If you're looking to add some tech shares to your portfolio in July, then I think the three listed below could be the ones to consider buying.
Here's why I think these ASX tech shares could be destined for big things:
Altium Limited (ASX: ALU)
Altium is the printed circuit board (PCB) design software provider behind the popular Altium Designer platform. This award-winning platform is used by almost 50,000 users to effortlessly connect with every facet of the PCB design process. PCBs are found inside almost all electronic devices and are vital to connectivity. Given how 5G internet is supporting the rise of connected devices globally, demand for its software looks set to grow strongly over the next decade. I expect this to drive strong earnings growth once the pandemic passes.
Nearmap Ltd (ASX: NEA)
Another tech share that I would consider buying is Nearmap. It is a leading aerial imagery technology and location data company. Its software allows users to move location analysis out of the field and into the office. This gives businesses the tools to scale quickly and efficiently. I think Nearmap could have a bright future ahead of it due to its lucrative opportunity in a highly fragmented market. And thanks to recent product launches, I'm confident the company will grow its market share in the ANZ and North America markets in the coming years and drive strong sales growth.
NEXTDC Ltd (ASX: NXT)
A final tech share to consider buying is NEXTDC. I believe the innovative data centre operator is perfectly positioned to capitalise on the ever-increasing amount of data being generated by consumers and businesses. This consumption is likely to increase strongly in the future as more software moves to the cloud and 5G internet adoption grows. As a result, I expect demand for capacity at its world class centres will be strong for many years to come. This should drive above-average earnings growth as it scales.
