Over the past few years, there has been an added focus within the global healthcare industry to reduce costs and manage resources more efficiently while improving patient care. To meet these pressures, healthcare organizations including physicians and insurance service providers have become data driven. San Francisco-based Clover Health is a Billion Dollar Unicorn club member making big strides in the industry.
Singapore-based Garena became the most valuable Billion Dollar Unicorn from South East Asia riding on the popularity of its games. It has now expanded into e-wallets and e-commerce in the South East Asian region and has filed privately for an IPO after rebranding itself as Sea. >>>
According to a report by Zion Market research, the global digital photography market is expected to grow 6% annually from $77.66 billion in 2015 to $110.79 billion in 2021 driven by the increasing advancements within the social networking and photo sharing sites. Billion Dollar Unicorn club member Kuaishou is already reaping benefits associated with this trend.
South Korean Billion Dollar Unicorn club member Yello Mobile had been planning to go public this year. But recent financial results suggest that those plans may have been delayed by a year.
According to Technavio, the global home fitness equipment market including treadmills, weightlifting machines, and stationary bicycles is expected to grow at a CAGR of 5.08% during the period 2017-2021. Peloton, which sells an Internet-connected indoor fitness bicycle, recently joined the Billion Dollar Unicorn Club. >>>
The construction sector is one of the largest in the world economy, with about $10 trillion spent on construction-related goods and services every year. However, according to a recent report from McKinsey Global Institute, the industry’s productivity has trailed that of other sectors for decades, and there is a $1.6 trillion opportunity to close the gap. Katerra is a recent entrant to the Billion Dollar Unicorn club that is attempting to bridge this gap with its technology.
According to Gartner, more than $1 trillion in IT spending will be directly or indirectly affected by the shift to cloud by 2020, making cloud computing one of the most disruptive forces of IT spending since the early days of the digital age. CloudHealth’s cloud management platform is riding this wave of corporate cloud adoption. >>>
According to a recent Gartner report, global spending on SaaS or cloud application services will grow 20% to reach $46.3 billion in 2017. The resulting rise in subscription economy has benefitted Mountain View, California-based Zuora, which helps companies deal with the billing and pricing complexities involved in running subscription-based businesses. >>>