According to a recent report, the global online survey software market is estimated to have grown 12% annually over the period 2014 to 2018 to $2.8 billion in 2018. The industry is estimated to grow to $5.7 billion by the year 2020. Billion-Dollar Unicorn SurveyMonkey (SVMK) recently reported its fourth quarter results that failed to impress the market.
SurveyMonkey's Financials
SurveyMonkey saw revenues grow 19% to $67.9 million, ahead of the market's forecast of $65.9 million. But while revenues were impressive, the significant losses that the company reported in the year were shocking. It