According to a Marketsand Markets report, the cloud storage market size is estimated to grow from $23.76 billion in 2016 to $74.94 billion by 2021, at a CAGR of 25.8%. Growth is driven by factors such as high demand for hybrid cloud storage, growing need for enterprise mobility, and the need for easy implementation of cloud storage solutions. Cloud-based storage services provider and Billion Dollar Unicorn Dropbox is one of the main IPO prospects for 2018. >>>
According to the Recording Industry Association of America (RIAA), the US streaming music accounted for a majority of the retail music industry revenues. For the first half of 2017, retail revenues grew 17% to $4 billion, of which streaming services accounted for $2.5 billion and grew 48% over the year. Revenue from listeners paying to listen to streaming platforms like Spotify and Apple Music grew 61% over the year to $1.7 billion. Of this, $0.3 billion came from ad-supported on-demand options and $0.5 billion from listeners paying for radio services. About 30 million people in the country listen to a streaming music site.
Oracle (NYSE: ORCL) may have delivered a rather tepid quarterly outlook as part of its recent result announcement. But the market is very hopeful of its cloud strategy as the company continues to battle it out with Amazon and adds more companies to its arsenal. First, the financials.
According to a Goldman Sachs report, the global ride-hailing market is expected to grow from $36 billion in 2017 to $285 billion by 2030. The average number of ride-hailing trips a day globally are expected to grow from 15 million in 2017 to 97 million by 2030. The ride-hailing companies are expected to charge an average 23% commission on the gross sales, translating to net revenues of $65 billion by 2030 for the industry. While Uber continues to remain the market leader in the industry, its recent troubles have helped drive usage for competitors, such as Lyft, to higher levels. Lyft may even beat Uber to an IPO listing this year.
According to a MarketsandMarkets report, the enterprise collaboration market is expected to grow from $26.68 billion in 2016 to $49.51 billion by 2021 at a CAGR of 13.2% driven by widespread usage of social media and mobile devices. Billion Dollar Unicorn Slack is a leading player in the market that has recently raised funding from the Softbank Vision Fund. >>>
It is hard to find a company these days that has stayed away from venture funding. Used car marketplace CarGurus is one such rarity. It recently went public on the NASDAQ under the ticker CARG. >>>
According to a an eMarketer report published earlier this year, nearly 38.9 million viewers in the US would have streamed a video program at least once a month this year using Roku. The number of users for Roku are estimated to have grown 19% over the year this year. Alphabet’s Chromecast and Amazon’s Fire TV are close competitors with Chromecast expected at 36.9 million users and Amazon at 35.8 million users. Recently, Roku (Nasdaq: ROKU), a Billion Dollar Unicorn club member, went public. It has had a good run so far.
According to a Newzoo report, the global gaming market grew 7.8% to $108.9 billion in 2017 driven by a 19% growth in gaming on mobile devices. Recently, San Diego-based gaming company Razer, a proud member of the Billion Dollar Unicorn club, went public on the Hong Kong Stock exchange.