
This year, the software industry has seen impressive gains, benefiting from the AI hype, heightened investments, and the growing economy. So, robust software stocks Check Point Software Technologies Ltd. (CHKP), Smartsheet Inc. (SMAR), SolarWinds Corporation (SWI), and OppFi Inc. (OPFI) could be ideal investments for year-end gains.
Growing investments in public cloud services, cybersecurity, and business application software bolster the software industry. According to Gartner, the software spending is expected to grow by 13.8% in 2024. Moreover, the global software market is estimated to grow at a 12.2% CAGR until 2029.