Software-as-a-Service is growing at a remarkable pace in retail. For 2017, retailers are reporting as much as 34% of their software spend for the year will be on cloud solutions (up 31% in North America year to year). This ranges across solutions with as high as 47% for eCommerce and 33% of software spend for BI/Analytics and now up to 27% of Store Systems in some segments. Without question, the cloud and SaaS model is redefining the economics of retail IT spend and becoming a key part of making Unified Commerce a reality in retail.
Over the years we’ve amassed a tremendous amount of primary- and secondary-source data through first hand consulting experience in this pursuit. From this ever-growing knowledge base, offerings like our Sophia Data Service, The Worldview IT Sizing Forecast Model as well as custom research projects have been developed and successfully launched.
The IHL Insight Market View series of research studies build upon all this knowledge and add analyst insight to graphically display vendor positioning, drive for innovation and projected growth.
The goal of this report, as well as the entire IHL Retail Executive Advisory Program (REAP), is to provide the retail community with the most detailed and complete picture imaginable of the retail technology landscape. We do this to assist retailers in vendor selection and to help the industry understand the trends, drivers and barriers that are fundamentally transforming our industry.
This particular report looks at the overall Retail SaaS Market Worldwide.
Who are the real leaders? Who is leading in the Retail SaaS market? Which vendors are leading in sales, innovation, market reach and can implement a complete Unified Commerce approach via the Cloud? It’s all here.
Retailers are encouraged to use these charts in discussions with their vendor partners. It is our intent that they provide unique insights into vendor strategy and provide thought-provoking questions as we all move though and prosper in the Era of Intentional Innovation.
Please note: the PDF e-mail from publisher version of this report is for a global site license.