The shift toward cloud-based software and increased digitalization across industries have heightened the demand for technology products and services, benefiting tech companies. Thus, investors could consider buying fundamentally sound tech stocks, Zoom Video Communications, Inc. (ZM), Dropbox, Inc. (DBX), and Leidos Holdings, Inc. (LDOS), at a bargain now.
The global demand for IT services is steadily rising due to the growing preference for cloud-based software and the increased focus on automating business operations. Cloud-based IT services have been experiencing rapid growth among SMEs since 2022 and are expected to capture more than 80% of the IT services market by 2025.
