A Forrester study estimates the enterprise social networks market to grow to $6.4 billion in 2016 from an estimated $600 million in 2010. McKinsey also estimates that the use of enterprise social network will grow at an annual rate of 42.4% over the period 2011 to 2016.
According to a report by Global Industry Analysts, Inc. the global recruitment software market is estimated to be worth $2 billion by 2018. Growth in the market is driven by increasing demand for cloud-based recruitment software and the evolution of solutions that help to increase efficiency to reduce employee turnover.
According to a report from researcher Ovum, enterprises are focusing on social networking within organizations as part of an effective enterprise collaboration strategy. IBM remains the market leader with revenues of more than $105.4 million in 2011. During the current year, Ovum projects the enterprise social networking market to be worth $500 million. The researcher
According to a recent performance analysis of IPOs this year, researchers found that the stocks of enterprise software and solution providers performed better than the stocks of several Internet companies. Facebook leads the disappointing wave of Internet IPOs, as its stock crashed soon after listing. But among enterprise IPOs, there are several strong performers. In
China has the world’s largest Internet-using population, with more than 513 million users. Analysts believe that nearly half of this population accesses at least some social networking and media platforms. Use of social media platforms is driven by increased Internet penetration in the country. Researchers estimate that by 2013, nearly 53% of China’s population, close
According to Gartner’s recently released report on big data market projections, big data will account for $54.6 billion in IT spending in 2016, compared with $27.1 billion in 2011. Over this five-year period, organizations are expected to spend a total of $232 billion on big data–related services and infrastructure. Big data IT services spending will
A major headline in this quarter’s coverage of the online travel industry is that Priceline made a notable acquisition. Last week, Priceline (NASDAQ:PCLN) announced plans to acquire travel search player Kayak for $1.8 billion. Kayak (Nasdaq:KAYK) had released its long-awaited IPO four months ago.
Gartner’s report Forecast: Mobile Payment, Worldwide, 2009-2016, released earlier this year predicts that worldwide mobile payment transactions will grow from 62% over the year from $105.9 billion to $171.5 billion this year. From 2011 through 2016, the global mobile transaction market is estimated to grow to $617 billion, and Gartner projects an annual growth rate