According to the latest CNBC Technology Executive Council survey, 74% of tech executives believe their companies will spend more on new technology in the next 12 months. The global information technology market is expected to grow at a CAGR of 8.8% to reach $13,092.49 billion in 2026.
While the slowed demand and rising borrowing costs might keep the industry under pressure in the near term, the growing demand for advanced tech solutions and rising investments should help quality tech stocks witness big rebounds in the long run.
