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Furthermore, the consistent and rapid innovations in artificial intelligence (AI) and cloud computing could also help the SaaS industry grow handsomely in the coming months. According to Statista, the SaaS industry is expected to aggregate roughly $145.5 billion this year.
Given this backdrop, we think it could be wise to bet on established SaaS stocks Microsoft Corporation (NASDAQ:MSFT), Dropbox, Inc. (DBX), and Cloudera, Inc. (CLDR). Their broad portfolio of products and services and consistent innovations should help them capitalize on the industry tailwinds.
