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From the STM Association

From the STM Association

January 2022

Ensuring Quality in Scholarly Publications

From the STM Association:

STM Solutions today announced that it has started the development of a powerful new platform to detect integrity issues in manuscripts submitted for publication to scholarly journals. Read the announcement:

— STM (@STMAssoc) December 8, 2021

The STM Association has long documented and supported the on-going contributions of scholarly publishers. In case you missed this notification in October:

Published today! The latest edition of the STM Report – STM Global Brief 2021 – Economics and market size – provides an update on the size and shape of scholarly publishing

Read the report at:

— STM (@STMAssoc) October 19, 2021

The report is an excellent source for sizing the scholarly publishing marketplace. From the Executive Summary:

  • According to Outsell, Inc., the global scholarly publishing market continued to grow steadily in 2018, increasing from a value of $27 billion to $28 billion in 2019. In 2020, the year of the global pandemic, the global STM market contracted to $26.5 billion.1 Outsell, Inc. forecast that the global market will regain its pre-pandemic (2019) value of $28 billion by 2023.2.
  • Open Access publishing is growing much faster than the underlying market with revenues projected to increase at 11.5% and output at 12.5% (compound annual growth rates) from 2019-2022.
  • Over the last twenty years, university budgets in the USA have almost doubled in real-terms while the proportion spent on libraries has almost halved. There are signs that the pandemic has further strained higher education budgets as well as library and research funding globally. It has also driven academic institutions to deliver courses and materials online, resulting in lowered sales for print publications.