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Industry Landscape
The information services and archival industry is evolving rapidly, driven by digital transformation and the increasing volume of information. Institutions are focusing on digital preservation, enhanced online accessibility, and user engagement, moving beyond physical collections to leverage technology for broader outreach and educational initiatives. Funding and sustainability remain key challenges.
Total Assets Under Management (AUM)
Number of Libraries in United States
~Approximately 116,867 (public, academic, school, and special libraries in the US as of 2020-2021) (American Library Association)
(0.5% (estimated) CAGR)
- Public libraries: Relatively stable, slight decline in some rural areas.
- Academic libraries: Stable, adapting to digital resources.
- School libraries: Dependent on local funding and school budgets.
Total Addressable Market
Over 50 billion
Market Growth Stage
Pace of Market Growth
Emerging Technologies
Artificial Intelligence (AI) and Machine Learning (ML)
AI/ML can automate cataloging, enhance search capabilities, personalize user experiences, and facilitate the analysis of vast unstructured data within collections.
Blockchain for Digital Rights Management
Blockchain offers immutable records for intellectual property, improving copyright tracking, licensing, and provenance for digital assets in archival collections.
Extended Reality (XR) - VR/AR
XR technologies can create immersive virtual exhibitions, offer interactive educational experiences, and allow remote 'visits' to physical collections and spaces.
Impactful Policy Frameworks
American Innovation and Choice Online Act (Proposed, 2022)
This proposed bipartisan bill aims to prevent dominant online platforms from unfairly preferencing their own products and services over those of rivals.
While not directly targeting libraries, it could influence how the Library of Congress distributes its digital content and uses third-party platforms, potentially impacting online accessibility and partnerships.
Digital Millennium Copyright Act (DMCA, 1998) - Section 1201 Exemptions (Ongoing Review)
The DMCA prohibits circumventing technological measures that control access to copyrighted works. Section 1201 includes triennial review for exemptions.
Ongoing exemptions are crucial for libraries to perform essential preservation, accessibility, and educational functions, directly affecting the Library of Congress's ability to digitize and provide access to certain materials.
National Defense Authorization Act for Fiscal Year 2023 (NDAA, 2023) - AI and Cybersecurity Provisions
The NDAA includes provisions related to artificial intelligence development, cybersecurity, and data security standards for federal agencies.
This impacts the Library of Congress by mandating adherence to enhanced cybersecurity protocols and responsible AI development, crucial for protecting its vast digital collections and user data.
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