The global pandemic may have resulted in an emergency shift to remote working conditions, but after a year, these changes are now becoming more permanent. Organizations globally are continuing to invest in digital transformation initiatives and the digital signature industry is benefiting from this transition. DocuSign (NASDAQ: DOCU) recently announced its fourth quarter results that surpassed market expectations.
>>>Rapid7 (NASDAQ:RPD), a leading provider of security analytics and automation, recently announced its long-term plans. The company is targeting an annual revenue run rate of more than $1 billion by 2025. It is looking to acquisitions and partnerships to help drive this significant growth.
>>>Recently enterprise cloud computing player Nutanix (Nasdaq: NTNX), reported its second quarter results that surpassed market expectations. The market was pleased with its performance and the stock climbed 5% in the after-hours trading session.
>>>Database-as-a-Service (DBaaS) provider MongoDB (Nasdaq: MDB) recently reported its fourth quarter results that surpassed market expectations. MongoDB continues to rely on an expanding partner network and product upgrades to drive market growth.
>>>According to a research by Adroit Market Research, the global enterprise collaboration software market is estimated to grow to $45 billion by 2025. Smartsheet (NYSE: SMAR), a leading provider of these services, is seeing strong demand for its products. The recent pandemic-induced virtual working conditions have accelerated the adoption of these technologies.
>>>Dropbox (Nasdaq: DBX) recently announced its fourth quarter results that surpassed market expectations. The company is going strong on acquisitions and product upgrades, but competition continues to remain brutal in the market.
>>>According to a recent report, the global Cloud Database and Database-as-a-Service (DBaaS) market was valued at $10.37 billion in 2019 and is expected to grow at 15.7% CAGR through 2026. DBaaS is a high growth industry and boasts of players like Oracle, MongoDB, AWS, Google, and SAP. DataStax is a niche player in the industry that is trying to find its positioning.
>>>According to a Market Research Future report, the global big data analytics market is estimated to grow at 29% CAGR to $132.9 billion by 2026. Teradata (NASDAQ: TDC) is an old player in the market that is trying to reinvent itself on the cloud. The company recently announced its fourth quarter results that shows declining revenues. The company may need to acquire relevant cloud players to turn around.
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