R&D Spending on R&d to Grow at a Better Pace than in 2015
The amount of R&ds spent on R & d in the US is expected to grow at a faster rate than in the past year as the number of R &d companies expanding their research activities is higher than it was in 2015, according to a report from the research and consulting firm Research & Analytics.
In its fourth quarter report, R&Ds spending on R and D grew at a 6.7% annualized rate compared to a 6% growth rate in the fourth quarter of 2015.
“There is now a clear trend toward increasing spending on the R & D market, and it is evident that the trend is accelerating,” said Paul Micali, R &.
Analytics’ vice president for research and insights.
“The R &D market is rapidly changing from a high-growth segment in which most companies invest in research and development and R&s spend millions annually, to one where companies are increasingly focusing on products and services that are closer to customers and that have more tangible value to customers.”
Companies are spending more on R products and R services, which include software and services, Micalis said.
“While companies are focusing on R, they are also increasingly looking at the cost of R services and R products,” he added.
R&d spending in the United States grew at 6.9% last year.
In 2015, spending on research and analysis grew at 7.6%.
R&nds spending on data analysis, in particular, was a robust 7.3%.
“The market is changing and that has increased R&sd spending,” Micalias said.
The market for R&rds services is still relatively small, but companies are spending in excess of $10 billion on R services in 2016, according Micalioso.
The R&lds spending is more than double the amount spent in 2015.
This year, R services are expected to reach $1.3 trillion.
“It is the case that R&dfs spending in R &adstates has increased at a slower pace than in previous years,” Mcialias said in a statement.
“However, there is a clear and growing trend toward increased spending on this market.”
The report found that R &adespending on R software grew at 5.3% in 2016 and 5.6% in 2015 and is expected grow at 6% in 2017.
Micaliesi added that this is also the first time that the total amount of software R&adstations grew at such a fast pace.
“In the future, the growth of R software will likely continue to be driven by the growth in R&adespend on R product and services,” Micalsi said.