Indian E-Commerce Unicorns 2022: GlobalBees Acquires its Way to the Club

According to a recent report, the Indian E-commerce market is expected to grow to $188 billion by 2025 from $46.2 billion in 2020. The market is expected to further grow to $350 billion by 2030 from $74.8 billion in 2022 driven by an increase in internet and smartphone penetration. These growth rates are triggering the creation of several e-commerce unicorns in the country. One recent entry is GlobalBees.

Featured Videos

Indian E-Commerce Unicorns 2022: DealShare Looking to Double its Market Reach

According to a Bain report, the social commerce in India is expected to grow from $1.5-$2 billion market in 2022 to as much as $20 billion in five years. The report expects this market to grow to $70 billion by 2030, making India’s social commerce sector twice the size of the current e-commerce market within 10 years. The high growth market has attracted several players who are managing to hit unicorn status due to their ability to create a massive user base. One such player is DealShare.

Decacorns: Blockchain.com’s Stellar Growth Story Continues Through Acquisitions

According to a recent report, the global Blockchain technology market was valued at $5.92 billion in 2021 and is expected to grow at an impressive 86% annual rate through to 2030. The growth in the market is expected to be driven by the continued adoption of cryptocurrencies by governments and through the increasing venture capital funding within the blockchain technology companies. The governments of the US, Canada, Australia, El Salvador, and Ukraine have already legalized several transactions in cryptocurrency. Even the EU makes it legal to trade and use Bitcoin. Blockchain.com is the poster child of the industry that continues to grow through acquisitions and product expansion.

Cloud Stocks: Veeva Targets $13 Billion TAM

Pleasanton, California-based Veeva (NYSE: VEEV) recently reported its first-quarter results that continued to outpace market expectations. The company crossed a major milestone as it ended the quarter with an annualized revenue rate of over $2 billion. The market is very pleased with Veeva, and its stock jumped 13% in the after-hours trading session.

Cloud Stocks: Nutanix Stumbles on Supply Chain Issues

According to a recent report by Emergen Research, the global Hyper-Converged Infrastructure (HCI) market size is estimated to grow at 26.8% to reach $48.17 billion by 2028 from $ 7.34 billion in 2020. The growth in the industry is driven by the rising demand for data security and disaster recovery solutions. Nutanix (Nasdaq: NTNX), recently reported its third quarter results that continued to surpass market expectations, but the weak outlook was not looked upon favorably by the stock market.

Cloud Stocks: Analysis of Workday’s VNDLY Acquisition

Enterprise services provider Workday (NASDAQ: WDAY) recently announced its first quarter results that failed to impress the market. But the company continues to diversify its offerings through acquisitions and product development.

Cloud Stocks: Analysis of Salesforce’s Troop.Ai Acquisition

Earlier this week, Salesforce (NYSE: CRM) announced results for a strong first-quarter that continued to surpass market expectations. The company is adding to its strong enterprise offerings through acquisitions and partnerships.

Zscaler Leads the Pack in Highly Competitive Cyber Security Market

According to a Grand View Research report, the global secure access service edge market is estimated to grow at 36.4% CAGR from 2021 to 2028 driven by remote working conditions that have accelerated the demand for a robust security framework that can potentially ensure secure access to data on the go. Cloud security provider Zscaler (NASDAQ: ZS) is benefiting from this high growth trend.

Analysis of BigCommerce’s Acquisitions

E-commerce platform BigCommerce recently reported its first-quarter results that outpaced market expectations. According to a recent report, the global B2B e-commerce market is estimated to grow at 18% CAGR to $25.65 trillion by 2028. BigCommerce is looking to capture this market through acquisitions.

Palo Alto’s Multi Platform Approach Delivers Results

According to a report published earlier this year, the global cyber security market is projected to grow from $155.83 billion in 2022 to $376.32 billion by 2029 at a CAGR of over 13%. The war in Ukraine is expected to drive 2022 spend even higher. Security player Palo Alto Networks (NYSE:PANW) continues to expand its market presence through its multi-platform strategy.