Who Generates More Revenue? ServiceNow, Inc. or CyberArk Software Ltd.

Revenue Race: ServiceNow vs. CyberArk

In the dynamic world of enterprise software, ServiceNow, Inc. and CyberArk Software Ltd. have emerged as key players. Over the past decade, ServiceNow has consistently outpaced CyberArk in revenue generation. From 2014 to 2023, ServiceNow's revenue surged by over 1,200%, reaching nearly $9 billion in 2023. In contrast, CyberArk's revenue grew by approximately 630%, peaking at around $750 million in the same year.

A Decade of Growth

ServiceNow's impressive growth trajectory can be attributed to its robust cloud-based solutions, which have become indispensable for businesses worldwide. Meanwhile, CyberArk, a leader in cybersecurity, has steadily expanded its market share, reflecting the increasing importance of security in the digital age.

The Future Outlook

As digital transformation accelerates, both companies are poised for further growth. However, ServiceNow's current lead suggests it may continue to dominate the revenue landscape in the near future.