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

Strategic Focus on R&D: ServiceNow vs. Splunk

In the ever-evolving tech landscape, innovation is the key to staying ahead. ServiceNow, Inc. and Splunk Inc. have demonstrated a steadfast commitment to research and development (R&D) over the past decade. Since 2014, ServiceNow has consistently outpaced Splunk in R&D spending, with a remarkable 1,600% increase by 2024. This strategic focus has seen ServiceNow's R&D expenses grow from approximately 15% of Splunk's in 2014 to nearly 280% in 2024.

Splunk, while trailing, has also shown a commendable increase in R&D investment, growing by over 1,100% during the same period. This dedication to innovation underscores both companies' commitment to enhancing their technological capabilities and maintaining competitive advantages. As the tech industry continues to evolve, the strategic allocation of resources towards R&D will likely play a pivotal role in shaping the future of these industry leaders.