For several reasons – especially growing demand in developing countries – tech’s run most probably will last many years.
The tech boom now underway is profoundly different from any that has come before. It is broader and probably longer-lasting in its impact on tech companies, and more transformative macroeconomically. There are two reasons. First, everybody wants technology. And second, technology has become radically easier to create.
With the exception of a tiny number of places like North Korea – sadly left behind from most trends in modern life – every country, region, city, state or province to some degree wants to replicate the legendary successes of Silicon Valley. Just about every government and company worldwide now realizes that technological excellence is critical for competitiveness.
Image HatTip: TECHNOS Quarterly