According to the Department of Energy, the fuel-cell industry grew to $2.2 billion in 2014, up from $1.3 billion in 2013. The $2 trillion a year electric power industry is poised to grow 80% by 2040 while fuel cell market estimates range from $5.2 billion in 2019 to $40 billion in 2022. Bloom Energy is estimated to account for 40% of the large stationary fuel cell market. >>>
According to Newzoo, global gaming industry revenues were estimated to grow 9.4% to $91.5 billion in 2015. The industry is expected to be worth $107 billion in 2017 driven by gaming on tablets and smartphones. Little wonder then that gaming accessory and platform developer Razer is a member of the Billion Dollar Unicorn club.
According to a MarketsandMarkets report, the hybrid cloud market is expected to reach $85 billion in 2019, up from $25 billion in 2014. That translates to a CAGR of 27%, which outpaces the growth of the overall IT market. Hybrid cloud is a strong focus area for HP Enterprise (NYSE: HPE) after the recent split. HPQ, on the other hand, is continuing to struggle after the split. >>>
According to the US Department of Health & Human Services, about 10.2 million people are covered through the Health Insurance Marketplace under the Affordable Care Act. The Affordable Care Act has led to the mushrooming of several startups using technology in sectors related to healthcare. Oscar is one such startup that has made it to the Billion Dollar Unicorn Club. >>>
According to a Zinnov research report, India’s mobile commerce market is estimated to grow to $19 billion by the year 2019 from $2 billion in 2015. The growth is being driven by smartphone sales supported by a wave of low-cost handsets. Cisco’s reports estimate that the number of smartphone users in India will grow nearly five times to 651 million by 2019 compared with 140 million by the end of 2014. Billion Dollar Unicorn club member One97 Communications is counting on this rapid explosion to sustain its valuation.
There aren’t many success stories out of Africa. But things appear to be changing now. According to a McKinsey research report, a third of the African population currently has Internet access. It estimates that Internet penetration will increase to 50% and that the country will see 360 million smartphone owners by the end of 2025. Africa Internet Group (AIG) is the first Billion Dollar Unicorn out of the continent and it is already making big news.
Software has increasingly become pervasive in all kinds of businesses driven by the use of open source. It allows businesses to get high-quality programs while saving on licensing fees and programming costs. It has led to several disruptive companies that have gone on to become billion dollar businesses. GitHub is a Billion Dollar Unicorn that has risen due to the open source movement. >>>
According to a Gartner report published earlier this year, the global cloud application services, including SaaS offerings, is expected to grow 20% this year to $37.7 billion. The market was estimated to have grown 16% in 2015 to $31.4 billion. Gartner attributes this growth to the shift in the models of software vendors who are transitioning from on-premises licensed software to public cloud-based offerings. SaaS based enterprise application services provider Workday (NYSE: WDAY) is already seeing the benefits of this growth. >>>
According to a ResearchandMarkets report, the global protein therapeutics market is expected to reach $208 billion by the end of 2020. Moderna Therapeutics is a startup in the field that has captured the imagination of VCs and waltzed into the Billion Dollar Unicorn Club. >>>
According to Gartner, the worldwide cyber security market was estimated to grow 4.7% to $75.4 billion in 2015. Growth in cloud computing, mobile computing, and the Internet of Things as well as advanced cyber attacks have spurred interest in security technologies. Another report by MarketsAndMarkets expects the global cyber security to grow 9.8% annually over the next five years to be worth $170.2 billion by 2020. >>>