The industry participants use the SaaS-based cloud computing model to deliver solutions to end-users as well as enterprises. Industry participants offer multi-cloud application security and delivery, social networking, online payment and 3D printing applications and solutions. The Zacks Internet Software industry comprises companies offering application performance monitoring as well as infrastructure and application software, DevOps deployment and Security software. This is expected to hurt top-line growth in the near term. However, a number of industry participants are dependent on advertising spending by customers, which is expected to remain sluggish compared with pre-COVID levels. Industry participants like Pinterest, New Relic and Materialise are gaining from accelerated demand for social networking, cloud and digital services. Moreover, the high demand for SaaS due to the increasing need for remote working, learning and diagnosis software as well as cybersecurity applications has been a major driving factor amid the disruptions caused by the coronavirus outbreak. ![]() ![]() The Zacks Internet Software industry is benefiting from accelerated demand for digital transformation and the ongoing shift to the cloud.
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