The tech industry is witnessing rapid growth due to the increasing adoption of emerging technologies and growing demand for cloud-based solutions cross diverse industries. Given the favorable industry trends, quality tech stocks Knowles Corporation (KN), Spirent Communications plc (SPMYY), and Ceragon Networks Ltd. (CRNT) look poised to outpace the market this month.
The growing popularity of cloud-based software and the rising inclination to automate business processes are continuously increasing the demand for IT services worldwide. Cloud-based IT services are experiencing rapid growth among SMEs and are expected to capture more than 80% of the market share by 2025.
