2 Monster Growth Stocks to Buy and Hold for the Next Decade
Businesses need to keep pace with technology if they hope to remain competitive. That means upgrading IT infrastructure, rethinking outdated practices, and implementing digital solutions that drive efficiency. But those changes don't come cheap. In fact, the International Data Corporation (IDC) estimates that, by 2025, enterprises will spend $2.8 trillion per year on digital transformation projects.
That staggering figure is more than double what was spent in 2020, and it should be a powerful tailwind for industries like cybersecurity and cloud computing, both of which play critical roles in helping businesses modernize their operations. For that reason, CrowdStrike (NASDAQ: CRWD) and Cloudflare (NYSE: NET) look like smart ways to invest in the multi-trillion dollar digital transformation industry.
Here's why.
Source Fool.com
