ServiceNow, Inc. vs Fortinet, Inc.: Strategic Focus on R&D Spending

A Decade of Innovation: ServiceNow vs. Fortinet

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

ServiceNow's Aggressive Growth

ServiceNow has consistently increased its R&D spending, with a staggering 1,600% growth from 2014 to 2023. This strategic focus has propelled ServiceNow to the forefront of the cloud computing industry, with R&D expenses reaching over $2 billion in 2023.

Fortinet's Steady Climb

Fortinet, a leader in cybersecurity, has also ramped up its R&D investments, albeit at a more measured pace. From 2014 to 2023, Fortinet's R&D spending grew by approximately 400%, reflecting its commitment to enhancing its security solutions.

As we look to the future, these R&D trends highlight the companies' strategic priorities and their potential to drive technological advancements.