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Technology Stocks
Cloud Stocks: Sumo Logic Counts on Acquisition and Product Upgrades
According to a recent Research and Markets report, the global market for Big Data is estimated to grow at a CAGR of 19% from $70.5 billion in 2020 to reach $243.4 billion by 2027. Redwood City-based Sumo Logic (NASDAQ: SUMO) is helping organizations manage structured and unstructured data from application infrastructure and mobile sources to become among the most powerful machine data analytics services in the world.
>>>Cloud Stocks: Alarm.com’s Product and Partner Portfolio Helps Address Competition
According to a Fortune Business Insights report, the global smart home market size is projected to grow at 29% CAGR to reach $622.59 billion by 2026. Virginia-based Alarm.com (NASDAQ: ALRM) is investing in product upgrades to cater to this growing demand.
>>>Cloud Stocks: Bill.com Expanding Payment Offerings for Small Businesses
The current pandemic conditions have helped accelerate the adoption and usage of digital transformation tools even across the SMB segment. Smaller businesses are leveraging services such as those provided by Bill.com (NYSE:BILL) to automate their financial operations. Bill.com’s platform is helping facilitate over $10 billion of B2B payments each month and is becoming a mission-critical tool for these businesses.
>>>Cloud Stocks: PagerDuty Sees Market Expand Beyond ITOps
According to a report published by IndustryArc, the global DevOps market is forecast to grow at 25.2% CAGR to reach $12.5 billion by 2025 driven by the increased need for faster application delivery, high productivity of business and to eliminate unnecessary capital expenditure in IT. San Francisco-based PagerDuty (NYSE: PD) announced its results recently that impressed the market.
>>>ThoughtSpot Leverages Artificial Intelligence to Make Business Intelligence Valuable
According to a MarketsAndMarkets report, the global business intelligence (BI) market is expected to grow at a CAGR of 7.6% to reach $33.3 billion by 2025. Sunnyvale-based ThoughtSpot is among the leading players in the market that hopes to make analytics easier for all users.
>>>ZoomInfo Bets on Partner Program
Recently, Go-To-Market intelligence provider ZoomInfo (Nasdaq: ZI) reported its quarterly results that surpassed market expectations. The company is focusing on expanding its partner network to ensure that it makes a bigger impact on the market.
>>>Cloud Stocks: Medallia Acquires to Expand Digital Experience Analytics
According to a Markets and Markets report, the customer experience management market is estimated to grow from $8.5 billion in 2020 to $14.9 billion by 2025 at a CAGR of 11.8%. Medallia (NYSE: MDLA), a leading player in the market, recently announced its fourth quarter results that surpassed market expectations.
>>>Cloud Stocks: Cloudera Focuses on Machine Learning for Verticals
According to a recent report, the global Hadoop-as-a-Service Market was estimated to grow from $7.4 billion in 2019 to $74.8 billion by 2026 driven by a demand for cost-efficient solutions for management of big data. Hadoop’s ability to handle large volumes of data efficiently and in a cost-effective manner is accelerating the growth of the service. Cloudera (NYSE: CLDR), a leading player in the market, reported strong results for the fourth quarter.
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