A recent Market Research Future report estimates the global data analytics market to grow to $159 billion at a CAGR of 31% by the year 2022. Billion Dollar Unicorn club member Splunk (NASDAQ: SPLK) is counting on this growth as it continues to grow inorganically.
Billion Dollar Unicorn Cloudera (NYSE: CLDR) listed in April last year. Many expected it to be a strong IPO, but the company has not done very well under public scrutiny. Recently, it reported its fourth quarter results where the weak guidance sent the stock to its lowest levels since it listed.
According to a report by Market Research Future, the global data analytics market is estimated to grow 31% annually over the next four years to $159 billion by the year 2022. Billion Dollar Unicorn GoodData is a leading player in the market that is successfully leveraging the growth in Big Data to deliver cloud-based analytics products.
According to a report by Statista, the global music streaming market is expected to grow from $11.44 billion in 2018 to $14.79 billion in 2022 at a CAGR of 6.6%. User penetration was at 24.7% in 2018 and is expected to grow to 26.6% by 2022. Earlier this month, streaming music service provider Spotify went public. Here is a quick look at the Billion Dollar Unicorn player’s performance so far.
According to a MarketsandMarkets report, the enterprise video market is forecast to grow at a CAGR of 20.1% from $16.34 billion in 2017 to $40.84 Billion by 2022, primarily driven by the rising demand for video as a tool to enhance communication and collaboration across enterprises and the rising adoption of cloud technology. Zoom Video Communications is a Billion Dollar Unicorn that is reporting growth rates of 150%. >>>
Linux may not be the OS of choice for desktops, but it dominates the world when it comes to Supercomputers, Web Servers, and Chromebooks. Additionally, Linux Kernel actually powers the Android OS that is used in Android-based mobile devices. According to market reports, as of 2017, Linux powered all of the top 500 supercomputers in the world.
According to a study by the Mortgage Bankers Association, the US lenders are expected to issue a smaller amount of mortgages in 2018. Total mortgage originations are expected to fall to $1.60 trillion this year from $1.69 trillion in 2017. The amount of new loans to refinance a home are expected to drop 28.3% to $430 billion and the amount of new mortgages to buy a home will grow 7.3% to $1.2 trillion in 2018. The market is being impacted by low housing inventory and rising interest rates. Despite the weak market projections, Billion Dollar Unicorn club member and mortgage origination services provider Elli Mae (NYSE: ELLI) is continuing to do strong business.
A recent study on the Freelance industry in the US estimates that nearly 36% of the US workforce, or 57.3 million Americans, are freelancing. The research estimates that these freelance workers contribute approximately $1.4 trillion annually to the economy, an increase of almost 30% since last year. By 2027, researchers believe, that freelancers will account for majority of the US workforce. Growth like that should have been promising for freelance services provider Upwork. But the former Billion Dollar Unicorn club member is struggling to take advantage of these trends.