According to a travel report published by Amadeus, the global travel industry is expected to grow 5.4% a year through the ten year period from 2013 to 2023, faster than the global GDP. Travel growth is attributed to emerging markets of China and India as more travelers from Asia continue to take international trips.
According to a research report by Newzoo, the global games market is expected to grow to more than $102.98 billion by 2017. The researcher projects that mobile device including phone and tablet games will report the highest revenue growth reporting annual revenues of $35 billion by 2017. Here is an interesting infographic showing the movement of the gaming industry, courtesy Venturebeat.com.
According to the College Board, the average annual cost of textbooks and supplies for students has grown 50% over the last decade to $1,200 per year. Online text book rental service Chegg hopes to reduce the costs of these books by enabling students to rent out books at a more affordable price instead of purchasing them.
According to the Institute for Local Self-Reliance, since 2000, large business lending volume has grown 36% while small business lending volume has fallen 14% and micro business loans under $100,000 have reduced 33%. Further research reveals that the reduction was not on account of lack of demand, but more on account of the absence of supply as small businesses have found it harder to get approved for loans.
According to Superdata Research, the global mobile gaming market is expected to generate revenues of $21.1 billion this year. It is projected to grow to $28.2 billion by the year 2016. The research study also says that mobile games account for more than a third of monthly spending among digital gamers in the US alone.
Earlier this year, Facebook acquired WhatsApp for a whopping $22 billion sparking interest in the mobile messaging industry. Soon after the acquisition, South Korean mobile messaging leader Line filed papers to list on the Tokyo Exchange and the NYSE earlier this fall. The company claimed that they would much rather follow the IPO route than be sold to a bigger player. But in a surprising move, Line went back on their earlier plans and announced that they would abandon their IPO.
According to a Juniper Research report on the online music streaming industry, the online music market is projected to grow from $12.3 billion this year to $13.9 billion in 2019. The analyst believes that while the market is seeing intensifying competition from bigger brand players like Apple and Google, it is not necessarily seeing a significant growth in revenues. It means that online streaming players like Pandora (NYSE:P) will have to up the volume in terms of offerings to keep attracting a bigger customer base.
According to market reports, end user spending on cloud services is expected to be more than $180 billion by the year 2015 and spending on cloud equipment to grow to $79.1 billion by 2018. It is estimated that by 2014, US organizations will spend more than $13 billion on cloud computing and managed hosting services.