![]() ![]() Investors who are eager for an inroad into the software market to ride these trends should follow the smart money. According to Deloitte, revenues for artificial intelligence products are expected to reach $100 billion by 2025. Artificial intelligence is also one of the main drivers of the growth in the software market. Applications related to business processes and information management are especially expected to explode in value. Some of the trends that are expected to shape the software industry in the coming years include security spending, custom application development, and the rise of subscription-based models. Consulting firm Gartner has forecast that end-user spending on public cloud services will rise to $482 billion in 2022 from $396 billion in 2021, growing at a rate of over 21%. Professional services firm Deloitte contends that cloud computing and artificial intelligence will lead this growth. According to a report by research and advisory firm Forrester, spending in the software sector is expected to increase by 10% in 2021 and close to 11% in 2022. The software universe is the fastest growing market segment in the technology industry. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Software Stocks To Buy According To Hedge Funds. ![]() In this article, we discuss the 12 best software stocks to buy according to hedge funds.
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