Research and Development Expenses Breakdown: ServiceNow, Inc. vs Marvell Technology, Inc.

A Decade of Innovation: R&D Spending Trends in Tech Giants

In the ever-evolving landscape of technology, research and development (R&D) spending is a critical indicator of a company's commitment to innovation. Over the past decade, ServiceNow, Inc. and Marvell Technology, Inc. have demonstrated contrasting trajectories in their R&D investments.

From 2014 to 2024, ServiceNow's R&D expenses surged by over 1,600%, reflecting its aggressive push towards expanding its cloud-based solutions. In contrast, Marvell Technology's R&D spending grew by approximately 64%, indicating a steady yet less aggressive approach. By 2024, ServiceNow's R&D expenses are projected to surpass Marvell's by about 34%, highlighting its rapid growth and focus on innovation.

This trend underscores the dynamic nature of the tech industry, where companies like ServiceNow are rapidly scaling their R&D efforts to stay ahead in the competitive market, while others like Marvell maintain a more measured pace.