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Technology Stocks
Unicorn InsideSales.com Leverages AI
According to a recent Market Research Future report, the global sales performance management market is estimated to grow at 16.6% CAGR to $9.34 billion by the year 2023. The growth is attributed to the increasing demand to build a metrics-driven sales tool and the need for driving channel effectiveness across industries. Utah-based InsideSales.com is a leading player in the market which is leveraging AI capabilities to deliver on these expectations.
>>>AI Unicorn Uptake in No Hurry to List
According to a Markets and Markets report, the global predictive analytics market is expected to grow a 22% CAGR to reach $12.4 billion by 2022. The growth in the industry is attributed to availability of enormous volumes of data and the adoption of connected and integrated technologies. Chicago-based Uptake Technologies is an AI unicorn in this space.
>>>Cloud Stocks: Medallia Banks on Acquisitions
According to a recent report by Market Research Future, the global customer experience management market is estimated to grow at 22% CAGR to reach $18 billion by 2023. Earlier this year, Palo Alto-based Medallia (NYSE: MDLA), a leading player in the industry, went public. Its stock has had a tumultuous run so far. But the company isn’t too worried as it continues to consolidate in the industry with several acquisitions.
>>>ezCater Targets International Expansion
According to a report by Technomic, the US catering market was worth $58 billion in 2017. Business to business catering (B2B) accounted for nearly $22 billion or 38% of the industry. Social catering or B2C contributed to the remaining $36 billion or 62%. B2B catering market has grown by over 20% annually since 2014.
>>>Indigo Ag a Disruptor in AI AgTech
This year’s CNBC Disruptor 50 was topped by an AI unicorn in the field of AgTech called Indigo Ag. With the use of artificial intelligence, it enables better forecasting and transparency and aims to make farming less of a commodity business and more reliably profitable.
>>>Argo AI Autonomous Vehicles Expand Globally
According to a recent report, the global self-driving car market is expected to grow 36% annually over the next few years to $173.15 billion by 2023. In the coming years, the acceptance of the technology by governments will be on the rise, resulting in industrial applications of autonomous driving technology. Pittsburgh-based Argo AI is among the leading vendors in the space.
>>>UiPath Expands AI and Cloud Offerings
According to Gartner, the global Robotic process automation (RPA) software market grew 63.1% in 2018 to $846 million. This was the fastest-growing segment of the global enterprise software market. Gartner expects the market to grow to $1.3 billion this year as organizations continue to meet business demands through digitization efforts.
>>>Xactly Banks on AI for SPM
According to a recent report, the global sales performance management (SPM) market is estimated to grow 17% annually over the next few years to become a $9.34 billion industry by 2023. San Jose-based Xactly is a leading player in the market that was acquired by Vista Equity Partners in 2017 after it went public in 2015. Despite the upheaval, Xactly has continued to deliver strong growth.
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