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Increasing adoption of secure cloud-based software solutions across several industries to provide efficient services to their customers and facilitate the continuation of remote working amid the resurgence of COVID-19 cases should drive the cloud-based software industry’s growth. The global cloud computing market is expected to grow at a 19.1% CAGR to $1.25 trillion by 2028. So, both SNOW and VEEV should benefit.
While APPF has declined 31.2% in price year-to-date, VEEV has surged 12%. VEEV is a clear winner with 2.4% price gains versus APPF’s negative returns in terms of their past three months’ performance. But which of these stocks is a better pick now? Let’s find out.
