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Furthermore, the information technology services market is expected to grow exponentially due to increasing demand from almost every industry as part of their digital transformation efforts. According to Statista, IT spending worldwide is expected to reach approximately $4.2 trillion in 2021.
Given this backdrop, we think it could be wise to bet on fundamentally strong information technology services stocks Accenture plc (NYSE:ACN), International Business Machines Corporation ( IBM ), and EPAM Systems, Inc. (EPAM). They each have an overall B (Buy) rating in our proprietary POWR Ratings system.
