A few years ago, Adobe (Nasdaq: ADBE) began its shift to the cloud by migrating its business from a software sales model to a cloud-based subscription service one. At the onset, the transition was bumpy and analysts had their doubts on whether or not Adobe would be able to deliver. But Adobe’s recent results are strong proof of a decision well made and well executed.
According to a Phocuswright report, the global travel market is expected to grow 7.7% in 2016 to $1.4 trillion. The online travel market, which accounts for about 10% of the total travel market has seen much consolidation over the past few years with Expedia and Priceline going on an acquisition spree. >>>
According to a BI Intelligence report, the US mobile app-install advertising market was estimated to be worth $4.6 billion in 2015. The market is expected to grow to $6.8 billion by 2019, translating to an annual growth rate of 14%. The report estimates that mobile app install ads accounted for nearly 30% of mobile ad revenue last year. Israel’s ironSource is hoping to take a big share of this market.
According to a PwC research report on the US gaming industry, social and casual gaming revenues in the country are projected to grow 4.5% annually from $1.88 billion in 2014 to $2.35 billion by 2019. Social and casual games are expected to account for 12% of total $19.6 billion gaming industry in the US by the year 2019. Another report estimates the global mobile game market to grow from $25 billion in 2015 to $45 billion by the year 2020. Social gaming provider Zynga (Nasdaq: ZNGA) is trying all tricks to improve its market value.
According to security advisory firm SSP Blue, global spending on information security grew 5% in 2015 to $75 billion. Another report estimates the market to grow nearly 10% annually over the next five years to be worth $170 billion by 2020. Emeryville, California-based Tanium is making big moves in this fast-paced market.
Last week, cloud-based storage services provider Box (NYSE: BOX) announced its fiscal 2016 revenues. The company may have beat the Street’s forecast, but the market is still cautious with its valuation. The company’s valuation plunged to less than half after it went public early last year. Things haven’t looked much better since with the stock continuing to languish at less than listing levels.
According to IDC, the worldwide converged systems market revenue increased 6.2% to $2.5 billion in 3Q 2015. Hyperconverged systems sales grew 155.3%, generating more than $278.8 million in sales or 10.9% of the converged systems market. Riding on this high growth, hyperconverged systems vendor SimpliVity has managed to make it to the Billion Dollar Unicorn Club within two years of its product launch. >>>
According to an eMarketer report published last year, global social network ad spending was estimated to grow from $17.85 billion in 2014 to $25.14 billion in 2015. By 2017, this market is expected to grow to $41 billion. While Facebook, Twitter, and LinkedIn dominate the market with more than 75% share, others are also gaining ground.
According to an IBISWorld report, the licensed sports apparel market in the US is estimated to have grown 6% annually over the period 2010 through 2015 to be worth $8.3 billion. The industry has been dominated by traditional players like Dick’s Sporting Goods and Sports Authority. Last week, Sports Authority announced that it was going bankrupt and planned to close 140 stores, nearly a third of its stores. Analysts believe that the company has not been able to keep up with the competition that is not only coming from other brick-and-mortar stores like Dick’s Sporting Goods, but also from other online stores such as Fanatics and Amazon.
According to eMarketer, the total value of mobile payment transactions in the US will grow 210% this year to $27.05 billion. eMarketer estimates that mobile payments in 2015 in the US were worth $8.71 billion, with users spending an average of nearly $376 annually using mobile devices as a payment method. By 2019, mobile payment transactions in the country are expected to grow to $210.45 billion. Billion Dollar Unicorn player Mozido is already delivering strong products in this market.