South Korea leads Global Business Enterprise R&D expenditure in the media sector with a significant $4.25 billion. Notably, Germany and Spain show strong growth, increasing their contributions by 29.63% and 14.9% respectively in 2023. Meanwhile, Japan has heavily reduced its spending, with a significant decrease of 17.95% in 2023. Overall, European countries like Norway and Romania exhibit steady year-on-year growth, while countries like Italy and Iceland show minimal increases or decreases. Lithuanian investment is minimal, with marginal growth despite low absolute values in 2023.
Looking ahead, the landscape for R&D spending in the media sector is expected to evolve with increased digitization and streaming service focus. Technological innovations, particularly in AI and virtual reality, could drive shifts in R&D funding allocation. Emerging economies might increase their investment levels to keep pace with global technological advancements and consumer trends. Additionally, policy decisions on content creation and distribution could impact future expenditure patterns.
Top countries in Business Enterprise R&D Expenditure in Publishing, Motion Picture, Video and Television Programme Production, Sound Recording, Programming and Broadcasting Activities by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 4,250 | 2023 | +10.69% | +11.83% | View data |
| 2 | 2 Norway | 375.95 | 2023 | +4.16% | +6.09% | View data |
| 3 | 3 Romania | 248.2 | 2023 | +10.17% | +4.31% | View data |
| 4 | 4 Germany | 172.7 | 2023 | +20.84% | +29.63% | View data |
| 5 | 5 Czech Republic | 157.47 | 2023 | +17.76% | +19.87% | View data |
| 6 | 6 Taiwan | 129.66 | 2023 | +4.91% | +4.5% | View data |
| 7 | 7 Spain | 120.46 | 2023 | +9.35% | +14.9% | View data |
| 8 | 8 New Zealand | 79.26 | 2023 | +2.84% | View data | |
| 9 | 9 Hungary | 77.65 | 2023 | +5.33% | +7.25% | View data |
| 10 | 10 Italy | 62.96 | 2023 | +4.26% | +3.71% | View data |
