Turning the page: Industry organisations are increasingly embracing digital technologies

Libraries and archives collect, preserve and provide public access to various forms of digital and physical media, such as books, journals and newspapers. The Libraries and Archives industry is primarily funded by governments based on the public good it provides, with most industry services provided to users free of charge. Government funding accounts for more than 90% of industry revenue. As a result, trends in federal, state and local government funding strongly influence the industry's performance. The remaining share of industry revenue is typically derived from fees and late charges, along with private funding and donations.Industry revenue is expected to grow at an annualised 1.5% over the five years through 2018-19, to $1.5 billion...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
1.5%
Forecast Growth 19-24
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Profit
x.x%lock
Employment
11,005
Businesses
120
Market Share of Companies

Industry Threats & Opportunities

  • Libraries are anticipated to continue incorporating greater volumes of electronic materials
  • Overall library activity has increased, driven by growth in online libraries and archives
  • Improving cost efficiency will become increasingly important for industry operators

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    Industry Report - Industry Key Buyers Chapter

    The Libraries and Archives industry has a low market share concentration, with the four largest players accounting for less than 20% of industry revenue. However, industry concentration has increased over the past five years, as smaller players have been consolidated into larger public, national and state libraries. Despite industry concentration increasing, the mature nature of the industry and no indication of significant shifts in the distribution of library or archive funding mean that market share concentration is expected to remain low over the next five years...purchase to read more.

    Additional Insights for the Libraries and Archives Industry

    IBISWorld has determined the most important Key Success Factors for the Libraries and Archives are:

  • Ability to attract local support/patronage
  • Ability to quickly adopt new technology
  • Ability to take advantage of government subsidies and other grants

    • IBISWorld analysts also discuss how external factors such as Government funding for heritage and arts and Population in the Libraries and Archives industry impact industry performance..

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    What's in this report

    Industry Products

    What is the Libraries and Archives Industry?

    Libraries and archives collect and maintain various types of media, such as books, journals, newspapers and music. Industry establishments display many of these materials for public access and preserve collections for the historical record. All or part of industry collections may be accessible online.

    Industry Products
  • National and state public libraries
  • Local government libraries
  • National and state archives
    • Industry Activities
  • Archival operation
  • Film archive operation
  • Lending library operation
  • Library operation (except motion picture stock footage and distribution)
  • Mobile library operation
  • Motion picture film archive operation
  • Music archive operation
  • Reference library operation
    • Table of Contents

    About this Industry

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources

    Industry at a Glance

    Industry Statistics Snapshot
    Industry Structure
    Executive Summary

    Industry Performance

    Executive Summary
    Key External Drivers
  • Government funding for heritage and arts
  • Population
  • Internet subscribers
  • Secondary school retention rate

    • Current Performance
  • Digital and community engagement
  • Employment and costs
  • Industry structure and profitability
  • Chart: Revenue Growth

    • Industry Outlook
  • Technology change and employment
  • Catalogue costs
  • Table: Libraries and Archives Industry Revenue Outlook

    • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Libraries and Archives Industry Lifecycle vs The Economy

    • Products & Markets

    Supply Chains
    Key Buying Industries
  • Public Administration and Safety
  • Consumers

    • Key Selling Industries
  • Book and Magazine Wholesaling
  • Computer and Electronic Equipment Repair
  • Data Storage Services
  • Internet Publishing and Broadcasting
  • Newsagents and Book Retailers

    • Products & Services
  • Local government libraries
  • National and state public libraries
  • National and state archives
  • Chart: Libraries and Archives Industry Products and Services Segmentation

    • Demand Determinants
    Major Markets
  • Visitors aged 25 to 54
  • Visitors aged 55 and over
  • Visitors aged 15 to 24
  • Chart: Major Market Segmentation for the Libraries and Archives Industry

    • International Trade
    Business Locations
    Chart: Business Locations by State

    Competitive Landscape

    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Libraries and Archives

    • Basis of Competition
  • Internal competition
  • External competition

    • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Libraries and Archives Industry

    • Industry Globalization

    Major Companies

    Library Council of New South Wales, National Archives of Australia,
  • Table: Library Council of New South Wales - financial performance
  • Table: National Archives of Australia - financial performance

    • Operating Conditions

    Capital Intensity
  • Chart: Level of Capital Intensity for the Libraries and Archives Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

    • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

    • Regulation & Policy
    Industry Assistance

    Key Statistics

    Table: Industry Data for the Libraries and Archives Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

    • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data

    Jargon & Glossary

    Archives
  • Libraries that cannot be accessed by the general public, but act as a storehouse for documents of special significance.
    • Municipal Libraries
  • Libraries that are funded by state and local governments and service a specific geographic region.
    • Periodicals
  • Any printed material (including newspapers and magazines) that are issued on a date-specific timeline.
    • What Our Customers Say
    Why buy this report?

    IBISWorld’s Libraries and Archives market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Libraries and Archives:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Libraries and Archives market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Libraries and Archives, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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