Earlier last month, financial technology Billion Dollar Unicorn Avalara (NYSE: AVLR) went public. While it has been a very short run so far, the stock has done rather well. The company estimates its US addressable market alone at $8 billion. Avalara has just scratched the surface here, and has a lot of potential. But first the numbers.
According to a recent eMarketer report, the US programmatic advertising industry is expected to reach $46 billion this year. By 2020, 86.2% of all digital display ads are expected to be bought via automated channels. Billion Dollar Unicorn AppNexus is a leading player in the segment that was expected to go public this year. But earlier last month the company was bought over by AT&T. >>>
Electronic signature company and Billion Dollar Unicorn DocuSign went public in April on the NASDAQ exchange under the ticker DOCU. It recently announced strong results in its first earnings report as a public company. >>>
Life sciences-focused cloud computing solutions provider Veeva (NYSE: VEEV) recently announced its first quarter results. The company continued to outpace market expectations during the quarter.
According to a recent market report, the global cloud-based contact center market is projected to grow 25% annually from $6.80 billion in 2017 to $20.93 billion by 2022. Billion Dollar Unicorn Five9 (Nasdaq: FIVN) is a pioneer and leading provider of cloud software for contact centers.
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According to the Federal Reserve Bank, there were nearly $1.38 trillion of consumer loans at all commercial banks in the US as of July 2017. The global consumer lending balances at the beginning of 2016 are estimated to be $42.3 trillion. A TransUnion report estimates the personal loan balance was at $107 billion at the end of the second quarter of 2017, recording a 11% growth over the previous year. Billion Dollar Unicorn Affirm is helping simplify and automate the consumer loan industry.
Insurance-focused platform Guidewire Software (NYSE: GWRE) recently announced its third quarter results that outpaced market expectations. The company provides web-based tools to insurance companies to help them handle claims, manage receivables, and underwrite and administer policies.
Data analytics company Domo has recently filed to go public on the NASDAQ under the ticker DOMO. As a private company it had raised close to $700 million and was valued at over $2 billion, qualifying it as a Billion Dollar Unicorn. But its recent filing for the IPO now values it at $510 million. >>>
According to a recent MarketsandMarkets report, the global customer experience management market is projected to grow at a CAGR of 23% from an estimated $5.98 billion in 2017 to 16.91 billion by the year 2022. Provo, Utah-based Billion Dollar Unicorn Qualtrics realizes the importance of this market as it pushes its efforts within the sector.
Oracle (NYSE: ORCL) recently reported its fourth quarter results that surpassed market expectations. But the Street was not very thrilled as the analysts remained worried about the continued slowdown in the cloud segment. >>>