UK-based Juniper research, in their report Cloud Computing – Enterprise Markets: SaaS, PaaS & IaaS, 2014-2018, estimates the global cloud computing market to be worth $90.7 billion by the year 2018. Within cloud computing, Software-as-a-Service (SaaS) market is expected to grow from $23.2 billion in 2013 to $53 billion by the year 2018.
Today, China is the single largest e-commerce market in the world. Analysts estimate that by 2015, China’s e-commerce market will be worth $540 billion and by 2020, the country’s e-commerce market will be more than that of the US, the UK, Japan, Germany, and France put together. This remarkable growth is driven by the Chinese government’s ambitions of connecting 85% of their population to a 3G or 4G mobile Internet connection by the year 2020.
The niche US home goods market has a long way to go. Market reports suggest that the industry has a mere 6% Internet penetration in the country. However, things are improving with e-commerce companies like Wayfair.com, One Kings Lane, and Fab.com bringing the home goods market to the consumers in a way not available earlier.
A report by Euromonitor International estimated the US jewelry market to have recovered to $59.1 billion last year. The market is finally back to pre-recessionary conditions and is projected to grow another 14% by the year 2018. The market remains highly fragmented with no single retailer commanding more than a 6% market share, suggesting a big opportunity for growth and consolidation. Recently, Signet Jewelers acquired Zale Corporation, sparking interest in other jewelry companies.
According to Euromonitor International, the US home goods market is expected to grow 2.5% annually over the period 2013 to 2023 to be worth $297 billion in 2023. Researchers also estimate that the current US home market has very limited online penetration with a mere 7% of the sales being made through this channel. Boston-based Wayfair is trying to make a difference in this online market.
According to recent reports, the US online travel market was estimated to be worth $157 billion in 2013. PhoCusWright estimates that online adoption of travel services will continue to increase in the US from 41% in 2012 to 43% by 2015. An eMarketer report published earlier this year pegs the US online travel market to grow 5.9% over the period 2012 through 2017, much lower than the 20% rate projected for China. Little wonder then that the online travel market leaders are investing in alternate businesses and international markets.
Just when the market thought that all was lost for BlackBerry, Blackberry delivers a quarter that was better than market expectations, and the company claims that the worst is over and they are all set on the road to recovery. Really?
The $19 billion WhatsApp acquisition by Facebook attracted a lot of interest in the mobile messaging industry. According to a Canalys report for November 2013, WhatsApp was the leader among cross-platform social mobile messaging apps. But it appears that WhatsApp now has a bigger Made-in-China giant to compete with.
New age companies like Uber and Lyft have transformed the way standard cab services operate in a region. Airbnb is trying to deliver a similar transformation for the hotel industry. The service is attracting some high profile users with Warren Buffett encouraging people to use Airbnb as a staying option. Recent reports also reveal that Airbnb is gradually becoming more prominent on business expense reports.
According to a recent Gartner report, the worldwide market for business intelligence and analytics software is estimated to have grown 8% last year to $14.37 billion while a recent IDC report expects the Big Data technology and services market to reach $32.4 billion in 2017. Gartner believes that the market would have grown faster but for challenging macro-economic conditions leading to flat IT budgets. Within the market, analytic applications and performance management solutions’ segment grew 5.8% to $2 billion and advanced analytics reported the fastest growth at 12.5% to $1.08 billion.