NASHVILLE, Tenn.--(BUSINESS WIRE)--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 $44 Billion annually and expected to grow 48% over the next 5 years. The study, titled appropriately “Total Retail Software Market” is part of the IHL Insight Market View series of research.
“As retailers look to remove hardware systems and move towards Unified Commerce, the software and SaaS market is exploding in size,” said Greg Buzek, President of IHL Group. “Microsoft at $5.98b and Oracle at $3.67b in estimated retail revenue are the clear leaders overall, but many vendors are seeing strong growth in a variety of categories such as Business Intelligence, eCommerce, Sales and Marketing, Merchandising and Supply Chain, and Store Systems. SaaS/Cloud spending is forecast to grow over 389% in the next 5 years, which is a remarkable increase.”
According to IHL, these are the top 5 companies by installed revenue:
Top 5 Software Companies
Top 5 Software-as-a-Service Companies
The research, available immediately, provides rankings and detailed business profiles of the top 15 software providers including their total retail revenues, revenues by region, revenues by hardware, software, software-as-a-service, and services, as well as key wins and merger/acquisition news. Vendors are also positioned in a 3-dimensional quadrant view that considers market strength, innovation, growth, global reach as well as scale. The report shows not only who is innovating and/or market leaders, but the scale of their business relative to their competitors and the market as a whole.
“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.”
This is the first in the IHL Insight Market View series of research. Future research will include Total Retail IT Sector Revenue, Total Retail IT Services, POS Software, Merchandising and Supply Chain among others.
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.