ROCKAWAY, N.J., March 5, 2019 /PRNewswire/ -- Global research and development spending is forecast to grow by 3.6% in 2019 to a total of $2.3 trillion in purchasing parity values for the more than 110 countries that have significant R&D investments of over more than $100 million, according to the 2019 Global R&D Funding Forecast, the annual study published by R&D Magazine, a publication of Advantage Business Marketing. As in previous years, the growth in global R&D investments is being driven by spending in Asian countries, in particular China, which exceeds $500 billion in spending accounting for a 22% global share in investments.
The 2019 Global R&D Funding Forecast reports in-depth on key topics that reflect the annual growth and changes in research and development worldwide. Among the data collected are the sources of R&D funding including grants, licensing, crowd sourcing and internal company resources. The report also contains data on the distribution of R&D investments and information on the key factors that are important for R&D, including sustainability, improving efficiencies, building an innovative culture, and attracting and retaining R&D staff, among other factors.
R&D Magazine releases this Global R&D Funding Forecast each year based on proprietary reader survey and in-depth reporting. Executive highlights of this much-quoted report were presented exclusively at the fourth annual R&D 100 Conference held in November 2018 in conjunction with the R&D 100 Awards gala. Created every year since R&D Magazine's founding in January 1959, it provides reliable data on global R&D trends, along with summaries on industrial sector trends, academic research and specific technology regions, as well as detailed spending plans by U.S. government agencies. The 2018 annual report was recognized with a Folio Ozzie Award for Editorial Excellence in Editorial Use of Data.
According to this year's study, the global trend in R&D spending continues to grow worldwide with a 3.6% increase, reflecting a surge to $240 billion in the Information & Technology sector. China continues to increase its global share of R&D spending with an increase of $33.7 billion, as other countries lose share in the R&D pie. The United States will increase its R&D spending by $15.3 billion in 2019 over 2018, and some of the ramifications of this increased activity is reflected in the concerns about finding and retaining professional staff as detailed in this report.
To access the full report, visit: http://bit.ly/2Hdxo3C.
SOURCE Advantage Business Marketing