Earlier this year, daily deals market leader Groupon (Nasdaq:GRPN) fired its founder and CEO, Andrew Mason. Since then, the company’s stock price has doubled in value as the market regains some confidence in Groupon. The stock further strengthened when the company announced their second quarter results along with the appointment of a new CEO. Groupon appointed co-founder and acting CEO Eric Lefkosky as the full-time CEO.
According to market research by Rajesh Thambala, India’s child-oriented retail sector was estimated to be worth Rs 23,000 crores (~$3.8 billion) last year. The sector is projected to grow 20% annually to Rs 80,000 crores (~$13.1 billion) by 2016, translating to a 20% annual growth rate. There is potentially an immense opportunity for growth for online retailers. Last year, a mere Rs 200 crores (~$32.7 million) was currently contributed through e-tailing channels [sm: what kind of english is this? what are you trying to say?]. The children’s e-tailing segment is projected to be worth Rs. 1,500 crores (~$246 million) by the year 2016.
According to market reports, the global fashion industry is estimated to be a $1.5 trillion market. But most of the trading in the segment is still conducted through brick-and-mortar stores. Even in the U.S., of the $300 billion fashion market, only a mere 10% is conducted online. It follows that in emerging markets like that of India, online sales have a far smaller footprint for the fashion industry.
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EDA is a funny industry. It takes enormous intellectual horsepower to build software that can help design the chips that power today’s devices. It creates tremendous value. And yet, that value doesn’t translate into wealth these days.
Failure of capitalism? Let’s examine.
The recent $200 million investment in India’s e-commerce player Flipkart has sparked big interest in the country’s online retail trade. According to market research, India’s e-commerce market grew from $2.5 billion in 2009 to $14 billion last year. The country has more than 10 million online shoppers, and that number is growing 30% annually. Online giants, including Amazon and eBay, have taken several steps to enter the country’s fast-growing market. For now though, the indigenous players are the ones enjoying the first mover’s advantage.
According to a recent report, the global business travel market is projected to grow 12% this year to $176 billion. Growth will be driven by the Asia Pacific region while European countries will remain stable. Here is a snapshot of how travel expense management company, Concur, is expanding rapidly in this high-growth market.
According to a BIA/Kelsey report, the local advertising market is projected to grow 2.3% annually to be worth $148.8 billion by 2017. The market was worth $132.5 billion in 2012. Growth within local advertising is expected to come from digital sources, which should see expansion of 12% annually. Meanwhile, traditional media advertising are projected to decline at 0.3% annually over the period, with the biggest decline projected this year at 2.2% to $107 billion.
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According to an eMarketer report released earlier this year, an increasing number of recruiters are moving to LinkedIn as their preferred source of candidates. A survey of recruiters conducted by recruitment software company Bullhorn in the country found that in 2012, 98% of recruiters were relying on a social network tool to access candidates. A year ago, that number stood at 94%. Of those surveyed, more than 82% of the respondents were planning to increase the use of LinkedIn for their services. The shift towards LinkedIn is also in response to the 93% success rate in candidate placement through LinkedIn last year, compared with 86% a year ago.
Research firm ThinkEquity estimates the global social gaming market to grow 21% annually from $8.2 billion last year to $14.6 billion by 2015. Growth in social gaming is attributed to the increasing penetration of mobile devices, including smartphones and tablets. According to researcher Newszoo, the smartphone gaming market is estimated to grow 19% annually over the period 2012 through 2016 to $13.9 billion.
According to Juniper Research, the global digital printable coupon industry is projected to grow from $6 billion in 2011 to $46 billion by 2015. Recently, online coupons and deals site RetailMeNot went public with a $230 million IPO. Analysts believe that their competitor, Coupons.com, is also eying an IPO in the near future.