
The software industry is expanding as a result of increased demand for innovative solutions and continued digital transformation across industries. So, fundamentally sound software stocks GoDaddy Inc. (GDDY), Vimeo, Inc. (VMEO) and OppFi Inc. (OPFI), which have been showing solid momentum, could be great portfolio additions now.
According to Statista, software market revenue is expected to hit $698.80 billion this year. The sector’s revenue is expected to grow at a 5.3% CAGR to reach $858.10 billion by 2028.