According to a recent report, annual revenue from the global big data market was expected be $33.5 billion in 2017. Analysts estimate this number to double in the next four years as organizations continue to spend on hardware and related services. Mobile data traffic is estimated to account for 11 exabytes (11 billion gigabytes) a month of data, and cloud computing traffic is estimated to reach 320 exabytes per month in North America alone. Billion Dollar Unicorn Elastic is a leading player in the open source Big Data search sector that recently filed confidentially to go public.
After four consecutive quarters of surprising the market with stellar results, Netflix (Nasdaq: NFLX) delivered rather weak results recently. The market was disappointed with its lack luster growth, sending the stock tumbling 13% in the after-hours trading session.
San Mateo-based spend management firm Coupa (Nasdaq: COUP) went public more than two years ago. Its IPO has performed well as it continues to surpass market expectations and receive accolades for its products. Coupa values its addressable market at $37 billion and is targeting a share of $1 billion soon.
Software application management tools vendor New Relic (NYSE: NEWR) recently announced a strong fourth quarter. Apart from beating analyst estimates, the Billion Dollar Unicorn reported the second straight quarter of non-GAAP profit. >>>
According to an IDC report, the worldwide revenues for big data and business analytics will grow at a 12% annual growth rate over the next few years. The market was pegged at $130.1 billion in 2016 and is projected to grow to $203 billion by 2020. The secretive Billion Dollar Unicorn Palantir was expected to go public last year. But recent reports suggest that the company may be delaying its plans.
According to a MarketsandMarkets research report published earlier this year, the Enterprise Collaboration Market is estimated to grow 12% annually over the next few years to $59.86 billion by 2023 from $34.57 billion this year.
A Grand View Research report published earlier this year estimates the global identity access management market to grow 14% annually over the next few years to reach $24.6 billion by 2022 driven by the increasing demand for regulatory compliance and the continuing growth of web applications, Bring Your Own Devices (BYOD), and Internet of Things (IoT) markets. Billion Dollar Unicorn Okta (Nasdaq:OKTA) is already benefiting from this growth trend. >>>
According to a MarketResearch report, the global mobile VoIP market is a fast growing one. According to the researcher, the low cost of calls offered by VoIP providers are driving growth in the industry. Billion Dollar Unicorn RingCentral (NYSE:RNG) offers these SaaS based communication services to small business. Recent results suggest that it is doing rather well so far.