The software sector is undergoing a large-scale structural transformation. As AI-native and agentic architectures emerge, the industry is shifting from selling products to delivering outcomes. This transition demands incumbent software leaders move beyond incremental updates toward a fundamental "refounding" to capture value in this new paradigm.
Brian Cayne and Joe Porter, global co-heads of Software Investment Banking, discuss the strategic decisions required to lead in this new era.
Six Questions Shaping the Software Landscape:
How are software leaders navigating AI disruption?
Is the "deflation of software" real — or a repricing of uncertainty?
Where will value accrue in the AI-native software stack?
How will software M&A strategy change in the AI era?
How is AI digitizing the physical world beyond SaaS?
How are software companies strategically positioning to stay competitive?
Redefining Software for an Outcome-Driven Future
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