According to the AAA, nearly 180 million people visited online travel sites per month in 2015, recording a 27% growth over the year. Researchers believe that most of the online growth in the coming years will be driven from Italy, Spain, Germany, Mexico, China, the United Arab Emirates, Brazil, Norway, and India as the markets of Europe and the US have matured. >>>
According to an IBISWorld research report, the US market research market is estimated to be a $20 billion industry this year, having reported a modest 0.4% annual growth since 2011. The future of the industry is expected to be driven by the growing use of social media that will revolutionize traditional methods of conducting market research.
According to Morgan Stanley, by the year 2020 the total Indian Internet market is expected to reach $159 billion while the e-commerce market is expected to reach $119 billion. About $6.6 billion funds were pumped into the market in 2015, an increase of 50% over 2014. While Flipkart and Snapdeal hold 45% and 26% of the gross merchandize value (GMV) market share, Shopclues is the most capital efficient online marketplace. All these factors have seen ShopClues rise up to be a Billion Dollar Unicorn. >>>
According to a recent Accenture survey report, 18% of North Americans use mobile payments technology on a regular basis. It is a much higher percentage for millennials and higher-income households, of which 23% and 38%, respectively, use contactless payments at least once a week. But the market is a fast growing one. eMarketer forecasts the total value of mobile payment transactions to increase 210% this year to $27.05 billion.
According to market research firm Technomic Inc, the global market size for home delivered fresh meal kits is estimated to be a billion dollars. The US meal kit market alone is expected to grow to be worth $3 billion-$5 billion in the next 10 years.
According to a recent eMarketer report, for the first time ever, the digital display ad spending in the US will surpass search ad spending. Display advertising which includes video, sponsorships, rich media, and “banners and other” will be worth $32.17 billion this year compared with search advertising market of $29.24 billion. Total digital advertising industry is expected to be worth $67.09 billion in 2016 compared with $58.12 billion in 2015. Digital spending is estimated to grow to $93.7 billion by the year 2019.
The on-demand food delivery market has been in the news recently due to the entry of a new player – Uber in the form of UberEats. Today, when a consumer wants to order food, they have multiple options to choose from. They can either visit the restaurant’s site, or an aggregator like Seamless, GrubHub, or to a company like DoorDash, UberEats, and Caviar to get food delivered. UberEats comes with the might of Uber and that has caused smaller, but similar, service provider SpoonRocket to shut down its business. Meanwhile, competitor DoorDash is also facing trouble securing funds at expected Unicorn valuations.
Driven by businesses accelerating their transformation into data-driven companies, the Big Data technology and services market is expected by IDC to grow at a CAGR of 23.1% over the 2014-2019 period with annual spending reaching $48.6 billion in 2019. However, the Big Data market is maturing and the y-o-y growth is forecast to gradually slow. Cloudera has long been seen as one of the next hot IPOs. In recent times, shares of Big Data and cloud players like Tableau and Hortonworks have plummeted, and the market volatility has affected the IPO plans of Cloudera. >>>
According to a MarketsAndMarkets report, the global cyber security market is estimated to grow 9.8% annually over the next five years to be worth $170.2 billion by 2020. The market was estimated to be worth $106.32 billion in 2015. North America is expected to continue to be the largest market on the basis of spending while Latin American and Asia-Pacific regions will see the highest growth rates.
According to Gartner, the global spending on information security was estimated to grow 5% in 2015 to $75.4 billion. The increase in spending was driven by government initiatives, increased legislation, and high-profile data breaches. Campbell, California-based ForeScout Technologies is a rising star in the industry and a recent entrant to the Billion Dollar Unicorn Club.