According to Gartner, the Corporate Performance Management (CPM) market is essentially made up of two key components: Financial CPM (FCPM), and Strategic CPM (SCPM). Gartner believes that 70% of organizations will benefit from additional business value generated from these services and will continue to invest in the market through 2020.
SaaS-based enterprise application services provider Workday (NYSE: WDAY) reported an impressive first quarter performance. The company attributes its performance to a “great product” and customer satisfaction.
According to a MarketsandMarkets report, the global cloud-based ITSM industry is expected to grow 15% annually over the next five years to be worth $8.78 billion in 2021. Bellevue, Washington-based Apptio (Nasdaq: APTI), which listed last year is trying to make its mark in this industry.
According to Accenture, the invasion of cloud technologies is revolutionizing the life sciences industry in three key ways – personalization; use of external innovation and data sources in the development of new products; and in leveraging a global operating model. Pleasanton, California-based Veeva (NYSE: VEEV), a Billion Dollar Unicorn player in this market, is witnessing robust growth and delivering stellar performance.
Cracking the Indian small business market for technical products and services is an uphill battle. Yet, the opportunity for impacting the country, perhaps, is the greatest by creating significant technology adoption in the Indian SME sector. Cloud telephony service provider Knowlarity and Greytip are two of the very few companies to succeed somewhat in this space. >>>
According to MarketsandMarkets, the global BI market is estimated to grow at 9.5% CAGR from $17.1 billion to $26.9 billion by the year 2021. Domo is a Billion Dollar Unicorn in this space.
A MarketsandMarkets report estimates the global marketing analytics software market to grow from $1.2 billion in 2014 to $2.1 billion by the year 2019. That translates to an annualized growth rate of nearly 12%. Serial entrepreneur David Steinberg’s latest initiative Zeta Interactive is one rapidly growing member in this space. The company appears to be getting ready to go public.
According to IDC, the overall wearables market grew 3.1% over the year in 3Q 2016 with total wearables shipments at 23 million. Basic wearables, which primarily comprised of fitness bands, accounted for 85% of the market and recorded double-digit growth. Smart wearables capable of running third party apps are expected to continue to struggle in the near term. Overall though, growth has fallen considerably from the more than 40% growth rates projected back in 2013. This slowdown in market pace has already translated to a significant devaluation of existing players.