In 2024, Italy leads European business expenditure on R&D in Media and Entertainment with 211.84 million euros, followed by Portugal and Belgium. The sector saw notable increases in Poland, with a 19.2% rise year-on-year, whereas Finland and the Czech Republic reported declines of 4.62% and 7.96% respectively in 2023. Croatia and Hungary remain on the lower end of R&D investment, indicating potential areas for growth. Over the past five years, the compounded annual growth rate suggests a varied pace of investment across the region.
Future trends to watch include a potential rebound in markets like Finland and efforts in underperforming regions, as digital transformation continues to accelerate innovation demands in Media and Entertainment across Europe.
Top countries in Business Expenditure on R&D in Media and Entertainment by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 211.84 | 2023 | +4.73% | +1.48% | View data |
| 2 | 2 Portugal | 93.84 | 2023 | +3.4% | +3.03% | View data |
| 3 | 3 Belgium | 90.55 | 2023 | +10.37% | +2.88% | View data |
| 4 | 4 Spain | 77.36 | 2021 | View data | ||
| 5 | 5 Poland | 58.93 | 2023 | +9.8% | +19.2% | View data |
| 6 | 6 Finland | 29.84 | 2023 | +2.12% | -4.62% | View data |
| 7 | 7 Croatia | 5.78 | 2023 | +30.22% | View data | |
| 8 | 8 Czech Republic | 0.74 | 2023 | -4.04% | -7.96% | View data |
| 9 | 9 Hungary | 0.38 | 2021 | View data | ||
| 10 | 10 Malta | 0.012 | 2021 | 0% | -41.82% | View data |
