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Illustration: IKON Images/Adobe Stock The library technology industry is at a critical juncture, driven by uncertainties in funding and disruptions in technology, particularly around artificial intelligence (AI). Business transitions have included changes in executive leadership, acquisitions, and new ownership. Despite these shakeups, most vendors advanced along their development road maps, with some launching new or […]
Illustration: ©Timurock/Adobe Stock The library technology industry showed its maturity in 2024. Businesses have become increasingly stable and robust products delivered rich functionality. But decades of consolidation have created a narrower slate of competitors, resulting in a smaller number of products available for each type and size of library. The marketplace is seeing more specialized […]
Illustration: ©Good Studio/Adobe Stock In recent years, business acquisitions have brought high-stakes changes to the library technology industry, creating seismic shifts in the balance of power. But other events in 2022—primarily advances in open source software—have even bigger implications for the market. Although proprietary products continue to dominate, open source alternatives are becoming increasingly competitive. […]
