EBSCO Information Services (EBSCO) has released the 2019 Serials Price Projection Report. The report projects that the overall effective publisher price increases for academic and academic medical libraries are expected to be in the range of five to six percent (before currency impact). EBSCO releases the Serials Price Projection Report based on surveys of a wide range of publishers and reviews 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 that impact the scholarly information marketplace, including library budget challenges, government mandates, political climates, collection assessment and evaluation tools, Open Access (OA), publisher consolidation, publisher business models, increased publisher competition for content and organised piracy.
The 2019 serials marketplace continues to see steady, annual publisher price increases, with no indicators this will change. Library budget growth remains a top concern, generally lagging behind annual inflation in journal pricing in spite of the annual price increase caps applied to many e-journal packages.
According to key economic indicators, the US economy is doing well with steady growth, low unemployment and little inflation. Though overall budgets in the US academic library market show modest improvements, the budget for serials materials generally have not kept pace with annual journal price inflation. Outside the US, instances of continued library budget contraction continue.
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.
The 2019 Serials Price Projection Report in its entirety and the Five-Year Journal Price Increase History is available at https://journals.ebsco.com/products-services/explore-content.
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