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The growing demand for advanced software products and services by almost every industry should help the software industry continue growing in the coming months. According to Grand View Research, the global business software and services market is expected to grow at an 11.3% CAGR between 2021 – 2028.
Given this industry’s promising prospects, analysts are highly optimistic about the near-term performance of low-priced software stocks Otonomo Technologies Ltd. (OTMO) and Exela Technologies, Inc. (NASDAQ:XELA). So, we think it could be wise to add these stocks to one’s watchlist.
