According to IDC’s Worldwide Business Analytics Software 2014–2018 Forecast, the global business analytics software market was estimated to be worth $37.7 billion in 2013. The researcher predicts the market to grow 9.4% annually over a five year period to be worth $59.2 billion by the year 2018. While bigger players like Oracle and SAP lead the market with 17.9% and 14.9% market share, respectively as of 2013, other vendors are also making their presence felt. Billion Dollar Unicorn club member Tableau Software (NYSE: DATA) is one such player which continues to deliver blockbuster results.
A 2014 report on Customer Experience Management Market by MarketsandMarkets pegs the customer experience market segment to grow from $3.77 billion in 2014 to $8.39 billion in 2019. That translates to an annualized growth rate of over 17% for the five-year period. Here is the story of a leading player in this industry and a Billion Dollar Unicorn Club contender Clarabridge.
There is just no stopping Apple (Nasdaq: AAPL). The company recently announced stellar financial results, another strong growth for iPhone sales, and released the much awaited Apple Watch, marking their entry into the wearables segment.
Twitter (NYSE: TWTR) continues to disappoint the market with their performance. The market is getting anxious about Twitter’s ability to maintain strong financial growth. The disappointing quarterly result announcement and a reducing outlook for the year sent the stock spiraling down. The stock fell 20% soon after their results were accidentally leaked and since then, the stock has been taking a beating.
Online video streaming services provider Netflix (Nasdaq: NFLX) is continuing to see strong growth. According to a comScore report, nearly 42% of US households were subscribed to a paying video streaming service as of August 2014. Netflix was the market leader with 32% of total households as its subscribers. Amazon came a distant second with 19% households subscribing to their Instant Video service. Hulu Plus was the third largest player with a mere 9% of households.
It is all about the cloud within the technology sector. And the biggest news so far is the possible sale of Salesforce.com. In a surprising move, it appears that Microsoft (Nasdaq: MSFT) is evaluating a bid for the giant.
Facebook (Nasdaq: FB) recently announced mixed results for their latest quarter. While they managed to surpass market expectations on earnings, revenues were a different story. That has not stopped Facebook from continuing to add to their arsenal of revenue-generating opportunities.
The eBay (Nasdaq: EBAY)–PayPal spin off is nearing its time. During their last days together, PayPal has helped eBay deliver strong results. The rest of their business reported year-over-year decline, but the payment business continued to deliver strong performance.