SAP Targets Revenue of $30 Billion by 2017

According to a report published last year, the worldwide Enterprise Resource Planning (ERP) market continues to be dominated by SAP which holds a 24.6% market share. Overall, in 2012, the ERP market grew 2.2% over the year and SaaS-based ERP offerings accounted for 13% of the global ERP market. Gartner projects that the contribution of SaaS-based ERP solutions will continue to increase and expects it to account for 20% of the global ERP market by the year 2016.

>>>

Featured Videos

Workday’s Latest Acquisition

Pacific Crest analysts peg the global addressable market for SaaS-based Human Resource Management offerings to grow from $50 billion last year to $70 billion by 2015. The market is dominated by three key players – SAP, Oracle, and Workday. In 2011, IDC estimated SAP to own 17.4% of the market, followed by Oracle’s 12.4% share and Workday’s 3.5% market share. Since then though, the landscape has changed significantly with both SAP and Oracle adding to their portfolios SuccessFactors and Taleo, respectively and Workday going public.

>>>

Salesforce Delivers on Mobile

According to a Forrester research report, worldwide IT spending is projected to grow 6.2% this year. The growth is driven by IT spending on the software segment, which will grow 7.8% this year. Forrester believes that the software market growth is attributed to spending on SaaS, mobile app development, business intelligence, and analytics solutions. As CRM provider Salesforce.com (NYSE:CRM) delivers on this trend, their stock continues to soar to new heights.

>>>

Angie’s List Struggles, More Woes Ahead

After a minor turnaround earlier last year, local business reviews site Angie’s List (Nasdaq: ANGI) seems to be back in the rough. Recently released dismal financial results continue to spell gloom for the company. And there doesn’t seem to be a revival in sight.

>>>

YuMe’s Recent IPO

According to an eMarketer report, the advertising market in the US was estimated to be worth $66 billion last year, of which nearly $4 billion was spent on digital video ads. The digital video ad market is projected to grow 40% this year compared with a comparatively meager 3% growth in the TV ad industry. The digital video ad spending is driven by the increasing demand of consumers to cut the cord and shift to digital streaming services such as Hulu. Additionally, products such as IP-connected televisions, set-top devices, gaming consoles, and the Chromecast product launched by Google are making it easier for the consumer to shift to online streaming as a source of entertainment.

>>>

HP Delivers Under Meg Whitman’s Guidance

According to Gartner’s latest report, worldwide PC shipments decreased 6.9% over the year to 82.6 million units. This was the worst ever decline in the PC industry. For the entire year, PC shipments declined 10% to 315.9 million units. The global PC market was dominated by Lenovo, which registered a 6.6% growth even in the depressed market to account for 18.1% market share with 14.9 million units. HP continued to struggle with its PC shipments falling 7% globally to 13.6 million units and global market share at 16.4%. Within the US, HP maintained its lead with 26.5% market share and 4.2 million units, but registered a 10.3% decline over the year in terms of units shipped.

>>>

Groupon’s Never-Ending Woes

Groupon (Nasdaq: GRPN) just cannot catch a break. They expected to turn around a failing business model by bringing in a new CEO, but it hasn’t helped much. The company continues to deliver disappointing projections, causing the stock price to fall. They are struggling to find the right mix of offerings and are continuing their experiments with product sales to arrive at a profitable business model.

>>>

Shutterfly Continues to Gain Market Share

According to a BCC research report, the digital photography market is expected to be worth $68 billion. Within the market, photo products and accessories amounted to $5.7 billion in 2011.This segment is projected to grow to $7.9 billion by 2016. The online photo printing industry is dominated by Shutterfly (NASDAQ: SFLY) which accounts for more than 50% of the market in the country and is showing no sign of slowing down.

>>>

WhatsApp at Facebook and Implications for the Industry

If there were any analysts that had doubts about Facebook’s mobile dominance plans, they have been put to rest. Last week, Facebook announced the $19 billion acquisition of the most popular mobile messaging app, WhatsApp. It is an exciting move by Facebook which seems to be leaving no stones unturned to make sure they dominate the world’s social networking market.

>>>

Domo Quietly Amassing Customers and Funding

According to market research firm Pringle & Company, the worldwide business intelligence software services market is projected to grow from $76 billion in 2012 to $143 billion in 2016. The research firm estimates that nearly two-thirds of the industry’s revenue is from consulting, development, and integration-related services, which are estimated to grow from $54.5 billion in 2012 to $96.9 billion by 2016. The growth in the BI market is attributed to the increased adoption of analytics software which is estimated to grow 19% annually.

>>>