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With continuing digital transformation and accelerated adoption of cloud computing, software companies are investing heavily to deliver advanced solutions and strengthen their market position. China, which hosts the world’s largest internet market, is expected to lead the global digital transformation. The Chinese operating systems and productivity software publishing market is projected to grow at a 29.7% CAGR over the next six years to $4.70 billion. Thus, Chinese software stocks BRQS and OG should benefit in the coming years.
BRQS’ share price has slumped 3% over the past month, while shares of OG have lost 38.8% over the period. Also, BRQS has lost 11.4% over the last five days compared with OG’s 8.5% decline. But in terms of intraday performance, BRQS is the clear winner with 9.3% gains versus OG’s 1.8%.
