Increasing business adoption of digitalization and technological advancements in the cloud are expected to drive growth in the software industry. Given the rosy prospects of the sector, investors could consider quality software stocks Amdocs Limited (DOX), ServiceNow, Inc. (NOW), and VMware, Inc. (VMW).
A surge in the volume of enterprise data and rising automation of business processes are the major drivers of the software market. Moreover, increasing network security and privacy concerns support the industry's growth.
