According to a MarketsandMarkets report, the global customer experience management market is estimated to be worth $4.36 billion in 2015. The market is expected to grow 20% annually over the next five years to be worth $10.77 billion by 2020. The growth in the market is driven by the increasing adoption of newer channels such as mobile devices, social media, and other digital platforms that the customers are using to connect with brands.
Microsoft (Nasdaq: MSFT) has figured out the key to success. Satya Nadella’s focus on the cloud has helped the company deliver stunning quarterly results for the last few quarters. The latest quarter was no exception.
According to Gartner, the Infrastructure as a Service market is expected to grow 38.4% in 2016 to reach $22.4 billion. Billion Dollar Unicorn club member and hyperconverged storage provider Nutanix has recently filed to go public with plans to raise $200 million. >>>
A MarketsandMarkets report estimates the advanced analytics market to be worth $7.04 billion in 2014. The market is expected to grow 33% annually to $29.53 billion by the year 2019. The advanced analytics market includes analysis of all kinds of data using sophisticated quantitative methods such as statistics, predictive and descriptive data mining, visualization, and optimization for forecasting.
According to a MarketsandMarkets report, the Identity and Access Management (IAM) market is estimated to grow 15% annually over the period 2014 through 2019 to be worth $18.30 billion in 2019. North America is expected to be the biggest market in terms of revenue contribution but emerging economies of Asia-Pacific (APAC) and Middle East and Africa (MEA) are expected to deliver higher growth rates during the coming years.
According to a 2014 study by InsideSales.com on sales acceleration technology, the US market is estimated to grow from $12.8 billion in 2014 to more than $30 billion by 2017. The report estimates the market to have grown 40% in 2015. According to another study on the European market, European businesses are spending nearly $6,590 per sales rep per year on sales acceleration technology compared with $2,280 per rep per year spent in the US.
According to a report by research firm IHS, the global network security appliance and software market was trending at $8 billion annual run rate as of 2015. The analyst expects the market size for data center and carrier appliances and virtual security appliances to grow 42% over the period 2015 through 2019. Here is an interesting story of IPO candidate Illumio that has helped take network security to the next level.
According to the global Digital Transaction Management (DTM) report by Aragon Research, 70% of large companies globally are working toward implementing DTM as a business imperative by the end of 2016. The DTM market is estimated to grow to $30 billion by 2020.
An IBISWorld report had pegged the US interior design market to be worth $12 billion in 2015. Overall, the home improvement market is expected to be worth about $350 billion-$500 billion, growing 6% annually. According to a State of the Industry survey published by online vendor Houzz, more than half the interior decorating businesses expect revenues to grow by more than 10% and nearly a third of them expect revenues to grow by more than 15% in 2016.
According to Gartner, there is a shift in the BI market away from IT-developed reporting solutions toward business user-led analytics solutions. Gartner predicts that by 2017, most business users and analysts in organizations will have access to self-service tools to prepare data for analysis. Domo has made it to the Billion Dollar Unicorn Club riding on this trend and is now looking to go public. >>>