According to market research firm Packaged Facts, the US meal kit delivery services market is estimated to grow to $1.5 billion in sales this year. The researcher predicts that the industry will grow to a multi-billion dollar market over the next five years. New York-based Blue Apron is estimated to be the market leader in the industry and analysts believe that the company is now gearing to go public.
According to a MarketsandMarkets report published last year, the global healthcare analytics market is projected to grow 26.5% annually over the five year period to be worth $18.7 Billion by 2020. The industry was estimated to be worth $5.8 billion in 2015. North America has the largest market in the Big Data healthcare market due to the Big Data initiatives launched by the federal government to reduce healthcare expenses. China’s recent Billion Dollar Unicorn Club member iCarbonX is also making big waves in the industry.
According to eMarketer, there is an increasing trend of cross-border e-commerce in China. In 2016, 181.2 million buyers are estimated to purchase goods from abroad worth $85.76 billion. By 2020, nearly 291.8 million e-commerce buyers will be making purchases from abroad, either directly or through third party apps. Total spending on cross border e-commerce is estimated to grow to $157.7 billion by the year 2020. Billion Dollar Unicorn Club’s new member Xiaohongshu is facilitating in delivering these high growth forecasts.
According to a recent Deloitte report, advances in medical science are leading to an increased life expectancy. In 2014, the average life expectancy globally was 72.3 years and that is expected to grow to 73.3 years by 2019. In 2019, 11% of the total population are expected to be aged more than 65 years. Analysts expect that out of the global health spend of nearly $7 trillion, nearly half of the funds are diverted to making sure that this ageing population continues to live longer. >>>
After the announcement of Brexit last quarter, many were worried about the performance of Europe-based companies. Recently reported second quarter results by ERP leader SAP (NYSE: SAP) appear to have put those concerns to rest. After delivering rather lack luster results in the first quarter, SAP delivered very strong second quarter results that sent the stock soaring to 52-week high levels.
Recent economic results point to an economic downturn in China. Its economy grew 6.7% over the year during the second quarter, the same rate at which it had grown in the first quarter. But growth rate has fallen from the 7% level it had touched a year ago and 7.9% back in 2013. Despite the worries about the economy, China’s e-commerce leader Alibaba (NYSE: BABA) doesn’t appear to be much bothered.
At the beginning of the year 2016, Yelp’s stock (NYSE: YELP) plunged by about 50% after a disastrous quarter, but things are looking up for the local reviews site. It swung to a profit after five consecutive quarters of losses.
According to an eMarketer report published last year, the share of US companies using mobile coupons for marketing purposes is expected to increase from 32% in 2013 to 44.5% in 2016. That share is expected to grow to 48% in 2017, implying that nearly half of the US companies with more than 100 employees will distribute mobile coupons either through SMS, websites, apps, or emails. The report also estimates that the number of US adults who redeemed digital coupons grew 7.6% to 121.3 million in 2015.