According to a Pew Research Center report, 11% of adult Americans have used an online dating site or mobile dating app. Of these, nearly 66% have gone on a date with someone they met through these dating sites. In 2005, that share was a comparatively low 43%. Further, the online dating sites have helped nearly 23%
The Internet has led to the creation of several alternate business models. One such interesting business model is that of the online lending platform, Lending Club. Lending Club was founded in 2007 by entrepreneur Renaud Laplanche who was annoyed that he was paying 18% interest on his credit card bill and earning just 1% in
According to an eMarketer report, more than 100 million users in the US will use digital coupons this year compared with 96.6 million users in the previous year. Another report by IDC estimates the consumer e-commerce market to grow 18% annually over the period 2012 through 2017, with mobile commerce growing 36% annually during the
According to market reports, the global travel and tourism industry is projected to grow 4% annually over the ten year period from 2012 to be worth $10 trillion in 2022. The growth will be driven by emerging markets and the Asia Pacific regions. Online vacation rental site HomeAway is counting on this market growth.
According to a report by MarketsandMarkets, the total Cloud Storage market is projected to grow 40% annually to $46.8 billion by 2018. The report projects North America to be the leading market with 60% market share, growing 33.8% annually to $21.8 billion by 2018. The growth in the market is attributed to the increased demand
Gartner’s 2013 report on Mobile Payment Transactions estimated the worldwide mobile payment transaction values to grow 44% over the year to $235.4 billion in 2013. The market was projected to grow 35% annually between 2012 and 2017 to be worth $721 billion by 2017. The number of users using mobile devices for payment transactions was projected
According to a report by Research and Markets, the worldwide cloud storage market is projected to grow 40% annually over the five year period from $8.6 billion in 2013 to $47 billion in 2018. The growth is attributed to the rising creation of big data. North America remains the largest market for cloud services with
The one thing that most new-age mobile and Internet companies struggle to achieve is an effective monetization strategy. If recent valuations are to be believed, it is scary that a billion dollar plus valuation is no guarantee of a successful revenue model. Mountain View-based Evernote is one mobile app company that seems to have figured