Technological Analysis of Spain

technological Analysis of SpainTechnological analysisSpain has been s small to adopt technological advancements compared to the other European countries, even out though Spain performs well in knowledge creation, the change mood in Spain has not been ready. The situation has occurred because of the larger role of the human race field with admiration to RD phylogenesis. The secret sector has limited participation in enhancing RD directs in the republic. Spain posit to unified RD policy across regions as the autonomy of regional politicss with comply to the RD policy which led to lack of innovative practices. The increase in the tote up of authorities and the diversity of farm animaling programs in Spain has increased the innovative system. However, the aim of coordination among different levels must improve.Spain ranks 16th on the European innovation index digit in a list of 27 nations. Spain total expenditure on RD as a shareage of GDP stood at around 1.2 share in 2007 to 2008. Spain has devise a prat to reach the RD expenditure level of 2% of GDP by 2010, which is well be natural depression the 3% pose fixed by Lisbon agreement for the European nations. It is expected that Spain administration under the program of INGENIO 2010 will help in raising the individual(a) sector expenditure on RD to 55% of total investment by 2010, as well as improving the overall innovation climate of Spain. Spain government has initiated measures to address the expected in innovation by revamping introducing newly technologies and the educational system. The lack of innovation and entrepreneurship has emerged because of a woeful piece of SMEs get involved in innovation and co-operation, along with the low participation of the mystic sector and venture capitalists. Below show the analysis of Spains technology landscape according to Datamonitor.Current strengthsWell-developed ICT sectorSpain has a strong communication theory equipment grocery store. T he Spanish communications equipment market generated total among of revenues of $521.2 billion in 2008, it representing a compound annual growth rate (CAGR) of 9.7 share for the period spanning 2004 to 2008. In 2013, the Spanish communications equipment market is forecast to extradite a nurture of $577 million, an increase of 10.7 percent since 2008. Electricals and electronics retailers proved the most cost-effective distributors for the Spanish communications equipment market in 2008, generating total among of revenues of $249.8 million, equivalent to 47.9 percent of the markets overall value. The countrys strong communication equipment market is expected to post unequivocal growth rates in the medium term.Well-developed understructureSpain has a well-developed infrastructure to facilitate development of technology-intensive industries. Besides, the railways system is one of the best in occidental Europe. Base on the Datamonitor, in 2008, the Spanish railway system cover 15, 288 km, and 8,847 km of the area which were electrified. Air and water transport are alike well developed with around 55 state-owned general interest ports and 58 commercial airports.Current challengesGross expenditure on RD remains lowSpain total expenditure on RD (as a percentage of GDP) stood at 1.2 percent in 2007, which is much less than that of other developed nations. In comparison, Frances expenditure was 2.13 percent of the GDP, 3.18 percent in Japan, 2.68 percent for the US, and 1.8 percent for Canada during the like year. The low expenditure on RD has restricted related some activities in Spain. With the increase in the Spanish access to the European technology fund and innovation budget which aims at meeting the financing needs of research, the development and innovation of enterprises, it will be an improvement in the funding of RD activities. interlocking of the private sectorThe RD activities in Spain have been led by the public sector and with a little involvement from the private sector. The lack of innovation and entrepreneurship has emerged because of a low percentage of SMEs getting involved in cooperation, innovation, and the low participation of venture capitalists and the private sector. The government focused on much of the technological expansion of existing large firms rather than early academic degree investments for startups.Future prospectsGovernment policies promoting RDBase on the Datamonitor, Spain government has taken several(prenominal) initiatives, which include the adoption of liberal policies to promote RD activity in Spain country, and it has worn up a new legislative framework for RD. It has been taking measures to fly high the RD infrastructure and to improve the operations of all agencies involved in the system. Spain government has set a target to increase the RD expenditure (as a percentage of GDP) to 2 percent by the end of 2010, from 1.2 percent in 2007. The private sector of Spain contribution to RD expenditur e is expected to be 55 percent of total expenditure by 2010.Significant opportunities in capability and ICT sectorSpain presented significant opportunities in the ICT and emerging sectors of energy. The process of liberalization of the energy market was started in 1998 and by 2003 it brought major changes to the electricity sector and consumers were allowed to purchase tycoon freely in the open market. Spain government has shifted its focus to renewable energy under the Promotion of Renewable Energy plan (2005 to 2010). Spain government besides approved the Action Plan for the Spanish Strategy of Energy susceptibility to increase investment in renewable energy technology. Spain has achieved its 29.4 percent target for renewable energy in 2009, even though the target was set for 2010 by the European. Spain governments energy plans include greater opinion on hydroelectricity and wind energy. In the telecoms segment, a number of IT sub sectors have been exposed to private players . Mobile telephony, broadband services and broadcast equipment (such as Wi-Fi) are the growing segments, as the sector is being gradually opened up for competition.Future risksLack of innovation and low number of patentsThe low level of innovation in Spain is influenced by the low number of patents registered. Although the number of patents is increasing, it is still far behind the levels compare with other European nations. It compares sickly to some European and developed countries, as show in the tabularise below. A continuation of the trend is likely to hamper the scientific prospects of the country. Spain was rank 16th according to the European Innovation Scoreboard (EIS) 2008 among the list of 27 European countries. The private sector RD expenditure lags behind the European average by 45 percent and the rate of patenting is below the European average by 20 percent.