IHL Forecasts 263% Growth in Retail SaaS Market

retail software
NASHVILLE, Tenn. – May 22, 2017 – The Retail Software-as-a-Service market is experiencing explosive growth according to new research from IHL Group.  
The market worldwide is forecast to grow from $6.8b in 2016 to $24.7b by 2017. The study, titled appropriately “Total Retail SaaS Market Study” is part of the IHL Insight MarketView series of research.

“Retailers are moving to cloud-based software at an unparalleled rate,” said Jeff Roster, Vice President of Strategy for IHL Group. “Smart retailers are investing in all different aspects of Unified Commerce and specifically investing in cloud solutions for solutions for one system of record for the order, one view of the inventory, and one system of record on the customer. Those retailers that can leverage these systems in every channel will be best positioned to compete.”

According to the study, these are the Top 5 Retail Software-as-a-Service companies by installed revenue:
Top 5 Retail SaaS Companies Worldwide
1. Microsoft
2. Salesforce
3. Ceridian
4. Shopify
5. Oracle
The new study forecasts the size, trends and barriers of the market worldwide, with rankings of the top 15 vendors in each area. It provides a 5-year forecast for the market and how the market is shifting from traditional software to software-as-a-service. There are IHL Insight MarketView charts for ERP, BI/Analytics, Ecommerce, Merchandising, Supply Chain Management, Sales/Marketing/CRM, and Store Systems that provides quadrant positioning of vendors with scale for investment and acquisition review. Finally, there are competitive profiles that review the size and quality of the businesses for the top vendors.

“It is important to note, however, that a significant barrier that has arisen is coming from the restrictions that malls are putting on tenants by forcing them to use the mall-based internet line – one that is often inadequate for today’s needs,” added Roster. “This challenge is greatly increasing the push to Software Defined WAN technologies as these retailers must optimize whatever communications pipes they can get to their stores. So although we are forecasting “

Vendors with coverage in this study include: 

1010 Data, Acxiom, Adobe, Amadeus, Amazon, APT, Aptos, Beetailer, Bematech, Birchstreet Systems, Cashstar, Ceridian, Fujitsu, GoodData, HP Enterprise, IBM, iCIMS, iCrossing, Incomm, Info, Infromatica, iTradeNetwork, Kibo, Kronos, Lightspeed Retail, Magento, Manhattan, Microsoft, Microstrategy, MyBuys, NCR, NopCommerce, One Network, Oracle, Order Dynamics, Park City, PeopleMatter, Radial, Reflexis, Revionics, Sage Software, Salesforce, SAP, Shopify, Tillster, Ultimate SW, and WebCollage
For more information, see the research and advisory section of the company website at www.ihlservices.com 

About IHL Group
IHL Group is a global research and advisory firm headquartered in Franklin, Tennessee, that provides market analysis and business consulting services for retailers and information technology companies that focus on the retail industry. 

For more information, see www.ihlservices.com

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