If there is one company that has surprised everyone with its meteoric valuation rise, it is San Francisco’s Uber. The ride-sharing app provider has defied all controversies and sane judgements about sustainable valuations in the past year. The market is eagerly waiting for it to go public, but till last year with private funding coming easy, Uber was not too keen on listing.
According to a Transparency Market Research report, the global cloud computing market in the healthcare services sector is projected to grow to $6.8 billion by the year 2018 compared with $1.82 billion in 2011. Pleasonton, California-based Veeva Systems is delivering strong performance within this high growth market.
According to recent research reports, the global open source software market was estimated to be worth $2 billion in 2013. Containers are the big rage in the market with tech giants like Microsoft, Amazon, EMC, and Cisco supporting them. Docker is the biggest startup in containers that has made it to the Billion Dollar Club and is set to go public. >>>
According to a MarketsandMarkets report, the Disaster Recovery as a Service market is estimated to grow 53% annually over the period 2015 to 2020. The market is estimated to be worth $11.92 billion in 2020. While North America will be the largest market in terms of market size, emerging markets of Latin America, Asia-Pacific, and the Middle East and Africa will be the ones with high growth rates.
Two years ago, SAP completed the $8.3 billion acquisition of Concur Technologies, clearly highlighting the importance of SaaS-based solutions within the expense management space. According to a TechNavio report, the Global SaaS-based Expense Management market is estimated to grow 19.2% annually over the period 2013 through 2018. The market is dominated by bigger vendors including the likes of Ariba, SAP through its Concur acquisition, IBM, and Oracle. Now, some startups like Coupa are also making their presence felt.
A few years ago, the flash and daily deals market was the rage and we saw several deals companies like Groupon and Zulily waltz into the Billion Dollar Unicorn Club, riding high on its hype. But the fad has passed and has left in its wake some unicorpses including LivingSocial. Gilt Groupe, the pioneer of flash deals in the US, was valued at $1 billion way back in 2011. But it has joined the ranks as a unicorpse* when it was recently acquired for just $250 million by Hudson Bay. >>>
Over the past few years, social media has become an increasingly influential source of gathering news online. According to a PewResearchCenter survey conducted in 2014, nearly half of their Web-using adult users relied on social media sites like Facebook to get news updates. But while social sites may be gaining importance as news sources, the industry is yet to develop an organized method to track performance of digital-only media sources. Thus detailed performance metrics of many of the digital news sources are not known. But that hasn’t stopped valuations within the industry to grow. New York-based BuzzFeed is one such content discovery platform that has managed to successfully leverage social media tools to deliver a highly valued business.
According to Gartner, marketing technology is one of the fastest growing areas of the $1 trillion enterprise software market and CMOs are expected to spend more than CIOs by 2017. Oracle (NYSE: ORCL) has started the new year with the announcement of its plans to acquire web tracking company AddThis. AddThis will become a part of Oracle’s Data Cloud business and will be used to enhance its marketing cloud efforts—an area that has been the focus of its past few acquisitions. >>>
The online lending sector may have witnessed intensified scrutiny in the recent past due to unfavorable publicity in the San Bernardino attacks and other legal cases questioning the regulations imposed on the sector. But that does not take away from the fact that analysts expect the volume of loans extended by marketplace lenders to grow 47% annually through 2020. The worrying circumstances have sent valuations of some of the companies like OnDeck and Lending Club declining, but Avant is still making it big and investing in growth.
According to a W3Techs survey conducted in November last year, 25% of the websites globally use WordPress as their content management system. We are avid users of WordPress and love the product. The open-source platfrom’s market share has increased from 13% back in 2011 to 23.3% by January 2015 before ending the year with 25.6% share. Automattic is looking to increase that share to 50% in the next few years, but it has a long way to go.