


The Zacks Computer Software industry includes companies that provide software applications related to cloud computing, electronic design automation (mostly for semiconductor and electronics industries), digital media and marketing, customer relationship management, on-premises and cloud-based database management, accounting and tax purposes, human capital management, cybersecurity and application performance monitoring and cloud-based enterprise communications platform. These trends bode well for industry participants like Salesforce, Cadence Design Systems and Blackbaud. With the continuation of remote work setup and mainstream adoption of the hybrid/flexible work model, the demand for voice and video communication and productivity software is expected to increase exponentially. The role of software is constantly evolving. The industry is primarily gaining from the ongoing cloud transition. Apart from running devices and applications, its usage has been extended to managing infrastructure. Software is ubiquitous and has become the focal point of technological innovation. The Zacks Computer Software industry benefits from the global pandemic-induced accelerated digital transformation drive. Chicago, IL – Ma– Today, Zacks Equity Research discusses Salesforce CRM, Cadence Design Systems CDNS and Blackbaud BLKB.
