As one of the leading companies in the cloud infrastructure space, VMware, Inc. (VMW) in Palo Alto, Calif., provides software in hybrid and multi-cloud, modern applications, networking, security, and digital workspaces internationally. In comparison, Nutanix, Inc. (NTNX) in San Jose, Calif., provides an enterprise cloud platform. The company offers Acropolis converged virtualization, enterprise storage services, networking visualization, and security services; and Acropolis Hypervisor, an enterprise-grade virtualization solution.
Most software stocks have soared in price over the past year because the remote lifestyle has required individuals and businesses to depend heavily on software, mainly cloud-based services. The trend has been continuing this year, with the increasing adoption of advanced software in almost every industry as part of their digital transformation efforts. And according to Grand View Research, the global business software and services market is expected to grow at an 11% CAGR of 11.3% through 2028. Therefore, both VMW and NTNX should benefit.
