In 2023, business enterprise R&D expenditure in the wholesale of information and communication equipment in Canada was estimated at 1.17 billion USD PPP. From 2024, forecasts predict a steady growth in expenditure, reaching 1.41 billion USD PPP by 2028. The year-on-year growth rates suggest a consistent increase with an average annual growth rate (CAGR) of approximately 3.7% over the five-year period.

Key trends and future considerations include:

The adoption of emerging technologies and innovations, increasing demand for R&D investment.
Potential impacts of global economic shifts and technology policy changes.
Collaboration opportunities between Canadian enterprises and international partners to enhance R&D capabilities.