10 Most Promising Retail Solution Providers - 2019
Retail industry by and large is on the wagon of transformation that is controlled by informed and empowered customers. Technology has galvanized customers to expect and demand higher quality products and fulfilling services, and accordingly the competitive market has risen to new heights. The digital market is expanding and providing new opportunities and insights to generate revenue growth for businesses using data. The supply chain is gaining traction among retailers to offer consumers a differentiated service. Consumer data has become a prerequisite to offer products that go in line with customer preferences and tastes.
India has one of the world’s fastest growing e-commerce markets, engineered by robust investment in the sector and growing internet users. In India, total consumption expenditure is expected to reach nearly USD 3,600 billion by 2020 as of USD 1,824 in 2017, which accounts for over 10 percent of the country’s GDP and 8 percent of the employment. The retail market size is projected to USD 1,200 billion in 2021F. According to Department of Industrial Policies and Promotion (DIPP), the Indian retail trading has received Foreign Direct Investment equity inflows over a total of USD 1.66 billion from April 2000 till March 2019. The demand for retail solution providers is increasing in a market that needs precise solutions for market problems. Therefore, a distinguished panel consisting of CEOs, CIOs, CXOs, and analysts including CIOReviewIndia editorial team have evaluated the top companies in this bubble and shortlisted the ones that have set benchmarks in the way corporate treat and manage people. We present to you “10 Most Promising Retail Solution Providers - 2019”.
We present to you CIOTechOutlook 10 Most Promising Retail Solution Providers - 2019.
Top Retail Solution Providers
|Company Name||Company Description|
|Algoworks||A provider of retail solutions and customer software for Online Shopping, Mobile Shopping, Order Management, and Customer Management .|
|CitiXsys Tech Solutions||Core competency lies in retail management, BI, POS, customer loyalty, omnichannel, eCommerce, mPOS, inventory management, retail analytics, and ERP integration|
|Cybatesoft||Avails retail focused solutions enclosing Digital Marketing, E-commerce websites, ERP applications, and Mobile & Web Applications.|
|E Orchids Techsolutions||Specializes in Web Designing, Web Development, Customized ERP System, Multimedia, Mobile Application Development, Software Services for retail industry.|
|Exclusife||Helps SME retailers to leverage Business ePage, Social marketing, customized loyalty program and Customer Mobile app.|
|GoFrugal Technologies||Offers Retail POS Software and solutions for Retail Billing, Inventory Tracking, Customer Loyalty Management, and Multiple/ Chain Retail Store Management.|
|Hughes Systique Corporation||Develops a suite of components that include Data Analytics Portal, POS & mobile payments for retail technology vendors and retailers.|
|Innoviti Payments Solutions||Enables Payments Processing, Credit distribution, Payments Management, EMI, Payments Automation, and SME Credit in retail industry.|
|Orpak Systems India||Builds capabilities around Retail Automation, Payment Solutions, Fuel & Fleet Management, Consumer Pump Automation, and Electronic Sealing Systems.|
|Visionet Systems||Expertise revolves around Omni Channel Retail, Digital Strategy & Transformation, Retail/Wholesale/Distribution, and Consumer Lending.|