Where to start with the rapid growth of the tech industry?
Many have debated that the roof of the technology sector has been reached in the last few years. With the visible continued development and growth, investors can all see that the technology revolution is only starting.
The leading companies in the tech industry aim to evolve by updating different sectors of the industry. While AI is the focal talk point at the moment, other leaders in green energy and the Internet of Things are taking great leaps to improve and excel within their realm.
Many starting investors stated that they have missed the opportunity to gain financially from the rapid growth. This, however, is not true. The leading companies within the industry have announced that the growing sector of technology is only at the starting phase.
The Growth and Development in the Last Year
There have been doubts about the industry and whether or not they will grow as much as they have over the years. The massive layoffs that many companies have seen created doubts among specialists in the technology sector.
The layoffs have been, according to a specialist, due to the pandemic. Covid caused a lot of companies to have expenses such as extra working computers, wifi routers, and other office necessities that were sent to all staff working from home.
With light at the end of the tunnel, tech companies have realized that they have the opportunity to grow the industry at a rapid pace, which will create the same job opportunities that once were available within the industry.
With the use of virtual events and many other online platforms, tech companies can grow sectors within the industry by improving their online usage.
There has been a massive dollar investment from outside sources into technology development. And according to the U.S. Bureau of Labor Statistics, the occupation within the technology sector will grow another 15% by 2021.
The key factor to consider is that this sector consists of more than just AI or the social media platforms we use daily.
The Four Leading Tech Companies
There are a few industry leaders that small investors can focus on. These companies are leading the technology revolutions and working to create a stronger and better future for all.
These four giants are not all solely honed in on AI but focus on cybersecurity, cloud development, green energy, and the Internet of Things.
Microsoft (MSFT: NASDAQ)
Microsoft is well known for its resilience and 40 years of running. Microsoft revenue has been up by 12%, reporting an increase of $51.9 billion. The company focuses on more than just building computers. 70% of organizations use their cloud service provider.
Microsoft takes pride in its ability to increase and enhance the use of digital technology. The organization offers multiple software solutions. These solutions are targeted to businesses to improve the way companies enhance their companies.
Brookfield Renewable Corp. (BEPC: NYSE)
Brookfield Renewable is a company that strives to produce green energy that will change the way the world thinks. The organization makes use of hydroelectric, wind, and solar power plans to produce clean energy.
Brookfield Renewable Corp is actively functioning on five continents. The team takes pride in its ability to generate and produce approximately 25 400 megawatts. The compy aims to develop stations that will increase their production to 110 000 megawatts of renewable energy.
It is safe to say that the organization is not yet where they want to be; this, however, is a great sight for investors. The business is bound to grow as the technology sector enhances its capacity.
Nvidia Corporation (NVDA: NASDAQ)
Nvidia is well-known in the computer industry. The company developed and created the very first graphics card named GPU. The organization is growing at a rapid pace. This allows the business to diversify its expertise, such as video games and the use of AI to create self-driving cars.
The company is moving forward by focusing on the potential that technology offers to not only businesses but to the individual that enjoy technology at home. The company had many failures in the past but showed its resilience by increasing not only its profit value but its stock value as well.
Palo Alto Networks Inc (PANW)
Palto is a cybersecurity provider which enables enterprises, service providers, and government entities to have a secure platform. The platform will keep all data, applications, networks, and devices linked to it safe from cybercrime.
As technology grows, the opportunity for crime and theft grows. The organization aims to reduce cybercrime and ensure that all data is safe with them.
With the technology revolutions on the rise and all industry leaders taking charge, this organization is prioritizing safety. This will allow all consumers to enjoy the developments at a safe pace.
The company is not stopping anytime soon and is looking into multiple avenues to improve and grow its business.
Final Thoughts
The technology industry can be seen as one of the most saturated markets in the U.S. This should not prevent investors from investing in technology. The industry is growing at a rapid pace, and the leading companies are taking charge.
The technology revolution is on us, and we can either shy away from the opportunities or indulge in the future that can be developed by technology. Industry leaders are proving that the best way forward is to indulge in the possibilities that technology brings to the table.