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IBM's expenditure on research, development and engineering worldwide 2005-2019

As per the latest company data, in 2019, IBM spent 5.99 billion U.S. dollars on research and development. One of the most prolific research companies in existence, IBM is the company with the most patents granted to them in the United States in 2019. Even though the American company is granted thousands of patents each year, IBM is still challenged to continuously develop innovative products and services in a quickly changing technology industry; much of IBM’s projects in development are related to hybrid cloud solutions, AI, blockchain, and quantum computing.

Innovative attempts to face changing market

However, IBM’s yearly revenue has continued to stagnate, and its software system Watson has so far not provided the expected rebound as predicted. Of its current endeavors, quantum computing seems to be one of the most promising, as many industries hope to apply quantum computing to a range of issues more complex than what traditional computing is capable of handling today. The global quantum computing market is forecast to grow from hundreds of millions U.S. dollars to billions of dollars over the next five to ten years.

IBM's expenditure on research, development and engineering worldwide from 2005 to 2019

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Source

Release date

March 2020

Region

Worldwide

Survey time period

2005 to 2019

Supplementary notes

* Recast to reflect adoption of the FASB guidance on presentation of net periodic pension and non-pension postretirement benefit costs.

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