Libraries and Archives Market Report 2025

The libraries and archives market size has grown strongly in recent years. It will grow from $83.78 billion in 2024 to $89.01 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to educational and academic demand, cultural preservation, public access to information, government funding and support, community engagement.

The libraries and archives market size is expected to see strong growth in the next few years. It will grow to $109.49 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to digital transformation and e-libraries, community-centric services, lifelong learning initiatives, data management and information governance, increased importance of archives. Major trends in the forecast period include curation of diverse content, community engagement, sustainability practices, preservation of digital assets, user-centric design.

The increasing number of library users is anticipated to drive the growth of the libraries and archives market in the future. Library users encompass individuals seeking to fulfill their informational needs, including students, teachers, scholars, scientists, and business executives. The primary mission of libraries and archives is to collect, organize, preserve, and provide access to information, while also serving users by offering preserved history and, crucially, truth. For instance, a report from the Statistical Office, a government agency in Poland, indicated that by the end of 2022, there were 7,638 public libraries and branches, including 875 dedicated to children and youth, along with 805 service points. These libraries collectively housed 124.4 million volumes, which were borrowed by 5.1 million users. Consequently, the rising number of library users is propelling the growth of the libraries and archives market.

The growth of the education sector is expected to further boost the libraries and archives market. The education sector, encompassing both formal and informal learning processes, has a symbiotic relationship with libraries and archives. The expanding education sector necessitates diverse and technologically advanced resources to support the learning and research activities of students, educators, and researchers. As of July 2023, a report from the University of Technology Sydney indicated significant achievements in the education sector, with high school completion rates in the United States and a noteworthy pass rate in the UK's GCSE exams. Australia also recorded a substantial enrollment of over 3.95 million students in public and private schools in 2021. This growth in the education sector is a driving force behind the expansion of the libraries and archives market.

A prominent trend in the libraries and archives market is the adoption of technological advancements. Major companies in this industry are focusing on developing innovative solutions to enhance their market position. For instance, in January 2023, Choice (American Library Association) launched LibTech Insights, a new content channel dedicated to exploring the impact of library and education technology. This platform includes blog posts, webinars, podcasts, and other content formats, offering practical guidance on utilizing and implementing library technology.

Leading companies in the libraries and archives market are investing in innovations such as library management systems to cater to larger customer bases, increase sales, and boost revenue. A library management system automates and streamlines various operations within a library or information center. In October 2023, RUMC Library in Malaysia introduced KOHA, an intuitive system designed to empower students with efficient access to the core collection and enhance the overall user experience. This system enables seamless actions such as loaning, reserving, and renewing books, contributing to a more convenient process of discovering, borrowing, and managing books.

In April 2024, OCLC, a U.S.-based nonprofit library organization that offers services, research, and community programs to libraries and the library community, acquired cloudLibrary for an undisclosed amount. Through this acquisition, OCLC aims to enhance digital content access for public libraries, support their adaptation to evolving user demands, leverage its technology infrastructure to improve services, and strengthen collaborative networks among libraries globally. cloudLibrary is a U.S.-based digital library that provides access to a wide range of content, including millions of ebooks and audiobooks.

Major companies operating in the libraries and archives market include The 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 Ltd., Innovative Interfaces Inc., SirsiDynix, National Archives and Records Administration, Smithsonian Institution Libraries, Bibliothèque nationale de France, Library and Archives Canada, National Library of China, National Library of Russia, National Library of Spain, National Library of Australia, National Library of Brazil, National Library of India, Harvard University Library, Oxford University Libraries.

North America was the largest region in the libraries and archives market in 2024. The regions covered in the libraries and archives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the libraries and archives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Libraries and archives are institutions dedicated to curating document collections for informative, scholarly, instructional, or recreational purposes. The primary function of libraries is to assemble and provide access to published resources, enabling individuals to stay informed, advance their scholarship, and derive entertainment. In contrast, archives specialize in collecting and facilitating access to unpublished materials.

The key categories within the realm of libraries and archives include libraries themselves. Libraries consist of collections of books and other print or nonprint resources, meticulously maintained and organized for various activities such as reading, consulting, studying, and more. These libraries come in different sizes, ranging from small to medium and large, and can be deployed either on-premise or in the cloud. They cater to both public and commercial applications, serving higher education institutes as well as pre-k and k-12 end users.

The libraries and archives market research report is one of a series of new reports that provides libraries and archives market statistics, including libraries and archives industry global market size, regional shares, competitors with libraries and archives market share, detailed libraries and archives market segments, market trends, and opportunities, and any further data you may need to thrive in the libraries and archives industry. This library and archives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The libraries and archives market includes revenues earned by entities by providing library lending services, information services, archival operations, mobile library operations, and reference services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 3-5 business days.