More than 100 public software companies are getting 'squeezed' by AI, according to a new study

iStock; Rebecca Zisser/BI

• Generative AI is reshaping enterprise software, challenging traditional SaaS models.
• AI agents are evolving from assistants to core applications, impacting mid-market companies.
• Mid-size SaaS vendors face pressure from AI-native startups and tech giants like Microsoft, AlixPartners says.

A foundational shift is underway in enterprise software, and it's being driven by generative AI.

The rise of reasoning models and AI agents...