3 Software Stocks Under $25 Worth Grabbing

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Cutting-edge technologies like SaaS, generative AI, Web3, and the metaverse shape the software industry’s prospects. So, investors could consider investing in under-$25 software stocks Consensus Cloud Solutions, Inc. (CCSI), Informatica Inc. (INFA), and Vimeo, Inc. (VMEO), which possess solid growth prospects.

In the fast-evolving software landscape, cloud computing is at the forefront of the next phase of digital business transformation. According to Gartner, global spending on public cloud services is set to increase by 21.7% year-over-year, reaching $597.3 billion this year.

As a result, all cloud market segments are expected to witness healthy growth this year, with Infrastructure-as-a-Service (IaaS) likely to rise by 30.9%, followed by Platform-as-a-Service (PaaS) at 24.1%. Software-as-a-Service (SaaS) remains the largest segment in terms of end-user spending, with a projected growth of 17.9% to reach $197 billion this year.

In addition, SaaS solutions are gaining popularity for cost reduction and scalability. SaaS collaboration platforms are becoming increasingly popular, offering a central location for employees to share files, communicate with colleagues, and collaborate on projects.

As per Grand View Research, the global SaaS market is projected to grow at a CAGR of 13.7% until 2030.

Furthermore, increasing investments in advanced AI is a significant driver for the software market’s growth. As AI is highly efficient in reducing human effort across fields, from healthcare to defense, many leading companies are introducing new AI software solutions.

The AI software market is expected to reach approximately $1.09 trillion by 2032, growing at a CAGR of 23%.

Considering these conducive trends, let’s analyze the fundamental aspects of three Software – SAAS industry picks, beginning with the third choice.

This article was originally published on this site