Top 5 UK Tech Investments
January 31, 2022 (Investorideas.com Newswire) After some rocky years of uncertainty, heading into 2022 may feel a bit intimidating for those of us looking to place tech investments this year. Unfortunately, it's impossible not to mention the impact of the continued covid pandemic both in general as well as specific terms when it comes to eyeing up the markets for clever investment options. The challenge remains much as it did last year, however, in that it is still unclear whether or not the pandemic has reached the beginning of its end. Nevertheless, when the only certainty is continued uncertainty, that too is a form of insight and some options do present themselves. Below we consider five key areas of promising potential tech investments this year.
Online banking had an extraordinarily good year 2021, building on a trend that first emerged in 2020. Last year saw extremely impressive growth from companies like Revolut, Monzo and Zopa, all looking to stake a greater claim to the online bank and digital wallet market. And there is some very good reason for pursuing this space - a recent American study found that four in five customers would rather handle their financial affairs digitally than in person. Similar trends are emerging all over the world, and while this preference is expressed both in terms of browsers over visits to physical locations, it applies perhaps doubly so to app-based banking options. The long-term movement in the tech space towards immediate and easy access to all digital services means that banking services cannot afford not to provide solid apps to support their business. For this reason, we recommend looking to invest only where you judge there to be an extremely solid and mobile digital infrastructure to the service.
Online Casino Industry
One industry that has capitalised on the rapid shift to digital that occurred over the last couple of years is online gambling. In particular online casinos have seen a soaring rise in popularity, and most popular of all have been sites where you can play online slot games. While part of this huge increase in traffic can be explained by customer behaviour shifting away from physical locations to digital ones, perhaps an even more important factor has been the rapid innovation of tech in the sector. In recent years, online casinos have truly made the most of improvements to graphic cards of home computers and mobile devices, and some of the best-performing companies are those that have focused their development on exciting and impressive visuals as well as the broader gaming experience.
Perhaps it's an obvious recommendation, but the communication sector is extremely likely to see continued and rapid growth during 2022. The sudden demand for communication services such as digital infrastructure for remote learning and professional meetings, as well as for meal and shopping deliveries, has driven up the value of many companies in this area. Keeping a keen eye on rising stars providing these kinds of services will likely be hugely rewarding this year.
The last few years have also been huge ones for the video game industry. While investment into this space will likely see less profit than other riskier ventures, it should still be considered by virtue of the stability and predictability of the market. There is nothing about our current trends that suggests the market growth of this sector will decrease in the coming years. On the other hand, recent activity of tech giants like Microsoft acquiring Activision in January has caught the attention and interest of many. The staggering $68.7 billion deal caught many by surprise and has seen shares across the sector react positively.
Information and Analytics
Recent years have only seen the dominance and importance of big data continue to rise. While data collection services themselves have historically been solid investments, a gradual shifting trend of value has occurred into the adjacent space of data analytics. It seems that these days the greatest profits can be made on investments into analytics companies such as RELX rather than companies with a greater focus on big data collection. Globally, the industry is expected to grow to around $450 billion in the next five years.
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