Research and Development Investment: ServiceNow, Inc. vs Gen Digital Inc.

A Decade of Innovation: ServiceNow, Inc. vs Gen Digital Inc.

In the ever-evolving tech landscape, research and development (R&D) investments are pivotal for innovation and growth. Over the past decade, ServiceNow, Inc. has significantly ramped up its R&D spending, showcasing a remarkable increase of over 1,600% from 2014 to 2024. This surge underscores the company's commitment to pioneering solutions in the digital workflow space. In contrast, Gen Digital Inc. experienced a more fluctuating R&D investment pattern, peaking in 2015 and then witnessing a gradual decline. By 2024, ServiceNow's R&D expenses were nearly eight times higher than Gen Digital's, highlighting a strategic shift in priorities. This trend reflects broader industry dynamics where companies are increasingly prioritizing innovation to maintain competitive edges. As we look to the future, these investments will likely shape the next wave of technological advancements, setting the stage for new breakthroughs and market leadership.