From Yahoo Finance: 2025-04-05 18:13:00

In 2024, the global enterprise software market size was $263.79 billion, expected to grow at a CAGR of 12.1% from 2025 to 2030 due to demand for automated solutions. AI integration in enterprise software is transforming how it’s designed and utilized, making platforms more personalized and efficient.

AI-driven automation is streamlining core business processes like ERP and workflow management. Agentic AI systems mimic human agents to analyze data and achieve specific goals, enhancing enterprise software autonomy. Advanced AI capabilities are making software more proactive and intelligent, improving overall efficiency and operations.

ServiceNow, Inc. (NYSE:NOW) ranks 2nd in the list of best enterprise software stocks to buy now. The company provides cloud-based solutions for digital workflows globally, with an AI platform for digital transformation. ServiceNow is actively integrating AI into its offerings, focusing on high-value clients and closing significant deals in Q4 2024.

Sands Capital Select Growth Fund noted ServiceNow, Inc.’s impressive growth and financials in its Q4 2024 investor letter. The company’s focus on integrating AI products and developing AI agents for enterprise processes has driven its success. Analysts reaffirm a Buy rating on NOW with a price target of $1200, highlighting its potential for growth and adoption.

Research shows that top stock picks of elite hedge funds can outperform the market. ServiceNow, Inc. (NOW) is a promising enterprise software stock due to its focus on AI integration and high-value client base. While AI stocks have great potential for high returns, there are other AI stocks with significant upside and lower valuations to consider.

Read more: Is ServiceNow (NOW) the Best Enterprise Software Stock to Buy Now?