Library Journal
[April 1, 2008]
Automation marketplace 2008: Opportunity Out of Turmoil
Breeding, Marshall.
Copyright (c) 2008 Reed Business Information,
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The dramatic shifts that redefined the industry in 2006 precipitated turmoil in 2007, which made companies that avoided major business transitions more attractive and sparked explosive interest in open source alternatives. Some companies held a steady course and benefited from the fallout. The consolidated entities formed by recent acquisitions stand as formidable competitors in their respective market sectors, wielding vast resources to retain—or even strengthen—their industry positions. Sales of new integrated library system (ILS) products dipped 15%, offset by increased procurements of replacement interfaces and tools for managing electronic content and creating digital collections. The overall library automation economy held even with aggregate revenues at $570 million. A majority of companies increased their workforce in 2007. |
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