San Jose Business Daily

What do ICT companies spend on new product development?

Does anyone know what ICT (Information Communication Technology) companies typically spend on new product development / R&D / product renewal. I would really appreciate it if someone could point me in the direction of reputable research that has been done on the subject. I am looking for an answer like: On average ICT companies spend 5% of turnover on new product development, or On average ICT companies spend 10% of total operational expenses on new product development

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