According to a Tech Navio report published last year, the market for online fashion retail in the US will grow 14% annually through to 2020 driven by increased security measures for online payments, improved logistics with reference to product delivery, better online customer service, and easy-to-navigate shopping websites. Billion Dollar Unicorn club member Stitch Fix, that I wrote about briefly in 2014, has built a successful company in this space.
According to the Internet Trends 2017 report by Mary Meeker of Kleiner Perkins Caufield & Byers, the number of Internet users in India increased 28% to 355 million and internet penetration grew to 27% in 2016. About 80% of Internet usage is through mobile phones. A major beneficiary of this trend is leading wallet company and Billion Dollar Unicorn Paytm. >>>
Earlier this year, Big Data vendor and Billion Dollar Unicorn club member Cloudera filed to go public. Analysts weren’t very optimistic of the company’s valuation on the stock market. But that did not deter the listing. Recent performance suggests that while Cloudera may have lost its earlier lofty valuation, it still manages to stay put in the Unicorn club.
An Allied Market Research report published earlier this year estimates the global mobile payments market to grow 33% annually to $3,388 billion by 2022. The growth in the market is expected to be driven by the Asia-Pacific region. Billion Dollar Unicorn club member Stripe is a leading player in the industry, which also happens to be the most valuable financial technology startup that is still privately held.
According to a Mordor Intelligence report published last year, the global Electronic Medical Records (EMR) market is estimated to grow 10% annually to be worth $22 billion by the year 2021. The industry’s revenue was estimated at $13.64 billion in 2016. Boca Raton-based Modernizing Medicine is making big strides in this high growth market to become a Billion Dollar Unicorn club member.
According to a MarketsandMarkets report, the Identity Access Management market is expected to grow 17% annually over the next five years. The industry is estimated to be worth $14.3 billion in 2017 and projected to grow to $31.75 billion by 2022. Austin-based SailPoint Technologies is counting on this growth as it prepares to go public.
According to eMarketer, worldwide digital ad spending will reach $223.74 billion in 2017. Mobile will account for 63.3% of digital in 2017 and is expected to grow to a 77.1% share of digital in 2021. InMobi is an Indian Billion Dollar Unicorn that has recently achieved profitability in this sector. >>>
According to Gartner, the Corporate Performance Management (CPM) market is essentially made up of two key components: Financial CPM (FCPM), and Strategic CPM (SCPM). Gartner believes that 70% of organizations will benefit from additional business value generated from these services and will continue to invest in the market through 2020.
SaaS-based enterprise application services provider Workday (NYSE: WDAY) reported an impressive first quarter performance. The company attributes its performance to a “great product” and customer satisfaction.
According to a MarketsandMarkets report, the global cloud-based ITSM industry is expected to grow 15% annually over the next five years to be worth $8.78 billion in 2021. Bellevue, Washington-based Apptio (Nasdaq: APTI), which listed last year is trying to make its mark in this industry.