According to a report by Statista, the global music streaming market is expected to grow from $11.44 billion in 2018 to $14.79 billion in 2022 at a CAGR of 6.6%. User penetration was at 24.7% in 2018 and is expected to grow to 26.6% by 2022. Earlier this month, streaming music service provider Spotify went public. Here is a quick look at the Billion Dollar Unicorn player’s performance so far.
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According to a MarketsandMarkets report, the enterprise video market is forecast to grow at a CAGR of 20.1% from $16.34 billion in 2017 to $40.84 Billion by 2022, primarily driven by the rising demand for video as a tool to enhance communication and collaboration across enterprises and the rising adoption of cloud technology. Zoom Video Communications is a Billion Dollar Unicorn that is reporting growth rates of 150%. >>>
Linux may not be the OS of choice for desktops, but it dominates the world when it comes to Supercomputers, Web Servers, and Chromebooks. Additionally, Linux Kernel actually powers the Android OS that is used in Android-based mobile devices. According to market reports, as of 2017, Linux powered all of the top 500 supercomputers in the world.
According to a study by the Mortgage Bankers Association, the US lenders are expected to issue a smaller amount of mortgages in 2018. Total mortgage originations are expected to fall to $1.60 trillion this year from $1.69 trillion in 2017. The amount of new loans to refinance a home are expected to drop 28.3% to $430 billion and the amount of new mortgages to buy a home will grow 7.3% to $1.2 trillion in 2018. The market is being impacted by low housing inventory and rising interest rates. Despite the weak market projections, Billion Dollar Unicorn club member and mortgage origination services provider Elli Mae (NYSE: ELLI) is continuing to do strong business.
A recent study on the Freelance industry in the US estimates that nearly 36% of the US workforce, or 57.3 million Americans, are freelancing. The research estimates that these freelance workers contribute approximately $1.4 trillion annually to the economy, an increase of almost 30% since last year. By 2027, researchers believe, that freelancers will account for majority of the US workforce. Growth like that should have been promising for freelance services provider Upwork. But the former Billion Dollar Unicorn club member is struggling to take advantage of these trends.
Last week, on-demand shipping startup Shyp Co-Founder and CEO Kevin Gibbon announced that the company is shutting down operations and laying off all employees. This comes after a five-year journey in which it had raised $62 million and had a valuation of $250 million. >>>
Docker is the biggest startup in containers that made it to the Billion Dollar Club in 2015. It recently raised another round of funding that valued it at $1.3 billion. >>>
Last month, cloud-based accounting and tax giant Intuit (NASDAQ: INTU) reported a strong second quarter that beat analyst estimates. However, its soft outlook is causing analysts to ponder the growth rate question. >>>
The past couple of years have been transformational for Symantec (NASDAQ: SYMC) with two divestitures, several acquisitions, and new leadership. It has now refocused itself exclusively on cyber security and has undertaken several measures to reduce complexity and costs. >>>
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According to American Pet Products Association, Americans spent close to $70 billion in 2017. About $30 billion were spent on Food, $17 billon on Vet Care, $15 billion on medicines and supplies, $2 billion on animal purchases, and $6 billion on other services. BarkBox is a niche box-subscription service company that caters to dogs. >>>