Transparency, Collaboration and Cost Effectiveness Drive Growth in Open Access, as Subscription-Based Sectors Shrink | Open Science

"According to some accounts, approximately 1 million articles are likely published in Open Access on a yearly basis with an estimated annual growth of 10% in the number of researchers adopting Open Access. This could be facilitated by Open Access mandates and funding, such as from international organizations, as Open Access carves a presence in the global publishing market reportedly worth more than 42 billion USD in 2016 based on data from 11 developed countries and emerging markets alone. In this respect, the significant growth in the Open Access sector was described as taking place on the background of declining market shares of subscription-based journals, such as in the domains of Science, Technology and Medicine (STM)."