According to a Research and Markets report, the global cloud storage market is expected to grow from $25.171 billion in 2017 to $92.488 billion by the year 2022, at an annualized growth rate of 29.7%. The growth is expected to be driven by the increasing adoption within the BFSI, healthcare, and media and entertainment verticals.
According to an IDC report published earlier this year, the global Big Data Analytics market is forecast to grow from $130.1 billion in 2016 to over $203 billion in 2020, translating to an annualized growth rate of 11.7%. Billion Dollar Unicorn club member Splunk (NASDAQ: SPLK) is benefitting from this rapid growth.
During the past two years, companies with multi-billion dollar valuations that have not been supported by a credible business model have seen their valuations collapse. But there are still a few that have managed to retain and even grow into a Billion Dollar Unicorn status, despite their lackluster business models. Crowd-sourced information site Quora is one
Billion Dollar Unicorn club member Stitch Fix (Nasdaq: SFIX) recently went public. Its listing is worth celebrating because it is the the first IPO this year for a tech company that was led by a woman. The stock has had a choppy ride as investors are still trying to determine how to value this latest
Open source integration software vendor Talend (Nasdaq: TLND) went public last year. Post IPO, the company has constantly been trading above its list price, and has attained a Billion Dollar Unicorn status in the public market.
According to a study conducted by Google, the South East Asian taxi on-demand service is projected to grow from 18% annually over the next nine years to be a $13 billion industry by the year 2025. The number of monthly riders using these services is expected to grow from 7.3 million in 2016 to 29
According to a survey conducted by the Reuters Institute Digital News, 13% of North American users surveyed used Google News as their weekly news aggregator. Reddit came a distant second at 7%, followed by Flipboard with a 5% usage in the region. After years of controversy, Billion Dollar Unicorn club member Reddit is now more
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