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While BB may not be a good bet right now, the solid growth prospects of the software industry owing to increasing demand for advanced software in almost every industry should drive the performance of many fundamentally-sound software stocks in the near term. According to Grand View Research, the global business software and services market is expected to grow at a CAGR of 11.3% between 2021 and 2028.
So, it’s wise to bet on established software companies such as Microsoft Corporation (NASDAQ:MSFT) and VMware, Inc. (VMW) that have solid financials and are expected to generate significant returns in upcoming months.
