We are honored to announce that the cross-platform, cross-channel POS and retail management software Retail Pro® was ranked number 1 retail mid-market POS in market share, global reach, innovation, and growth in the latest Retail Executive Advisory Program Research Study from IHL Group.
The study evaluated retail technology providers from all over the world based on relative strength, growth, direction, resilience, and market share.
“Over the years we’ve amassed a tremendous amount of primary and secondary-source data in this pursuit to assist retailers in vendor selection and to help understand the trends transforming our industry,” said Jerry Sheldon, Vice President of the IHL Group. “The study considers primary and secondary source data to evaluate and rank on-premise and SaaS POS for retailers with chains ranging from 1 to 100 locations – representing over 9 million POS locations installed POS units worldwide.”
In this hyper-competitive context, Retail Pro holds 5.9% market share in the midmarket slice for general retail and also ranks as a top performer in IHL’s positioning map which measures vendors by innovation and market strength dimensions.
Kerry Lemos, CEO of Retail Pro International, comments, “We thrive in the highly creative and demanding environments in all major markets worldwide. Striving together with our loyal customers drives us to keep honing our technology to be more efficient, more innovative, and more adaptable to the diverse retail brands using Retail Pro worldwide.”
As retail in emerging markets continues to expand and enterprise retailers are rearchitecting systems for unified commerce, IHL projects the POS software market will grow 53% from $3.2 billion in 2018 to $4.9 billion in 2023, implying further growth opportunity for top POS providers.
“In spite of economic condition setbacks in some markets, retail continues to advance in North America, EMEA and APAC. This presents our retail technology solution providers with an opportunity to move forward and prosper in the era of intentional innovation,” commented Greg Buzek of IHL. “These companies, ranked above all others in our study, represent a cohort of movers who push and help organizations drive growth. We congratulate the top-performers who move our industry forward.”
We are humbled at the significance of being ranked top POS at a global scale, and it is not by our efforts alone that this achievement was earned. Thus, we would like to recognize the people who work so hard every day, everywhere in the world, who are the hands, feet, minds, and retailers behind this triumph:
Our brilliant retailers who are always optimizing for more beauty and efficiency in retail experiences – and are using Retail Pro to do it.
Our forward-thinking designers, architects, engineers, and developers who create and support Retail Pro, and our dedicated team of business staff who keep the company on an upward trajectory.
Our skilled Business Partners who labor day and night to serve the 9000 retailers worldwide entrusting their operations to Retail Pro.
Our innovative Strategic and Development Partners who augment Retail Pro with the plugins and integrations they create.
All striving together for opportunities to push beyond what we thought we could do yesterday. All uniting to make retail what it is today.