Decacorn Snowflake Ready for IPO

According to a Allied Market Research report, the global data warehousing market is estimated to grow at a CAGR of 8.2% from $18.61 billion in 2017 to reach $34.69 billion by 2025. Last month, cloud-based data warehouse company Snowflake raised $479 million at a valuation of $12.4 billion from investors including Salesforce Ventures.

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Elastic Investing in Product Upgrades for Enterprises

The global Enterprise Search market is estimated to grow 13% annually to $9 billion by the year 2026 from $3.72 billion in 2019. The continued adoption of cloud computing and Software as a Service (SaaS) are driving the adoption of hosted enterprise search solutions across organizations. Elastic (NYSE: ESTC) is a leading player in the open source Big Data search sector.

Avalara Enhancing its Products with AI and ML

According to a Markets and Markets report, the global tax management market is expected to grow at 12% CAGR to reach $27 billion by 2024 from $15.5 billion in 2019. Seattle, Washington-based Avalara (NYSE: AVLR) is a leading player in tax management market.

Dynatrace Ties up With Tech Giants

Gartner estimates the global IT operations software market to grow at 7% CAGR to reach 37.5 billion by 2023 from $29 billion in 2019. Within the industry, Gartner expects enterprises to quadruple their Application Performance Management (APM) use over the period 2018 to 2021. It expects APM to reach 20% of all business applications by 2021. Dynatrace (NYSE: DT) is a leading player in the market that recently reported stellar quarterly results.

Alteryx Delivers Excellent Revenue Growth

According to a recent report, the global market for Big Data and Business Analytics is expected to grow 15% annually to $512.04 billion by 2026 from $171.39 billion in 2018. Alteryx (NYSE: AYX) is a leading player in the market that recently reported stellar quarterly results.

Cloud Stocks: Q2 Holdings Expands TAM with Acquisitions

The markets are down right now, and it might be a good time to scan for some worthy investments among cloud stocks. FinTech company Q2 Holdings (NYSE: QTWO) qualifies for this list with an average revenue growth rate of 26% for the past five years since it went public. Prior to the crash, it had delivered share price growth of 27% per year.  

Cloud Stocks: Paylocity Delivers Solid Results

According to a Research and Markets report, the global Human Capital Management (HCM) market is estimated to grow 10% annually over the next few years to $26.5 billion industry by 2024 from $16.7 billion in 2019. The growth in the industry is expected to be driven by the continued adoption of cloud-based solutions such as those offered by Paylocity (Nasdaq: PCTY).

Cloud Stocks: Smartsheet Looking up to Enterprise Customers for Growth

Earlier this week, Seattle-based Smartsheet (Nasdaq: SMAR) announced its fourth quarter results that surpassed market expectations. Despite the recent turmoil in the stock market, the results helped the stock climb 1% in the after-hours trading session.

Cloud Stocks: DocuSign Resilient to COVID-19

According to a Fortune Business Insights report, the global digital signature market is estimated to grow to $6.1 billion by the end of 2026 from $879.6 million in 2018. DocuSign (Nasdaq: DOCU), a leading player in the market, recently announced its quarterly results that beat estimates.

Cloud Stocks: Xero Focuses on a PaaS Strategy

According to a Market Study report published last year, the global cloud-based accounting software market is estimated to grow at 9% CAGR to reach $4.32 billion by 2024 from $2.63 billion in 2019. New Zealand-based Xero (ASX:XRO) is tapping into this market by focusing on a PaaS strategy.