According to a 2017 Radicati Group report, an estimated 125 billion commercial emails are sent every day, and the number of email users is expected to grow from 3.7 billion in 2017 to 4.1 billion by 2021. Email delivery and performance platform SendGrid went public last week on the New York Stock Exchange under the ticker SEND. >>>
Social messaging service Snap (NYSE: SNAP) continues to flounder. The company had listed on the NYSE in March this year amid much speculation. Snap listed when its business model was yet to prove successful – it was not only missing profits but was also failing to deliver growth in other metrics. Recently reported quarterly results are no better, and the stock continues its downward trajectory.
Meal-kit delivery service Blue Apron may have boasted about knowing the recipe to success once upon a time. But the market scrutiny that accompanies a public listing hasn’t done the company any favors. The New York-based company began trading on the NYSE earlier this summer. In less than six months, the valuation of the company has tanked as the stock price has fallen nearly 70%.
Currently, the Indian e-commerce market is primarily a two-horse race between Flipkart and Amazon, especially in the larger cities. As Internet penetration is getting better across the country, they have started expanding to small towns, which has been the niche of Billion Dollar Unicorn ShopClues. >>>
According to a MarketsandMarkets report, the Cyber Security market is projected to grow from $137.85 billion in 2017 to $231.94 billion by 2022, translating to a CAGR of 11% over the next five years. Market growth is driven by the growing security needs of Internet of Things (IoT) and Bring Your Own Device (BYOD) trends and increased deployment of web and cloud-based business applications. Recently, Billion Dollar Unicorn ForeScout Technologies, which focuses on the IoT segment, went public.
According to the 2017 Americas Alternative Finance Industry Report, the alternative finance market across the US, Canada, Latin America, and the Caribbean has grown 23% to $35.2 billion in 2016. The market has benefited from the wide options of crowdfunding, marketplace/peer-to-peer (P2P) lending, and other online alternative finance platforms that have emerged in the industry. One such player is Fort Worth, Texas-based Elevate Credit (NYSE: ELVT).
Gartner estimates the global business intelligence and analytics market to be worth $18.3 billion this year. The market is expected to grow 7.6% annually over the next two years to become a $22.8 billion industry by the end of 2020. Data analytics firm Tableau (NYSE: DATA) recently reported its quarterly results and its growth is a bit concerning with respect to the rapid growth of the industry.
According to RedSeer, Indian e-tailers generated record sales of $3.2 billion during the recent festival sale season, 45% higher than the $2.2 billion in last year’s festival season. It was fuelled by an estimated expense of $370-$400 million compared to $200-$250 million last year, as well as better Internet penetration. Although Amazon is rapidly closing the gap, Flipkart continues to lead the market and is now looking to expand vertically through more acquisitions. >>>