PCG findings were recently cited in an Insights article by Outsell's David Bousfield entitled "Sell a Brick and Buy an eBook – Getting STM Back to Work."
A recent study by the Publishers Communication Group (PCG - a division of Ingenta) gives a well-balanced global view of the financial trends affecting the buy-side of the STM business. Based on a survey on 495 academic, medical, government and corporate libraries located in the Americas, Europe, Asia Pacific and a number of emerging nations, the conclusion is that globally library materials budgets (the bit that gets spent on journals, books and databases) - which account on average for only 33% of the total spent by the host organisation in providing these facilities - will be down by 1.2% in 2010.
Surprisingly, there appears to be little interest in redeploying some of the non-materials part of the budget, such as building and staff costs which account for two thirds of the money being spent on library facilities - a point that came through loud and clear from a previous CIBER survey. Indeed, almost 90% of the respondents felt that use of the library would return to previous levels or even exceed them when the recession ends in a year or so. But business as usual is not an option.
The full Outsell article is available here (members only).