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Technology Stocks
Egnyte Differentiates With Hybrid Cloud Solutions
According to a recent ESG survey of 334 North American IT professionals regarding online file sharing and collaboration services and deployment, 84% respondents leveraged the public cloud deployment model. Of these cloud adopters, 97% respondents preferred a hybrid model and 90% of the users placed restrictions on some data being stored in on-premise storage solutions.
Workday Executes With Confidence
According to a report released by TechNavio earlier this year, the global SaaS-based ERP market is projected to grow 13.8% annually over the period 2013 through 2018. Within the ERP market, IDC estimates that the human capital management (HCM) solutions market will grow 8.2% annually over the period 2013 through 2018 to $15.4 billion in 2018 . The HCM market is expected to have grown 9% over the year to $10.4 billion in 2013.
Salesforce.com’s Unstoppable Growth
A recent Forrester report on cloud computing estimates the public cloud services market to grow to $191 billion by 2020 from $58 billion recorded in 2013. The report estimates the growth to be driven by the growth in Software-as-a-Service (SaaS) and cloud applications to $133 billion by 2020 from $36 billion in 2013. The cloud platform segment is expected to grow nearly ten times from $4.7 billion in 2013 to $44 billion by 2020 and cloud business services will bring in the remaining $14 billion revenues in 2020.
China’s LightInTheBox Helps Sell Chinese Products Abroad
According to eMarketer, global business-to-consumer (B2C) e-commerce sales are estimated to grow 20% to $1.5 trillion this year. The growth is attributed to increased adoption of online and mobile devices in emerging markets and higher penetration of features such as advancing shipping and payment options, as well as the thrust into international markets by bigger brands. In fact, this is expected to be the first year when the Asia-Pacific market will outgrow the North American market with sales in Asia-Pacific estimated at $525.2 billion versus $482.6 billion in North America. Not surprisingly, China will be the largest market in the region. Here is an interesting infographic from the report showing the high e-Commerce growth anticipated by emerging markets.
Tuniu Rising High on Luxury Travel
According to iResearch, the Chinese online travel market is expected to grow from $46 billion in 2014 to $75 billion in 2017. A more conservative estimate for the market was released by PhoCusWright, which estimates the market to be worth $30.3 billion by 2015 and that it will account for 24% of China’s travel bookings by 2015.
TrueCar’s Growing Market Reach
A survey of more than 3,000 consumers conducted in February this year to understand car buyers’ behavior across the United States revealed the presence of a “trust gap” between car buyers and dealers. For instance, car buyers believe that dealers are getting significantly higher margins than what they actually get. According to the National Automobile Dealers Association, profits made by a dealer on a new-car sale have fallen from 5.5% in 2003 to 3.8% in 2013. Online negotiation and car buying and selling platformTrueCar (Nasdaq: TRUE) is hoping to minimize this gap in consumer perception by providing a more transparent solution.
RetailMeNot Struggles to Deliver
It is not just online discount coupon site Coupons.com that is seeing their stock price fall below their list price. Market leader RetailMeNot (Nasdaq: SALE) is not faring any better—its stock is trading well below its list price from July. Recently announced disappointing results have not helped the stock either.
JD.com Continues Investing in Infrastructure
In one of the most awaited e-commerce IPOs, Alibaba listed earlier this week to become the largest ever IPO in the world. But it is not just Alibaba that has led the recent Chinese IPO bandwagon. Earlier this year, Chinese B2C e-tailer JD.com had listed a successful IPO as well.