Table 1 
Rate of innovation among businesses that knew the competition situation in their main market 

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Rate of innovation among businesses that knew the competition situation in their main market
  % of businesses Innovation rate (%)
Businesses with at least one competitor 96.9 76.7
Businesses with one to three competitors 17.8 68.6
Businesses with four or five competitors 19.2 73.5
Businesses with six to ten competitors 20.0 79.1
Businesses with eleven or more competitors 39.9 80.6
Businesses with no competitors 3.1 38.8
Source(s):
Survey of Innovation and Business Strategy (5171) 2022, Custom tabulation.
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