According to a report published by SNS Research late last year, the global Big Data hardware, software, and professional services markets were estimated to grow to $57 billion last year. The researcher estimates that through the period 2020, the market will grow 10% annually to $76 billion. Big Data vendor and Billion Dollar Unicorn club member Cloudera (NYSE: CLDR) listed last year. But the company has had a choppy run in the public market so far.
According to research from Emergent, the world’s co-working memberships are expected to more than double from 1.6 million in 2017 to 3.8 million by 2020. However, the demographics of co-working have changed with freelancers making up just 39% of co-workers in 2017, compared to 80% in 2010. Co-working market leader WeWork is a favorite to go public this year. >>>
If there is one Billion Dollar Unicorn that has never been in a rush to go public, it is AirBnB. The ten-year old company has taken to heart Warren Buffett’s mantra of “get rich slow”. After carefully planning its financial and operating model, AirBnB believes that it will be ready to go public this year.
According to a Research and Markets report, the global Massively Multiplayer Online (MMO) games market was worth $26.9 billion in 2016 and is expected to reach $44.6 billion by 2022 at a CAGR of 8.9%. Based on the success of its platform SpatialOS that enables creation of simulations and virtual worlds for video games and simulations, Improbable joined the Billion Dollar Unicorn Club last year. >>>
According to The 2017 Americas Alternative Finance Industry Report, the alternative finance market across the US, Canada, Latin America, and the Caribbean has grown 23% to $35.2 billion in 2016. A leading Billion Dollar Unicorn in this sector is Social Finance or SoFi. >>>
According to a Marketsand Markets report, the cloud storage market size is estimated to grow from $23.76 billion in 2016 to $74.94 billion by 2021, at a CAGR of 25.8%. Growth is driven by factors such as high demand for hybrid cloud storage, growing need for enterprise mobility, and the need for easy implementation of cloud storage solutions. Cloud-based storage services provider and Billion Dollar Unicorn Dropbox is one of the main IPO prospects for 2018. >>>
According to the Recording Industry Association of America (RIAA), the US streaming music accounted for a majority of the retail music industry revenues. For the first half of 2017, retail revenues grew 17% to $4 billion, of which streaming services accounted for $2.5 billion and grew 48% over the year. Revenue from listeners paying to listen to streaming platforms like Spotify and Apple Music grew 61% over the year to $1.7 billion. Of this, $0.3 billion came from ad-supported on-demand options and $0.5 billion from listeners paying for radio services. About 30 million people in the country listen to a streaming music site.
Oracle (NYSE: ORCL) may have delivered a rather tepid quarterly outlook as part of its recent result announcement. But the market is very hopeful of its cloud strategy as the company continues to battle it out with Amazon and adds more companies to its arsenal. First, the financials.