R&D Insights: How ServiceNow, Inc. and Nokia Oyj Allocate Funds

R&D Spending: A Tale of Two Giants

In the ever-evolving tech landscape, research and development (R&D) is the lifeblood of innovation. ServiceNow, Inc. and Nokia Oyj, two titans in their respective fields, have shown distinct strategies in their R&D investments over the past decade.

ServiceNow, Inc.: A Steady Climb

From 2014 to 2023, ServiceNow's R&D expenses surged by over 1,300%, reflecting its commitment to innovation in cloud-based solutions. This steady increase underscores the company's strategic focus on expanding its technological capabilities and market reach.

Nokia Oyj: Consistent Investment

Nokia, a stalwart in telecommunications, maintained a robust R&D budget, peaking in 2017 with a 100% increase from 2015. Despite fluctuations, Nokia's consistent investment highlights its dedication to maintaining a competitive edge in the fast-paced telecom industry.

Looking Ahead

While ServiceNow's 2024 data is available, Nokia's is not, leaving room for speculation on future trends. As these companies continue to innovate, their R&D strategies will be pivotal in shaping their futures.