According to IBISWorld, the market for HR benefits administration in the United States was expected to grow 1% to $54 billion in 2017. Benefitfocus is a provider of cloud-based benefits software solutions that recently reported its fourth quarter results that were in line with estimates. >>>
According to a MarketsandMarkets report, the global customer experience management market is projected to grow from $5.98 billion in 2017 to $16.91 billion by 2022. That translates to an annualized growth rate of more than 23% over the five-year period. Palo Alto-based Medallia is a Billion Dollar Unicorn player in the space that many believe is ready to go public.
Oracle’s (NYSE: ORCL) recent quarterly results may have outpaced market expectations, but slowing cloud growth has caused a stir amongst analysts as they continue to downgrade the company. The market was very concerned and the stock fell 9% – the worst decline in the last five years.
According to a Zion Market Research report published last year, the global Applications Programming Interface (API) management market is estimated to grow from $609.32 million in 2016 to $ 3.44 billion by 2022. That translates to a healthy annual growth rate of more than 33% during the five year projection period. Billion Dollar Unicorn MuleSoft (NYSE: MULE) is a leading player in the market that is hopeful of delivering $1 billion in revenues in the sector by 2021.
Billion Dollar Unicorn club member Stitch Fix (Nasdaq: SFIX) went public in November last year. It had a choppy start to the listing as its unique business model puzzled the analysts. Stitch Fix operates a hybrid model of subscription and transaction revenue services. Customers subscribe to receive a supply of apparel that Stitch Fix’s stylists and algorithms work out as best suited to the customer’s needs. But the customer does not have to pay a monthly subscription to receive the package. Instead, they pay a fee when the Fix is sent, and, if they want to buy the products in the package, they can apply this subscription fee as credit toward those purchases. In the last few months, the company appears to have instilled some confidence into the market as it has delivered an upbeat quarterly performance.
Adobe (Nasdaq: ADBE) has over the past few years reinvented itself as a cloud-based service provider. Today, it helps its customers to not just create content but also deliver, optimize, and personalize marketing content and applications. Last week, it reported its sixteenth straight quarter of revenue growth driven by growth in its digital media and marketing segments.
It has been over a year since the San Mateo-based spend management firm Coupa (Nasdaq: COUP) went public. The stock has done well so far, and was recently trading at life high levels. The recently reported results have helped drive the stock upwards, as this was the first time that it reported a positive adjusted net income in the fourth quarter.
According to an artprice report published last year, the global art auction turnover was estimated at $6.9 billion for the first half of 2017. The market is dominated by the US, which accounted for $2.2 billion for the period. China came a close second with $2 billion in turnover. Emerging markets of countries like India did not even feature on the top ten markets. But, Mumbai, India-based Saffronart, is trying to make a difference.
According to Gartner, the global application performance monitoring (APM) market is estimated to grow to $5.6 billion by 2020. Billion Dollar Unicorn New Relic (NYSE: NEWR) recently announced its third quarter results. The market is extremely pleased with the company’s performance.
San Jose-based Nutanix (Nasdaq: NTNX) was set up to deliver invisible infrastructure for enterprise computing. Its proprietary software-driven Xtreme Computing Platform converges compute, virtualization, and storage into a single solution to provide a simpler solution to the datacenter. The company was a pioneer in the development of a compute and storage infrastructure that could implement enterprise-class virtualization without involving the investments in expensive network storage. After a disappointing IPO, the Billion Dollar Unicorn hyper-converged storage leader appears to be on a path of recovery.