In 2023, Canada led R&D expenditure in data processing, hosting, and related activities at USD 792.96 million, exhibiting a strong year-on-year growth of 14.35%. Italy, Germany, and Spain followed with significant expenditures, with Italy showing a notable 9.91% growth. The Czech Republic, Poland, and Japan also maintained positive but modest growth, while Taiwan experienced a decline. Noteworthy growth was observed in Slovakia (48.8%) and Romania (43.6%), indicating emerging investment trends in these nations.
Future trends to watch include continuous growth in North America and Europe, driven by digital transformation initiatives and increasing competition in technology sectors. Additionally, emerging markets, demonstrated by the growth in Slovakia and Romania, are likely to play a more prominent role in R&D expenditure, potentially reshaping the global landscape in this industry. Sustainability and AI advancements could also drive investments across countries.
Top countries in Business Enterprise R&D Expenditure in Data Processing, Hosting and Related Activities; Web Portals by Country
| # | 10 Countries | Million US Dollars PPP | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 792.96 | 2023 | +6.28% | +14.35% | View data |
| 2 | 2 Italy | 193.2 | 2023 | +5.78% | +9.91% | View data |
| 3 | 3 Germany | 152.5 | 2023 | +0.7% | +1.52% | View data |
| 4 | 4 Spain | 134.79 | 2023 | +4.69% | +7.25% | View data |
| 5 | 5 Japan | 110.54 | 2023 | +27.67% | +0.19% | View data |
| 6 | 6 Czech Republic | 109.4 | 2023 | +1% | +4.21% | View data |
| 7 | 7 Portugal | 107.36 | 2021 | View data | ||
| 8 | 8 Poland | 105.7 | 2023 | +9.25% | +8.96% | View data |
| 9 | 9 Taiwan | 48.47 | 2023 | -0.22% | -1.92% | View data |
| 10 | 10 Norway | 31.75 | 2023 | +2.5% | +4.28% | View data |
