This post was originally published on this site
However, thanks to the ongoing digital transformation across sectors and continued remote working, the software industry grew. Increasing adoption of cloud platforms and rising demand for Software-as-a-service (SaaS) and enterprise software are expected to drive the industry’s growth in the near term. According to Statista, the software market is expected to grow at a CAGR of 7.4% over the next five years.
Arqit Quantum Inc. (ARQQ), Onion Global Limited (OG), and Paltalk, Inc. (PALT) are three software stocks that more than doubled last month. So, it could be wise to add these stocks to your watch list now.
