In 2023, the number of patents in the ICT sector in Australia stood at 333.73. Based on the forecasted data, the sector is expected to see a steady increase in the number of patents from 2024 through 2028. The year-on-year variations indicate a stable growth with the number of patents increasing by approximately 1.48% annually on average, from 338.24 in 2024 to 357.61 in 2028. This steady growth points to a compound annual growth rate (CAGR) of about 1.40% over the forecasted period.
Future trends to watch for:
- Technological advancements and innovation rates
- Government policies and funding in ICT R&D
- Global economic conditions affecting the technology sector
- Collaborations between Australian companies and international entities
