Information Technology
The information technology sector has been one of the leading industries with great potential for growth and innovation. This industry offers various investment opportunities from different IT categories, including computer software or electronics, business data processing providers, technological service companies, computer hardware manufacturers, and more. Some examples of these companies include Google, (GOOG), Facebook (FB), Apple, (AAPL), and Microsoft (MSFT).
Countless innovations are created in the digital field. According to a report by Meticulous Research published in February 2020, the digital transformation market has a 22.7% compound annual growth rate (CAGR) as of 2019 and it is projected to reach $3,294 billion by 2025.
As of July 2020, 59% of the world’s population are active internet users. This means that 4.57 billion people all over the globe are connected through the internet and technology. It’s safe to say that the IT sector will continue to grow for years to come.
