Business expenditure on R&D in software publishing in the US has generally declined over the past decade, with values decreasing consistently from 2013 to 2023. As of 2023, the expenditure stood at 6.72 units, evidencing a continued downward trend. The year-on-year variation has shown a consistent decrease, particularly noticeable with significant drops in 2018 and 2015. The compound annual growth rate (CAGR) reflects an average annual decline of approximately 1.7% over the last five years.
Moving forward, the forecasted data predicts a continued decrease in R&D expenditure, with future values projected to reduce by 11.66% by 2028, averaging an annual decline rate (CAGR) of 2.45% over the next five years.
Future trends to watch for:
- Emerging technologies and their potential influence on boosting R&D investment.
- The impact of economic conditions on funding and prioritizing R&D activities.
- Potential policy changes or incentives aimed at increasing R&D expenditure in the software publishing sector.
