The IT Service Management (ITSM) applications market is expected to reach $6.8 billion by 2025, from $6.3 billion in 2020. ServiceNow (NYSE:NOW), one of our picks for 25 Cloud Stocks to BUY for 2022, remained the largest vendor in the space with a 40% market share, followed by Atlassian and LogMeIn. Recently, it reported its fourth quarter results that continued to outpace market expectations.
>>>The Big Blue (NYSE: IBM) recently reported stellar fourth-quarter results. IBM’s performance had been declining for a while. But it appears to have made a rebound with the company delivering three straight quarters of positive growth.
>>>Non-life insurance market in India is expected to grow 14% in fiscal 2022 from INR 1.98 trillion (~$27 billion) in fiscal 2021 driven by the influx of private insurers in the sector. But despite the market size, currently, only a fraction of the nation’s 1.3 billion people have access to affordable, sizable policies. Acko is a leading non-life insurance player in the country that recently entered the unicorn club.
>>>The food delivery market in India is expected to grow at 28% CAGR through 2026, and 26% this year. The market is highly fragmented with global players like McDonald’s and Pizza Hut competing with Indian-origin players like Zomato, Swiggy, and Rebel Foods. Rebel Foods is among the latest Unicorn players in the country that is spearheading the Cloud Kitchen concept.
>>>The EdTech market in India is estimated to reach $126 billion in 2022 from $63 billion in 2016. K12 education market alone is expected to be $55 billion by 2022. The recent pandemic has accelerated the growth in the EdTech market with user base doubling from 45 million in 2019 to 90 million in April 2020. Analysts believe that the increasing adoption and availability of online tools will continue to accelerate the growth of this market in the coming years. Vedantu, is among the leading Unicorns in the market.
>>>The global mobile games market is estimated to grow at 24% CAGR to reach $420.4 billion by 2026. The growth will continue to be driven by increasing smartphone penetration, particularly in emerging markets. The Indian mobile gaming industry is expected to be one of the fastest-growing markets, and Unicorn Mobile Premier League is cashing in on this growth.
>>>India’s manufacturing segment accounted for 17% of its GDP last year. While it is a big market, it still remains a highly untapped and fragmented one. India’s Unicorn entrant Zetwerk is leading the process of bringing eCommerce to this sector, and it appears to be successful.
>>>The global e-learning market is expected to grow at 21% CAGR to reach $1 trillion by 2027. India’s Unicorn entrant, Eruditus, is aspiring to become one of the leading players in the market.
>>>India’s online education market is expected to grow to $3.5 billion in 2022 from $735 million in 2019. India boasts of the world’s second-largest e-learning market after the US that is catered by more than 9,000 education technology startups. upGrad is one of the Unicorn players consolidating this space.
>>>The global sales enablement platform market is estimated to grow at 19% CAGR to reach $7.3 billion market by 2028 from $1.7 billion in 2020. Indian Unicorn Mindtickle is helping improve sales team effectiveness by deploying AI, ML, and gamification capabilities into the mix.
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