A Shark's in the Water: Kevin O'Leary on Digital Tech : vima

A Shark's in the Water: Kevin O'Leary on Digital Tech


In the recent webcast,
Kevin O’Leary: Investing in Companies Leading Digital Innovation, Kevin O’Leary, Chairman, O’Shares ETF Investments; and Connor O’Brien, CEO and President, O’Shares ETF Investments, argued that investors are ill-prepared for the economy of the next decade as not every industry and company will be impacted equally by the upcoming digital transformation.
The digital transformation of the economy is already underway. For example, U.S e-commerce sales have grown to $788 billion in 2020, compared to $518 billion back in 2018. The cloud computing market has already grown to $100 billion without any signs of slowing down. Software-as-a-service revenue is projected to expand to $253 billion by 2024, compared to just $56 billion back in 2015.

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