According to a recent report by Global Industry Analysts, the global market for cloud-based productivity software is expected to grow to $42 billion by 2024 driven by workforce decentralization and the emergence of borderless organizations. Billion Dollar Unicorn Asana is a leading player in the industry that is expected to go public this year.>>>
IBM (Nasdaq: IBM) has been focusing on its strategic imperatives segment to drive the next level of growth. The segment includes the cloud, analytics, mobile, social, and security services. But the turnaround is taking a lot longer than expected. After three consecutive quarters of revenue growth, IBM revenues seem to be back on the decline. In an earlier streak, IBM had reported revenue declines for five straight years. The market is losing patience and post the result announcement, IBM’s stock fell 2% in the after hours trading session.>>>
According to a Markets and Markets report published recently, the global enterprise collaboration market is expected to grow from $34.57 billion in 2018 to $59.86 billion by 2023, translating to an annualized growth rate of 11.6% over the five year period. Enterprise collaboration startup Slack has finally announced its plans to go public.>>>
According to Analytical Research Cognizance, the global messaging platform market is expected to grow 8.2% annually to reach $3.4 billion by 2024 from $2.29 billion in 2019. South Korean player SendBird is following an API driven strategy to conquer this market.>>>
According to PwC, revenue from sharing economy sectors could more than double from $148 billion in 2014 to over $335 billion by 2025. Bangalore-based Drivezy, formerly JustRide, is a self-drive peer-to-peer car and bike sharing company that has been attracting much interest.
According to PwC, revenue from sharing economy sectors could more than double from $148 billion in 2014 to over $335 billion by 2025. Bangalore-based Drivezy, formerly JustRide, is a self-drive peer-to-peer car and bike sharing company that has been attracting much interest.>>>
A recent Global Market Insights report estimates the global video conferencing market to grow more than 10% annually to $20 billion by 2024. But video conferences are just one of the reasons why video services are used in organizations. According to a Market Study Report, the Enterprise Video market encompasses other end-to-end solutions that enable organizations to ingest, transcode, store, manage, protect, and publish both live and on-demand video for internal use, as well as to video webcast. This market is estimated to grow 14% annually to $7.9 billion by 2024.>>>
According to a Global Market Insights report, the global video conferencing market is estimated to grow more than 10% annually to $20 billion by 2024. The growth is driven by continued globalization of organizations and the adoption of remote workplaces by organizations. Recently, Zoom, a Billion Dollar Unicorn in the industry, announced its plans to go public.
Last year, Hadoop services providers Cloudera (NYSE: CLDR) and Hortonworks merged under the Cloudera umbrella. The $5.2 billion merger was completed earlier this year. The combined entity announced its first quarterly performance since the merger that surpassed market expectations, but the outlook was weak.