The forecasted business enterprise R&D expenditure in Canada's information and communication sector shows a steady increase from 2024 to 2028, with values rising from 7.96 billion USD PPP in 2024 to 9.42 billion USD PPP in 2028. The year-on-year growth rates indicate a consistent upward trend, highlighting robust investment in this sector. The compound annual growth rate (CAGR) over these five years also underscores sustained growth. In 2023, this expenditure was notably lower, marking an upward trajectory in subsequent years.
Future trends to watch for include the impact of emerging technologies on R&D priorities, potential shifts in government policies affecting R&D investments, and the increasing influence of global competition on innovation strategies within Canada.
