According to a 2014 Accenture report, the global market for electronic health records (EHR) is projected to grow to $22.3 billion in 2015. North America is expected to remain the biggest region in the industry, growing 7% annually to bring in $10.1 billion. Westborough, Massachusetts-based eClinicalWorks is a growing force in the industry and a proud member of the Billion Dollar Unicorn club member. What’s more, the company was bootstrapped with a paycheck.
According to an IDC report, the global smartphone shipments were expected to reach 1.3 billion in 2014. In Q3 2014, Samsung was the leader in the global market with 23.7% market share. Apple came in a distant second with 11.7% share followed by Chinese smartphone maker and Billion Dollar Unicorn club member Xiaomi with 5.2% share.
According to a recent report by Deloitte Digital, the global e-commerce market is projected to grow to $1.4 trillion by the year 2016. Here is how London-based ASOS.com entered the Billion Dollar Unicorn club by focusing on the niche market of designer products for the twenty-somethings.
A BIA/Kesley report published in 2014 estimated the local digital media ad spending to grow 13.1% to $35 billion in 2015. The report includes both desktop and mobile ad dollars in its computation. The growth is phenomenal considering that total local media ad spend growth is estimated to be a mere 1.6%. The report estimates that by the end of 2015, the share of digital advertising for local media spend will grow to nearly 25% compared with 22.6% in 2014. >>>
After delivering a much awaited $25 billion IPO last year, Chinese e-commerce player Alibaba’s (NYSE: BABA) glitter seems to be wearing off. The company is dealing with the SEC and Chinese regulators on sale of fake goods on their website and the latest financial results weren’t particularly impressive. To make it scarier, Jack Ma recently said that the company “isn’t too big to fail.”
According to a recent study, active Internet users in India have grown from 21 million in 2006 to over 243 million by June 2014. And the trend is catching faster within the mobile segment. India had an impressive 185 million active mobile device Internet users last year. The growth of Internet penetration is leading to significant growth in e-commerce in the country as well. The e-commerce market in the country is estimated to have grown to $10 billion-$16 billion in 2014 and is projected to grow to $60 billion-$80 billion by the year 2020. The trend is helping set the stage for several potential Billion Dollar Unicorn club members in India as well.
A Goldman Sachs study published last month estimates the global SaaS market to grow to $106 billion by next year, translating to a 15% growth over the year. Here is an interesting story of MuleSoft, an integration platform provider for multiple SaaS-based enterprise applications that is expected to join the Billion Dollar Unicorn club soon.
Till a few years ago, flash sales sites were the darlings of e-commerce. But soon, as the fad passed, so did their valuation. One of the recent sites to have fallen off the plank is Zulily (Nasdaq: ZU). The Billion Dollar Unicorn club member went public a little over a year ago in a rather successful IPO. But the tables have turned since and the company has seen its valuation crash as the company continues to miss the market’s expected financial metrics.
Twitter’s (NYSE: TWTR) stellar growth story may have faded a bit, but it is still a powerful platform. User growth metrics may not be spectacular, but they exceeded the market’s financial expectations. It appears that things are getting back on track, albeit rather slowly.
A Gartner report on Mobile Payment Transactions estimated the worldwide mobile payment transaction values to have grown 44% to $235.4 billion in 2013. Gartner expects the market to grow to $721 billion by 2017. The mobile payments processing market is dominated by a Billion Dollar Unicorn club member Square.