A BIA/Kelsey report forecast that US local ad spending via mobile would soar more than 54% in 2015, from $4.27 billion to $6.58 billion. However, the sector is also seeing increasing competition, that is affecting the consumer review site Yelp. >>>
IT organizations are increasingly under pressure to optimize the availability and performance of their applications and key business services. According to a Research and Markets report, the application performance management (APM) market is expected to grow from $2.72 billion in 2014 to $ 4.98 billion by 2019, at a CAGR of 12.86%. Billion Dollar Unicorn club member New Relic is a key player in this market. >>>
According to Gartner, worldwide customer relationship management (CRM) software sales grew 13.3% to $23.2 billion in 2014. While the top 10 ranking order hasn’t changed and Salesforce continues to reign at the top, competition has been stiff in the market with price wars and consolidation. While the market share of Salesforce and Microsoft has increased, most vendors in the top 10 have lost market share. >>>
The online travel industry is seeing rapid consolidation as Priceline and Expedia look to dominate the industry in the face of competition from new rivals like Google. While Priceline is expanding into new areas with acquisitions like OpenTable, Expedia has been on an acquisition spree to gain scale.
Priceline’s (NASDAQ: PCLN) second quarter revenues grew 7.4% over the year to $2.28 billion, close to the analyst estimate of $2.29 billion. Gross travel bookings for the quarter increased 10.5% to $14.96 billion. EPS was $12.45 versus $12.51 a year ago and analyst estimate of $11.85.
Across the globe, enterprises are making huge investments for leveraging data analytics tools and technologies to provide customized offerings and improved digital engagement with customers. By 2018, the market for data analytics is expected to be worth $48.3 billion. Enterprises are now increasingly outsourcing the data analytics processes to less expensive locations like India. According to TechNavio, the Global Data Analytics Outsourcing market is expected to grow at a CAGR of 30.54% over the period 2014-2019. >>>
According to market reports, companies with businesses focused on recurring revenue models, such as those of cloud technologies, telecom, digital entertainment, and even retail contribute nearly $300 billion to the global economy. There is a growing demand of cloud-based billing services especially tailored for these companies. Recent market reports suggest that the cloud-based billing market will be a $9.5 billion market by the year 2018.
It is rare to see an Internet company that has impressive user metrics for over a decade and has still not decided to go public. One such company is a content curator and Billion Dollar Unicorn club hopeful Mode Media, formerly known as Glam Media.
According to Gartner, the global spending on IT security is projected to grow 8.2% this year to $77 billion. Gartner expects this spend to grow to $101 billion by the year 2018. Billion Dollar Unicorn club member FireEye (Nasdaq: FEYE) is already benefiting from this growth.