Finding an ASX share capable of growing strongly for many years can lead to outsized returns.
The challenge is identifying businesses with plenty of room to expand and the ability to turn that opportunity into rising revenue and earnings.
I think the three ASX shares below have that sort of potential, which is why I would be happy to buy them and hold for the next decade.
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SiteMinder Ltd (ASX: SDR)
In many respects, a hotel room is perishable inventory. When a room sits empty tonight, the hotel cannot sell that same night next week. Operators therefore need to reach the right guests, appear across multiple booking channels, and adjust prices as demand changes.
SiteMinder provides the technology behind those decisions. Its platform helps hotels distribute rooms, take direct bookings, manage pricing, process payments, and understand where demand is coming from. More than 53,000 hotels currently use the company's technology across 150 countries.
The Smart Platform is also changing how the ASX share earns revenue. The company can make more money when hotels generate more bookings and use additional services, giving it room to grow revenue from existing customers.
In the first half of FY26, annual recurring revenue increased by 27.4%, while adjusted EBITDA more than doubled.
Travel will remain cyclical, and competition across hotel software is considerable. I still think SiteMinder has a long opportunity ahead as independent hotels replace disconnected systems with broader commerce platforms.
Catapult Sports Ltd (ASX: CAT)
Professional sports organisations spend enormous amounts recruiting, training, and retaining athletes.
Catapult stands to benefit from this. It helps teams get more from that investment through wearable technology, video analysis, performance data, and tools used by coaches and support staff.
I think the next stage of Catapult's growth can come from selling more solutions to each customer.
A football club that begins with athlete monitoring may later add video, tactical analysis, scouting, or strength-training products. Each additional product can make Catapult more closely embedded in the club's operations.
That strategy gained momentum in FY26. Annualised contract value rose 28% to US$133.8 million, while the number of professional teams using multiple Catapult solutions increased by 62%.
Catapult still needs to turn its improving economics into sustained profits. But I think the combination of recurring revenue, high customer retention, and more spending per team gives it a strong chance over the next decade.
TechnologyOne Ltd (ASX: TNE)
TechnologyOne sells software that organisations cannot casually switch off.
Councils use it to manage property rates, finances, payroll, assets, and community services. Universities rely on it for student records and timetabling, while government agencies use its systems for critical administrative work.
Once that software is integrated across an organisation, the relationship can last for years.
TechnologyOne reported 17% annual recurring revenue growth to $598 million in the first half of FY26. Customer retention remains above 99%, and management is aiming for more than $1 billion of annual recurring revenue and AI revenue by FY30.
I also like how the company is approaching artificial intelligence. This could give its already positive long-term outlook an extra lift over the next decade.
The company's valuation regularly reflects high expectations, so disappointing growth could produce sharp share price falls. Even so, its record of innovation, recurring revenue, and expansion into the UK makes it an ASX share I would happily hold for 10 years.
Foolish takeaway
A decade gives these companies time to deepen customer relationships and prove that their platforms can support much larger earnings.
I would expect volatility, particularly from SiteMinder and Catapult, while TechnologyOne's premium valuation creates its own challenge.
What keeps me interested is the way these businesses are developing. Customers are using more products, recurring revenue is growing, and each company has room to expand beyond its current base.
I would buy all three with sensible position sizes and give their businesses time to shape the investment outcome.
