Global research and development spending is forecast to grow by 3.6 percent 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.
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.
“As it has in years past, The 2019 Global R&D Funding Forecast will serve as an extremely valuable tool for those looking to develop actionable goals and R&D strategies to further their organizations,” said Bea Riemschneider, Vice President Content & Events, Innovation and Editorial Director for R&D Magazine. “The exclusive information in this report will serve as a tremendous resource for researchers, economists, R&D professionals and industry leaders worldwide as they look to their futures.”
The annual report is a significant indicator of up-and-coming trends and provides key insights and unduplicated information that examines the specific challenges for 2019—including potential winners and losers in R&D and the potential short- and long-term consequences of these investments. Readers will also learn about R&D in the United States within the federal and academic environments as well, which are increasingly growing partnerships and alliances among all parties. 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.
According to this year's study, the global trend in R&D spending continues to grow worldwide, reflecting a surge to $240 billion in the Information & Technology sector. 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 percent global share in investments.
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.
The Global R&D Funding Forecast is created based on proprietary reader surveys, current technology and economic reports and in-depth reporting. Created every year since R&D Magazine's founding in January 1959, the report 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.
To access the full report, visit: http://bit.ly/2Hdxo3