Accenture plc or Garmin Ltd.: Who Invests More in Innovation?

Innovation Investment: Accenture vs. Garmin

In the ever-evolving landscape of technology and innovation, companies like Accenture plc and Garmin Ltd. are at the forefront, investing heavily in research and development (R&D) to maintain their competitive edge. Over the past decade, Accenture has consistently outpaced Garmin in R&D spending, with a notable increase of approximately 103% from 2014 to 2023. In 2023 alone, Accenture's R&D expenses surged to nearly 1.3 billion, marking a significant commitment to innovation. In contrast, Garmin's investment grew by about 129% over the same period, reaching over 900 million in 2023. However, data for Garmin in 2024 is currently unavailable, leaving a gap in the comparison. This trend highlights Accenture's strategic focus on innovation, positioning itself as a leader in the tech industry. As both companies continue to innovate, their R&D investments will be crucial in shaping the future of technology.