Copyright (c) 2019 American Library Association
The library technology field continues to see modest growth overall, though that growth is unevenly distributed among companies. Large companies with expanding portfolios of products and services are giving new shape to the landscape. Despite the dominance of a few globally diverse and large companies, midsized and small companies continue to hold their own and in some cases thrive. Massive companies such as Follett, ProQuest/Ex Libris, and EBSCO represent formidable competition for any challenger in their markets. SirsiDynix and Innovative Interfaces continue to retain and attract diverse libraries to their evolving integrated library system (ILS)–centric product portfolios.
It's a complex industry, with different business and technology trends running simultaneously, often along divergent paths. Economic prospects are low risk, with adequate room for new business opportunities. It is an industry of established companies and few start-ups. It resists new entrants or even the advancement of local or regional companies to the global sphere. The global market for library companies must be seen in the context of client saturation. Almost all libraries that fall within the ranks of eligible customers have at least some level of automation infrastructure in place. In such a zero-sum economy, the success of one company comes at the direct expense of another.
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|Type of Material:||Article|
|Issue:||May 1, 2019|
|Publisher:||American Library Association|
Library Systems Report|
|Place of Publication:||Chicago, IL|
|Last Update:||2019-08-01 16:45:24|
|Date Created:||2019-08-01 16:09:43|