The Zacks Business-Software Services industry is benefiting from heightened demand for digital transformation and the ongoing shift to cloud. Moreover, elevated demand for SaaS owing to the increasing need for remote working, online learning and diagnosis software has been a major driving factor amid the disruptions caused by the coronavirus pandemic.
Industry participants like Guidewire Software (GWRE), QAD Inc. (QADA) and ePlus Inc. (PLUS) are gaining from these trends amid the coronavirus crisis. In addition, rising spending on enterprise software by organizations is anticipated to boost sales of industry participants.
The Zacks Business-Software Services industry primarily comprises companies