3 Long-Term Business Software Stocks To Buy By StockNews

0


© 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.

Continue reading on StockNews

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. The prices may therefore not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


Share.

Comments are closed.