A Decade of Innovation: SAP SE vs. Keysight Technologies

A Comparative Analysis of R&D Investments

In the ever-evolving tech landscape, research and development (R&D) are pivotal for innovation and growth. Over the past decade, SAP SE and Keysight Technologies, Inc. have demonstrated contrasting R&D investment strategies. From 2014 to 2023, SAP SE consistently allocated a significant portion of its budget to R&D, peaking at over 6 billion in 2023, marking a 171% increase from 2014. In contrast, Keysight Technologies, Inc. showed a steady growth trajectory, with R&D expenses rising by approximately 154% over the same period, reaching nearly 919 million in 2024. This disparity highlights SAP SE's aggressive investment in innovation compared to Keysight's more measured approach. Notably, data for SAP SE in 2024 is unavailable, suggesting potential shifts in strategy. These insights underscore the critical role of R&D in maintaining competitive advantage in the tech industry.