Open Access and Open Data Increase Demand for STM Online Services | national news


Rockville, Md., January 31, 2022 /PRNewswire/ — Whether fueled by a global arms race in research and development, the move toward open research, or mobilization against the coronavirus, the number of research articles and related data produced each year explode. According to one estimate, the published COVID-19 literature from January 2020 at May 2020 reaches over 23,000 articles and doubles every 20 days. The number of scientific articles published in the Directory of Open Access Journals increases by 15% per year.

As this body of content and data grows and is increasingly opened up by mandates from research funders, the value delivered by publishers will flow back to discovery and integration. – this according to the latest report from Simba Information, a leader in media and publishing intelligence. .

The report STM online services 2021-2025 focuses on databases that offer online content or abstracts and indexing and are sold to academic, government and commercial customers. It found that between 2018 and 2021, online service revenue grew at a compound annual rate of 5.1% after competitor exchanges were eliminated – faster than STM journals or books.

Scientific, technical and medical publishers face the disruption of open access and open data, but this transition represents an opportunity in online services, especially for competitors who can develop broader discovery tools and content capabilities. dynamic to retain users.

Many products and services are already considered “must have” information sold in multi-million dollar, multi-year bundles.

The big players will ultimately benefit the most from this new opportunity. They have largely focused on the commitment of authors and researchers, a key point of differentiation and competition between publishers in the market for online STM services.

STM online services 2021-2025 provides detailed information on STM Online Services market, segmented by: Science and Technology Standards, Patents and Online Content, Drug Databases, Clinical Reference, Education and Certification, Reference Management and Analytics Tools, summary and scientific indexing, summary and medical indexing. It analyzes trends impacting the industry and forecasts market growth to 2025. The report includes an in-depth review of 10 leading scientific and technical publishers including American Chemical Society, Clarivate Analytics, Elsevier, IHS Markit , IBM Watson Health, Wolters Kluwerand others.

About Simba Information:

Information about Simba is widely recognized as the authority on business intelligence in the media and publishing industries. Its extensive information network provides top-notch independent insights into the people, events and alliances that shape the industry. Simba regularly assists clients and the press with analysis of the publishing and media industry. follow us on Twitter and LinkedIn.

Please direct all media inquiries to:

Corinne Gangloff

+1.440.842.2400

[email protected]

Show original content to download multimedia:https://www.prnewswire.com/news-releases/open-access-open-data-increase-demand-for-stm-online-services-301471785.html

SOURCESimba Information

Previous Global Industry Growth, Share, Size, Trends and Segmentation Report
Next Why lines of credit are better than payday loans