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list of publicly raded software companies
Comprehensive 2026 directory of global software leaders, from trillion-dollar enterprise giants to high-growth AI and SaaS innovators.
This page is for informational and educational purposes only and does
not constitute investment advice. Always consult a qualified financial
professional before making investment decisions.
The 2026 software landscape is defined by the rapid integration of artificial intelligence and the dominance of massive cloud-native platforms. As a primary pillar of the tech sector, this list of publicly traded software companies encompasses everything from established enterprise giants like Oracle to high-momentum AI analytics firms. Investors frequently navigate through specialized categories such as fintech software and mission-critical cybersecurity software to find alpha in a crowded market. With software-as-a-service (SaaS) multiples stabilizing between 12-15x revenue, the focus has shifted toward consistent Annual Recurring Revenue (ARR) and AI monetization. This directory tracks the innovators defining the digital economy across the all sectors framework.
Key Takeaways
01
Trillion-Dollar Dominance
Apple, Alphabet, and Microsoft remain the anchors of the sector, leveraging massive ecosystems to roll out generative AI features at scale.
02
AI ARR Growth
High-growth leaders like Palantir are seeing ARR growth exceeding 45% as government and commercial AI contracts drive record revenue momentum.
03
Cybersecurity Priority
In an era of AI-enhanced threats, cybersecurity software firms like Palo Alto Networks are commanding premium valuations and strong YTD momentum.
04
SaaS Valuation Shift
The market has moved away from "growth at any cost," favoring software firms that balance double-digit growth with high free cash flow margins.
Top list of publicly raded software companies by Market Cap (2026)
The following table tracks the global software leaders ranked by their early Q2 2026 market capitalization and AI strategic focus.
| Rank | Ticker | Company | Industry | Market Cap | YTD % | P/E Ratio | AI Focus |
|---|---|---|---|---|---|---|---|
| 1 | AAPL | Apple Inc. | Software/HW | $3.83T | +11.2% | 32.4 | High |
| 2 | GOOGL | Alphabet Inc. | Internet/SW | $3.82T | +14.5% | 26.8 | Core |
| 3 | MSFT | Microsoft | Enterprise/SW | $2.76T | +8.9% | 34.1 | Core |
| 4 | ORCL | Oracle Corp. | Database/SW | $397B | +12.4% | 21.5 | High |
| 5 | PLTR | Palantir Tech | AI/Analytics | $306B | +25.8% | N/A | Pure |
| 6 | CRM | Salesforce | Cloud SaaS | $288B | +7.2% | 28.4 | High |
| 7 | APP | AppLovin | AdTech/SW | $132B | +32.3% | 24.6 | High |
| 8 | PANW | Palo Alto Networks | Security SW | $127B | +18.4% | 45.2 | High |
| 9 | IBM | IBM | Enterprise/AI | $216B | +4.1% | 15.8 | High |
| 10 | MANH | Manhattan Assoc. | Supply Chain | $7.23B | +5.6% | 38.2 | Mid |
Market data is approximate and for informational purposes only. Data reflects early Q2 2026 figures. Not a recommendation to buy or sell.
list of publicly raded software companies — Complete Company List
Large, Mid, Small and Micro-Cap Software Sections
- Large-Cap Software Companies
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- Small-Cap Software Companies
- Micro-Cap Software Companies
Software Categories
- Advertising and Marketing Software
- Cybersecurity Companies
- Transaction Software and Services
- Workplace and Labor Management Software
Industry Specific Software and Technology Companies
- Auto Software and Services
- Communications Software Companies
- Digital Business Software and IT Services
- Education and Training Software
- Engineering and Manufacturing Software
- Financial Services Software
- Government and Nonprofit Software and Services
- Healthcare and Medical Software
- Insurance Software
- Logistics and Trade Software
- Real Estate Software
- Restaurant and Hospitality Software
- Retail and Ecommerce Software Companies
- Utilities Software
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- 2U, Inc. (TWOU) (Provides cloud-based software-as-a-service solutions to colleges and universities)
- ACI Worldwide, Inc. (ACIW) (Software products and services focused on facilitating electronic payments)
- Activision Blizzard, Inc. (ATVI) (Call of Duty, Destiny, Diablo, Guitar Hero, Hearthstone, Skylanders, StarCraft and World of Warcraft)
- Acxiom Corporation (ACXM) (Enterprise data, analytics and software-as-a-service company)
- Adobe Systems Incorporated (ADBE) (Broad portfolio of products: reportable segments include digital marketing, digital media and print and publishing)
- Agilysys, Inc. (AGYS) (Enterprise software and services for the hospitality industry: analytics, document management, inventory and procurement, point-of-sale, property management, workforce management)
- Alarm.com Holdings, Inc. (ALRM) (Home security software)
- Allscripts Healthcare Solutions, Inc. (MDRX) (Healthcare information technology: practice management and electronic health records; patient engagement and care coordination; data analytics)
- Altair Engineering Inc. (ALTR) (IPO November 1, 2017; engineering software and solutions)
- Alteryx, Inc. (AYX) (IPO March 24, 2017; self-service data analytics software platform)
- Amber Road, Inc. (AMBR) (Cloud based global trade management solutions using a software-as-a-service model)
- Amdocs Limited (DOX) (Software and services used by the communications, entertainment and media industries)
- American Software, Inc. (AMSWA) (Supply chain management and enterprise software)
- ANSYS, Inc. (ANSS) (Engineering simulation software)
- AppFolio Inc. (APPF) (Property management software)
- Appian Corporation (APPN) (IPO May 25, 2017; low-code software development platform)
- Apple Inc. (AAPL)
- Apptio Inc. (APTI) (IPO September 23: cloud-based Technology Business Management software)
- Aspen Technology, Inc. (AZPN) (Provides software that is designed to optimize process manufacturing)
- Asure Software Inc. (ASUR) (Software-as-a-service: workplace and workforce management solutions)
- athenahealth, Inc. (ATHN) (Cloud-based business services for medical practices and health systems; examples include clinical, patient, referral and revenue cycle management)
- Atlassian Corporation plc (TEAM) (Team collaboration products/software)
- Attunity Ltd. (ATTU) (Israel: information availability software solutions)
- Autodesk, Inc. (ADSK) (3D design, engineering and entertainment software: reportable operating segments include (1)
- Automatic Data Processing, Inc. (ADP) (Cloud-based solutions and services: human capital management, human resources, payroll services, recruiting, talent management, benefits administration, time and attendance management)
- Aware, Inc. (AWRE) (Biometrics software products and services)
- Bandwidth Inc. (BAND) (IPO November 10, 2017; cloud-based enterprise communications platform)
- Benefitfocus, Inc. (BNFT) (Cloud-based benefits software solutions: benefits include core medical, dental, voluntary benefits, wellness programs)
- Best Inc. (BSTI) (IPO September 20, 2017; logistics and supply chain solutions)
- Blackbaud, Inc. (BLKB) (Software and related services designed for nonprofit organizations)
- Black Knight, Inc. (BKI) (IPO in May 2015: Mortgage data platform)
- BlackLine, Inc. (BL) (IPO Oct 28, 2016: cloud-based financial controls and automation software platform)
- Bottomline Technologies, Inc. (EPAY) (Financial oriented operations; software-as-a-Service in addition to software designed to run at the customer’s place of business)
- Box, Inc. (BOX) (IPO in January 2015: Online file sharing; cloud content management services)
- Bridgeline Digital, Inc. (BLIN) (Web Engagement Management platform: web content management, web analytics, eCommerce, social media management, eMarketing)
- Brightcove Inc. (BCOV) (Cloud services for video)
- BroadVision, Inc. (BVSN) (Web-based e-commerce products and services; primary product offerings are software products)
- BSQUARE Corporation (BSQR) (Resells Microsoft software; software and engineering services for companies)
- CA Inc. (CA) (IT management software and related services)
- Cadence Design Systems, Inc. (CDNS) (Electronic Design Automation (EDA)
- Carbonite, Inc. (CARB) (Cloud and hybrid business services: backup, recovery and archiving solutions; primary market is small and midsized businesses)
- Cardlytics, Inc. (CDLX) (IPO February 9, 2018; purchase intelligence platform)
- Castlight Health, Inc. (CSLT) (Cloud-based healthcare software for health care)
- Catasys, Inc. (CATS) (IPO April 26, 2017; behavioral health identification, engagement and treatment platform)
- CDK Global, Inc. (CDK) (Information technology and digital marketing products and services for the automotive retail industry)
- Ceridian HCM Holding Inc. (CDAY) (IPO April 26, 2018; human capital management software)
- Cerner Corporation (CERN) (Healthcare information technology: cloud-based platform; clinical, financial and management information systems)
- Changyou com Ltd. (CYOU) (China: Online games for PCs and mobile devices; MMOGs; 17173.com an information portal for game players in China)
- ChannelAdvisor Corporation (ECOM) (SaaS products and services for retailers and manufacturers to optimize sales online)
- Check Point Software Technologies Ltd. (CHKP) (Israel, Internet security products and services: network security, endpoint security, data security and management solutions)
- Cheetah Mobile Inc. (CMCM) (Operates a platform that offers mobile and PC apps)
- China Information Technology, Inc. (CNIT) (China, Internet service company: Cloud-based products and services; software and systems integration services)
- Citrix Systems, Inc. (CTXS) (Workspace Services and Delivery Networking products; Communications Cloud, Documents Cloud and Workflow Cloud products)
- Cloudera, Inc. (CLDR) (IPO April 28, 2107; data management and analytics platform)
- CommerceHub, Inc. (CHUBA) (Cloud-based commerce network used by retailers and brands)
- CommVault Systems, Inc. (CVLT) (Data and information management software; related services)
- Computer Programs and Systems, Inc. (CPSI) (Electronic health record systems; business, consulting and managed IT services; target market includes rural and community hospitals)
- Cornerstone OnDemand, Inc. (CSOD) (Management, training and recruitment software and services)
- CounterPath Corporation (CPAH) (Software and services used by enterprises and telecommunication service providers; products allow unified communications over IP networks)
- Coupa Software Incorporated (COUP) (IPO October 6, 2016: cloud-based spend management platform)
- CSG Systems International, Inc. (CSGS) (Communications services and solutions)
- CyberArk Software Ltd. (CYBR) (Israel, IT security: solutions that protect organization from cyber-attacks; privileged account security solutions)
- Cyren Ltd. (CYRN) (Israel, Cloud-based security platform: web, mobile, email and anti-malware products)
- Datawatch Corporation (DWCH) (Data discovery software)
- Determine, Inc. (DTRM) (Enterprise contract lifecycle management, procure-to-pay, strategic sourcing and supplier management cloud-based software solutions)
- DocuSign, Inc. (DOCU) (IPO April 27, 2018; eSignature platform)
- Dropbox, Inc. (DBX) (IPO March 23, 2018; global collaboration platform)
- Ebix, Inc. (EBIX) (Software and e-commerce solutions for the insurance industry)
- eFuture Information Technology Inc. (EFUT) (China, software and mobile social shopping network services; target markets include retail and consumer goods industries in China)
- eGain Corporation (EGAN) (Cloud-based and on-site customer engagement software)
- Electronic Arts Inc. (EA) (Dragon Age, EA Sports (multiple brands)
- Ellie Mae, Inc. (ELLI) (Provides on-demand software and services for the residential mortgage industry)
- Endurance International Group Holdings, Inc. (EIGI) (Cloud-based products and services for small and medium-sized businesses: domains, website builders, web hosting, email, etc.)
- Everbridge, Inc. (EVBG) (IPO September 16, 2016: software; provider of critical communications and enterprise safety applications)
- Envestnet, Inc. (ENV) (Technology platforms: provides wealth management software and services for financial advisors and financial institutions)
- Evolent Health, Inc. (EVH) (IPO in June 2015: Integrated healthcare payment and delivery platform)
- Evolving Systems, Inc. (EVOL) (Software designed for service enablement, on-device activation and management of connected devices for network operators)
- F5 Networks, Inc. (FFIV) (Software-defined application services)
- Fair Isaac Corporation (FICO) (Analytics software company: FICO credit scores)
- Finjan Holdings, Inc. (FNJN) (Portfolio of patents related to cybersecurity software and hardware; cybersecurity consulting)
- FireEye, Inc. (FEYE) (Cybersecurity solutions: virtual machine-based security platform)
- Five9, Inc. (FIVN) (Provides cloud software for contact centers)
- ForeScout Technologies, Inc. (FSCT) (IPO October 27, 2017; Internet of Things security)
- Formula Systems (1985) Ltd. (FORTY) (Israel: software consulting services; develops proprietary software products; computer-based business solutions)
- GigaMedia Limited (GIGM) (Taiwan: online games and cloud computing services)
- GlobalSCAPE, Inc. (GSB) (Secure information and data exchange: software, managed and hosted solutions, associated services)
- Glu Mobile Inc. (GLUU) (Free-to-play games: Blood and Glory, Deer Hunter and Gun Bros)
- Great Elm Capital Group, Inc. (GEC) (Software and services for communication service providers)
- Gridsum Holding Inc. (GSUM) (IPO September 23: China, data analysis software)
- GrubHub Inc. (GRUB) (Online and mobile food ordering platform: connects diners with local takeout restaurants; target market is independent restaurants)
- GSE Systems, Inc. (GVP) (Simulation, training and engineering solutions; primary markets include nuclear and fossil power generation markets)
- Guidewire Software, Inc. (GWRE) (Builds software products for property and casualty insurers)
- HealthStream, Inc. (HSTM) (Software-as-a-service; workforce development, training & learning management, simulation-based training programs, performance assessment, credentialing, talent management)
- Hortonworks, Inc. (HDP) (Data management platform)
- HubSpot, Inc. (HUBS) (Inbound marketing and sales platform)
- Image Sensing Systems, Inc. (ISNS) (Transportation systems: software-based products and solutions; video and radar processing products)
- Imperva, Inc. (IMPV) (Cyber-security products and services: cloud and on-premises products)
- Inovalon Holdings, Inc. (INOV) (Cloud-based data analytics and data-driven intervention platforms)
- Instructure Inc. (INST) (IPO in November 2015: Education and training software)
- Intellicheck Mobilisa, Inc. (IDN) (Real-time identity authentication and validation solutions: products allow for businesses and organizations to authenticate an individual’s identification)
- Intelligent Systems Corporation (INS) (Designs and develops software solutions for businesses to manage credit and debit cards, loyalty programs, accounts receivable and small loan transactions)
- Intuit Inc. (INTU) (Brands include QuickBooks, TurboTax, Quicken and Mint; operating segments include Small Business, Consumer Tax and Professional Tax)
- Iteris, Inc. (ITI) (Advanced technologies and software-based information systems: transportation and agriculture markets)
- Jack Henry & Associates, Inc. (JKHY) (Data processing systems and solutions for banks and credit union; specialized products and services to financial institutions)
- Kingtone Wirelessinfo Solution Holding Ltd (KONE) (China: Provides software and solutions for companies whose work functions require mobility to be connected to IT systems)
- Line Corp (LN) (IPO July 14, 2016, Japan: mobile messaging app)
- LivePerson, Inc. (LPSN) (Cloud-based platform: allows businesses to connect with consumers through multiple communication channels)
- LogMein, Inc. (LOGM) (Cloud-based service offerings: downloadable mobile and web-based collaboration apps; professional helpdesk solutions; cloud-based platform for the Internet of Things)
- Luxoft Holding, Inc. (LXFT)
- Magic Software Enterprises Ltd. (MGIC) (Israel, provides application development, business process integration and packaged software solutions; IT professional and outsourcing services)
- Majesco (MJCO) (Insurance technology software and provides IT services to insurance carriers)
- Majesco Entertainment Company (COOL) (Console and PC game developer)
- MAM Software Group, Inc. (MAMS) (Automotive aftermarket business management software; additional software with applications in the automotive aftermarket, building supply and general distribution industries)
- Manhattan Associates, Inc. (MANH) (Software designed to manage supply chains, inventory and omni-channel operations)
- Marin Software Incorporated (MRIN) (Software-as-a-Service: Cross-channel advertising cloud platform for digital marketers)
- Materialise N.V. (MTLS) (Software solutions and 3D printing services)
- Medical Transcription Billing, Corp. (MTBC) (Software-as-a-service platform: WebEHR, revenue cycle, practice management, data management, business services)
- Medidata Solutions, Inc. (MDSO) (Cloud-based solutions for clinical research in life sciences)
- Microsoft Corporation (MSFT)
- MicroStrategy Incorporated (MSTR) (Enterprise-ready analytics, mobile and security software platforms)
- Mimecast Ltd. (MIME) (IPO in November 2015: Cloud-based email management services)
- MINDBODY, Inc. (MB) (IPO in June 2015: Cloud-based business management software and payments platform designed for the wellness industry)
- MIND C.T.I. Ltd. (MNDO) (Israel: Real-time and off-line convergent billing and customer care software solutions)
- Mix Telematics Limited (MIXT) (South Africa; Software-as-a-service model: fleet management services)
- MobileIron, Inc. (MOBL) (Mobile IT platform; used by organizations to secure and manage mobile applications, content and devices)
- Model N, Inc. (MODN) (Revenue management cloud solutions)
- Momo Inc. (MOMO) (China: Mobile-based social networking platform, mobile games)
- MongoDB, Inc. (MDB) (IPO October 19, 2017; general purpose database platform)
- Monotype Imaging Holdings Inc. (TYPE) (Branding: type and technology for creative applications and consumer devices; myfonts.com, fonts.com, fontshop.com, linotype.com and fontfont.com)
- MuleSoft, Inc. (MULE) (IPO March 17, 2017; platform that allows organizations to build application networks)
- My Size Inc. (MYSZ) (Technologies that allow users to take measurements using a smartphone)
- National Instruments Corporation (NATI) (Software and hardware platform; measurement and control systems used by engineers and scientists)
- NetEase, Inc. (NTES) (China: online games (partnership with Blizzard Entertainment)
- NetScout Systems, Inc. (NTCT) (Service assurance and cybersecurity solutions: integrated hardware and software)
- NetSol Technologies Inc. (NTWK) (IT and enterprise software: primary markets are the global lease and finance industry)
- New Relic, Inc. (NEWR) (Enterprise software for software analytics)
- NICE-Systems Limited (NICE) (Israel, data software: analytics engines, capturing and recording systems, advanced management tools)
- Nuance Communications, Inc. (NUAN) (Speech and imaging products for businesses and consumers)
- Nutanix, Inc. (NTNX) (IPO September 29, 2016: enterprise cloud platform company)
- Okta, Inc. (OKTA) (IPO April 7, 2017; enterprise identity solutions)
- Omnicell, Inc. (OMCL) (Automation and business information products: Central pharmacy automation, business analytics, medication management systems, medical administration, medical supply management systems)
- Open Text Corporation (OTEX) (Canada: software products and services: allow organizations to manage information and business content; Enterprise Information Management)
- Oracle Corporation (ORCL)
- Park City Group, Inc. (PCYG) (Software-as-a-Service, consumer goods supply chain: markets include branded food manufacturers, convenience store chains, multi-store retail chains and suppliers and distributors)
- PAR Technology Corporation (PAR) (Products that assist hospitality operators: software, hardware and services)
- Paycom Software, Inc. (PAYC) (Software-as-a-service: cloud-based human resources and payroll services)
- Paylocity Holding Corporation (PCTY) (Cloud-based payroll and human capital management software; target market is medium-sized organizations)
- Pegasystems Inc. (PEGA) (Strategic software applications: customer service, marketing, onboarding, operations, sales)
- Perion Network Ltd. (PERI) (Israel, Software monetization platform for digital businesses)
- Pivotal Software, Inc. (PVTL) (IPO April 20, 2018; cloud-native platform)
- Progress Software Corporation (PRGS) (Broad portfolio of products)
- Proofpoint, Inc. (PFPT) (Software-as-a-service provider, cloud-based solutions: incident response, secure communications, social media security, threat protection)
- PROS Holdings, Inc. (PRO) (Big data software company)
- PTC Inc. (PTC) (Provides software and services for manufacturing organizations; products designed to optimize business functions)
- Q2 Holdings, Inc. (QTWO) (Provides cloud-based virtual banking solutions to regional and community financial institutions)
- QAD Inc. (QADA) (Provides enterprise resource planning software to manufacturing companies)
- Quality Systems, Inc. (QSII) (Computer-based services: practice management, electronic health records, revenue cycle management, connectivity)
- Qualys, Inc. (QLYS) (Cloud security and compliance solutions: products to protect organization’s IT infrastructures and applications)
- Qumu Corporation (QUMU) (Enterprise video content management software)
- Radcom Ltd. (RDCM) (Israel: provides software and hardware products for fixed and mobile telecommunications service provider)
- RadiSys Corporation (RSYS) (Products and services for communications and content providers: operating segments include software systems, embedded products and hardware services)
- Rapid7 Inc. (RPD) (IPO in July 2015: Cybersecurity technologies; security data and analytics solutions)
- RealNetworks Inc. (RNWK) (Internet stream media delivery software: compressed audio and video formats, media player, personal cloud media service)
- RealPage, Inc. (RP) (Creates on-demand software for the rental housing industry)
- Red Hat, Inc. (RHT) (Open source software development model: cloud computing, middleware, operating systems, storage, virtualization)
- Ringcentral, Inc. (RNG) (Cloud-based phone systems for businesses)
- Rosetta Stone (RST) (Language-learning software)
- Sabre Corporation (SABR)
- SailPoint Technologies Holdings, Inc. (SAIL) (IPO November 17, 2017; enterprise identity governance solutions)
- Salesforce.com Inc. (CRM) (Enterprise cloud computing solutions: customer relationship management)
- SAP SE. (SAP) (Germany: provides enterprise application and analytics software to numerous industries)
- Sapiens International Corporation N.V. (SPNS) (Insurance software products)
- ScanSource, Inc. (SCSC) (Specialty technology products: point-of-sale, barcode, communications and physical security; applications in the retail industry and other commercial and industrial areas)
- SeaChange International, Inc. (SEAC) (Provides multi-Screen TV software and services for mobile, PC and TV screens)
- SendGrid, Inc. (SEND) (IPO November 15, 2017; digital communication platform)
- ServiceNow, Inc. (NOW) (Cloud-based service management solutions with applications in facilities, field service, finance, human resources, IT, legal and marketing)
- ServiceSource International, Inc. (SREV) (Software and services: recurring revenue and customer success management)
- Shopify Inc. (SHOP) (IPO in May 2015: software for online stores and retail point-of-sale systems)
- ShotSpotter, Inc. (SSTI) (IPO June 7, 2017; gunshot detection solutions)
- Sigma Labs, Inc. (SGLB) (3D printing quality assurance software)
- Simulations Plus, Inc. (SLP) (Modeling and simulation software used by the pharmaceutical and biotechnology industries)
- SITO Mobile, Ltd. (SITO) (Mobile engagement platform)
- Smartsheet Inc. (SMAR) (IPO April 27, 2018; cloud-based work management platform)
- Smith Micro Software Inc. (SMSI) (Enterprise and consumer software and related services)
- Snap Inc. (SNAP) (IPO March 2, 2017; Snapchat)
- Sonic Foundry, Inc. (SOFO) (Mediasite Enterprise Video Platform: Video capture, management and webcasting products and services)
- Splunk Inc. (SPLK) (Big data software products: machine-generated data)
- SPS Commerce, Inc. (SPSC) (Cloud-based supply chain management: retail cloud services platform; retail performance analytics)
- Square, Inc. (SQ) (IPO in November 2015: Electronic payment products and services; Square Reader and Square Register App)
- SS&C Technologies Holdings, Inc. (SSNC) (Provides cloud-based services and software to the financial services industry)
- Streamline Health Solutions, Inc. (STRM) (Computer software-based services: coding and clinical documentation, financial management, patient engagement, patient care, health information management)
- Support.com, Inc. (SPRT) (Cloud-based software and services: monetizing technology services)
- Symantec Corporation (SYMC) (Operates a civilian cyber intelligence threat network; products and services designed to protect people and information in digital environments)
- Synchronoss Technologies, Inc. (SNCR) (Cloud solutions and software-based activation for communication service providers: backup and sharing service procurement, connectivity management, content synchronization, provisioning, activation)
- Synopsys, Inc. (SNPS) (Software and hardware used in the creation of integrated circuits and electronics)
- Tableau Software, Inc. (DATA) (Software products focused on data)
- Tabula Rasa HealthCare, Inc. (TRHC) (IPO September 29, 2016: medication risk management software and solutions)
- Take-Two Interactive Software, Inc. (TTWO) (Brands include BioShock, Borderlands, Grand Theft Auto, Midnight Club, NBA 2K, Sid Meier’s Civilization, WWE 2K franchise and XCOM)
- Talend S.A. (TLND) (IPO, July 29, 2016, France: big data and cloud integration software/solutions)
- Tangoe, Inc. (TNGO) (Software and services for enterprises and service providers: connection lifecycle management)
- TeleNav, Inc. (TNAV) (Location-based platform services: automotive and mobile navigation platform; advertising delivery platform)
- The9 Limited (NCTY) (China, MMO, web and mobile games: Firefall)
- The Descartes Systems Group Inc. (DSGX) (Canada, Software-as-a-service: global logistics services)
- The KEYW Holding Corporation (KEYW)
- The Rubicon Project, Inc. (RUBI) (Automated advertising platform)
- The Trade Desk, Inc. (TTD) (IPO September 21, 2016: digital advertising platform)
- The Ultimate Software Group, Inc. (ULTI) (Cloud-based human capital management (HCM)
- Tintri, Inc. (TNTR) (IPO June 30, 2017; enterprise cloud platform)
- TiVo Inc. (TIVO) (Television: consumer software and products)
- Top Image Systems, Ltd. (TISA) (Israel: Enterprise content capture and workflow platform)
- Travelport Worldwide Limited (TVPT) (United Kingdom: travel commerce platform)
- Twilio Inc. (TWLO) (IPO June 23, 2016: cloud communications platform)
- Tyler Technologies, Inc. (TYL) (Integrated software and technology services developed for the public sector)
- Upland Software, Inc. (UPLD) (Cloud-based enterprise work management software)
- Varonis Systems, Inc. (VRNS) (Software platform: specialize in human-generated data)
- VASCO Data Security International, Inc. (VDSI) (Authentication and digital signature products; security solutions designed to secure and manage access to digital assets and protect transactions)
- Veeva Systems Inc. (VEEV) (Cloud-based software solutions for pharmaceutical and other life sciences companies)
- Verint Systems Inc. (VRNT) (Actionable intelligence solutions)
- Veritone, Inc. (VERI) (IPO May 12, 2017; AI-based cognitive computing platform)
- Vicon Industries, Inc. (VII) (Video management software; video system components)
- Vmware, Inc. (VMW) (Virtualization technologies: software-defined data center; hybrid cloud computing; end-user computing)
- Workday, Inc. (WDAY) (Enterprise cloud applications: human capital management, financial management, payroll, analytics)
- Workiva Inc. (WK) (Cloud-based data platform)
- Xunlei Limited (XNET) (China: internet platform, mobile acceleration software)
- Yext, Inc. (YEXT) (IPO April 13, 2017; digital knowledge management platform)
- Zendesk, Inc. (ZEN) (Software-as-a-Service: customer service platform)
- Zix Corporation (ZIXI) (Software-as-a-Service, business data protection and compliance: email encryption, data loss prevention)
- Zscaler, Inc. (ZS) (IPO March 16, 2018; cloud security platform)
- Zuora, Inc. (ZUO) (IPO April 12, 2018; subscription management software)
- Pegasystems Inc. (PEGA) (Strategic software applications: customer service, marketing, onboarding, operations, sales)
- Perion Network Ltd. (PERI) (Israel, Software monetization platform for digital businesses)
- Pivotal Software, Inc. (PVTL) (IPO April 20, 2018; cloud-native platform)
- Progress Software Corporation (PRGS) (Broad portfolio of products)
- Proofpoint, Inc. (PFPT) (Software-as-a-service provider, cloud-based solutions: incident response, secure communications, social media security, threat protection)
- PROS Holdings, Inc. (PRO) (Big data software company)
- PTC Inc. (PTC) (Provides software and services for manufacturing organizations; products designed to optimize business functions)
- Q2 Holdings, Inc. (QTWO) (Provides cloud-based virtual banking solutions to regional and community financial institutions)
- QAD Inc. (QADA) (Provides enterprise resource planning software to manufacturing companies)
- Quality Systems, Inc. (QSII) (Computer-based services: practice management, electronic health records, revenue cycle management, connectivity)
- Qualys, Inc. (QLYS) (Cloud security and compliance solutions: products to protect organization’s IT infrastructures and applications)
- Qumu Corporation (QUMU) (Enterprise video content management software)
- Radcom Ltd. (RDCM) (Israel: provides software and hardware products for fixed and mobile telecommunications service provider)
- RadiSys Corporation (RSYS) (Products and services for communications and content providers: operating segments include software systems, embedded products and hardware services)
- Rapid7 Inc. (RPD) (IPO in July 2015: Cybersecurity technologies; security data and analytics solutions)
- RealNetworks Inc. (RNWK) (Internet stream media delivery software: compressed audio and video formats, media player, personal cloud media service)
- RealPage, Inc. (RP) (Creates on-demand software for the rental housing industry)
- Red Hat, Inc. (RHT) (Open source software development model: cloud computing, middleware, operating systems, storage, virtualization)
- Ringcentral, Inc. (RNG) (Cloud-based phone systems for businesses)
- Rosetta Stone (RST) (Language-learning software)
- Sabre Corporation (SABR)
- SailPoint Technologies Holdings, Inc. (SAIL) (IPO November 17, 2017; enterprise identity governance solutions)
- Salesforce.com Inc. (CRM) (Enterprise cloud computing solutions: customer relationship management)
- SAP SE. (SAP) (Germany: provides enterprise application and analytics software to numerous industries)
- Sapiens International Corporation N.V. (SPNS) (Insurance software products)
- ScanSource, Inc. (SCSC) (Specialty technology products: point-of-sale, barcode, communications and physical security; applications in the retail industry and other commercial and industrial areas)
- SeaChange International, Inc. (SEAC) (Provides multi-Screen TV software and services for mobile, PC and TV screens)
- SendGrid, Inc. (SEND) (IPO November 15, 2017; digital communication platform)
- ServiceNow, Inc. (NOW) (Cloud-based service management solutions with applications in facilities, field service, finance, human resources, IT, legal and marketing)
- ServiceSource International, Inc. (SREV) (Software and services: recurring revenue and customer success management)
- Shopify Inc. (SHOP) (IPO in May 2015: software for online stores and retail point-of-sale systems)
- ShotSpotter, Inc. (SSTI) (IPO June 7, 2017; gunshot detection solutions)
- Sigma Labs, Inc. (SGLB) (3D printing quality assurance software)
- Simulations Plus, Inc. (SLP) (Modeling and simulation software used by the pharmaceutical and biotechnology industries)
- SITO Mobile, Ltd. (SITO) (Mobile engagement platform)
- Smartsheet Inc. (SMAR) (IPO April 27, 2018; cloud-based work management platform)
- Smith Micro Software Inc. (SMSI) (Enterprise and consumer software and related services)
- Snap Inc. (SNAP) (IPO March 2, 2017; Snapchat)
- Sonic Foundry, Inc. (SOFO) (Mediasite Enterprise Video Platform: Video capture, management and webcasting products and services)
- Splunk Inc. (SPLK) (Big data software products: machine-generated data)
- SPS Commerce, Inc. (SPSC) (Cloud-based supply chain management: retail cloud services platform; retail performance analytics)
- Square, Inc. (SQ) (IPO in November 2015: Electronic payment products and services; Square Reader and Square Register App)
- SS&C Technologies Holdings, Inc. (SSNC) (Provides cloud-based services and software to the financial services industry)
- Streamline Health Solutions, Inc. (STRM) (Computer software-based services: coding and clinical documentation, financial management, patient engagement, patient care, health information management)
- Support.com, Inc. (SPRT) (Cloud-based software and services: monetizing technology services)
- Symantec Corporation (SYMC) (Operates a civilian cyber intelligence threat network; products and services designed to protect people and information in digital environments)
- Synchronoss Technologies, Inc. (SNCR) (Cloud solutions and software-based activation for communication service providers: backup and sharing service procurement, connectivity management, content synchronization, provisioning, activation)
- Synopsys, Inc. (SNPS) (Software and hardware used in the creation of integrated circuits and electronics)
- Tableau Software, Inc. (DATA) (Software products focused on data)
- Tabula Rasa HealthCare, Inc. (TRHC) (IPO September 29, 2016: medication risk management software and solutions)
- Take-Two Interactive Software, Inc. (TTWO) (Brands include BioShock, Borderlands, Grand Theft Auto, Midnight Club, NBA 2K, Sid Meier’s Civilization, WWE 2K franchise and XCOM)
- Talend S.A. (TLND) (IPO, July 29, 2016, France: big data and cloud integration software/solutions)
- Tangoe, Inc. (TNGO) (Software and services for enterprises and service providers: connection lifecycle management)
- TeleNav, Inc. (TNAV) (Location-based platform services: automotive and mobile navigation platform; advertising delivery platform)
- The9 Limited (NCTY) (China, MMO, web and mobile games: Firefall)
- The Descartes Systems Group Inc. (DSGX) (Canada, Software-as-a-service: global logistics services)
- The KEYW Holding Corporation (KEYW)
- The Rubicon Project, Inc. (RUBI) (Automated advertising platform)
- The Trade Desk, Inc. (TTD) (IPO September 21, 2016: digital advertising platform)
- The Ultimate Software Group, Inc. (ULTI) (Cloud-based human capital management (HCM)
- Tintri, Inc. (TNTR) (IPO June 30, 2017; enterprise cloud platform)
- TiVo Inc. (TIVO) (Television: consumer software and products)
- Top Image Systems, Ltd. (TISA) (Israel: Enterprise content capture and workflow platform)
- Travelport Worldwide Limited (TVPT) (United Kingdom: travel commerce platform)
- Twilio Inc. (TWLO) (IPO June 23, 2016: cloud communications platform)
- Tyler Technologies, Inc. (TYL) (Integrated software and technology services developed for the public sector)
- Upland Software, Inc. (UPLD) (Cloud-based enterprise work management software)
- Varonis Systems, Inc. (VRNS) (Software platform: specialize in human-generated data)
- VASCO Data Security International, Inc. (VDSI) (Authentication and digital signature products; security solutions designed to secure and manage access to digital assets and protect transactions)
- Veeva Systems Inc. (VEEV) (Cloud-based software solutions for pharmaceutical and other life sciences companies)
- Verint Systems Inc. (VRNT) (Actionable intelligence solutions)
- Veritone, Inc. (VERI) (IPO May 12, 2017; AI-based cognitive computing platform)
- Vicon Industries, Inc. (VII) (Video management software; video system components)
- Vmware, Inc. (VMW) (Virtualization technologies: software-defined data center; hybrid cloud computing; end-user computing)
- Workday, Inc. (WDAY) (Enterprise cloud applications: human capital management, financial management, payroll, analytics)
- Workiva Inc. (WK) (Cloud-based data platform)
- Xunlei Limited (XNET) (China: internet platform, mobile acceleration software)
- Yext, Inc. (YEXT) (IPO April 13, 2017; digital knowledge management platform)
- Zendesk, Inc. (ZEN) (Software-as-a-Service: customer service platform)
- Zix Corporation (ZIXI) (Software-as-a-Service, business data protection and compliance: email encryption, data loss prevention)
- Zscaler, Inc. (ZS) (IPO March 16, 2018; cloud security platform)
- Zuora, Inc. (ZUO) (IPO April 12, 2018; subscription management software)
Risks & Considerations
Rapid AI Obsolescence
The pace of LLM development means software features that are "cutting edge" today could be commoditized or replaced by open-source alternatives within months.
High Multiple Sensitivity
Software stocks often trade at high revenue multiples. Even slight misses in growth or ARR guidance can lead to rapid 20-30% valuation resets.
Customer Acquisition Costs (CAC)
Intense competition in the SaaS market can drive up marketing expenses, potentially leading to negative net margins even as top-line revenue expands.
Regulatory & Data Sovereignty
New global laws regarding AI training data and cloud storage location can force expensive structural changes on enterprise software providers.
These risk factors are for educational purposes only and are not exhaustive. Individual investment decisions should be based on thorough due diligence.
Frequently Asked Questions
Apple ($3.83T), Alphabet ($3.82T), and Microsoft ($2.76T) lead the global software rankings in 2026. Enterprise giants like Oracle ($397B) and Salesforce follow closely in the trillion-dollar orbit.
Palantir (PLTR), NVIDIA (NVDA), and Palo Alto Networks (PANW) are current leaders. Palantir's inclusion in the S&P 500 has solidified its status as a premier AI analytics play.
SaaS companies like AppLovin are valued on revenue multiples (often 12-15x) and ARR growth. Traditional enterprise firms like Oracle are valued more heavily on free cash flow and P/E ratios.
Yes, the global market for the top 20 software firms exceeds $1.2T. The AI subset alone is projected to represent over $500B of that total value as enterprise adoption accelerates.
As of April 2026, Palantir (PLTR) has a market capitalization of approximately $306B. Its momentum is largely driven by large-scale government and commercial AI integration contracts.
Palo Alto Networks ($127B) remains a dominant force. The sector is seeing strong momentum as AI-driven cyber threats force enterprises to upgrade their protection software.
While most software firms prioritize growth, mature players like IBM ($216B, 2.71% yield) and Oracle provide stable payouts to shareholders.
AI-integrated platforms are seeing Annual Recurring Revenue (ARR) growth as high as 45%. This is significantly higher than the traditional SaaS growth average, reflecting high demand for automation.
Last updated April 2026 · Data sourced from U.S. exchange filings