
The software industry is booming thanks to widespread digital transformation efforts across industries worldwide. Therefore, investors could watch fundamentally robust software stocks Akamai Technologies, Inc. (AKAM), Tenable Holdings, Inc. (TENB), and JFrog Ltd. (FROG) now.
The software industry is key to economic progress and is set for continued growth in the upcoming years. Gartner forecasts worldwide software spending to reach $1.03 trillion in 2024, up 12.7% from the previous year. Furthermore, the global software market is expected to reach $1.79 trillion, growing at a CAGR of 11.7% by 2032.