R&D Spending Showdown: SAP SE vs Garmin Ltd.

R&D Spending: A Decade of Innovation

In the ever-evolving tech landscape, research and development (R&D) spending is a key indicator of a company's commitment to innovation. Over the past decade, SAP SE and Garmin Ltd. have demonstrated contrasting strategies in their R&D investments. From 2014 to 2023, SAP SE consistently outspent Garmin Ltd., with its R&D expenses growing by approximately 171%, peaking at over six times Garmin's expenditure in 2023. This substantial investment underscores SAP's focus on maintaining its leadership in enterprise software solutions. Meanwhile, Garmin Ltd., known for its consumer electronics, increased its R&D spending by about 129% over the same period, reflecting its dedication to enhancing product offerings in a competitive market. These trends highlight the strategic priorities of each company, with SAP SE emphasizing large-scale innovation and Garmin Ltd. focusing on targeted technological advancements.