Autodesk, Inc. (ADSK) provides 3D design, engineering, and entertainment software and services worldwide. The San Rafael, Calif.-based company offers AutoCAD Civil 3D, BIM 360, AutoCAD, AutoCAD LT, and computer-aided manufacturing software. In comparison, Adobe Inc. (ADBE) in San Jose, Calif., operates as a diversified software company worldwide. It operates through three segments: Digital Media; Digital Experience; and Publishing and Advertising.
With an increasing focus on digitization, process automation, and data analytics to gain more business insights and operational efficiency, the demand for software solutions has grown tremendously. In addition, the shift to cloud computing and software-as-a-service has been helping the software industry generate relentless growth. According to Grand View Research, the global business software and services market is expected to grow at an 11.3% CAGR through 2028. Therefore, both ADSK and ADBE should benefit.
