According to the FY18 Economic Survey, India’s logistics industry is expected to grow at a compounded annual growth rate of 10.5% from $160 billion in 2018 to $215 billion by 2020. Indian E-commerce logistics startup Delhivery has pushed back its plans for a $350 million IPO and is now looking to raise funding. >>>
According to a Mordor Intelligence report published recently, the global telecom cloud market is estimated to grow 20% annually over the next five years to become a $34.6 billion industry by 2023. The researcher pegged the market at $12.5 billion in 2017. The growth in the market is expected to be driven by the demand for unified and virtualized communication and collaboration solutions. Billion Dollar Unicorn RingCentral (NYSE:RNG) recently announced its third quarter results that surpassed all market expectations.
According to a Radiant Insights research report, the global network security market is estimated to grow at 4.74% annually through the year 2022 driven the continuing adoption of mobile devices and the increasing demand for integrated security solutions. Santa Clara-based Billion Dollar Unicorn Palo Alto Networks (NYSE:PANW) is a leading player in the network security market whose stock has had a strong run this year.
According to AC Nielsen and the Indian Federation of Sports Gaming, the number of online fantasy gaming operators doubled to 60 from 30 in 2017 and about 100 million Indians are estimated to play fantasy sports by 2019. The leader in the space Dream11 with 90% of the market recently raised $100 million in venture funding. >>>
This week, Qualtrics International ditched its IPO plans and agreed to an $8 billion acquisition by SAP. Qualtrics was bootstrapped for ten years before it raised venture funding. With this acquisition, the founders and other major shareholders stand to make a cool $7 billion. >>>
According to a Mordor Intelligence report published recently, the mobile Anti-Malware market was estimated at $3.42 billion in 2017. It is estimated to grow 18% annually over the next five years to $9.2 billion by 2023. Recently, anti-malware focused player FireEye (Nasdaq: FEYE), reported its third quarter results, which surpassed market expectations.
According to a Business Wire report published recently, the global cloud-based IT Service Management market is estimated to grow 8.8% annually over the next four years. Another report published by Market Research Future estimates the global help desk automation market to grow to $11 billion by 2023, recording an annualized growth rate of over 33% during the period 2017 through 2023. Freshdesk, now called Freshworks, and Zendesk (NYSE: ZEN) are both capitalizing on this growth trend. >>>
According to a ResearchAndMarkets report published recently, the global security and vulnerability management market is expected to grow 10% annually over the next five years. The BFSI segment is expected to continue to hold the largest market share in the sector. Within geographies, the North American market will be the biggest market. Recently, Billion Dollar Unicorn Rapid7 (Nasdaq: RPD) announced its third quarter results that continued to outpace market expectations.