-19%
Decline in R&D allocated to product offerings
25%
Difference in software R&D allocation between high and low performers
0.04%
Growth in global R&D spending
2018
Healthcare passes Computing and Electronics in R&D spending
Software-as-a-Catalyst
Most of the world’s major innovators are in the midst of the same transformational journey.
They are moving into a new world in which R&D is shifting more and more to developing the software that enables and enhances the performance of their products, and on developing services they can sell along with the products, which provide customers with additional features and improved usability.
Global key findings
- Product Offerings
- Software and Performance
- Global Innovation 1000
- Healthcare
Average allocation of R&D budgets to product offerings will decline by 19% from 46% in 2010 to 37% by 2020.
Companies allocating 25% or more of their R&D budgets to software offerings report that their revenues are growing faster than those of key competitors that are allocating a smaller portion.
Worldwide R&D spending among the world’s 1000 largest corporate R&D spenders increased 0.04 percent in 2016 to $680 billion.
By 2018, Healthcare will pass Computing and Electronics to become the largest overall industry by R&D spending.
Explore the top spenders and innovators
- The Top 20 R&D Spenders and
10 Most Innovative Companies - Top 20 R&D Spenders 2005–2016
- Comparison of R&D spending
by regions and industries
