: Forecast Market Size, Growth Rate And Key Drivers
11 Jul, 2023
The global libraries and archives market size is expected to grow from $73.68 billion in 2022 to $77.91 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global libraries and archives market size is expected to reach $93.69 billion in 2027 at a CAGR of 4.7%.
Global Libraries And Archives Market Key Driver
The growing number of library users is predicted to drive the future growth of the libraries and archives market. People who utilise the library to satisfy their informational needs are referred to as library users. Students, instructors, intellectuals, scientists, and business executives are among those who use it. The basic objective of libraries and archives is to gather, organise, safeguard, and make available information to library users, as well as to be useful to users by preserving history and, more importantly, truth.
Get a sample of the global libraries and archives market reportGlobal Libraries And Archives Market Segments
The global libraries and archives market is segmented:
1) By Type: Libraries, Archives
2) By Size: Small, Medium, Large
3) By Deployment: On-Premise, Cloud-Based
4) By Application: Public, Commercial
5) By End-User: Higher Education Institutes, Pre-K, K-12
6) By Geography: The regions covered in the libraries and archives market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, North America accounts for the largest share in the global libraries and archives market.
Major Libraries And Archives Industry Players
Library of Congress, New York Public Library, National Archives of Australia, German National Library, British Library, Bodleian Library, Vatican Apostolic Library, Library of Saint Mark, Boston Public Library, Thomas Fisher Rare Book Library, Seattle Central Library, Abbey Library of Saint Gall, Austrian National Library, National Library of Sweden, Library of the Benedictine Monastery, Royal Danish Library, Civica Group, Innovative Interfaces, SirsiDynix
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Libraries And Archives Market Overview
Libraries and archives refer to maintaining document collections for informative, scholarly, instructional, or recreational purposes. Libraries gather and make available published resources so that people can stay informed, advance scholarship, and find amusement, and the archives gather and make unpublished materials accessible.
Libraries And Archives Global Market Report 2023 provides data on the global libraries and archives market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The libraries and archives market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.