The Federal Reserve’s recent hawkish stance has precipitated a rise in bond yields. Furthermore, U.S. technology companies are under mounting pressure this year, and analysts expect 2022 to be a year of normalization for the technology sector.
Saira Malik, Chief Investment Officer, Equity, at financial planning company Nuveen, believes that although the software market is gripped with uncertainty due to expectations of rising interest rates, the future of the software market is bright because demand remains robust. Spending in the industry is expected to rise 11.5% globally in constant currency terms in 2022, outpacing its 2021 levels.
