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Press Release: EBSCO Information Services [October 5, 2020]

EBSCO Information Services releases Serials Price Projection Report for 2021

Ipswich, MA -- October 5, 2020. The 2021 Serials Price Projection Report from EBSCO Information Services (EBSCO) is now available. The report projects that the overall effective publisher price increases for academic and academic medical libraries are expected to be (before any currency impact) in the range of two to three percent for individual titles and one to three percent for e-journal packages.

EBSCO releases the Serials Price Projections based on surveys of a wide range of publishers and reviews of historical serials pricing data to assist information professionals as they make budgeting decisions for the renewals season.

The Serials Price Projection Report looks at market dynamics highlighting many topics and trends that impact the scholarly information marketplace, including library budget challenges, e-journal packages, Open Access (OA), and the impact of pricing due to the COVID-19 pandemic.

This year presents new budget challenges as librarians are now preparing for another wave of cuts prompted by the economic contraction tied to the COVID-19 global pandemic. Librarians are increasingly being forced to consider even more fundamental changes to their purchasing and operating strategies given accelerating funding pressures and are implementing a variety of tactics to bridge the declining budget. As e-journal packages continue to have the most significant impact on the disposition of libraries' budgets, they are the natural target to downsize or cancel. Though the COVID-19 pandemic increased the need and desire for Open Research and Open Access, the economic fallout from the pandemic is making progress difficult and slow.

Although the serial price forecasts are based upon careful analysis, EBSCO recommends caution when using these projections, as they rely on historical trends and current estimates. EBSCO will update the projection information if economic conditions warrant it.

About EBSCO Information Services

EBSCO Information Services (EBSCO) is the leading discovery service provider for libraries worldwide with more than 11,000 discovery customers in over 100 countries. EBSCO Discovery Service (EDS) provides each institution with a comprehensive, single search box for its entire collection, offering unparalleled relevance ranking quality and extensive customization. EBSCO is also the preeminent provider of online research content for libraries, including hundreds of research databases, historical archives, and clinical decisions tools serving millions of end users at tens of thousands of institutions. EBSCO is the leading provider of electronic journals & books for libraries, with subscription management for more than 385,000 serials, including more than 170,000 e-journals, as well as online access to more than 1,500,000 e-books. For more information, visit the EBSCO website at: www.ebsco.com. EBSCO Information Services is a division of EBSCO Industries, Inc., a family owned company since 1944.


Summary: The 2021 Serials Price Projection Report from EBSCO Information Services is now available. The report projects that the overall effective publisher price increases for academic and academic medical libraries are expected to be (before any currency impact) in the range of two to three percent for individual titles and one to three percent for e-journal packages. This year presents new budget challenges as librarians are now preparing for another wave of cuts prompted by the economic contraction tied to the COVID-19 global pandemic. Librarians are increasingly being forced to consider even more fundamental changes to their purchasing and operating strategies given accelerating funding pressures and are implementing a variety of tactics to bridge the declining budget. As e-journal packages continue to have the most significant impact on the disposition of libraries' budgets, they are the natural target to downsize or cancel. Though the COVID-19 pandemic increased the need and desire for Open Research and Open Access, the economic fallout from the pandemic is making progress difficult and slow.
Publication Year:2020
Type of Material:Press Release
LanguageEnglish
Date Issued:October 5, 2020
Publisher:EBSCO Information Services
Company:
Company: EBSCO Information Services
Permalink: https://librarytechnology.org/pr/25571

LTG Bibliography Record number: 25571. Created: 2020-10-05 07:17:53; Last Modified: 2020-10-05 07:18:01.