Scientific and Technical Publication Trends and Forecast
The future of the global scientific and technical publication market looks promising with opportunities in academic institution, research organization, and corporate markets. The global scientific and technical publication market is expected to reach an estimated $12.5 billion by 2030 with a CAGR of 1.5% from 2024 to 2030. The major drivers for this market are the rising acceptance of digital publications over time, increased efforts to provide open access to scientific & technical publications, and a significantly expanded publication sector.
• Lucintel forecasts that, within the product category, the journal will remain the largest segment over the forecast period due to growing demand for scholarly content.
• Within the end use category, academic institution will remain the largest segment.
• In terms of region, APAC is expected to witness the highest growth over the forecast period due to growing number of partnerships and collaborations in research and increasing focus on open access publishing.
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Emerging Trends in the Scientific and Technical Publication Market
Emerging trends in the scientific and technical publication market: There are now numerous key trends that are reshaping academic publishing in a transforming landscape of the scientific and technical publication market. These are primarily driven by advancing technology and changes in expectations from the research community.
• Rapid Developments: Rapid developments in open-access publishing ensure wider dissemination of research outcomes without the heavy burden of subscriptions. This is an ever-increasing trend, leading to greater cooperation and openness in scientific communication as the researcher freely shares his work to a global audience.
• Data Sharing and Transparency: Data sharing and transparency is of the greatest demand in published research articles. Authors are obliged to share datasets related to publication on many journalsÄX%$%X request to reproduce the study and to motivate other scientists to make work build on that.
• Digital Collaboration Tools: Digital collaboration platforms are changing the face of researcher collaboration. Examples include Overleaf and Mendeley, with real-time co-authoring of manuscripts that allow authors from remote locations to easily add to manuscripts.
• Increased Focus on Research: the reach and influence of published work. Progression continues to push the authorÄX%$%Xs focus: How will my research be perceived in terms of societal impact and engagement
All these are significantly transforming the Scientific and Technical Publication market, accessibility, efficiency, and collaboration within the research community.
Recent Developments in the Scientific and Technical Publication Market
Latest trends in the scientific and technical publication market: Emerging key developments in the scientific and technical publication market, due to a drive by technology innovation and changing standards of publication.
• Transition towards Open Access Models: The global open access movement is remodeling the scenario of publication in many parts of the globe, where a majority of journals are now adopting the policies of facilitating unrestricted access to their research articles through open publishing for wider coverage and readership.
• Advancement in Digital Publishing Technologies: Technological advancements in digital publishing technologies are enriching the experience of readers and making it more interactive and engaging. In todayÄX%$%Xs world, such experiences are needed even more.
• Growing Focus on Integrity in Researching: Ever-growing research integrity issues will wake up publishersÄX%$%X attention to involving more rigorous peer reviews with much higher ethical standards for published works.
• Emerging Preprint Servers: The development of preprint servers transforms the way research output is disseminated because now research findings are published before formal peer review. This accelerates scientific communication and advances the science communication cycle.
• International Cooperations in Publishing: Augmented international co-operations among publishers, universities, and research institutes enhance the quality and scope of academic publications, hence research outcomes become more integrated.
These improvements are revolutionizing the scientific and technical publication market, developing transparency, co-operation, and efficiency in the research dissemination.
Strategic Growth Opportunities for Scientific and Technical Publication Market
Strategic growth opportunities in the scientific and technical publication market: Growth opportunities in the scientific and technical publication market result from technology or research-related changes.
• Open Access Journals: Open Access Journals have grown in terms of accepting open access models which provide a great opportunity for newly entering journals in this market to seize the increasing trend for free access to research.
• Integrations of AI tools into the article writing and submission process would improve manuscript review and data analysis, thus accelerating the cycles of publication and enhancing the quality of research outputs.
• Growing Demand for Data Management Services: With more critical sharing of data, the need for services to help researchers manage and share their datasets is on the rise.
• Focusing training and support to authors. This may help authors be more ready for the various happenings in publication, and which in turn will increase the quality of submissions as well as acceptance rates. Thus, giving room for growth to the publishers
These opportunities for growth are nudge the way that the market for scientific and technical publication is leaning, innovating and improving the general quality of academic publishing.
Scientific and Technical Publication Market Driver and Challenges
Major drivers and challenges in the scientific and technical publication market. The scientific and technical publication market is influenced by many technological, economic, and regulatory drivers and challenges.
The factors responsible for driving the scientific and technical publication market include:
1. Technological Development: Constant publishing technology innovations smooth out processes and enhance access to research, thus providing a better publication experience for authors and readers.
2. Growing Demand of Open Acess Publications: There is a growing demand for open access publications that is pushing institutions and researchers to seek alternatives from traditional models of publishing, thus expanding the market.
3. Emerging Economies: Growing research output from emerging economies not just developed economies but also it is driving the demand for publication services, hence expansion in the market.
4. Increasing Transparency Research: There is a growing interest in transparency in research, where most institutions and journals opt for open data, ethical practices, which translate to much confidence in the published work.
Challenges in the scientific and technical publication market are:
1. Sustained Funds: The funds cannot be sustained that easily as an open access journal, mainly because the funding models and cost recovery have been challenges for publishers.
3. Increased Competition: The proliferation of journals and the growth of online publication sites and the uptrend in open access journal sites have increased the competition, and now new entrants can no longer easily find a market.
These drivers and challenges together shape the scientific and technical publication market. This market is influenced by both opportunities for growth and limitations to successful penetration into the market.
List of Scientific and Technical Publication Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies scientific and technical publication companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the scientific and technical publication companies profiled in this report include-
• ACTA Press
• Canadian Science Publishing
• Elsevier
• Informa
• John Wiley & Sons
• Springer Science+Business Media
• Wolters Kluwer
Scientific and Technical Publication by Segment
The study includes a forecast for the global scientific and technical publication by product, end use, and region.
Scientific and Technical Publication Market by Product [Analysis by Value from 2018 to 2030]:
• Books
• Journals
• E-Books
• Online Services
Scientific and Technical Publication Market by End Use [Analysis by Value from 2018 to 2030]:
• Academic Institutions
• Research Organizations
• Corporate
Scientific and Technical Publication Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Scientific and Technical Publication Market
The scientific and technical publication market is rapidly changing, factored by technological developments, changes in research funding, and changes in publication practice around the world. The U.S. is already being transformed toward an "open access" system; it now requires to publish widely distributed research in digital format. China is the rapidly growing producer of research and highly embraces digital platforms. Germany emphasizes compliance with open science mandates, while India focuses on enhancing its research visibility. Japan is integrating AI and machine learning into publication processes, which again reflects a trend towards innovation in scholarly communications.
• United States: The U.S. is a country in significant transition toward open access publishing: there, many funding agencies implement policies that require research funded by taxpayers to be free and made available to the public, so the number of open access journals and platforms in the landscape has multiplied, disrupting the traditional model of publication and research visibility end.
• China: China still holds the top position in terms of research output, taking large leaps forward in digital platforms and infrastructures supporting scholarly communication. Research policy efforts, at least in the greater part, have focused on quality publishing initiatives that facilitate institutional collaboration and enhance the international visibility of Chinese outputs.
• Germany. The country readies the move to respond to the open science principles that connote full openness and access to publications on research. Recent efforts in Germany at this policy aim involve streamlining a more open publishing process along with increasing availability of research activity data in compliance with the provisions of open-access strategies in the EU-wide context.
• India: In India, the trend is shifting toward digitizing the output and increasing their availability and access through digital platforms. Researchers from India, therefore, are now more often publishing in the ranks of recognized journals under such topics, thereby increasing IndiaÄX%$%Xs presence in academic circles.
• Japan: This nation is using AI and ML to make the publishing process more efficient and error-free. This tends to help better manage manuscripts, as well as improve peer review processes, and make Japan a forerunner at successfully integrating technology into the process of an academic publication.
Features of the Global Scientific and Technical Publication Market
Market Size Estimates: Scientific and technical publication market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Scientific and technical publication market size by product, end use, and region in terms of value ($B).
Regional Analysis: Scientific and technical publication market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different products, end uses, and regions for the scientific and technical publication market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the scientific and technical publication market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the scientific and technical publication market size?
Answer: The global scientific and technical publication market is expected to reach an estimated $12.5 billion by 2030.
Q2. What is the growth forecast for scientific and technical publication market?
Answer: The global scientific and technical publication market is expected to grow with a CAGR of 1.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the scientific and technical publication market?
Answer: The major drivers for this market are rising acceptance of digital publications over time, increase in efforts to provide open access to scientific & technical publications, and significantly expanding publication sector.
Q4. What are the major segments for scientific and technical publication market?
Answer: The future of the scientific and technical publication market looks promising with opportunities in the academic institution, research organization, and corporate markets.
Q5. Who are the key scientific and technical publication market companies?
Answer: Some of the key scientific and technical publication companies are as follows:
• ACTA Press
• Canadian Science Publishing
• Elsevier
• Informa
• John Wiley & Sons
• Springer Science+Business Media
• Wolters Kluwer
Q6. Which scientific and technical publication market segment will be the largest in future?
Answer: Lucintel forecasts that journal will remain the largest segment over the forecast period due to growing demand for scholarly content.
Q7. In scientific and technical publication market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period due to growing number of partnerships and collaborations in research and increasing focus on open access publishing.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the scientific and technical publication market by product (books, journals, e-books, and online services), end use (academic institutions, research organizations, and corporate), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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