It has been more than a year now since the world started working remotely. Online video conferencing services such as those offered by Zoom Video Communications (Nasdaq: ZM) have helped organizations and educational institutions globally manage these unprecedented working conditions. Zoom recently announced its quarterly results that continued to outpace market expectations.
According to a recent report by Mordor Intelligence, the Security and Vulnerability Management Market is expected to grow from $6.61 billion in 2020 at 10% CAGR to reach $11.72 billion by 2026. Maryland-based Tenable (Nasdaq: TENB) is a leading player in the market that recently reported its stellar fourth quarter results.
Rapid7 (NASDAQ:RPD), a leading provider of security analytics and automation, recently announced its long-term plans. The company is targeting an annual revenue run rate of more than $1 billion by 2025. It is looking to acquisitions and partnerships to help drive this significant growth.
Recently enterprise cloud computing player Nutanix (Nasdaq: NTNX), reported its second quarter results that surpassed market expectations. The market was pleased with its performance and the stock climbed 5% in the after-hours trading session.
Database-as-a-Service (DBaaS) provider MongoDB (Nasdaq: MDB) recently reported its fourth quarter results that surpassed market expectations. MongoDB continues to rely on an expanding partner network and product upgrades to drive market growth.
According to a research by Adroit Market Research, the global enterprise collaboration software market is estimated to grow to $45 billion by 2025. Smartsheet (NYSE: SMAR), a leading provider of these services, is seeing strong demand for its products. The recent pandemic-induced virtual working conditions have accelerated the adoption of these technologies.
Dropbox (Nasdaq: DBX) recently announced its fourth quarter results that surpassed market expectations. The company is going strong on acquisitions and product upgrades, but competition continues to remain brutal in the market.
According to a recent report, the global Cloud Database and Database-as-a-Service (DBaaS) market was valued at $10.37 billion in 2019 and is expected to grow at 15.7% CAGR through 2026. DBaaS is a high growth industry and boasts of players like Oracle, MongoDB, AWS, Google, and SAP. DataStax is a niche player in the industry