Who Are The Top Vendors In The $44.2 Billion Retail Software Market?

By Christine Kern, contributing writer

Research from global research and advisory firm IHL Group, ranks top vendors in the Software and SaaS, a global market worth more than $44 billion annually. The study  Total Retail Software Market is part of the IHL Insight Market View series of research.

 IHL identified the top five retail software companies by installed revenue. Microsoft ranks first with Oracle, IBM, NCR, and SAP following in that order.  The top five retail SaaS companies are, in order of their rank, Microsoft, Demandware, IBM, eBay Enterprises, and Oracle.

Greg Buzek, president of IHL Group, states in a release, “Microsoft at $5.98 billion and Oracle at $3.67 billion 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, e-commerce, sales and marketing, merchandising and supply chain, and store systems. SaaS/cloud spending is forecast to grow over 389 percent in the next five years, which is a remarkable increase.”

The market overall is expected to grow 48 percent over the next five years. “As retailers look to remove hardware systems and move towards unified commerce, the software and SaaS market is exploding in size,” Buzek says.

The study also 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.

 For more information on the Total Retail Software Market report, click here.