According to a Business Insider Intelligence report, the furniture retail category, which includes home goods, is among the fastest-growing segments in e-commerce. The research estimates that an estimated $38 billion was spent in 2016 to buy furniture online and accounted for nearly a quarter of the total market in America.
A recent report published by MarketsandMarkets expects the IT Service Management (ITSM) market to grow from $4.41 billion in 2016 to $8.78 billion by 2021, which translates to an annualized growth rate of nearly 15% over the next five years. The growth in the industry is driven by the continuing adoption of mobile and Bring Your Own Device (BYOD) policies across organizations. But that is not the only cloud-based enterprise service that is expanding. Another report by by Gartner estimates the global Public Cloud Services market to grow from $209 billion last year to $383.5 billion by the year 2020 with enterprise offerings of human capital management (HCM), customer relationship management (CRM) and the financial application services becoming the second largest line of business. Gartner expects these services to grow from $38.6 billion last year to $75.7 billion by 2020.
An IDC report published earlier this year, the Worldwide Semiannual Big Data and Analytics Spending Guide, forecasts global revenues for Big Data and business analytics to grow 12% this year to $150.8 billion. The 12% growth rate is expected to continue through to 2020, when the industry would have grown to more than $210 billion. The growth will be driven by investments made in the banking, discrete manufacturing, process manufacturing, federal/central government, and professional services sectors. All combined, these five sectors are estimated to spend $72.4 billion on the analytics solutions this year and will grow to $101.5 billion by 2020.
According to a Boston Consulting Report published earlier this year, B2B spending on the Internet of Things (IoT) technologies, applications, and solutions is estimated to grow to $267 billion by the year 2020. Nearly half of this spend is expected to be driven by the manufacturing, transportation and logistics, and utilities sector. This high value market is now a prime focus area for ERP giant SAP (NYSE: SAP) that already has a sizable presence in those sectors.
According to a report from the Internet and Mobile Association of India and market research firm IMRB International, overall Internet penetration in India is currently around 31% with 60% penetration in Urban India. The number of Internet users in India was expected to reach 450-465 million by June 2017, up 4%-8% from 432 million in December 2016. Another report by research firm Counterpoint estimated that India’s smartphone user base grew 18% to over 300 million in December 2016. Increasing Internet and smartphone penetration are fuelling the growth story of Indian Billion Dollar Unicorns like Ola Cabs. >>>
IBM (NYSE: IBM) has reported revenue decline for 21 straight quarters now. It has tried its hand at disruptive technologies like Blockchain, cloud and security, artificial intelligence (AI), and Internet of Things (IoT). But nothing seems to be working yet. >>>
Twitter’s (NYSE: TWTR) future continues to look bleak. The financial performance in the recently announced quarterly results may have outpaced market expectations, but other metrics failed to impress. Twitter hasn’t figured out how the social and mobile worlds can be leveraged to deliver a growing business venture.
Earlier this week, Apple (NASDAQ: AAPL) announced a stellar quarter. Not only did it manage to turnaround the declining iPad sales, but it also promised a better outlook. The performance helped send the stock to record high levels.
It has been a busy quarter for Amazon (NASDAQ: AMZN). Earlier last month, Amazon announced a $14 billion acquisition of high-end grocery store Whole Foods. It was a surprising addition for the company, and its biggest one to date. But, first the earnings, which missed analyst expectations and sent the stock below its $1,000 milestone.
Alphabet (Nasdaq: GOOG) recently announced its second quarter results that outpaced market expectations driven by robust performance in both the mobile and YouTube offerings. But despite the better than expected results, the stock slipped a bit as the market reconciled with the rising Traffic Acquisition Costs (TAC).