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.
According to Accenture, the invasion of cloud technologies is revolutionizing the life sciences industry in three key ways – personalization; use of external innovation and data sources in the development of new products; and in leveraging a global operating model. Pleasanton, California-based Veeva (NYSE: VEEV), a Billion Dollar Unicorn player in this market, is witnessing robust growth and delivering stellar performance.
Cracking the Indian small business market for technical products and services is an uphill battle. Yet, the opportunity for impacting the country, perhaps, is the greatest by creating significant technology adoption in the Indian SME sector. Cloud telephony service provider Knowlarity and Greytip are two of the very few companies to succeed somewhat in this space. >>>
According to MarketsandMarkets, the global BI market is estimated to grow at 9.5% CAGR from $17.1 billion to $26.9 billion by the year 2021. Domo is a Billion Dollar Unicorn in this space.