In 2023, Business Enterprise R&D Expenditure in the US Professional, Scientific, Technical, Administrative, and Support Services sector was at 57.72 billion USD. The forecast for 2024 through 2028 shows a steady increase in R&D spending, growing from 62.25 billion USD in 2024 to 84.38 billion USD by 2028. The year-on-year growth rates are projected to consistently remain above 8%. The overall Compound Annual Growth Rate (CAGR) for the period from 2023 to 2028 is thus projected at around 8.75%. This indicates a robust upward trend in investment within this sector.

Future trends to watch for include:

Increased emphasis on digital transformation and technology-driven innovation, which may drive further investment in R&D.
Government policies and incentives in support of R&D activities, potentially influencing future expenditure levels.
Shifts in global economic conditions and technological advancements that may impact budget allocations for R&D in this sector.