Earlier this month Adobe (NASDAQ: ADBE) reported its quarterly results that were ahead of market expectations. However, a weak revenue outlook did not bode well for its stock, and the stock fell 5% in the after-hours trading session.
>>>According to a recent report, the global cybersecurity market is projected to grow at 13% CAGR from $245.62 billion in 2024 to $500.70 billion by 2030. This surge is fueled by the increased adoption of smart devices and the widespread deployment of cloud services that require advanced security solutions. Cloud security provider Zscaler’s (NASDAQ: ZS) recent quarterly performance that outpaced market expectations. The company continues to expand its AI offerings through acquisitions.
>>>According to a recent report, the global website builder software market is estimated to grow 7% annually from $2.4 billion to $3.8 billion by 2032. Wix.com (Nasdaq: WIX) is expanding its presence in the market by adding to its AI capabilities.
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The global privileged access market (PAM) is expected to grow 23% annually over the next few years to reach $28 billion by 2034 from $3.6 billion in 2024. The growth in the industry is driven by increasing cybersecurity threats coupled with the push from stronger regulatory requirements and compliance mandates.
According to a recent report, the global AI chip market is projected to grow at 20% CAGR to reach $311.6 billion by 2029 from $123.16 billion in 2024. The growth in the market is driven by the increasing adoption of AI technologies and applications across various industries, including BFSI, healthcare, retail & e-commerce, and media & entertainment. One player benefiting from this growth is Broadcom (NASDAQ: AVGO) that recently announced its quarterly results.
>>>According to a recent report, the enterprise gen AI market is estimated to grow at 38% CAGR from $2.94 billion in 2024 to 2030, driven by the increasing need to use AI across hardware, software, and diverse applications. Palo Alto-based Glean has made big inroads in the industry.
>>>According to a recent research, the global agentic AI market is expected to grow at 41% CAGR from $7.3 billion in 2025 to $41.3 billion by 2030. San Francisco-based Adept AI is trying to make its mark in this high growth, yet competitive space.
>>>According to a recent report, the AI market is estimated to grow at 37% CAGR from $279 billion in 2024 to $1.8 trillion by 2030. Perplexity AI continues to make its presence felt in the market with the launch of new offerings.
>>>Technology companies are being very cautious of listing this year. According to a market report, May was the slowest month for IPOs as companies struggle with macroeconomic pressures and the troubled geo-political situation. LogicMark’s recent delisting is an anecdote of the current conditions.
>>>Yesterday NVIDIA (NASDAQ: NVDA) reported its first quarter results that beat all estimates. The growing demand for AI has driven NVIDIA’s performance over the last few quarters, with more growth yet to come. However, the company was dealing with the trade tensions between the US and China.
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