52 companies from the top 100 software list mapped to their destruction tier. The rest fall in contested zones between categories.
Tier 1 — Dead on Arrival (8 companies · ~$80B · 0-18 months)
Direct replacement. The agent becomes the product.
- #11 Intuit — $19.4B
- #39 Zoom — $4.8B
- #55 DocuSign — $3.2B
- #58 HubSpot — $3.0B
- #60 NICE — $2.9B
- #71 Dropbox — $2.5B
- #87 Unity — $1.8B
- #98 UiPath — $1.6B
Tier 2 — Under Siege (15 companies · ~$140B · 18-48 months)
Seat compression. Software stays, revenue per unit drops 70-90%.
- #7 Salesforce — $40.3B
- #9 Adobe — $23.8B
- #13 ServiceNow — $13.3B
- #15 Shopify — $10.7B
- #17 Workday — $9.2B
- #22 Autodesk — $6.9B
- #29 Toast — $5.9B
- #30 AppLovin — $5.5B
- #31 Atlassian — $5.5B
- #36 OpenText — $5.2B
- #38 Twilio — $4.9B
- #45 Snowflake — $4.4B
- #75 MongoDB — $2.3B
- #82 Paycom — $2.0B
- #89 Pegasystems — $1.7B
Tier 3 — Fortress (25 companies · TAM Expands)
Data gravity, regulatory, and network effect moats. Picks and shovels for the agent era.
- #1 Apple — $435.6B
- #2 Google — $385.5B
- #3 Microsoft — $305.5B
- #4 IBM — $65.4B
- #5 Oracle — $61.0B
- #6 SAP — $40.8B
- #8 Schneider — $39.7B
- #10 ADP — $21.2B
- #12 Leidos — $17.3B
- #14 Constellation — $11.1B
- #16 Palo Alto — $9.6B
- #19 Synopsys — $7.1B
- #25 Fortinet — $6.6B
- #26 Wolters Kluwer — $6.2B
- #35 Cadence — $5.2B
- #43 CrowdStrike — $4.6B
- #47 Palantir — $3.9B
- #54 Datadog — $3.2B
- #57 Veeva — $3.1B
- #61 Okta — $2.8B
- #63 Zscaler — $2.8B
- #68 Check Point — $2.7B
- #80 FICO — $2.1B
- #81 Cloudflare — $2.0B
- #86 Dynatrace — $1.9B
Tier 1 dies. Tier 2 compresses. Tier 3 expands.
Read the full analysis on The Business Engineer
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