Comparing the current results to its competitors, Sharpspring Inc reported Revenue increase in the 2 quarter 2021 by 11.49 % year on year. The revenue growth was below Sharpspring Inc 's competitors' average revenue growth of 19.36 %, achieved in the same quarter.
Sharpspring Inc 's Comment on Competition and Industry Peers
Our SharpSpring products compete primarily in the marketing automation, revenue growth, and advertisement retargeting markets. The market for marketing automation software and related solutions is evolving and highly competitive with expected competition to increase as barriers decrease as does complexity of the technology decreases. SharpSpring entered the market in 2014 with a highly competitive offering that achieved meaningful customer adoption in its first few years after launch.
We face competition from cloud-based software and SaaS companies, including HubSpot, Act-On, Pardot (part of Salesforce.com), and ActiveCampaign for our flagship Marketing Automation platform.
Overall company revenue, increased less, than total company revenues, at 11.49 % and lost market share, to approximately 0 %. << More on SHSP Market Share.
*Market share is calculated based on total revenue.
Liveperson Inc is a technology company that provides cloud-based messaging and AI-powered chatbot solutions for businesses to engage with their customers in real-time, increase sales, and enhance customer support. They monetize their services through subscription fees and usage-based pricing models, catering to enterprises of various sizes across industries.
Alpine 4 Holdings Inc operates as a holding company with a diversified business model, focusing on acquiring businesses that complement its existing portfolio and have the potential for growth. The company primarily aims to generate long-term value for its shareholders through strategic acquisitions, operational improvements, and fostering synergy among its subsidiaries.
Atlassian Corporation, a leading software company, operates on a subscription-based business model. They offer a suite of products and tools designed to improve team collaboration, project management, and software development. Their revenue is generated primarily through recurring subscription fees from customers who benefit from their cloud-based solutions and ongoing product updates and support.
is a leading provider of consulting, technology, outsourcing and next-generation digital services, enabling clients around the world to create and execute strategies for their digital transformation
Sources:
Sharpspring Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
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