In 2023, the business enterprise R&D expenditure in the wholesale of information and communication equipment in Canada stood at 1.45 billion Canadian dollars. The forecast from 2024 to 2028 shows a consistent annual increase, with values rising from 1.51 billion CAD in 2024 to 1.75 billion CAD in 2028. This represents a steady year-on-year growth of approximately 3.97% on average. Over this five-year period, the compound annual growth rate (CAGR) is projected at roughly 3.89%, indicating a healthy upward trend in investment and innovation within this sector.
Future trends to watch for include:
- Impact of technological advancements on R&D intensity in the sector.
- Potential policy changes that could influence R&D funding.
- Shifts in global supply chains that may affect investment priorities.
- Increased competition and its impact on product development strategies.
