According to a Grand View Research market report, the global unified Communication as a Service market valued at $31.52 billion in 2019 is expected to grow at 23.5% from 2020 to 2027. Leading player RingCentral (NYSE:RNG) is benefitting from the current COVID-induced work from home conditions and reaping the benefits of strategic partnerships that it had
The current pandemic conditions are driving accelerated digital transformation across organizations. IDC expects more than $1 trillion to be invested in data-related transformation initiatives. Data science and analytics platform provider Alteryx’s (NYSE: AYX) easy-to-use platform is helping accelerate digital transformation journeys for the organizations.
Tech giant SAP (NYSE: SAP) announced its third quarter results last month that failed to impress the market. Its weak outlook, driven by the impact of COVID-19, sent its stock falling 21% in a single day – a record decline in the past 25 years.
Communications PaaS player Twilio (NYSE: TWLO) continues to see stellar results amid the current pandemic. The company continues to invest wisely in product development and even acquisitions.
According to an Allied Market Research report, the global complaint management software market was estimated to grow at 11% CAGR to reach $8.3 billion by 2026. Leading player Zendesk (NYSE: ZEN) recently announced its third quarter results that continue to outpace market’s forecast as the company invests in building its partner ecosystem to drive growth.
According to a recent Research and Markets report, the global 5G security market is expected to grow to $6.5 billion by 2025. Infrastructure security will be the fastest growing segment and will grow to $2.6 billion by 2025. Akamai (NASDAQ: AKAM), is realizing the importance of the market and is investing in partnerships and acquisitions
Inbound marketing specialist HubSpot (NYSE:HUBS) recently reported its third quarter results that continued to surpass market expectations. Besides product enhancements, HubSpot has been revamping its pricing model to make its offering more attractive to customers, especially during current uncertain times.
Ontario-based Shopify (NYSE:SHOP) continues to deliver stellar results. The company continues to add several new features to its platform to help merchants reach a wider audience.