A Forrester study estimates the enterprise social networks market to grow to $6.4 billion in 2016 from an estimated $600 million in 2010. McKinsey also estimates that the use of enterprise social network will grow at an annual rate of 42.4% over the period 2011 to 2016.
According to a report by Global Industry Analysts, Inc. the global recruitment software market is estimated to be worth $2 billion by 2018. Growth in the market is driven by increasing demand for cloud-based recruitment software and the evolution of solutions that help to increase efficiency to reduce employee turnover.
According to a report from researcher Ovum, enterprises are focusing on social networking within organizations as part of an effective enterprise collaboration strategy. IBM remains the market leader with revenues of more than $105.4 million in 2011. During the current year, Ovum projects the enterprise social networking market to be worth $500 million. The researcher estimates that at present, a mere 10% of organizations are deploying enterprise social networking solutions or services, suggesting a big market potential.
According to a recent performance analysis of IPOs this year, researchers found that the stocks of enterprise software and solution providers performed better than the stocks of several Internet companies. Facebook leads the disappointing wave of Internet IPOs, as its stock crashed soon after listing. But among enterprise IPOs, there are several strong performers. In the data studied, the analyst found that enterprise IPOs listed this year resulted in an average stock improvement of 95% by October 2012. Here is a quick review of automated network control solutions provider, Infoblox (NYSE:BLOX), which recently announced its first quarter results.
China has the world’s largest Internet-using population, with more than 513 million users. Analysts believe that nearly half of this population accesses at least some social networking and media platforms. Use of social media platforms is driven by increased Internet penetration in the country. Researchers estimate that by 2013, nearly 53% of China’s population, close to 718 million people, will have access to the Internet. In 2010, Internet penetration stood at nearly 35% of the population. Besides internet penetration, social media platforms are also gaining ground through increased adoption of online gaming. According to iResearch, China’s online games market is projected to growth from $6.9 billion in 2011 to $13.3 billion in 2016.
According to Gartner’s recently released report on big data market projections, big data will account for $54.6 billion in IT spending in 2016, compared with $27.1 billion in 2011. Over this five-year period, organizations are expected to spend a total of $232 billion on big data–related services and infrastructure. Big data IT services spending will grow at an average of 10.20% annually over this period.
A major headline in this quarter’s coverage of the online travel industry is that Priceline made a notable acquisition. Last week, Priceline (NASDAQ:PCLN) announced plans to acquire travel search player Kayak for $1.8 billion. Kayak (Nasdaq:KAYK) had released its long-awaited IPO four months ago.
Gartner’s report Forecast: Mobile Payment, Worldwide, 2009-2016, released earlier this year predicts that worldwide mobile payment transactions will grow from 62% over the year from $105.9 billion to $171.5 billion this year. From 2011 through 2016, the global mobile transaction market is estimated to grow to $617 billion, and Gartner projects an annual growth rate of 42%. Gartner further estimates that mobile transaction services will have more than 448 million users by 2016.
According to market reports, broadcast advertising on the radio accounts for 83% of the overall radio advertising market. Broadcast advertising is projected to grow 2.7% annually from 2011 through 2016. Growth will be driven by the online radio advertising market, where analysts project an annual growth rate of 11.5% over the period.
The recent Gartner report on the PC market saw worldwide PC shipments fall 8.3% over the year to 87.5 million units. As we saw in yesterday’s Tech Stocks post, HP fell from its leading position to the second spot, with market share declining from 17% to 15.5% as Lenovo’s share grew from 13.1% a year ago to 15.7% during the last quarter. Dell also suffered from Lenovo’s performance improvement. Dell saw its market share drop from 11.2% a year ago to 10.5%. Within the U.S., PC shipments fell 13.8% a year ago 15.3 million units. HP maintained leadership in the U.S. market although its market share declined from 28.9% a year ago to 27% during the last quarter. Dell’s market share slipped marginally from 21.9% to 21.4% last quarter, but it retained its second spot in the U.S. market. Apple is gaining share in the country and now has a 13.6% market share, compared with 12.5% a year ago.