Structural resilience Enterprise software companies provide essential tools and services to businesses, often serving as mission-critical components of their operations. Revenues in the sub-sector are 'sticky'. Even during economic downturns or periods of high inflation, subscription-based, multi-year contracts and high switching costs contribute to stable and recurring revenues. Key innovations and trends support a favourable outlook for enterprise software: Continued growth in cloud computing, Increased investment in digital transformation, Human capital, Increased investment in cybersecurity and data protection, A shift to hybrid and remote work, Product evolution. Grand View Research expects the enterprise software market to grow at a compound annual growth rate (CAGR) of 11.9% from 2023 to 2028.