Research and Development Investment: ServiceNow, Inc. vs Seagate Technology Holdings plc

A Decade of Innovation: ServiceNow vs. Seagate Technology

In the ever-evolving tech landscape, research and development (R&D) investments are pivotal for innovation and growth. Over the past decade, ServiceNow, Inc. and Seagate Technology Holdings plc have demonstrated contrasting trajectories in their R&D spending. From 2014 to 2024, ServiceNow's R&D expenses surged by over 1,600%, reflecting its commitment to expanding its cloud-based solutions. In contrast, Seagate's R&D investment decreased by approximately 47%, indicating a strategic shift or potential challenges in maintaining its competitive edge in data storage solutions.

By 2023, ServiceNow's R&D spending was more than double that of Seagate's, highlighting its aggressive push towards innovation. This trend underscores the broader industry shift towards software and cloud services, as companies like ServiceNow capitalize on the growing demand for digital transformation. As we look to the future, these investment patterns may well dictate the competitive dynamics in the tech sector.