Spending on software products and services will likely remain robust this year and beyond due to the rising automation of business operations across several end-use industries, growing data security concerns, and increasing adoption of new, innovative technologies, creating numerous growth opportunities for software providers.
Given the industry’s tailwinds, fundamentally strong software stocks Akamai Technologies, Inc. (AKAM) and Commvault Systems, Inc. (CVLT) could be ideal investments for potential gains. However, investors could wait for a better entry point in Fortinet, Inc. (FTNT).
