Referring to online reviews is no longer restricted to restaurant booking, hairstylists, or your neighborhood dog walker. More and more people are using job review sites like Glassdoor.com to review their next new job. Little wonder then that the increasing traffic has helped drive valuations upwards as the company gets ready to go public.
Last year, Billion Dollar Unicorn player Match.com (Nasdaq: MTCH) went public and listed in times when most Unicorns and venture capitalists were re-evaluating valuations. But despite the circumstances, Match appears to have done well with the stock still trading above its initial listing price and the company still being valued at multi-billion dollars.
According to a Markets and Markets report, the global facility management market is estimated to be worth $49.44 Billion by 2020. The industry is expected to grow 13% annually over the five-year period from 2015 through 2020. The industry was pegged at $27.25 billion in 2015. Chicago’s SMS Assist is among the leading players in the industry that entered the Billion Dollar Unicorn club recently.
According to Gartner, worldwide IT spending is estimated to grow to $2.77 trillion this year. Gartner projects the overall security market to grow 7.8% annually over the next three year period through 2019. Another report by MarketsandMarkets projects the global cyber security market to grow from $106.32 billion in 2015 to $170.21 billion by 2020, translating to an annual growth rate of 10%. Billion Dollar Unicorn player Cylance is making a mark in this high growth market.
According to Business Insider, 10 million self-driving cars will be on the road by 2020. Several leading automakers like Mercedes, BMW, and Tesla are soon going to try to release self-driving cars (regulation permitting) and a driverless future may not be so distant. According to Boston Consulting Group, the global driverless car market is expected to reach $42 billion by 2025. Riding on this potential is self-driving car startup Zoox that recently joined the Billion Dollar Unicorn Club. >>>
According to a report by Global Industry Analysts, the global market for Virtual Reality (VR) in Healthcare is estimated to be worth $3.8 billion by 2020. The United States is expected to be the largest market globally driven by increasing spend on R&D and investments in VR technology by government and private companies. Meanwhile, Asia-Pacific is projected to be the fastest growing market with a growth rate of 23.2% annually. Billion Dollar Unicorn club member MindMaze is a leading player in this market.
A report by HSBC published last year estimates the online to offline (O2O) market in China to be worth more than $150 billion in size. The online segment of this market grew 80% during the first half of last year to $47 billion. The market is expected to continue to have a strong growth opportunity. China’s Ping An Good Doctor has made a mark in the healthcare O2O market and is a new entrant to the Billion Dollar Unicorn club.
Recent news reports suggest problems ahead for Chinese search giant Baidu (Nasdaq: BIDU). The company announced its lackluster quarterly forecast last month and that was followed by increased Internet censorship by regulators in China. But first, the financials.
According to Dealogic, there have been just 34 IPOs so far this year, compared to 72. There have been only three tech IPOs so far and the market response has been lukewarm to all but Twilio, which went public last week on the NYSE under the ticker TWLO. >>>
There appears to be a heated race among the top cloud players to get to the $10 billion mark. Salesforce.com has always boasted of how it will be the first company to reach that mark. But in the recent result announcements, its rival Oracle (NYSE: ORCL), proclaimed that it could very well be the first one instead.