According to a research report by WARC and Moore Stephens, the global MarTech budgets have grown 44% last year to $99.9 billion with about 23% of marketing budgets now spent on MarTech in the UK and North America. Billion Dollar Unicorn HubSpot (NYSE:HUBS) continues to see rapid adoption of its services as well.
According to a Market Research Engine report, the global Identity and Access Management Market is expected to grow 12% over the next few years to $14.5 billion by 2021. Denver, Colorado-based Ping Identity is a leading player in the segment that has had an interesting run so far.
According to a report published by Transparency Market Research, the global accounting software market is estimated to grow from $5.7 billion in 2017 at nearly 9% annually over the next few years to $11.8 billion by 2026. Xero (ASX:XRO) is a leading player from New Zealand, which is making its presence felt in the industry.
According to ASSOCHAM, India spends around 14.4% of its GDP on logistics and transportation as compared to less than 8% spent by the other developing countries. The Indian logistics sector is set to reach $307 billion by 2020. In India, road freight accounts for around 63% of the total freight movement across the country. Gurugram-based Rivigo is a logistics startup that utilizes data and technology to make logistics human, faster, safer, and cost-effective. >>>
According to a Research and Markets report, the global security and vulnerability management market is expected to grow 9.3% over the next few years to $13.7 billion by 2026. Earlier this week, cloud-based security player Qualys (Nasdaq: QLYS) reported its upbeat fourth quarter results. Qualys also recently announced the acquisition of a 1Mby1M company Adya.
According to a recent report, the global online survey software market is estimated to have grown 12% annually over the period 2014 to 2018 to $2.8 billion in 2018. The industry is estimated to grow to $5.7 billion by the year 2020. Billion Dollar Unicorn SurveyMonkey (Nasdaq: SVMK) recently reported its fourth quarter results that failed to impress the market.
IT Business Management firm Apptio has had a roller coaster ride in the past few years. Founded in 2007, Apptio had listed on the Nasdaq in 2016. The company continued to gain valuation while being listed. But last year, it agreed to be acquired by private equity firm Vista Equity Partners in a move that has been questioned by shareholders. Late last year, shareholders even filed a lawsuit challenging the acquisition.
According to a Research and Markets report, the global education technology market is estimated to grow 15% annually during the period 2018 to 2024. The growth is expected to be driven by academic institutions who are providing off-campus licenses for software, repositories for courses and study materials, and online course catalogs. Cedar Valley, Utah-based EdTech company and Billion Dollar Unicorn Pluralsight (Nasdaq: PS) recently reported its fourth quarter results that surpassed market expectations.
According to ResearchAndMarkets, the global inventory robots market is expected to grow at a CAGR of over 13% by 2023 and expected to reach $3.1 billion by 2020. Booming growth of the e-commerce industry comes with its own problems such as rising wages, increasing rivalry, and price wars. To deal with them, retailers are turning to inventory robots. GreyOrange is a company that designs, manufactures, and deploys advanced robotics systems for warehouses, distribution and fulfillment centers. It has a 90% market share in India. >>>
According to an Edison Research report, nearly 73 million people in the US listen to some form of podcast on a monthly basis. While podcasts have been around for a while, the service gained popularity in 2014 following the release of an investigative documentary called Serial that provided different views on a murder investigation and trial. Recently, Billion Dollar Unicorn Spotify (NYSE: SPOT) also recognized the importance of the podcast market when it announced two acquisitions in the space. But first, the financial results.