According to a report by Research Beam, the Global Data Center Market is estimated to grow at 10.7% annually through the period 2016 to 2020. The growth in the industry is attributed to the increasing demand among organizations to move to virtualization and automation while demanding higher operational efficiency. London-based Global Switch is a Billion Dollar Unicorn player in the data center industry.
Last October, Los Angeles-based BlackLine (Nasdaq: BL) known for its SaaS financial reconciliation software, had gone public despite the weak IPO market. But the company’s strong product offering and a keen business sense have kept it in good stead. It recently reported its fourth quarter earnings and the market was pleased with its performance.
Flipkart had a turbulent time in 2016 as it struggled with management changes and exits of top-level executives as well as against the might of Amazon. It started the year 2017 with yet another management change to focus on profitability and prepare it for going public. >>>
For a while now, VCs’ delusional competitive bidding in startup investing had resulted in skyrocketing valuations. Last year, several venture funds re-evaluated their valuation and several startups saw valuations reduce to more realistic levels. But the market correction is not yet complete. There continue to exist Billion Dollar Unicorns that have no sustainable business or financial model and yet are members of the club. China’s Zhihu is one such case.
According to a report by IBISWorld, the US jewelry store industry is estimated to have grown 1.2% annually through the years 2011 to 2016 to be worth $35 billion in 2016. The industry is expected to grow at a modest 0.4% annually through till 2021, primarily due to the decline in precious metal cost over the years. But decelerating growth rates do not seem to bother the new member of the Billion Dollar Unicorn brigade Kendra Scott.
According to IDC, the worldwide converged systems market grew 12.1% to $2.9 billion in Q2 2016. Hyperconverged sales grew 137.5% to $480.62 million or 16.2% of the converged systems market. Riding on this hypergrowth, SimpliVity entered the Billion Dollar Unicorn Club and was recently acquired by HPE. >>>
According to a report by Transparency Market Research, the global logistics market is expected to grow 7.5% annually from $8.1 trillion in 2015 to $15.5 trillion by 2023. The report believes that roadways will continue to be the most favored mode of logistic transport in terms of revenues. In recent years, China has been the biggest contributor to growth due to the growing presence of a large manufacturing base. A separate report pegs the Chinese logistics industry to be worth $1.6 trillion in 2016. That has spurred the entry of Truck Alliance Inc., known in China as Huochebang, to become the latest Billion Dollar Unicorn entrant in the region.
According to the CB Insights’ Fifth Annual Tech IPO Pipeline Report, there were only 14 tech IPOs in 2016 and that number is expected to rise in 2017. Heading its Top 5 IPO Prospects list is survey software unicorn Qualtrics. >>>