One growth industry is on the move, folks…
And if you’ve been watching my daily videos for quite awhile, then you should already know which sector I’m about to say.
I’m talking about SaaS!
SaaS (software as a service) companies use software to digitize and provide almost every business process a company or individual consumer needs.
In today’s video, I’m giving away three SaaS stocks to buy and potentially hold as we enter the year 2021.
Tons of stocks benefited from 2020’s stay-at-home economy. (Some of these companies will even continue to grow regardless of what the world throws at us next.)
But as I predicted a few months back, the software as a service sector is exploding.
Gartner, the world’s leading research and advisory company and member of the S&P 500, forecasts that the SaaS market will grow up to about $113 billion in 2021 from $58 billion in 2017. That’s nearly a 100% increase in only four short years, which means you can expect the growth to sustain.
But also keep this in mind: Most SaaS companies are subscription based, which means even more growth and stability as the industry continues to expand.
The three SaaS stocks to buy that you’ll hear in today’s video are making major headway and should continue gaining strength and momentum as the industry moves into its next phase of growth. These three SaaS stocks to buy show absolutely no signs of slowing down.
The first company I’m giving away provides financial technology solutions. In other words, the company offers an end-to-end cloud-based technology platform to conduct electronic commerce through in-store, online and mobile channels.
The company’s revenue retention of about 100% shows that clients are extremely sticky to its platform. People love the service. What else can I say?!
If you’re ready to reveal its ticker (and the next two SaaS stocks to buy on my list), check out this short video and leave a comment on what you think about them in the section below. As always, I can’t wait to see your feedback.