This Segment of Tech Stocks Will Outpace the Rest Over the Next 4 Years
Technology stocks have been the must-own sector for more than a couple of decades now. That's not apt to change in the foreseeable future either.
If you think one technology stock is as good as another though, think again. They can be dramatically different when it comes to growth prospects, and enterprise software companies like Microsoft (NASDAQ: MSFT) and ServiceNow (NYSE: NOW) are poised to outgrow other tech names for the foreseeable future.
That's the call from technology market research outfit Gartner (NYSE: IT) anyway, which recently posted its long-term IT spending outlook. The organization believes global tech spending will improve by 9% year over year in 2021, led by more than a 13% swell in software outlays. Unlike other technology arenas, however, enterprise software sales will remain abnormally brisk through 2025.
Source Fool.com
