Libraries are crucial part of teaching and learning in educational institutions. The emergence of technology and its incorporation into libraries have improved learning through a well strategized information management model. This has relegated series of antiquated routine practices of the traditional or conventional library. The innovative approaches to information resource utilization introduced by technology have significantly promulgated the relevance of libraries to education. This has also diversified the learning pattern of students and faculty and the management of scholarships within institutions of learning. The crux of this discourse revolves around answering questions like; how has globalization impacted library services? Can globalization mar or improve libraries? Has it changed the learning configuration and reading perspective of students with regards to patronizing the library as a vital information hub or knowledge repository? Since libraries (mostly academic, public and special) have become reference centers for learning, teaching, research and development processes, the contributions of technology and globalization in traditional libraries is reviewed. It proficiently looked at the current integration of modern technology into the library and how it has facilitated optimum learning experience in universities. The challenges that accompanied its emergence of technology and the extended learning services were discussed.