Where Data Tells the Story
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This chart shows how R&D spending has changed for major software companies between 2022 and 2023.
Data is sourced from the Global Innovation Index 2024, an annual report produced by the World Intellectual Property Office.
Adobe leads the top companies in the “ICT” (Internet Communication Technology) software space when it comes to R&D spending growth in 2023.
In 2023, it launched Adobe Firefly, a suite of AI tools that allows users to generate images and text effects effortlessly through intuitive prompts.
Leaders from the previous year, Uber and Meta (+30% in 2022) both increased budgets in 2023, but by a smaller amount.
Check out the big R&D spenders in the tech hardware space—unsurprisingly dominated by chipmakers.