3 Enterprise Software Stocks to Buy for the Long-Term By StockNews
© Reuters. 3 Enterprise Software Stocks to Buy for the Long-Term
Because hybrid working arrangements have become the ‘new normal’ and digital transformation continues, the demand for enterprise software solutions is rising. So, we think it could be wise to scoop up shares of quality enterprise software stocks Oracle (ORCL), SAP (SAP), and Autodesk (NASDAQ:) to cash in on the industry’s long-term growth. Let’s discuss.Even though threats related to data security, especially on cloud-based platforms, continue to plague the enterprise software industry, the sector is nevertheless expected to grow rapidly in the coming months owing to increasing demand from almost every industry as part of their digital transformation efforts.
In addition, because hybrid working is gaining popularity, the demand for enterprise software solutions should keep rising. According to Statista, the revenue in this sector is stated to grow at an 8.9% CAGR by 2026.
So, we think it could be wise to bet on enterprise software stocks Oracle Corporation (NYSE:), SAP SE (DE:) (SAP), and Autodesk, Inc. (ADSK) to cash on the industry’s long-term growth.
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