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Despite the global pandemic, the year 2020 was great for tech stocks. They outperformed the broader market and the entire sector was up about 40 percent in the calendar year. While no one can be sure these stocks will perform the same this year, they’re still a great opportunity for any investor out there. Why? Well, the rapid digitalization of shopping and new solutions for communication and entertainment that the pandemic moved in high gear are just some of the reasons. With that said, let’s check out some of the best techs to invest in this year.

Virtual reality (VR)

Not so long ago, VR technology has hailed as the next big thing. While the tech does look nice, it has failed to live up to the expectations. Expensive headsets and a lack of content have led to the excitement fizzling out. However, many companies have decided to stick to VR and are making good progress when it comes to developing this tech. For them, the opportunity has never been better. This is especially the case because experts in various industries are coming up with ways to introduce VR into their operations. For example, real estate agents now rely on this tech to give their clients virtual tours. Similarly, VR is slowly being introduced into education, industrial manufacturing, and many other industries. Facebook has been the leader in the VR industry, ever since they purchased Oculus in 2014. They’ll look to improve their VR experience in 2021, making them the top contender. Some other stocks to consider include Qualcomm, Snap, and Sony Corp.

Cloud computing

Cloud storage has been a huge trend pretty much the whole last decade. The tech has affected everyone from individual users to large companies. It’s just that having the ability to access your files from anywhere you want makes everything so much easier. In the wake of the pandemic, growth in the sector is expected for 2021 and beyond. By 2024, 14 percent of IT spend will go to cloud storage. This is a significant increase from 9 percent in 2020. This trend will impact all companies in the sector with some of them looking like the biggest winners. Dropbox is, without a doubt, one of them. The company went from 14 million paying users to 15.25 million in just a year. The overall number of users across 180 countries sits at 600 million. Although operating in a highly competitive industry, Dropbox will perform well and is definitely an option worth considering when it comes to tech stocks.

Green technology

We’ve been seeing significant increases in the green tech industry for quite a while. The entire world is realizing just how important going green is and we keep seeing new eco-friendly technologies emerging. 2020 was a great year for companies in the sustainable space. We got to witness some major progress from Tesla and Workhorse in the electric vehicle sector. Moreover, businesses that focus on battery supply chains and renewable energy assets have made some huge steps as well. 2021 will make the industry an even more attractive investment opportunity. Some issues remain when it comes to green technology and investors have to be aware of them. Green energy is being sold back to the grid but getting more than 10 percent of capacity back to it is extremely tough. This is why software solutions that take existing green technologies to the next level are your safest green tech investment option this year.

Online casino software

For quite a while, casino enthusiasts have been migrating to the web. This is because they find playing online more convenient than having to visit local casinos. The pandemic has just accelerated this migration and now, there are more online casino players than ever. The entire iGaming industry has done well in 2020 and we can only assume the trend will continue this year. If you thought that’s all, you’re wrong. Much more has been going on in the industry than just having the number of players increase. An increased number of players has led to iGaming providers stepping up their game in numerous ways. For example, they continue to improve the gambling software they use and offer a better experience to their customers. Similarly, we got a chance to see some new slots and other online casino games emerge. Even when traditional casinos reopen, people will likely continue to play online. This makes online casino software stocks an attractive option for investors.

Medical software

We talked about the COVID-19 pandemic earlier, and we’ll have to talk about it more. The year 2020 showed us how important it is to find solutions to hygiene and healthcare issues. A lot of these problems can be solved with carefully designed software. For instance, just look at Healthily – a new app that enables self-care during the pandemic. It helps you find understandable and accurate health information in times like this. Digital healthcare will continue to be a huge focus in 2021. Startups will continue to look for tech solutions for hygiene and healthcare, and the sector will do well. Although the pandemic still has its hold, now seems like the perfect time to invest in medical software startup stocks. Also, the demand for wearable medical devices will continue to increase, as more people are doing everything they can to stay healthy.

Wrap up

Last year was one of the weirdest years in history. This has affected the investment world in numerous ways. Some tech sectors continued to impress while new ones emerged out of nowhere. If you’re looking to buy tech stocks in 2021, consider the five options we covered in this post.