The hottest enterprise tech startups to watch in 2020
Enterprise technology is big business, and the startup sector is bustling with
companies capitalising on the growth of demand for tools in the world of big
data, devops, cloud, mobility, the internet of things and cybersecurity.
Enterprise software spending is predicted to rise by 10.9% this year to $507
billion, according to Gartner.
“Almost all of the market segments with enterprise software are being driven
by the adoption of software as a service (SaaS),” John-David Lovelock, research
vice president at Gartner said. “We even expect spending on forms of software
that are not cloud to continue to grow, albeit at a slower rate. SaaS is gaining
more of the new spending, although licensed-based software will still be purchased
and its use expanded through 2023."
In this list we have pulled together some of the hottest startups who are building
software and services aimed directly at large enterprise customers, not consumers.
Whether you are looking to take the leap and work for a hot startup, or searching
for a solution not provided by the mega vendors, there are plenty of great companies here.
Here are just some of the fastest growing enterprise startups in the world, who their
customers are, funding so far and how close they might be to a 2020 initial public offering (IPO).