One area of the Australian share market which I am especially bullish on is the tech sector.
I believe there are a good number of companies in this sector that have the potential to grow materially over the next decade.
With that in mind, here are three top ASX tech shares to look closer at:
Bravura Solutions Ltd (ASX: BVS)
The first tech share to consider buying is Bravura Solutions. It is a provider of software products and services to the wealth management and funds administration industries. Although its growth is likely to be stifled in the short term by the pandemic, I believe it has the potential to grow materially over the next decade. This is thanks to the sizeable market opportunity of its hugely popular Sonata wealth management platform and recent acquisitions. The latter have opened the door to new and lucrative markets.
NEXTDC Ltd (ASX: NXT)
Another tech share to consider buying is NEXTDC. It is Asia's most innovative Data Centre-as-a-Service provider. NEXTDC is building the infrastructure platform for the digital economy, delivering the critical power, security and connectivity for global cloud computing providers, enterprise, and government. Due to the cloud computing boom, I believe demand for NEXTDC's data centre solutions and connectivity services will increase significantly over the next decade.
Pushpay Holdings Group Ltd (ASX: PPH)
A final tech share to consider buying is Pushpay. It is a fast-growing donor management platform provider for the faith, not-for-profit, and education sectors. Pushpay has been growing its market share in the United States at a rapid rate. This has led to stellar recurring revenue growth over the last few years, even during the coronavirus pandemic. Pleasingly, thanks to the quality of its offering and the acquisition of church management system provider Church Community Builder, I believe it is well-positioned to continue this positive trend for many more years to come.
