Adobe (Nasdaq: ADBE) is one company that has successfully reinvented itself as a cloud-based service provider from a license-based software company. Each quarter, it keeps surprising the market with its stellar performance. Earlier this week, it reported its second quarter results, that helped send its stock to a lifetime high.
According to Gartner, the Configure Price Quote (CPQ) application suites market was worth $570 million in 2015, out of which cloud-based CPQ accounted for $157 million. The overall CPQ market is expected to grow 20% annually through the period 2020, driven by the growth in cloud-based solutions. San Mateo-based Apttus is a leading cloud-based service provider that is rumored to be preparing to go public.
According to Nasscom, India’s analytics industry is estimated to be around $2 billion and is expected to grow ten-fold to $20 billion by 2025. Billion Dollar Unicorn Mu Sigma is the first among the Indian Unicorns to deliver consistent profits over the years.
According to a MarketsandMarkets report, the enterprise collaboration market is estimated to grow from $3.65 billion in 2015 to $8.26 billion by 2020 at 17.7% annually. Enterprise collaboration tools market includes players such as Egnyte that has become so much more than the document sharing company it started as.
I have known serial entrepreneur René Lacerte for years. He started Cashview, which renamed itself to Bill.com, and has grown in leaps and bounds.
Earlier this year, social messaging service Snap (NYSE: SNAP) decided to test the public markets. Many were concerned about whether the company will manage to sustain its valuation under the constant glare of the stock market. Almost a quarter later, the verdict is not favorable. Since listing, the stock hasn’t appreciated much and decelerating growth figures coupled with the absence of profitability makes analysts wonder why the stock should have ever been bought.
According to a Tech Navio report published last year, the market for online fashion retail in the US will grow 14% annually through to 2020 driven by increased security measures for online payments, improved logistics with reference to product delivery, better online customer service, and easy-to-navigate shopping websites. Billion Dollar Unicorn club member Stitch Fix, that I wrote about briefly in 2014, has built a successful company in this space.
According to the Internet Trends 2017 report by Mary Meeker of Kleiner Perkins Caufield & Byers, the number of Internet users in India increased 28% to 355 million and internet penetration grew to 27% in 2016. About 80% of Internet usage is through mobile phones. A major beneficiary of this trend is leading wallet company and Billion Dollar Unicorn Paytm. >>>