The forecast for business enterprise R&D expenditure in the wholesale of information and communication equipment sector in Canada shows a gradual increase from 2024 to 2028. In 2023, the expenditure stood at $1.08 billion USD (PPP = 2015). The year-on-year variations are positive, indicating a consistent growth trajectory: 2024 experiences an increase of 2.78%, 2025 with 3.60%, 2026 with 4.35%, 2027 with 3.34%, and 2028 with 4.03%. Over the five-year period, the CAGR stands at approximately 3.62%, denoting modest and steady growth.
Future trends to watch for include advancements in information and communication technologies, changes in governmental R&D policies, and market responses to emerging technologies and innovations. Keep an eye on the integration of AI and machine learning within this sector, which could lead to an accelerated increase in R&D investments.
