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Technology Stocks
ForgeRock Simplifies Identity Access Management
A recent report by ReportsnReports.com projects the Global Identity and Access Management market to grow 12.90% annually over the period 2014 through 2019 driven by increased adoption of these services by the BFSI segment. An older IDC report pegs the market at $4.8 billion in 2013, and projected it to grow to $6.9 billion by the year 2017. The industry has seen a movement away from the traditional on-premise identity and access management solutions, such as those provided by Oracle and CA, to the newer Cloud based and scalable platforms. San Francisco-based ForgeRock is successfully catering to this market.
Billion Dollar Unicorn: BloomReach Is a Reasonable Prospect
According to the Commerce Department estimates, web sales grew 15.4% to $304.91 billion in the US in 2014, crossing the $300 billion mark for the first time ever. This was the fifth consecutive year when e-commerce sales have reported a growth of more than 15% annually. E-commerce still accounted for a rather modest 6.5% of total retail sales excluding foodservice. Billion Dollar Unicorn club contender BloomReach is helping merchants improve their e-commerce sales by making search more relevant and personalized for the end customer. So far, they have done well.
Billion Dollar Unicorns: Anaplan Gets Ready to Enter the Club
According to a Market Share Report, the global ERP software market grew 3.8% to be worth $25.4 billion in 2013. The market was dominated by SAP which accounted for nearly a quarter of the share with $6.1 billion in ERP software revenues. Oracle came in a distant second with $3.11 billion in sales followed by Sage’s $1.5 billion sales. The report reveals that today companies want faster results and thus are shifting to cloud-based systems that are seen as being more agile and responsive to changing business model needs. Cloud-based planning capability provider and Billion Dollar Unicorn club contender Anaplan is a rising star in this market.
Carnival In The Cloud: DocuSign has Revolutionized Document Management
In 2014, Forrester conducted a survey of over 400 IT and Line of Business decision-makers across the globe to understand the growing importance of cloud-based Digital Transaction Management (DTM) solutions. Nearly 76% of those surveyed believed that DTM solutions are essential for improving customer experience. In fact 98% of those surveyed believed that paper- and pen-based processes that lead to poor transaction management have led to revenue losses. 37% of companies peg this revenue loss to be in the range of 11% to 25%.
Billion Dollar Unicorns: Lookout Getting Ready for an IPO
A recent Allied Market Research report forecasts the global mobile security market to grow 41% annually to $34.8 billion by 2020. The market was estimated to be worth $3.4 billion in 2013. San Francisco-based Lookout is a leading mobile device security market player and a prestigious Billion Dollar Unicorn club member.
Billion Dollar Unicorns: MapR Readies IPO
A recent research report published by Allied Market Research estimates the global Hadoop market to grow from $2 billion in 2013 to $50.2 billion by the year 2020. That translates to a 58% compounded annual growth rate over the seven-year period. The growth is projected to be driven by the software segment which is expected to increase 63% annually. The industry has several Billion Dollar Unicorn club members. Here is the story of San Jose-based MapR.
Billion Dollar Unicorns: Druva Poised to Produce an Indian Unicorn
Not many successful technology product companies have emerged from India. Data protection solutions provider Druva is one of the first of its kind. Druva still has some way to go before it joins the Billion Dollar Unicorn club. But given its performance thus far, it certainly shows promise.
Will CA or BMC Acquire Apigee?
According to a recent Forrester report, application programming interface (API) management is a fast growing, albeit, relatively recent IT concern. The issue has gained significant importance due to the growing adoption of mobile applications as the means for consumers to shop and access a company’s goods and services. The market is led by CA Technologies, which entered the sector in 2013 with the acquisition of Layer 7 Technologies. But Apigee is also making its mark felt.