Although the United States share market may be home to many of the world's biggest tech companies, the local market certainly is no slouch.
Two tech shares with global ambitions that I think could have a strong 2018 are listed below. Here's why I like them:
Aconex Ltd (ASX: ACX)
I think this cloud collaboration software-as-a-service company could beat the market in 2018 due to the growing popularity of its software in the construction industry. Furthermore, I believe demand could increase significantly next year if there is an uptick in construction activities in North America following this year's natural disasters and Trump's proposed infrastructure upgrades. Its shares may be expensive, but I believe it will grow into its valuation as it scales.
Altium Limited (ASX: ALU)
Global tech giant Cisco estimates that there will be upwards of 500 billion devices and objects connected to the internet by 2030. Almost all of these devices will have a printed circuit board (PCB) inside it. These circuit boards come in all shapes and sizes and need to be designed specifically for each device. I believe this means that Altium's PCB design software will experience strong growth in user numbers over the next couple of decades, making it one of the better buy and hold investment options today.
