3 Tech Stocks Riding the Wave to Success

The global tech market thrives on digitization, agility, and remote work trends, fostering diverse industry growth. Therefore, investors could consider buying fundamentally strong tech stocks Knowles Corporation (KN – Get Rating), Proto Labs, Inc. (PRLB – Get Rating), and Hackett Group Inc. (HCKT – Get Rating) to ride the wave to success.

The global tech industry benefits from digital transformation, remote work tools, and growing cloud service adoption. The pandemic heightened the need for digitalization, driving demand for IT services.

In addition to the pandemic-induced changes, innovation, emerging technologies like Artificial Intelligence (AI) and 5G, and a constant quest for efficiency and connectivity are the driving forces behind the continuous growth and evolution of the global tech industry.

Moreover, the growth trajectory of the tech outsourcing market is propelled by heightened demand across sectors like BFSI, healthcare, and manufacturing. Factors such as increased digital strategy adoption, business continuity imperatives, and the expanding small and medium enterprises sector contribute significantly to market expansion.

The U.S. IT outsourcing market is projected to reach a revenue of $167.90 billion in 2023, with a CAGR of 10.7% from 2023 to 2028 to reach $278.70 billion by 2028. Globally, revenue in the market is expected to reach $460.10 billion this year, and it is anticipated to expand at a CAGR of 11.1% to reach $777.70 billion by 2028.

Furthermore, embracing AI and shape-morphing systems, with FDM as a popular technology, the 3D printing industry is rapidly advancing. Significant cost savings, a projected 17% market growth in 2023, and a shift toward…

Continue reading at STOCKNEWS.com

 

You May Also Like

About the Author: admin