According to a recent Markets and Markets report, the global Enterprise Collaboration Market is expected to grow from $47.2 billion in 2021 to $85.8 billion by 2026 at a CAGR of over 12%. The continuing remote work conditions are helping companies such as Smartsheet (Nasdaq: SMAR) that offer solutions geared to help drive collaboration within organizations.
>>>Recently, eSignature player DocuSign (Nasdaq: DOCU) announced its second quarter results that surpassed market expectations. Analysts have been concerned that as businesses begin to open up, companies like DocuSign will see their growth slow down. But DocuSign’s results appear to be proving otherwise.
>>>Bill.com (NYSE:BILL), a cloud-based provider of financial services for SMBs, continues to expand its presence through acquisitions. After completing the acquisition of Divvy earlier this year, the company recently announced another acquisition.
>>>According to a recent report, the global database-as-a-service market grew to $12.8 billion in 2020. The market is expected to grow 20% through 2026. MongoDB (Nasdaq: MDB), a leading player in the market, recently reported its second-quarter results that continued to surpass market expectations. Its stock surged 25% to a 52-week high following the results.
>>>Big data player Splunk (NASDAQ: SPLK) recently announced its quarterly results that surpassed market expectations. But the company’s growth metrics continue to decelerate. It is trying to drive growth through its cloud platform upgrades.
>>>According to a recent market report, the global Unified Communication as a Service (UCaaS) market size was estimated to grow from $25.85 billion in 2020 to $69.93 billion by 2028 at a CAGR of 13%. Recently, RingCentral (NYSE:RNG) announced its second quarter results that shattered the market expectations.
>>>According to a recent market report, the global cyber security market size is expected to grow to $400 billion by 2027. The growth is expected to be driven by the SMB segment, which will witness a growth of 15% CAGR. Security player Palo Alto Networks (NYSE: PANW) continues to tap into the market through product upgrades and partnerships.
>>>According to a recent report, the global Subscription and Billing Management software market is estimated to grow to $6.5 billion in 2026 from $3.6 billion in 2020. San Mateo-based Zuora (NYSE: ZUO), a leading player in the market, recently announced its second quarter results that continued to surpass market expectations.
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