Library Budget Reports - 2016 Library Spending Plans
Libraries Achieve Equilibrium between Digital and Print as Budgets Flounder (Academic Libraries Edition)
  

The Academic Libraries Edition is a subset of the larger Benchmark Study and includes survey results from 324 academic library managers and librarians and provides projections and spending trends for 2016.

Key findings from the Academic Libraries Edition include the following:

  • Academic library budgets have been either stagnant or have declined in recent years as institutions seek to redefine and re-orient the roles of their on-campus libraries. Half of all spending now goes to digital materials and services and only one in three content acquisitions is for print material.
  • A majority of academic library managers report that the demand for electronic materials continues to outpace the demand for print by an overwhelming margin and most are re-orienting technology to the cloud.
  • Burdened by shrinking budgets managers are increasingly concerned about their ability to keep and attract the talent needed to move their libraries full throttle into the digital age.