
The software industry is anticipated to maintain buoyancy on the backs of increased investments in software-driven technologies, increasing automation, and improving productivity. Therefore, investors could probe into software stocks such as Autodesk, Inc. (ADSK) and DocuSign, Inc. (DOCU), rated B (Buy) in our proprietary POWR Ratings system, to capitalize on the industry’s tailwinds.
Increased investments in cloud-based technology, digital transformation of companies, and growing digitization are expected to boost the growth prospects of the technology and software industry.