According to market reports, the global cyber security market is projected to grow annually at 11.3% to $120 billion by 2017. Growth is projected to be driven by the emerging markets of Latin America, the Middle East, Africa, and Eastern Europe. Cyber security startup FireEye is counting on these market opportunities for growth.
According to the National Association of Software and Services Companies (NASSCOM), the Indian IT industry is expected to grow 11%-14% over the year during the current year after surpassing the $100 billion mark last year. Recent results announcement by leading IT players in India saw more mixed results. Players are looking at global expansion of operations and talent pool while focusing on product growth to capture the high-growth market.
According to The Nilson Report, personal consumption expenditures in the U.S. using credit and debit cards and other electronic payments amounted to $4.48 trillion in 2009. Consumption is projected to grow annually at 8% over the year to $7.23 trillion in 2015. Payment processing firms are intermediaries that help complete electronic transactions between the merchant and the financial institution in return for a transaction fee.
Local business reviews have a significant influence on a consumer’s decision about a local service provider. A survey conducted by UK firm BrightLocal found that 55% of consumers in the U.S. rely more on a local business if they read a positive online review of it. In fact, 67% of users trusted online reviews as much as a word-of-mouth recommendation for a local business. But while consumers may be willing to trust online reviews, firms such as Angie’s List (Nasdaq:ANGI) are still struggling to turn the concept of a reviews engine into a profitable business.
Industry research firm IBISWorld recently found that the online survey software industry grew 9.3% annually over the five-year period through 2011. The industry was estimated to be worth $2 billion in 2011. The researcher expects growth to continue. By 2016, the market is projected to be worth $3.1 billion, with an average annual growth rate of 9.6%.
According to eMarketer, worldwide ecommerce sales crossed $1 trillion last year. E-commerce sales were driven by growth in North America and Asia Pacific, where sales grew 14% and 33%, respectively. The North American market remained the leader with sales of $365 billion, but Asia Pacific markets are catching up and reported sales of $332 billion for the year. The researcher estimates global e-commerce sales to grow to $1.3 trillion this year. Sales in the U.S. are projected to grow to $385 billion in 2013 from an estimated $343 billion last year.
According to the Trade Show and Conference Planning Market Research report by IBIS World, despite continuing pressure on margins, organizations are spending more on organizing marketing events and conferences. Within the U.S., the industry was estimated to grow 3% over the year to $13 billion in 2012.
Apple (Nasdaq:AAPL) delivered a mixed first quarter performance. Analysts were worried that Steve Jobs’s death in October 2011 would hurt the tech giant, and some of their worries seem to be justified. Apple’s stock has fallen 35% since it touched its peak last fall. New products have done well in terms of reporting sequential and annual growth, but some of them, such as Apple’s tablets, are losing market share to competition. For the health of the industry, competition is good. >>>
According to eMarketer, U.S. display advertising grew 22% last year to $14.98 billion. Google remains the leader in display advertising with 15% of market share. But Facebook is gradually catching up. The social networking site saw display advertising market share grow from 14.1% in 2011 to 14.4% last year.
Yahoo’s new CEO, Marissa Mayer, seems to be doing well at the helm of the troubled company. For the second quarter since her appointment, Yahoo has delivered strong results. Yahoo recorded its first revenue growth in the past four years. It looks like Yahoo may finally be on course to a positive turnaround.