Comparing Innovation Spending: SAP SE and Splunk Inc.

Innovation Spending: A Tale of Two Tech Giants

In the ever-evolving world of technology, innovation is the lifeblood that sustains growth and competitiveness. This chart offers a fascinating glimpse into the research and development (R&D) spending trends of two major players: SAP SE and Splunk Inc., from 2014 to 2023.

SAP SE, a global leader in enterprise software, has consistently invested heavily in R&D, with a remarkable 171% increase over the decade. By 2023, SAP's R&D expenses reached their peak, reflecting its commitment to maintaining a competitive edge. In contrast, Splunk Inc., known for its data analytics solutions, has shown a more dynamic growth trajectory, with R&D spending surging by over 1,200% during the same period.

While SAP's spending dwarfs that of Splunk, the latter's rapid growth underscores its aggressive push to innovate and capture market share. Notably, data for 2024 is incomplete, hinting at potential shifts in strategy.