ThoughtWorks Continues to Acquire

According to a recent report, the US-based IT consulting market is estimated to grow 2% to $546.9 billion market in 2022. Recently listed tech consultant company ThoughtWorks (Nasdaq: TWKS) is expanding its market presence through acquisitions and partnerships.

Featured Videos

Cloud Stocks: Expensify Tests Other Services for Growth

The global expense management software market is expected to grow at 12% CAGR to reach $6.6 billion by 2025 driven by the continuing centralization of enterprise expense-related data. Centralizing all-expense-related data along with utilizing expense management software provides organizations with the ability to review, monitor, and manage expense reports on the go. While the market remains dominated by bigger players like SAP Concur, Sodexo, and Intuit, Expensify (Nasdaq: EXFY) is a smaller player that went public last year.

Netflix Widens Offerings and Subscription Plans

Earlier this week Netflix (Nasdaq: NFLX) reported its second quarter performance that failed to impress the market. The company continues to lose subscribers, albeit at a lower pace, and is looking at alternate revenue sources to drive growth.

Cloud Stocks: Analysis of IBM’s Randori Acquisition

Despite increased investment in cloud security services, companies continue to struggle with managing their attack surface amid recent data breaches. Surveys show that for 67% of organizations, their external attack surface expanded over the past two years due to the rising use of cloud, third-party services, the Internet of Things and cyber-physical systems. About 69% of these organizations have been compromised via unknown, unmanaged, or poorly managed internet-facing asset in the past year. IBM (NYSE: IBM) is trying to target this market through its recent acquisition of Randori.

Udemy Eyes High-Growth Asia Pacific Market

According to a recent report, the online education market is estimated to grow at 9% CAGR by 2025. The biggest growth in the market is a 37% CAGR growth from the Asia Pacific region. San Francisco-based Udemy (Nasdaq:UDMY) is cashing in on this growth projection by expanding its presence in the region.

Cloud Stocks: Sprinklr’s Deepening Integrations with TikTok and Amazon

According to a recent report, the global customer experience management market is expected to grow at 18% CAGR to $38.98 billion by 2030. New York-based Sprinklr (NYSE:CXM) is a leading player in the market that went public last year and continues to deliver strong results.

Cloud Stocks: Couchbase Focuses on Improving Efficiencies for Developers

The NoSQL database market is expected to grow at 28% CAGR to reach $24.9 billion industry by 2027 driven by the continuing rapid adoption of e-commerce applications and web applications. Recently listed Couchbase (Nasdaq: BASE) is a leading vendor in the market that recently announced its first-quarter earnings.

Cloud Stocks: Confluent Expands Ecosystem with Microsoft and AWS

According to Gartner, the global application infrastructure middleware market is projected to grow at 10% CAGR to $ 83.1 billion by 2027 from $ 47.5 billion in 2021. Silicon Valley-based Confluent is a leading player in the sector that operates a data streaming platform. Its managed cloud-native service for connecting and processing data and an enterprise-grade self-managed software, which connects and processes data in real-time with the foundational platform for data in motion, are seeing strong market adoption as was evident in its recent results.

Cloud Stocks: Marqeta Struggles, Tries to Recover Through an API Strategy

According to recent reports, the global credit card payments market is projected to grow at 9% CAGR from $138.43 billion in 2020 to reach $263.47 billion by 2028. The growth in the industry is attributed to the increasing demand for cash alternatives and availability of affordable credit cards across the globe. Marqeta (Nasdaq: MQ) is a leading card-issuing platform that is seeing significant adoption of its services across the country.

Cloud Stocks: ForgeRock Leverages AI for Growth

The global identity and access management (IAM) market is expected to grow at 14% CAGR to reach $25.6 billion by 2027 from $13.4 billion this year. San Francisco-based ForgeRock (NYSE: FORG), a key player in the industry, is leveraging AI capabilities to target this market.