2 ASX tech shares I think could be worth much more by 2030

ASX tech shares can be volatile, but I think the right businesses can create a lot of value over time.

I am not looking for the most exciting story or the stock with the biggest short-term momentum. I prefer companies that solve real problems, have room to grow, and can become more important to customers over time.

Two ASX tech shares I think could be worth much more by 2030 are named in this article.

Catapult Sports Ltd (ASX: CAT)

Catapult Sports is one ASX tech share I think has a long runway ahead.

The company provides technology used by elite sporting teams to understand performance, training loads, match preparation, and tactical execution.

What I find interesting is how deeply data has moved into sport.

Professional teams are no longer relying only on what coaches can see from the sideline. They want to know how athletes are moving, how hard they are working, whether training intensity is building too quickly, and how game plans are playing out in real time.

Catapult sits in that daily workflow.

I also think the company’s opportunity is broader than simply selling wearable devices. The more useful its platform becomes across performance, video, analysis, and team decision-making, the more valuable it can be to clubs.

Sport is a global market, and elite teams are willing to invest in tools that can improve preparation and reduce avoidable mistakes and injuries. Catapult does not need every club in the world to become a customer overnight. It just needs to keep deepening its role with teams and expanding across more leagues, codes, and geographies.

There are risks to consider. The company still needs to keep growing efficiently and proving that its market opportunity can translate into stronger profitability. But by 2030, I think Catapult could be a much larger sports technology business.

Nextdc Ltd (ASX: NXT)

Nextdc is another ASX tech share I think could be worth much more by 2030.

The company provides data centre infrastructure, which has become increasingly important as the digital economy expands.

I like Nextdc because it is exposed to a very practical problem. Businesses need secure, reliable, high-capacity environments to support cloud computing, software, cybersecurity, data storage, and artificial intelligence (AI) workloads.

That demand is not going away.

AI gets a lot of the attention, but the bigger point is that more of the economy is becoming data-heavy. Companies are using more applications, creating more information, and relying more on digital systems that need to be available all the time.

Nextdc gives investors exposure to the physical infrastructure behind that shift.

This is a capital-intensive business, so execution is important. Building data centres requires large upfront investment, power access, customer commitments, and careful funding decisions.

But if demand for digital infrastructure keeps increasing, I think high-quality capacity in the right locations could become more valuable. Nextdc may still have a lot of growth ahead if it can keep expanding while maintaining customer trust.

Foolish Takeaway

I think the best ASX tech shares are often the ones that become more useful to customers over time.

That is what interests me here. These businesses are not chasing the same opportunity. They are tied to sport and digital infrastructure, which gives each a different path to growth.

There will be setbacks along the way, and valuations can move around quickly in the tech sector. But by 2030, I think both companies could be far more important in their markets than they are today.

The post 2 ASX tech shares I think could be worth much more by 2030 appeared first on The Motley Fool Australia.

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• Buy, hold, sell: Catapult Sports, Guzman Y Gomez, and Wesfarmers shares

Motley Fool contributor Grace Alvino has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Catapult Sports. The Motley Fool Australia has positions in and has recommended Catapult Sports. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.