According to a recent MarketsandMarkets report, the global enterprise collaboration market size is projected to grow from $31 billion in 2019 to $48.1 billion by 2024 at a CAGR of 9.2%. Billion Dollar Unicorn Atlassian (Nasdaq: TEAM) is a leading service provider in this market, which recently reported first quarter results that just about beat estimates.>>>
Earlier this week, IBM (Nasdaq: IBM) declared its third quarter results that exceeded earnings expectations despite missing revenue estimates. The stock fell nearly 5% post the result announcement in the after-hours session.>>>
Blackbaud, the world’s leading cloud software company powering social good, and the One Million by One Million (1Mby1M) global virtual accelerator have come together to launch the Blackbaud – 1Mby1M Social Good Startup Challenge.
According to a report by Research On Global Markets, the global machine learning market is expected to grow 48% annually to $19.4 billion by 2023. The growing adoption of IoT devices and of a connected business ecosystem is expected to drive data-powered decisions, thus fueling the requirement for machine learning technologies.>>>
According to a report by MGI Research, the total addressable market of contract lifecycle management companies is estimated to grow at a CAGR of 31% to $20 billion over the next five years. Bellevue, Washington-based Icertis is a leading player in the market that recently achieved a Unicorn status for its AI-based platform.>>>
According to a Market Research Future report, the global procurement software market is projected to grow at 10% CAGR to $10 billion by the year 2023. The integration of AI capabilities with procurement software is expected to help bring on significant developmental opportunities into the procurement software market.>>>
According to a recent Salesforce survey, nearly half of all salespeople believe that AI is critical in guided selling capabilities. AI-driven sales engagement is a hot space and Outreach is one of the first unicorns from this field.>>>
According to a recent Market Research Future report, the global sales performance management market is estimated to grow at 16.6% CAGR to $9.34 billion by the year 2023. The growth is attributed to the increasing demand to build a metrics-driven sales tool and the need for driving channel effectiveness across industries. Utah-based InsideSales.com is a leading player in the market which is leveraging AI capabilities to deliver on these expectations.>>>