SAP SE or Fortinet, Inc.: Who Invests More in Innovation?

Innovation Investment: SAP SE vs. Fortinet, Inc.

In the ever-evolving tech landscape, innovation is the lifeblood of success. Over the past decade, SAP SE and Fortinet, Inc. have demonstrated their commitment to research and development (R&D) with significant investments. From 2014 to 2023, SAP SE consistently outpaced Fortinet, Inc. in R&D spending, with SAP's investment peaking at approximately 6.3 billion in 2023, a 171% increase from 2014. In contrast, Fortinet's R&D expenses grew by nearly 400% over the same period, reaching around 613 million in 2023. This stark difference highlights SAP's robust financial commitment to innovation, while Fortinet's rapid growth rate underscores its aggressive push to enhance its technological capabilities. As these companies continue to innovate, their R&D investments will likely play a pivotal role in shaping their future trajectories and competitive positions in the global market.