According to a Market Watch report, the global connected home market is estimated to grow 14% annually to reach a valuation of more than $138 billion by 2026. Connected homes include the ability to operate and connect various devices and appliances including those that provide security, healthcare, energy management, media, lighting, and kitchen solutions with
Earlier this week, Google’s parent, Alphabet (Nasdaq: GOOG) reported its first quarter results that, surprisingly, missed market estimates and sent the stock tumbling. A slowdown in the revenues caused the stock to fall 9% post announcement, making it the worst day for the stock since 2008.
Last week, cloud-based enterprise services provider ServiceNow (NYSE: NOW), announced its first quarter results that outpaced market expectations and sent the stock soaring. ServiceNow’s stock has soared 275% in the last three years and 28% in the previous quarter alone. Analysts expect its price rise to continue in the next twelve months with some forecasting
Amazon (NASDAQ: AMZN) has just reported its earnings results for the first quarter. While first quarter earnings blew past all estimates, earnings outlook for the second quarter was weak due to focus on one-day delivery for Prime members.
According to Market Research Future, the global customer analytics market is expected to grow 15% annually to $7.3 billion by 2023. Recently, San Francisco-based Segment.io announced its seventh funding round that enrolled it into the Billion Dollar Unicorn club.
Over the past year, about $215 billion were spent on acquisitions in the media industry by AT&T, Comcast, and Disney. Armed with these acquisitions, these media giants are now developing new streaming services that will launch by early 2020. This is worrisome for Netflix (NASDAQ: NFLX) as it licenses several shows from them.
According to Analytical Research Cognizance, the global messaging platform market is expected to grow 8.2% annually to reach $3.4 billion by 2024 from $2.29 billion in 2019. South Korean player SendBird is following an API driven strategy to conquer this market.
According to PwC, revenue from sharing economy sectors could more than double from $148 billion in 2014 to over $335 billion by 2025. Bangalore-based Drivezy, formerly JustRide, is a self-drive peer-to-peer car and bike sharing company that has been attracting much interest. According to PwC, revenue from sharing economy sectors could more than double from