© Reuters. 3 enterprise software stocks to buy in the long term
As hybrid work arrangements have become the “new normal” and digital transformation continues, the demand for enterprise software solutions is increasing. Thus, we believe that it might be wise to grab shares of Oracle (ORCL), SAP (SAP), and Autodesk (NASDAQ 🙂 quality enterprise software stocks to profit from the long-term growth of the industry. Let’s discuss it. Even though data security threats, especially on cloud-based platforms, continue to plague the enterprise software industry, the industry is nonetheless expected to grow rapidly in the coming months due to the growing demand from almost all industries as part of their digital transformation efforts.
Additionally, as hybrid work grows in popularity, the demand for enterprise software solutions is expected to continue to increase. According to Statista, revenue in this sector is expected to grow at a CAGR of 8.9% by 2026.
Thus, we believe it might be wise to bet on enterprise software stocks Oracle Corporation (NYSE :), SAP SE (DE 🙂 (SAP) and Autodesk, Inc. (ADSK) to profit from the growth at long term of the industry.
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