I think that one of the most promising areas of the market to invest in at the moment is the tech sector.
In this area there are a good number of companies with the potential to grow strongly over the next decade and generate outsized returns for shareholders.
Three ASX tech shares that I think are worth considering are listed below. Here's why I like them:
Bravura Solutions Ltd (ASX: BVS)
Bravura Solutions is a fast-growing provider of software products and services to the wealth management and funds administration industries. It has really caught the eye over the last couple of years thanks to the increasing popularity of its Sonata wealth management platform. Sonata has underpinned strong earnings growth for Bravura and doesn't look like slowing down any time soon. This should be complemented by recent acquisitions that look set to give Bravura new avenues for growth in industries benefiting from structural tailwinds.
Xero Limited (ASX: XRO)
One of my favourite tech shares on the local market is Xero. It is one of the globe's leading cloud-based business and accounting software providers. Xero recently reported its first half results and revealed further impressive growth in sales. This was driven by strong customer growth and its sky high retention rate. I believe the latter demonstrates both the quality and stickiness of its platform.
Zip Co Ltd (ASX: Z1P)
Another tech share to consider buying is Zip Co. I've been very impressed with the performance of the buy now pay later provider and feel confident its strong growth can continue for some time to come. Especially given its international expansion and the ever-increasing customer and merchant numbers on its platform. One notable merchant addition is Amazon Australia. This could be a very lucrative arrangement and drive solid underlying sales growth in the coming years.
