With rapid digitalization, growing software spending, and widening demand for enterprise applications, the software industry is blooming. Also, increasing data-driven analytics, and advancements in emerging technologies like AI, ML, IoT, blockchain, and 5G offer new growth avenues to the market.
Given the industry tailwinds, fundamentally sound software stocks Intuit Inc. (INTU), Open Text Corporation (OTEX), and Workday, Inc. (WDAY) could be ideal additions to the portfolio for now.
