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The resurgence of COVID-19 cases owing to the discovery of a highly transmissible omicron variant is making companies and enterprises adopt the remote working structures once again. Moreover, the rising corporate investments and continued demand for efficient analysis should drive the software industry’s prospects. The global software market is expected to grow at a 7.2% CAGR and reach $823.71 billion by 2026. The investor optimism in the software industry is evident from the SPDR S&P Software & Services ETF’s (XSW) 5.3% returns year-to-date. So, both PTC and ADSK are expected to benefit.
While ADSK lost 16% over the past month, PTC has surged 0.9%. PTC is a clear winner with 1.9% gains versus ADSK’s negative returns in terms of its past year’s performance. But which of these stocks is a better pick now? Let us find out.
