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Open Access (OA) is an innovative form of scholarly communication in the digital environment. But the process of creating values for author and readers through OA is vague. The study demonstrates OA values among the scholarly community. The finding is based on primary data collected from 214 academic authors for determining perceptions of OA among authors. Besides, secondary data from journal articles, project proposals, research reports, and conference proceedings were reviewed for analyzing OA impact among readers. Results show that OA provide value for authors through improved visibility and citation; while improved access, linking global experts and advancing knowledge for readers.