Analyzing R&D Budgets: ServiceNow, Inc. vs TE Connectivity Ltd.

A Decade of Innovation: ServiceNow vs. TE Connectivity

In the ever-evolving tech landscape, research and development (R&D) are pivotal for staying ahead. Over the past decade, ServiceNow, Inc. has significantly ramped up its R&D investments, showcasing a staggering 1,600% increase from 2014 to 2024. This commitment to innovation is evident as their R&D expenses soared from approximately 15% of TE Connectivity Ltd.'s budget in 2014 to over 340% by 2024.

Conversely, TE Connectivity Ltd. maintained a steady R&D budget, with only a 10% increase over the same period. This stability reflects a strategic focus on sustaining existing technologies rather than aggressive innovation.

The contrasting strategies highlight ServiceNow's aggressive pursuit of technological advancement, while TE Connectivity opts for a more conservative approach. As the tech industry continues to evolve, these differing strategies will shape their competitive positions in the global market.