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June 2001 No.37  

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Eduventures.com releases report on e-Libraries
 
 
Eduventures.com have released a new report, Contenders for the Crown: Six E-Libraries and their Business Models, which examines the rapidly growing e-library industry. According to Eduventures.com, the e-library market will grow from its current USD250 million market size to USD850 million annually by 2004. E-libraries are poised to become an important component of the e-learning industry, particularly in the higher education market.
A major impetus for the e-library industry's growth is its acceptance by publishers and other content providers. Virtually every major publisher including Pearson, McGraw Hill, and Houghton Mifflin has signed agreements to distribute works via e-libraries
 
The six leading e-library firms profiled in the report are Questia, XanEdu, ebrary, Britannica.com, Jones e-global Library, and NetLibrary. Within the next year, e-library businesses will seek to prove the merits of their business models by gaining market acceptance. However, "The long-term success factors for e-libraries will be content, channels to end users, and connection to curriculum," said Eduventures.com Director and Senior Analyst E. Yegin Chen.
 
Eduventures.com, an independent market research firm, is a leading provider of research, news, advisory services, and networking opportunities for education industry professionals. Eduventures.com provides its clients with the intelligence necessary to develop and execute winning business strategies in the pre-K-12, postsecondary, corporate training, and consumer markets. Additional information can be found at www.eduventures.com.
 

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