As the scholarly journals market moves towards an Open Access future, new data from Outsell lays out the implications, and highlights revenue pressures and diversification responses from providers looking to reduce reliance on falling journal revenues.
Google Cloud’s Vertex AI developer platform will offer access to third-party data for inclusion in prompts, creating a commercial mechanism for grounding generative AI applications in authoritative content independently from model training.
The Scientific & Technical Information & Solutions segment grew by 3% to $15 billion in 2023, driven by technology and Open Access models despite challenges from Open Access, research integrity, and generative AI. Top players showed strong performance, with opportunities in technology-led solutions.
The global Credit Information segment grew by 4% in 2023, impacted by higher interest rates, and is projected to reach $21 billion by 2026. Growth is faster in APAC and Latin America, with trends in data integration, alternative data use, and financial inclusion driving the market.
The global Company, Contact & Personal Information segment grew by 7% in 2023, impacted by the technology sector recession. Higher growth is expected in 2024 but it will plateau after that. Key trends include the tech segment bounce, managed services, an M&A wave, and stack rationalization.
2023 was a turbulent year for standards publishers, with technological and regulatory changes forcing tactical responses and the creation of defense strategies. Standards publishers adjust to the new reality of powerful market forces challenging their legacy approach to delivering sustainable value.
CUBE’s acquisition of Thomson Reuters’ Regulatory Intelligence businesses marks a pivotal expansion, propelling it to the forefront of the global RegTech market and making it a competitor to watch.
Jason Priem, who is credited with having coined the term “altmetrics“, cofounded the company that has created much of the open science reference infrastructure that researchers use most widely.
The global Legal & Regulatory Solutions segment grew by 6% in 2023, driven by tech and regulatory compliance, with growth projected to $37 billion by 2026. Key trends include AI in legal research, data commoditization, and increased demand for compliance tools. EMEA shows the fastest growth rate.
The global Marketing Research segment grew by 5% in 2023, with ResTech players leading the way through subscription platforms, while full-service providers struggled amidst the big tech recession. M&A is heating up despite economic challenges, driven by demand for real-time data and AI efficiencies.
The global Teaching & Learning Solutions segment grew by 4% in 2023, driven by K-12 funding and technology adoption, despite challenges from AI and higher education concerns. Key players saw divergent growth, with New Oriental leading the charge, and tech continuing to offer growth opportunities.
The B2B Media and Business Information segment grew 14% in 2023, driven by sustained post-COVID events rebound – down from 17% in 2022. However, challenges from big tech’s spending freeze and AI-driven changes to search are reshaping audience acquisition and growth strategies for 2024.
Generative AI vendors are keen to license quality content for model training purposes, especially long-form content that expands their models’ domain knowledge. Content owners can benefit, if they can manage the risks.
Tech companies are cleaning up and building out their AI training corpora, driving demand for training and inference licenses to relevant content. In our AI Licensing Deal Tracker we will track and capture publicized deals as they are announced.