The ASX share market may not be home to global tech giants Google and Apple, but a broad range of quality niche ASX tech shares have emerged over the past few years.
Here we examine 3 of these companies, that are all in my buy zone right now.
3 quality ASX tech shares to buy
WiseTech Global Ltd (ASX: WTC)
WiseTech Global develops and supplies software solutions to the global logistics industry. It has evolved to become a world leader in this field, with a customer base spanning 150 countries.
The WiseTech Global share price has grown strongly from when it was first listed on the ASX, back in November 2016. Since then, its share price has risen from $3.89, and is now trading at $21.23. That's more than a five-fold increase.
More recently, the WiseTech Global has lost some ground during the coronavirus pandemic. However, I believe the long-term prospects of WiseTech Global remain strong. I am confident that WiseTech Global is well-placed to tap into a growing global logistics market over the next decade.
Afterpay Ltd (ASX: APT)
Buy now, pay later provider Afterpay has been on a fast-growing expansion strategy over the past few years. Despite increasing competition from the likes of Openpay Group Ltd (ASX: OPY) and Zip Co Ltd (ASX: Z1P), Afterpay appears to have established a position as the largest local provider in this growing market.
Afterpay is now focusing heavily on growing its operations overseas. In late May, the company reached the milestone of 5 million customers in the US market. A fast growth in its customer base has translated into very strong share price growth in recent months. The Afterpay share price has risen from $8.90 in late March to now be trading at $70.90.
Megaport Ltd (ASX: MP1)
Megaport provides a 'network as a service' offering that enables enterprises to increase or decrease their fixed broadband bandwidth according to individual requirements.
This ASX tech share continues to grow its diverse customer base across the Asia Pacific, Europe and North America regions. Recent revenue growth has been very strong. Total revenue increased by 70% during the first half of FY 2020. The Megaport share price has risen strongly over the past 12 months from $6.76 to currently be trading at $13.41.
Foolish Takeaway
WiseTech Global, Afterpay and Megaport are 3 ASX tech shares that are all in my buy zone right now. All three companies have strongly established positions in the market niches and strong 5-year growth prospects.
