Growing investments in digital transformations and the expansion of AI capabilities are expected to drive growth in the software industry. As the industry shows potential, quality software stocks SAP SE (SAP), Karooooo Ltd. (KARO), and Xperi Inc. (XPER) might be solid buys.
A surge in the volume of enterprise data, rising automation of business processes, and growing digitization are the major drivers of the software market. Moreover, increasing network security and privacy concerns support the industry's growth.
