Wilcom is the commercial gold standard. Deep object-based editing, best-in-class satin tools, and file compatibility with everything. Expensive.
Pulse (by Tajima) is the direct commercial competitor. Comparable depth, strong on cap and 3D puff, tightly integrated with Tajima machines.
Hatch is Wilcom's home/pro-sumer sibling. Feature-rich, easier learning curve, subscription pricing.
Embrilliance is a modular Mac and Windows suite popular with home shops. Excellent for lettering and adjustments, more limited for from-scratch commercial digitizing.
Ink/Stitch is an open-source Inkscape extension. Impressive for a free tool, viable for hobbyist work, not a commercial replacement.
The best software is the one you use every day. Any of these can produce professional work in the right hands.