DUBLIN, March 4, 2020 /PRNewswire/ -- The "The US Library Expenditure Market: Size, Trends and Forecasts (2020-2024)" report has been added to ResearchAndMarkets.com's offering.

The US library expenditure market has increased at a significant CAGR during the years 2015-2019 and projections are made that the market would rise in the next four years i.e. 2020-2024, tremendously.

The library expenditure market is expected to increase due to an increasing number of academic libraries, rising higher education enrollment, growing higher education research & development (R&D) expenditures, soaring urban population, increasing spending on automation in the library, etc. Yet the market faces some challenges such as budget constraints, availability of open-source software, etc.

The US library expenditure market is highly fragmented with many market players operating in the region. Further, key players of the library expenditure market are Clarivate Analytics PLC, RELX Group (Elsevier), Alphabet Inc. (Google), Cambridge Information Group (ProQuest LLC) are also profiled with their financial information and respective business strategies.

Report Scope

This report provides an in-depth analysis of the US library expenditure market by value, by component, etc. The report also provides a detailed analysis of the US materials library expenditure market by value, by category, etc.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the US library expenditure market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Key Topics Covered

1. Executive Summary

2. Introduction2.1 Library: An Overview2.1.1 Importance of Library2.2 Library Expenditure: An Overview2.2.1 Factors that Affect the library Expenditure2.2.2 Sources of Library Funding2.2.3 List of Colleges & Universities with Library Expenditures2.3 Library Expenditure Segmentation: An Overview2.3.1 Library Expenditure Segmentation by Component

3. The US Market Analysis3.1 The US Library Expenditure Market: An Analysis 3.1.1 The US Library Expenditure Market by Value3.1.2 The US Library Expenditure Market by Component (Materials and Other Expenses)3.2 The US Library Expenditure Market: Component Analysis 3.2.1 The US Materials Library Expenditure Market by Value 3.2.2 The US Materials Library Expenditure Market by Category (Ongoing Subscriptions, One-Time Materials and Other Materials)3.2.3 The US Ongoing Subscriptions Library Expenditure Market by Value3.2.4 The US One-Time Materials Library Expenditure Market by Value3.2.5 The US Other Materials Library Expenditure Market by Value3.2.6 The US Other Expenses Library Expenditure Market by Value

4. Market Dynamics4.1 Growth Drivers4.1.1 Increasing Number of Academic Libraries4.1.2 Rising Higher Education Enrollment4.1.3 Growing Higher Education Research & Development (R&D) Expenditures4.1.4 Soaring Urban Population4.1.5 Increasing Spending on Automation in Library4.2 Challenges4.2.1 Budget Constraint4.2.2 Availability of Open Source Software4.3 Market Trends4.3.1 Rising Libraries' Budget on Digital Materials4.3.2 Escalating Expenditure of Libraries on Virtual Reality

5. Competitive Landscape5.1 The US Library Expenditure Market Players by Product Comparison5.2 The US Library Expenditure Players by Market Share Among Top 500 US Universities

6. Company Profiles(Business & Financial Overview, Business Strategy)6.1 Clarivate Analytics PLC6.2 RELX Group (Elsevier)6.3 Alphabet Inc. (Google)6.4 Cambridge Information Group (ProQuest LLC)

For more information about this report visit https://www.researchandmarkets.com/r/ah9j0m

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United States Library Expenditure Market Outlook to 2024 - Increasing Spending on Automation in Libraries Drives Market Growth - PRNewswire