According to market reports, the global travel and tourism industry is projected to grow 4% annually over the ten year period from 2012 to be worth $10 trillion in 2022. The growth will be driven by emerging markets and the Asia Pacific regions. Online vacation rental site HomeAway is counting on this market growth.
According to a report by MarketsandMarkets, the total Cloud Storage market is projected to grow 40% annually to $46.8 billion by 2018. The report projects North America to be the leading market with 60% market share, growing 33.8% annually to $21.8 billion by 2018. The growth in the market is attributed to the increased demand of these services by the Small and Medium sized businesses.
Gartner’s 2013 report on Mobile Payment Transactions estimated the worldwide mobile payment transaction values to grow 44% over the year to $235.4 billion in 2013. The market was projected to grow 35% annually between 2012 and 2017 to be worth $721 billion by 2017. The number of users using mobile devices for payment transactions was projected to grow from $200.8 million in 2010 to more than 450 million by 2017. The analyst estimated that merchandise purchases will account for 23% of this market share in 2017.
According to a report by Research and Markets, the worldwide cloud storage market is projected to grow 40% annually over the five year period from $8.6 billion in 2013 to $47 billion in 2018. The growth is attributed to the rising creation of big data. North America remains the largest market for cloud services with 60% market share at $5.09 billion last year. It is projected to grow to $21.8 billion by the year 2018, growing at 33.8% annually.
The one thing that most new-age mobile and Internet companies struggle to achieve is an effective monetization strategy. If recent valuations are to be believed, it is scary that a billion dollar plus valuation is no guarantee of a successful revenue model. Mountain View-based Evernote is one mobile app company that seems to have figured out how to deliver a revenue generating service.
After Twitter’s IPO last year, the market has been abuzz with speculation of other Internet companies planning to list soon. One such player expected to go public is the news aggregating service, Flipboard, which continues to add to its content library to improve monetization efforts.
The worldwide database market is estimated to be worth $30 billion and is dominated by Oracle. But there is a fast growing start-up that is eyeing the market and aspires to compete directly with the tech giant. MongoDB has defied the database row and column structure to deliver a product that “developers love.” As Oracle’s legacy relational database structure struggles to adapt to the growing availability of unstructured databases, MongoDB is quietly and rapidly expanding their market presence.
According to recent reports by the Bureau of Labor (BLS), the unemployment rate in the country continues to go down. In September last year, over 126,000 nonfarm payroll jobs were added in the private sector in the country. Unemployment claims are down to their lowest since 2007 with unemployment rate for women falling to 6.7% in September and that for men at under 8%. With the job market improving, people can better afford to select the company they would like to work with. To help them with their search, many turn to online job reviews site, Glassdoor.