Receipt

    Filed May 4, 2026

    Called it.

    The short version

    Terry Kawaja's prediction, paraphrased from the linked source (June 23, 2014): Fragmentation happens, so get used to it. Verdict: Called it. Fragmentation continued exactly as Kawaja predicted: the LUMAscapes kept growing (martech alone hit 14,106 logos in 2024), and the consolidation buyers were told to stop waiting for never arrived at the long-tail level.

    Prediction by

    Terry Kawaja

    On June 23, 2014

    Paraphrase: Fragmentation happens, so get used to it.

    Follow-up

    Fragmentation continued exactly as Kawaja predicted: the LUMAscapes kept growing (martech alone hit 14,106 logos in 2024), and the consolidation buyers were told to stop waiting for never arrived at the long-tail level.

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