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.
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
Microsoft Corporation operates as a multinational technology company focused on software development, licensing, and related services. Its business model includes the creation and distribution of software products like operating systems and productivity suites, along with cloud-based solutions. Revenue is generated through hardware sales (such as gaming consoles), advertising, and consulting services.
ServiceNow Inc utilizes a subscription-based software-as-a-service (SaaS) model, offering a versatile platform for organizations to automate and optimize their IT and business processes. Their solutions span various domains, including IT service management, human resources, customer service, and security operations, providing a unified approach to enterprise workflow management. By delivering a comprehensive and scalable suite of applications, ServiceNow enables businesses to improve productivity, enhance customer satisfaction, and achieve operational efficiencies.
Oracle Corporations business model focuses on providing enterprise software solutions and cloud services. It generates revenue through software licenses, cloud subscriptions, and consulting and support services, addressing data management needs and the increasing demand for cloud technologies.
UiPath Inc. operates on a software-as-a-service (SaaS) model, providing a platform that enables organizations to automate and streamline their business processes through robotic process automation (RPA) technology. By offering a flexible and scalable solution, UiPath simplifies the implementation of automation tasks, improving productivity and efficiency for businesses across various industries.
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.
Updated on:
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