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

Innovation Investment: SAP SE vs. PTC Inc.

In the ever-evolving tech landscape, innovation is the lifeblood of success. SAP SE and PTC Inc., two giants in the software industry, have consistently invested in research and development (R&D) to stay ahead. From 2014 to 2023, SAP SE has shown a robust commitment to innovation, with R&D expenses growing by approximately 171%, peaking at over $6 billion in 2023. In contrast, PTC Inc. has also ramped up its R&D spending, increasing by nearly 91% over the same period, reaching around $434 million in 2024.

While SAP SE's investment dwarfs that of PTC Inc., both companies demonstrate a clear upward trend in prioritizing innovation. This commitment is crucial as they navigate the competitive tech industry, where the ability to innovate can make or break a company's future. Notably, data for SAP SE in 2024 is missing, leaving room for speculation on its continued trajectory.