Adobe Inc. or Fortive Corporation: Who Invests More in Innovation?

Innovation Investment: Adobe Inc. vs. Fortive Corporation

In the ever-evolving tech landscape, innovation is the key to staying ahead. Adobe Inc. and Fortive Corporation, two giants in their respective fields, have shown distinct approaches to investing in research and development (R&D) over the past decade. From 2014 to 2023, Adobe consistently increased its R&D spending, with a remarkable 367% growth, peaking at nearly $4 billion in 2023. This commitment underscores Adobe's focus on pioneering creative software solutions.

Conversely, Fortive Corporation's R&D investment remained relatively stable, averaging around $400 million annually. This steady approach reflects Fortive's strategy of maintaining its industrial technology edge without drastic fluctuations. Notably, data for 2024 is missing for Fortive, leaving a gap in the comparison.

As the digital age progresses, Adobe's aggressive R&D investment strategy positions it as a leader in innovation, while Fortive's consistent spending highlights its focus on stability and incremental advancements.