In 2023, Canada leads the R&D expenditure in data processing, hosting, and related activities with a significant growth of 12.5% year-on-year, indicating a strong upward trend. Italy and Poland also show notable increases of 5.81% and 7.79% respectively. In contrast, Taiwan and Japan experienced declines, with Taiwan decreasing by 2.39% and Japan by 0.14%. Over the last five years, Canada has maintained a strong growth pattern, which is crucial in a competitive global market. Other countries like Romania and Slovakia have shown remarkable annual growth rates, suggesting emerging investment opportunities.
Future trends to watch include:
- Increasing digital transformation and cloud adoption across diverse sectors which could drive R&D investments.
- Potential for expansion in Eastern European countries given recent substantial growth rates.
- A focus on AI and machine learning R&D could spur additional expenditure worldwide.
Top countries in Business Enterprise R&D Expenditure in Data Processing, Hosting and Related Activities; Web Portals by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 678.34 | 2023 | +6.87% | +12.5% | View data |
| 2 | 2 Italy | 175.13 | 2023 | +2.57% | +5.81% | View data |
| 3 | 3 Germany | 137.2 | 2023 | +0.5% | +1.52% | View data |
| 4 | 4 South Korea | 124.61 | 2023 | +3.68% | +1.58% | View data |
| 5 | 5 Japan | 109.07 | 2023 | +27.05% | -0.14% | View data |
| 6 | 6 Spain | 106.88 | 2023 | +3.93% | +4.03% | View data |
| 7 | 7 Czech Republic | 96.32 | 2023 | +0.31% | +3.52% | View data |
| 8 | 8 Poland | 96.21 | 2023 | +9.05% | +7.79% | View data |
| 9 | 9 Portugal | 94.07 | 2021 | View data | ||
| 10 | 10 Taiwan | 47.01 | 2023 | -0.38% | -2.39% | View data |
