In 2023, business enterprise R&D expenditure in Information and Communication in the US was estimated at $192.05 billion. From 2024, projections show growth with expenditures reaching $271.32 billion by 2028. The year-on-year growth rates from 2024 to 2028 suggest a steady increase, peaking with a compound annual growth rate (CAGR) of approximately 7% over these five forecasted years.

Future trends to watch for include:

Increased investment in emerging technologies such as AI and quantum computing, potentially driving higher R&D spend.
Strategic shifts towards more sustainable and green tech innovations, influencing R&D allocations.
Potential impacts of geopolitical factors and economic conditions on R&D funding and prioritization.