2018 turned out to be extremely fruitful when it comes to technology stocks and there’s no doubt things will be the same next year. We saw a large number of companies grow quite a lot in the past 12 months and taking some time to think about which tech companies we’ll be eager to watch in 2019 is a good idea. That being said, we compiled a list of top 10 tech companies you might want to keep an eye on.
This South Korea-based tech company experienced an enormous growth in the past decade and it’s safe to say it’ll dominate 2019 as well. Samsung Electronics is traded on both Asian and European exchanges and it’s valued at $300 billion. The company is well known in the mobile business but it also sells TVs, appliances, laptops and security systems.
Alibaba Group Holding
There’s no need to say that e-commerce is huge right now. People prefer to buy things online and have them delivered at their doorstep. As a result, China’s biggest e-commerce company Alibaba Group Holding turned out to be a real growth machine as its revenue increased from $8.6 billion in 2014 to $37.8 billion in 2018. It’s also important to note that Alibaba Group Holding is starting to get into physical retail as well.
Adobe is a software maker that is best known for designing programs used for design and photo-editing. Experts in this company are continuously working on improving their software and 2019 might just be the year when their work gains even more attention. The company is based in the United States and its revenue in the third quarter of 2018 stands at $2.29 billion.
Online casino industry
In the past 5 years, online casino industry has experienced a massive growth. As the technology keeps advancing, the entire industry is getting a new shape and chances are we’ll see a lot from it in 2019. And with more and more online casino software available, plenty of online casinos are expected to exceptionally well in the next 12 months.
Tata Consultancy Services
India’s biggest tech company Tata Consultancy Services operates in 46 countries and has shown a remarkable growth in 2018. In April, it became the first ever Indian IT company to breach $100 billion and we can for sure expect it to grow even more in 2019. It should also be noted that in March, Tata Sons decided to sell stocks of Tata Consultancy Services in bulk for $1.25 billion.
Ever since the 90s Microsoft Corp. has been one of the most successful tech companies out there. The company has been revitalized lately and it seems like we could expect to see a lot from it in 2019. The Xbox platform is one of the most popular gaming platforms of today and Bing is still meaningful when it comes to search engines. And with the popularity of LinkedIn constantly increasing, Microsoft Corp. is going to remain one of the leading tech companies.
Electric sports cars are about to become a huge thing and one of the companies we can expect a lot from in 2019 is Fisker Automotive. They’ve come up with a prototype of their all electric sports car and have even taken pre-orders. If you’ve never heard about this company before, make sure you keep an eye on it in 2019 as it might just be on its way to becoming the next BMW or Mercedes.
Gaming industry companies
Gaming industry is growing at a rapid pace, simple as that. According to experts, the video game market is going to be worth about $90 billion by 2020 which is a huge increase from $78.61 billion in 2017. Moreover, the number of people who are into gaming now stands at 2.5 billion which is only going to have a positive impact on the industry.
Founded in 2000, Baidu keeps ranking as one of the top online search engines in China. Not only this, but the company is one of the leading providers of free software that targets PC users from China. Its revenue has been growing continuously and there’s no doubt this tech company will do well in 2019 as well.
One of the biggest gems of the stock market, A.O. Smith continues to do exceptionally well. In fact, over the course of 5 years, the stocks of this water-technology specialist managed to outperform the broader market by almost 2 times. It is expected that A.O. Smith’s sales growth for 2018 will reach 10% and according to Wall Street its earnings will grow 11.3% annually over the course of the next 5 years.
Tech industry keeps evolving and we’ll witness quite a few changes in 2019. The companies we talked about earlier are expected to embrace the changes with ease and do even better than they did this year. Tech stocks have always been a good investment and now may be the right time for you to dip your toes into it.