Tech has become a 5-horse race: Google, Apple, Facebook, Amazon, and Microsoft being the five horses fighting for dominance of Techdom. Google dominates Search and Mobile; Apple dominates mobile; Amazon dominates Commerce and Cloud; Facebook dominates Social; and Microsoft, despite its size, dominates nothing. >>>
Since being founded in 2003, Mode Media, formerly known as Glam Media, had been trying to run a content-based business model that could be scaled while being profitable and relevant. After thirteen years of trying, the company finally gave up this month and abruptly shut down shop. The incident is yet another datapoint in the broader phenomenon driving the media industry: ad-supported businesses simply don’t work unless you are Facebook or Google.
According to analysts, the global digital media and the total addressable market for the Adobe Creative Cloud system is projected to grow to around $21 billion to $48 billion by 2018. Adobe (Nasdaq: ADBE) continues to expand its offerings within the segment and is thus delivering strong financial results each quarter. It recently announced its third quarter results, and this was the tenth successive quarter where it reported revenue growth.
A recent report by MarketsandMarkets on the global cloud-based IT Service Management (ITSM) market projects the industry to grow 15% annually over the next five years to be worth $8.78 billion in 2021 from $4.41 billion in 2016. It is dominated by big vendors including IBM, CA Technologies, BMC Software, Microsoft, and HP. But, Bellevue, Washington-based Apptio is part of the small vendors that are making their presence felt in the industry. And now, the company is ready to go public.
According to an iResearch report, China’s photo app market user base is expected to grow from 226.7 million average Monthly Active Users (MAUs) in 2015 to 714.6 million by the year 2020. The report also reveals that as of June this year, nearly 71% of social network users in China shared at least one photo per week, and almost 21% of these people has used a photo app to enhance photos before sharing them on social media. China’s Meitu is benefiting from this photo sharing trend.
For the past couple of years, cloud has dominated Oracle’s strategy. In July, it announced its plans to acquire NetSuite for $9.3 billion, which underlines this focus. This would be one of its larger multi-billion deals with only the $10.4 billion acquisition of PeopleSoft in 2004 beating it. However, the deal has hit some hurdles as a result of opposition from T. Rowe Price, the second largest stock holder after Larry Ellison who is also a major shareholder in Oracle (NYSE: ORCL). >>>
According to an IDC report published last year, the global marketing technology (MarTech) industry is estimated to grow 12% annually to $32.4 billion by 2018. More recent trends also suggest a growing interest in MarTech industry, away from the AdTech industry, due to its more sustainable business model. A few years ago, I spoke with serial entrepreneur David Steinberg whose latest initiative Zeta Interactive is now a Billion Dollar Unicorn in the MarTech space.
The residential real estate market is a high growth industry in China. According to an Ibisworld report, the industry grew 9% annually over the last five years to be worth $949 billion in 2015. The industry is also not immune to the advancement of Internet in the country. There is an increasing presence of an online-to-offline model where online portals such as SouFun and Leju not only help facilitate buying and selling of houses but also offer additional services geared towards the home owner. Then there are several smaller ones that are creating a ripple by creating pricing wars and following a niche market focus. One such player is Billion Dollar Unicorn Aiwujiwu.
Self-driving seems to be the hot, new sector for funding. General Motors this year bought autonomous-driving startup Cruise Automation for $1 billion while other leading automakers like Mercedes, BMW, and Tesla are also making large investments in this sector. Self-Driving car startup Zoox raised $200 million this year at a billion dollar valuation. And now, all this attention in the sector is working in favor of Quanergy Systems, which makes sensors for self-driving cars and has just joined the Billion Dollar Unicorn Club. >>>
Market reports estimate that in the UK, online orders account for 40% of all food delivery compared with 8% market share in 2008. Deliveroo is one company that has helped drive this percentage upwards. The company is fast approaching the Billion Dollar Unicorn status and is also expected to be an IPO prospect.