After a year of poor performance across the industry, software companies are expected to return to normal by 2022, Zhitong Financial APP has learned. For companies that are growing better than expected and can take advantage of emerging products, this year "will eventually prove worthwhile", says Wells Fargo & Co. Wells Fargo & Co said that this year can focus on three major software themes, related companies are expected to benefit.

Wells Fargo & Co analysts believe that one of the themes that can be paid attention to this year is that the "current" software industry leaders will "strengthen the moat" due to factors such as scale and willingness to integrate. "in our view, the end result may be 'the rich get richer' and multiple large software platforms will benefit."

Wells Fargo & Co's top software companies this year include$Microsoft Corp (MSFT.US) $和$Workday (WDAY.US) $。

Wells Fargo & Co analysts said Microsoft Corp's market position is solid, thanks to the company's advantages in operating systems and core productivity applications.

Workday is known as the market leader in human capital management (HCM) software, "meeting the needs of both the Chief Human Resources Officer (CHRO) and the Chief Financial Officer." Wells Fargo & Co said that some companies want to buy complete financial planning and employee management software, and Workday will also benefit from it.

Wells Fargo & Co said that another theme driving the development of the software industry this year is that the labour shortage will lead to more demand for automated services. This is largely due to the fact that the epidemic has led to "a shortage of labor resources, pushing up labor costs, especially for technical and professional personnel."

Wells Fargo & Co will$UiPath (PATH.US) $Listed as the preferred stock in the automation software industry, it says it "provides the broadest range of automation features on the market". This is particularly important, according to Wells Fargo & Co analysts, as companies strive to automate front-and back-office workflows, especially when the labour market is tight. Analysts also upgraded UiPath's rating to "overweight" from "in line with the market".

The third software theme that Wells Fargo & Co is looking forward to this year is that "the new data paradigm" will become the focus. This may be due to a series of changes in regulations around data, giving rise to new requirements for data infrastructure, including data collection, transmission, management, and governance.

Wells Fargo & Co said$ZoomInfo (ZI.US) $It is the preferred stock in its data software industry because it provides association and search technology, data-as-a-service, buyer intention and session intelligence software. The company's software platform provides high-quality data services for marketing and recruitment teams.

It is reported that at the end of December last year, Morgan Stanley analyst Keith Weiss said that by 2022, the data management market may become Microsoft Corp's main area of concern.