According to an Edison Research report, nearly 73 million people in the US listen to some form of podcast on a monthly basis. While podcasts have been around for a while, the service gained popularity in 2014 following the release of an investigative documentary called Serial that provided different views on a murder investigation and trial. Recently, Billion Dollar Unicorn Spotify (NYSE: SPOT) also recognized the importance of the podcast market when it announced two acquisitions in the space. But first, the financial results.
According to a Markets and Markets research report, the global cyber security market is expected to grow at a CAGR of 10.2% from $152.71 billion in 2018 to $248.26 billion by 2023. The growth is expected to be driven by the growing need for cloud-based solutions among SMBs. Sunnyvale-based Proofpoint (Nasdaq: PFPT) is a cloud-based enterprise email security, e-discovery, and compliance service provider that continues to see strong revenue growth.
According to a report published late last year, the global Data Visualization Applications Market is expected to grow at 10% CAGR by 2026. The growth is expected to be driven by the healthcare industry as it leverages the application of MRI in several medical areas including cardiology, radiology, and oncology. Recently, Billion Dollar Unicorn Tableau (NYSE: DATA) announced its fourth quarter results but its weak outlook failed to impress the market.
For the past few years, eBay (Nasdaq: EBAY) has been trying several strategies such as improving customer experience, search features, and improving seller capabilities to deal with Amazon’s might. But none of them seem to have worked for it as its growth has continued to slow down. For the recently reported quarter, eBay beat market expectations and even tried to lure the investors with the promise of a dividend. But they aren’t pleased and have initiated activist actions.
According to a recent Market Research report, the global Helpdesk Automation Market is expected to grow to more than $10 billion by 2022, recording an annualized growth rate of 32% over the next few years. Earlier this week, Billion Dollar Unicorn Zendesk (NYSE: ZEN) reported its fourth quarter results that surpassed all market expectations and sent the stock soaring to year-high levels.
Amazon (NASDAQ: AMZN) recently reported its fourth quarter results that beat analyst estimates. However, AWS, its cloud segment failed to impress analysts. >>>
Earlier this week, Google’s parent Alphabet (Nasdaq: GOOG) reported its fourth quarter performance. While the company surpassed market expectations for the quarter, rising costs and lower advertising prices are hurting its profits. The market was not happy, and in the after-hours trading session, the stock fell 3%.
According to researchers, the global IT Service Management applications market is expected to grow at nearly 10% annually to $2.8 billion by 2022 from $2.6 billion in 2017. ServiceNow (NYSE: NOW) is the leading vendor in the market followed by Atlassian Software. ServiceNow’s market share is estimated to have grown 42% in 2017.