The rising use of software in most businesses and the growing popularity of cloud computing are expected to drive growth in the software industry. So, investors could buy software stocks Dynatrace, Inc. (DT), Verint Systems Inc. (VRNT), and Consensus Cloud Solutions, Inc. (CCSI) for accelerated 2024 gains.
The software market is primarily driven by the rapid development of technologies like blockchain, artificial intelligence, cloud computing, machine learning, and the Internet of Things. These technologies provide new avenues for the creation and use of software, which stimulates the development of cutting-edge solutions and applications. The global software market is expected to grow at a CAGR of 11.9% until 2032.
