In 2023, the number of patents in the ICT sector in Canada stood at approximately 1.05 thousand. The forecasted data shows a consistent year-on-year growth in patent numbers, with a projected rise to 1.15 thousand by 2028. This growth reflects a steady increase, with an annual growth rate of about 1.87% from 2024 to 2028, indicating a CAGR of 1.87% over the five-year period.
Future trends to watch for:
- Technological advancements that could accelerate patent filings.
- Policies and incentives from the Canadian government promoting innovation and R&D.
- Increased collaboration between academia and industry players to drive ICT innovation.
