Microsoft and Oracle lead $55.4b Retail Software Market – IHL Research
NASHVILLE, Tenn. – May 12, 2017 – IHL Group announced today the release of its new research that ranks the top vendors in the Software and Software-as-a-Service market in Retail Worldwide, a market worth over $55.4 Billion in 2017 annually and expected to $77.4 Billion worldwide by 2021 as retailers upgrade and integrate systems to compete. The study, titled appropriately “Total Retail Software Market Study” is part of the IHL Insight MarketView series of research.
“As retailers continue to transform for unified commerce, the software and SaaS market is exploding in size with investments that will not only leverage business intelligence, analytics, loyalty, and merchandising systems, but also extended investments in IoT, artificial intelligence and advanced training tools for associates,” said Greg Buzek, President of IHL Group. “Microsoft, Oracle, SAP and IBM are the clear leaders overall, but many vendors are seeing strong growth with Salesforce in particular growing significantly with increased SaaS/Cloud spending in the market.”
According to the study, these are the Top 5 Retail Software Companies by installed revenue:
Top 5 Retail Software Companies Worldwide
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 various sectors of the market 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.
“What makes this research different and more rigorous is that it is based on a very sophisticated and highly objective research model,” added Buzek. “It allows vendors, retailers and analysts to see who are the real leaders in retail software, true software market rankings, who is leading in the fast-growing software-as-a-service market, and which vendors are leading in sales, innovation, market reach and can implement a complete unified commerce approach.”
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.
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