According to industry research, within North America, of the 300,000 full-service restaurants, there are nearly 55,000 that accept reservations. However, not all of them have signed up with a reservation services provider like OpenTable. Analysts believe that North America accounts for a quarter of the global restaurant industry, making international markets an even bigger opportunity.
The $85 billion vacation rental market is projected to grow 13% annually. But the industry faces many concerns that analysts believe are limiting its growth potential. A study conducted to understand the problems facing the industry found that 46.3% of those surveyed have never used an online service to rent a vacation home in the past three
According to researcher, eMarketer, business-to-consumer sales in Latin America, excluding Brazil, are projected to reach $15.2 billion by the end of the current year and will grow to $28.5 billion by 2015. Overall, analysts believe Latin America e-commerce will grow 20% annually, driven by increased Internet adoption by both consumers and marketers. Currently, less than 2%
According to Gartner, the enterprise software market is a $285 billion market. Within this, according to IDC estimates the enterprise social networking market will be worth $10.3 billion by 2013. The market remains largely untapped. Studies have revealed that just over 50% of enterprises have implemented some social networking tools.
The U.S. radio market is expected to be worth $37 billion. Apart from traditional media companies, the market is being tapped by online radio players. Pandora, a recently listed player, claims that it has access to 5.5% of the U.S. radio market – significant growth over previous year’s share of 2.7%. But the increasing market
A number of technology IPOs continue to flow to the market this year. Although Facebook’s IPO may be the most anticipated, another social media player, Yelp, tested markets this year. Through their offering last week, the company raised $107 million by selling their stock at $15 a share. Yet their monetization capabilities still raise concerns.
According to PhoCusWright’s Global Online Travel Overview report, second edition, online travel sales will account for a third of the world’s travel sales by the end of 2012. Online leisure, or the unmanaged business travel market, is projected to be worth more than $313 billion this year. The report also projects an increase in online
HP’s troubles just don’t seem to be ending. Although the company may have remained the market leader in global PC shipments last quarter by shipping more than 15 million units, sales for the quarter were 16% below the previous year’s sales. IDC and Gartner estimate that last quarter, overall PC shipments fell 0.1% over the