One of my favourite areas of the market to invest in is the tech sector.
I believe many companies in this sector have the potential to grow significantly in the future as they expand globally.
Two tech shares which I think are worth considering as long-term buy and hold investments are listed below. Here's why I like them:
Aconex Ltd (ASX: ACX)
Although it is no longer the bargain buy it was around three months ago, I still believe this cloud collaboration software-as-a-service company could be a great option for patient investors.
I believe the quality of its product and the efficiencies it offers users in the construction industry will result in strong demand that allows the company to outperform its medium-term guidance. Especially given the expected uptick in construction activities in the Americas following recent disasters.
XERO FPO NZX (ASX: XRO)
Like Aconex, I felt Xero was a bargain buy three months ago and is now about fair value. But I wouldn't let this put you off making a long-term buy and hold investment in this accounting software company. After all, the company has only scratched at the surface of its global opportunity in my opinion.
Although it has a strong share of the local market, it is still only in its infancy in the massive United States market. I believe the quality of its product gives it a great chance of winning a decent share of the US market. This could provide it with above-average revenue growth over the next decade.
