3 Megatrends Investors Need to Take Notice Of

The world around us is changing daily, it seems -- it's becoming more digitized, connected, and advanced in a host of ways. While there are many megatrends underway, we asked our investors for three trends that stood above the rest. The list includes software as a service (SaaS), artificial intelligence (AI), and widespread consolidations across multiple industries, and offers several stock ideas to ride the megatrend wave.

Tim Brugger (SaaS): The cloud is already a multibillion-dollar market opportunity, and by most accounts we're just scratching the surface. As vast and widespread as the opportunities in the cloud are, one area stands above the rest: cloud software as a service.

Second only to cloud advertising, the $46.3 billion in revenue SaaS offerings will generate this year leads the pack of infrastructure as a service (IaaS), business process services, and data security, among other cloud segments. Better still, not only is SaaS delivered via the cloud the hands-down largest revenue driver, in 2020 it's expected to generate a mind-numbing $75.7 billion.

Source: Fool.com