Innovation Race: Cisco vs. ServiceNow

In the ever-evolving tech landscape, innovation is the key to staying ahead. Cisco Systems, Inc. and ServiceNow, Inc. have been at the forefront of this race, investing heavily in research and development (R&D) over the past decade. From 2014 to 2024, Cisco's R&D spending has consistently outpaced ServiceNow's, with Cisco's investment growing by approximately 27% over this period. In contrast, ServiceNow has shown a remarkable growth trajectory, increasing its R&D spending by over 1,600%, reflecting its rapid expansion and commitment to innovation.

While Cisco's R&D expenses peaked at nearly $8 billion in 2024, ServiceNow's reached $2.5 billion, showcasing its aggressive push to innovate. This comparison highlights the different scales and strategies of these tech giants, with Cisco leveraging its established market position and ServiceNow focusing on rapid growth and innovation. As the tech industry continues to evolve, these investments will play a crucial role in shaping the future.