In 2023, the business enterprise expenditure on R&D performed in services in Japan was approximately 16.53 billion US dollars PPP. The forecast shows a steady increase in expenditure from 2024 onwards, with values reaching 18.06 billion US dollars by 2028. This growth corresponds to a compound annual growth rate (CAGR) of about 1.73% over the five-year period from 2024 to 2028. Year-on-year variations are relatively stable, reflecting consistent investment in R&D services.
Key trends to watch include the impact of digital transformation and government policies promoting innovation. The service sector's increasing focus on technology-driven solutions could lead to shifts in R&D priorities, potentially accelerating the growth rate beyond current forecasts.
