Who Prioritizes Innovation? R&D Spending Compared for ServiceNow, Inc. and Gartner, Inc.

Innovation in the Tech Industry: A Comparative Analysis

In the ever-evolving tech landscape, innovation is the key to staying ahead. ServiceNow, Inc. and Gartner, Inc. are two giants that have consistently invested in research and development (R&D) to maintain their competitive edge. Over the past decade, ServiceNow has shown a remarkable increase in R&D spending, growing from a modest 10% of Gartner's expenditure in 2014 to surpassing it by 2023. This represents a staggering 1,333% increase in ServiceNow's R&D investment, highlighting its commitment to innovation.

Gartner, while maintaining a steady R&D budget, experienced a significant drop in 2023, with expenses plummeting to just 3% of its 2022 levels. This shift raises questions about Gartner's future innovation strategy. As the tech industry continues to evolve, the focus on R&D will be crucial for these companies to lead the charge in technological advancements.