According to Transparency Market Research, the global sales performance management market grew 17.1% annually from $2.3 billion in 2017 to $8.1 billion by the end of 2025. Utah-based InsideSales.com is a Billion Dollar Unicorn in the sales performance enhancement space. It has been toying with the idea of an IPO for a while. Maybe 2018 is the year that it lists.
According to a recent market report, the global visual analytics market is expected to grow at a CAGR of 22% to reach $7.7 billion in 2023. Data analytics firm Tableau (NYSE: DATA) is a leading player in the industry. In its recent results, it beat estimates driven by a 46% growth in annual recurring revenues. >>>
Cloud-based enterprise applications provider ServiceNow (NYSE: NOW) recently announced its first quarter results. As usual, the company continued to outpace market expectations. In fact, given ServiceNow’s performance, the company was recently qualified as one of the “cloud kings” by analyst Jim Cramer. It has been one of my favorites as well.
Last quarter Apple (Nasdaq: AAPL) announced plans to bring overseas cash stock back into the country in view of the change in the tax code. This quarter, it announced a record share repurchase plan to utilize some of that cash. This begs the question whether the incentives to allow corporations to bring overseas cash back in is producing actual investment or is it all going into the pockets of the already wealthy shareholders.
Alphabet (Nasdaq: GOOG) recently announced its first quarter results. The revenues for the quarter outpaced market expectations, as the company continued to drive growth through its growth engines of YouTube, Cloud, and Smart Home.
Amazon (Nasdaq: AMZN) recently announced its first quarter results that surpassed all market expectations and sent the stock soaring. The market is very pleased with its performance. Besides increasing the stock’s price target, analysts believe that it may well be on its way to becoming a trillion-dollar company. Clearly the recent remarks by President Trump about the company did not hurt it at all.
Microsoft (Nasdaq: MSFT) last week announced its third quarter results that blew past all market expectations. Microsoft’s Azure continued to shine and helped boost its Intelligent Cloud revenue. >>>
Last month, the world was shocked at how Cambridge Analytica harvested private data from the Facebook (NASDAQ: FB) profiles of millions of Americans without their permission. Following this massive data leak, Facebook CEO Mark Zuckerberg appeared before the Senate’s Commerce and Judiciary committees in early April to apologize and defend the company. >>>
Analysts estimate the global Internet of Things (IoT) market to grow 29% annually over the next few years to become a $457 billion industry by the year 2020 from $157 billion in 2016. Redwood City-based C3 IoT is a leading player and a Billion Dollar Unicorn member in the sector.
According to a ResearchandMarkets report published earlier this week, the global Data Center Colocation Market is estimated to grow 15% annually over the next five years to $73.8 billion by 2023 from $31.25 billion in 2017. Redwood City-based Equinix (NYSE:EQIX) is a leading player in the segment.