Looking for ASX growth shares? I rate these 2 as buys

I think there are some ASX growth shares that are destined for considerable growth in the coming years.

With the two ideas I'm going to write about in this article, the shares are exposed to useful tailwinds that could be a boost for revenue and earnings. This can then lead to share price growth and dividend growth.

We don't know what share prices are going to do. But if operating profitability continues to grow then I think investors can do well with these two ASX growth shares.

Australian Ethical Investment Ltd (ASX: AEF)

Australian Ethical seems like one of the most promising fund managers on the ASX in my opinion.

It aims to provide investors with investment options that are highly ethical and align with investor ethics.

I think the best part of the business is the amount of superannuation funds under management (FUM) that it is responsible for. The tax-beneficial nature of superannuation, as well as the mandatory superannuation guarantee contributions, lead me to believe that this segment of its FUM will keep rising.

At 31 December 2022, it had $8.37 billion of FUM, with $6.5 billion of that being superannuation and the rest being managed funds.

Despite share market volatility, the ASX growth share saw positive net flows and positive market movements in the three months to December 2022.

BetaShares Global Cybersecurity ETF (ASX: HACK)

I think this is one of the best exchange-traded funds (ETFs) on the ASX. It's all about global cybersecurity businesses that are leading the fight against cybercriminals.

Sadly, cybercrime seems to be worsening every year. Just look at what happened to Optus and Medibank Private Limited (ASX: MPL) last year.

The FY22 Australian Cyber Security Centre report said:

In Australia, we also saw an increase in the number and sophistication of cyber threats, making crimes like extortion, espionage, and fraud easier to replicate at a greater scale. The ACSC received over 76,000 cybercrime reports, an increase of nearly 13 per cent from the previous financial year. This equates to one report every 7 minutes, compared to every 8 minutes last financial year.

The ACSC report also revealed a 14% increase in the average cost per cybercrime report. This could be a useful tailwind for the businesses involved.

There is a total of 37 positions in the ASX growth share's portfolio, with each business involved in different way to try to protect organisations. Some of the businesses involved include Broadcom, Fortinet, Cisco Systems, Infosys, Palo Alto Networks, and Okta.

According to BetaShares research, the global cybersecurity market is going to reach around US$480 billion by 2030, up from US$203 billion in 2021.