Earlier this month, Facebook (Nasdaq: FB) announced its first quarter results that surpassed market expectations. The company is focusing on developing its audio services to target the growing competition from other social media players like TikTok and Clubhouse.>>>
Earlier last week, Microsoft (Nasdaq: MSFT) announced its third quarter results that continued to outpace market expectations. Last month, Microsoft announced another big acquisition, this time within the Healthcare segment, to expand its presence in a $500 billion market.>>>
Earlier last week, Google (Nasdaq: GOOG) reported its first quarter results that continued to surpass market expectations. Google’s ad revenues for the quarter shattered all previous sales records for the first quarter as digital ad spending continued to increase. Regulators are trying to limit the power big tech has on global economies and population. But that appears to be doing little to stop Google’s growth.>>>
You have read my earlier piece, Cloud Stocks and PaaS: Which SaaS Players Will Win in PaaS, articulating a vision for a large number of SaaS players evolving into PaaS ecosystems.
We’ve been talking to a lot of PaaS developer ecosystem leaders, and one of the key issues they’re dealing with is the challenge of training a large number of developers at scale.
My observation is that there are two kinds of training required to build a thriving ecosystem: Technical and Business.
According to a Mordor Intelligence report, the enterprise collaboration market was estimated at $36.24 billion in 2020. It is expected to grow at over 10% CAGR over the next few years accelerated by the adoption of cloud-based technologies as a result of the work-from-home conditions propelled by the current pandemic. Atlassian (Nasdaq: TEAM) is looking to expand in this market through product release and acquisitions.>>>
According to a Market Research Future report, the global data analytics market size is estimated to grow to $132.9 million at a 28.9% CAGR by the year 2026. The widespread adoption of advanced technologies for business operations and the demand for data analytics for faster decision-making processes and cost reduction are key factors in driving the growth of this market. Chicago-based Civis Analytics has an interesting story where the founder leveraged his learnings from a political campaign to set up an organization focused on delivering operational insights to organizations.>>>
Earlier last week, Apple (Nasdaq: AAPL) announced its second quarter results that surpassed market expectations. Despite the pandemic, the company continues to see strong growth across its products and services line. It reported double-digit growth across all of its revenue categories in the quarter.>>>
Earlier this week, ServiceNow (NYSE:NOW) reported its first quarter results. For the fourth consecutive quarter, the company outpaced all market expectations. ServiceNow continues to invest in acquisitions, partnerships, and integrations, thus driving high-paced market adoption.>>>
According to a recent report, the Internet of Things (IoT) market is estimated to grow at 25% CAGR to reach $1.5 billion by 2027. Recently listed Tuya Technologies (NYSE: TUYA) is leveraging an active PaaS strategy to drive innovation and growth within this market.>>>
According to a Markets and Markets report, the global big data market is estimated to grow from $138.9 billion in 2020 to $229.4 billion by the year 2025 at a CAGR of 10.6%. San Mateo-based Incorta is counting on a PaaS strategy to make it big in this highly competitive market.>>>