According to a report by Transparency Market Research, the global logistics market is expected to grow 7.5% annually from $8.1 trillion in 2015 to $15.5 trillion by 2023. The report believes that roadways will continue to be the most favored mode of logistic transport in terms of revenues. In recent years, China has been the biggest contributor to growth due to the growing presence of a large manufacturing base. A separate report pegs the Chinese logistics industry to be worth $1.6 trillion in 2016. That has spurred the entry of Truck Alliance Inc., known in China as Huochebang, to become the latest Billion Dollar Unicorn entrant in the region.
According to the CB Insights’ Fifth Annual Tech IPO Pipeline Report, there were only 14 tech IPOs in 2016 and that number is expected to rise in 2017. Heading its Top 5 IPO Prospects list is survey software unicorn Qualtrics. >>>
Cedar Valley, Utah-based EdTech company, and Billion Dollar Unicorn member Pluralsight is expected to go public soon. According to TechNavio, the global corporate e-learning market is expected to grow 11% annually to be worth $31 billion by 2020. Pluralsight has its eyes set on this fast-paced market.
According to a report by Zion Market Research, the Advanced Analytics Market is estimated to grow from $10.7 billion in 2015 to $60.44 billion in 2021. That translates to a compounded growth rate of 33% each year. Palo Alto-based Palantir leverages advanced analytics capabilities to help government and financial agencies ensure safety of citizens and their customers. After months of opposing the idea of going public, Palantir is finally expected to be considering a public listing.
According to Juniper Research, the global ride sharing market is estimated to grow to $6.5 billion by 2020 from $3.3 billion in 2015. North America is the biggest region in the industry and is expected to account for a third of the market share. Western Europe and Asia-Pacific, excluding Far East and China, are estimated to be the next big regions. While Uber maybe the biggest known brand worldwide, other local services are making a big impact in their respective regions. Billion Dollar Unicorn club member Careem is leading the market in the Middle East.
According to an IBISWorld report, the HR & Payroll software market in the US has grown 6% over the year to $7 billion in 2016. Analysts are hopeful Billion Dollar Unicorn club member Gusto will go public this year.
Twitter (NYSE: TWTR) continues to struggle with low revenue and user growth. Video is now its new strategy. In politics, however, Twitter is playing an unprecedented role. Trumpism rests heavily on the power of tweets, both proactive and reactive. >>>
Cloud-based storage services provider Dropbox has been debating for a while about going public. Last year’s dismal technology IPO and stock performance had swayed its decision to delay its IPO. But recent news suggests that the Billion Dollar Unicorn player may finally be looking at going public this year.