Oracle Corporation (ORCL) provides products and services that address enterprise information technology environments worldwide. It markets and sells its cloud, license, hardware, support, and services offerings directly to businesses. On the other hand, Adobe Inc. (ADBE) operates as a diversified software company worldwide. It operates through three segments: Digital Media; Digital Experience; and Publishing and Advertising.
With increasing focus on customer-service-driven strategies and normalization of the work-from-home model, the demand for business software and services has increased over the past year. Moreover, the rapid increase in the volume of enterprise data and the growing automation of business processes across several end-use industries are expected to drive the growth of the software infrastructure industry. According to Grand View Research, the global business software and services market is expected to grow at a CAGR of 11.3% by 2028. Therefore, both ORCL and ADBE should benefit.
