According to a Grand View Research report published last year, the global identity and access management (IAM) market is estimated to grow 13% annually to $22.7 billion by the year 2025. The growth is expected to be driven by the rising adoption of cloud services and mobile devices and the continued need to drive compliance to manage insider threat. Billion Dollar Unicorn Okta (NASDAQ: OKTA) reported its third quarter results last month that surpassed market expectations.
According to a MarketsandMarkets research report, the global Enterprise Collaboration Software market is expected to grow from $34.6 billion in 2018 to $59.9 billion by 2023, translating to an annualized growth rate of nearly 12% over the five year period. Billion Dollar Unicorn Smartsheet (NASDAQ: SMAR) recently announced its second acquisition in a bid to keep itself ahead of the pack in this high growth market.
Last year researcher Forrester released an employee experience playbook focused on driving improvement in overall employee experience. Forrester analysts had also pointed out how enterprises fail when it comes to delivering exceptional services to themselves or their employees. Service providers like Espressive are setting up shop to help enterprise departments overcome these shortcomings.
A couple of years back, Zomato was floundering as a restaurant search, discovery, reviews, and ratings service. However, with the help of several acquisitions, it diversified into the food delivery sector and has now bounced back into the Billion Dollar Unicorn Club. >>>
The stock market has had a turbulent last quarter, but Billion Dollar Unicorn MongoDB (Nasdaq:MDB) seems immune to the fluctuations. Since listing on the Nasdaq in October 2017, the database services provider has seen its stock more than triple. Recent results suggest that the growth is not slowing down soon.
A recent Research and Markets report estimates the global dockless bike sharing market to grow 21% annually over the period 2017 to 2022. But while global forecasts may sound appealing, China is witnessing an implosion in the industry. In 2017, China had nearly 40 bike sharing companies operating across its cities, with Beijing alone witnessing more than 2.3 million bikes from 15 providers. But since then, a few of these players have shut down and filed for bankruptcy. But recently, Billion Dollar Unicorn Hello TransTech raised additional funding, raising some hope for the industry.
Billion Dollar Unicorn Splunk (NASDAQ: SPLK) recently announced its third quarter results that outpaced guidance for the 27th consecutive quarter. Splunk may have initially been launched as a machine generated data analytics platform, but today it has expanded into several diverse areas. It remains focused on becoming “the ubiquitous machine data platform, the standard in every organization” in the field of IT operations and application delivery, security compliance, fraud management, business analytics, and the Internet of Things.
According to a recent report, the global talent management software market is estimated to grow 18% annually to $29.7 billion from $7.9 billion in 2017. Talent management software provides HR teams with the ability to control and manage various aspects of HR actions and helps them maintain employees’ details. One such provider is San Francisco-based Reflektive that is trying to gamify the process of employee appraisals and feedback. >>>
According to Crisil, online grocery in India is expected to grow between 65-70% annually to $1.4 billion by 2020. According to market intelligence provider Kalagato, BigBasket leads the online grocery market with a 35.2% share followed by rival Grofers at 31.5% and AmazonNow at 31.2%. >>>
A survey of 7,000 people conducted by the research firm Populous found that 3.6% of those surveyed had used a dockless scooter recently. Given the short period of time that dockless scooters have been in business, that is believed to be a much quicker adoption rate than that of dockless bikes. The market is currently dominated by two key players. Billion Dollar Unicorn Bird and Lime, which we had covered recently.