According to reports, small businesses in Europe and North America are a $2 trillion market. The recent pandemic has seen even these businesses accelerate their digital transformation. It is mostly incomprehensible to see how these small retailers can compete with the might of retailers like Amazon and Walmart. But there are companies like Faire who are trying to make it a more level field for them.
>>>According to a recent report, the global InsurTech market is estimated to grow at a whopping 46% annually to reach $114 billion by 2030 from $3.77 billion in 2021. Within the industry, the health care segment is expected to grow to $32 billion by 2030. Waltham, Massachusetts-based Devoted Health is a comparatively smaller player in the market. But it is expanding its geographic footprint one state at a time.
>>>Bill.com (NYSE:BILL), cloud-based provider of financial services for SMBs, is preparing itself for the current economic conditions. As recessionary conditions loom over the economy, Bill.com is convinced that its organic flywheel will continue to prosper.
>>>According to a recent report, the global FinTech-as-a-service market is projected to grow 17% CAGR to reach $681.6 billion by 2028. Financial institutions are looking to fintech-as-a-Service providers to help streamline their procedures. San Francisco-based Plaid is one such player that is trying to make digital financial tools simpler for both users and developers.
>>>According to a recent report, the global online language learning market is expected to grow 19% CAGR from 2022 through 2026, translating to an incremental growth of $30 billion during the forecast period, Online language learning service provider Duolingo (Nasdaq: DUOL) recently announced their quarterly results that surpassed market expectations.
>>>According to a recent report, the global cloud security market is expected to grow from $40.8 billion in 2021 to $77.5 billion by 2026 at 13.7% CAGR. Cloud services security provider Qualys (Nasdaq: QLYS) announced its second quarter results recently that managed to surpass market expectations.
>>>According to a recent report, the global Security and Vulnerability Management Market is projected to grow 6% CAGR to reach $18.7 billion by 2026 from $13.8 billion in 2021. The growth in the industry is attributed to the increased adoption of IoT and cloud trends and integration of advanced technologies such as AI and ML with security and vulnerability management solutions. Maryland-based Tenable (Nasdaq: TENB) recently announced its quarterly results that outpaced market expectations. The company continues to invest heavily on product development to keep ahead in this rapidly evolving market.
>>>Zendesk (NYSE: ZEN) has had a tumultuous year so far. The company had backed away from its $4.1 billion Survey Monkey acquisition earlier this year, and rejected a buy-out offer, before finally giving into an offer to be bought out by a private equity firm. After nearly 8 years of going public, the company will go private again by the end of this fiscal year.
>>>San Mateo-based Freshworks (Nasdaq: FRSH) continues to grow rapidly as it expands its CRM offerings. The company remains focused on product innovation and continues to offer integrations to drive its product adoption.
>>>Earlier last month, Ontario-based Shopify (NYSE:SHOP) announced its quarterly results that failed to impress the market. But the company continues to surge forward in building a logistics solution for its vendors. Recently, it announced another acquisition to further this objective.
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