In 2023, the global Retail software market surged to nearly $36.3 billion, growing by 11.9%. The top 10 vendors commanded a significant 47.5% market share, with Adobe leading at 12.4%, followed by MicrosoftSalesforceShopify, and Oracle.

Our APPS TOP 500 Market Report (Preview) covers thousands of Retail software vendors, offering deep insights into market dynamics, vendor strengths, AI investments, customer momentum, and go-to-market strategies providing valuable perspectives on market trends and challenges.

Discover thousands of Retail Customer Wins with the ARTW Technographics Platform, an essential resource for technology enthusiasts, sales business leaders, and data-driven marketing executives, offering curated insights into the evolving landscape of the software industry, including the latest developments in Retail.

Exhibit 1 – 2023 Retail Applications Market Shares Split By Top 10 Retail Vendors and Others
Exhibit 1 – 2023 Retail Applications Market Shares Split By Top 10 Retail Vendors and Others

We ask the simple question: Who’s buying Retail applications from whom and why? And we provide the answers – supported by decades of research – to our clients around the world. (Sample from our Apps Database)

Through our forecast period, the Retail applications market size is expected to reach $45.7 billion by 2028, compared with $36.3 billion in 2023 at a compound annual growth rate of 4.7%.

Exhibit 2: Worldwide Retail Software Market 2023-2028 Forecast, $M
Year202320282023-2028 CAGR, %
Total36320457134.7%

Source: Apps Run The World, June 2024

Top 10 Retail Software Vendors

Retail (Enterprises involved in the sale of goods, services, general and convenience stores, restaurants) – Multi-channel retail software, Point of Sale system, Store management system, Trade Promotions Management, Fresh food software, Price Optimization, Health, and Safety Software, Workplace Risk Management solutions, Retail Execution Management solutions, Financials, HR, Procurement

Multichannel retailing led by eCommerce will dominate the IT agenda of retailers as the capturing and analysis of real-time customer and inventory data will help facilitate better planning and demand forecasting.

Here are the rankings of the top 10 Retail software vendors in 2023 and their market shares.

RankVendor2021 Retail Apps Revenues, $M2022 Retail Apps Revenues, $M2023 Retail Apps Revenues, $MYoY Growth2023 Retail Market Share, %
1Adobe Subscribe Subscribe Subscribe13.0% Subscribe
2Microsoft Subscribe Subscribe Subscribe7.0% Subscribe
3Salesforce Subscribe Subscribe Subscribe12.4% Subscribe
4Shopify Subscribe Subscribe Subscribe 15.5% Subscribe
5Oracle Subscribe Subscribe Subscribe3.1% Subscribe
6NCR Corporation Subscribe Subscribe Subscribe 8.3% Subscribe
7SAP Subscribe Subscribe Subscribe 5.7% Subscribe
8Intuit Inc. Subscribe Subscribe Subscribe7.3% Subscribe
9ServiceNow Subscribe Subscribe Subscribe17.5% Subscribe
10Workday Subscribe Subscribe Subscribe18.7% Subscribe
Subtotal Subscribe Subscribe Subscribe 10.6% Subscribe
Other Subscribe Subscribe Subscribe 13.2% Subscribe
Total27732324543632011.9%100.0%

Source: Apps Run The World, June 2024

Other Retail software providers included in the report are: 7shifts, ACI Worldwide, Inc., ADP, Aptos, Atlassian, Aurea, Avalara, Blue Yonder, Cisco Systems, Citrix, Constellation Software Inc., CoStar Group, Dailypay, Dayforce, DocuSign, Inc., Dropbox, Edgeverve, an Infosys company, Epicor, Exact Holding BV, Fiserv, Genesys Telecommunications Laboratories, Global Payments Inc., GoodData, Google, Infor, Informatica, Kingdee, Kooomo, Nice Systems, Openbravo, Open Text Corporation, Partech, Pegasystems, Pitney Bowes, PRGX Global Inc., PTC, Qlik, Reflexis Systems, Roper Technologies, Inc., Sage, SAS Institute, ServiceNow, Sitecore, SolarWinds, SPS Commerce, Inc., Symphony RetailAI, Tango Analytics, Teradata Corporation, TOTVS, UKG, Verint Systems Inc., Visma, Vonage, Workday, Workwell Technologies, Wunderkind (formerly BounceX) Yonyou, Zendesk, Zoom Video Communications, Zoho Corp. and others.

Custom data cuts related to the Retail Applications market are available:

  • Top 1000+ Retail Applications Vendors and Market Forecast 2023-2028
  • 2023 Retail Applications Market By Functional Market (16 Markets)
  • 2023 Retail Applications Market By Country (USA + 45 countries)
  • 2023 Retail Applications Market By Region (Americas, EMEA, APAC)
  • 2023 Retail Applications Market By Revenue Type (License, Services, Hardware, Support and Maintenance, Cloud)
  • 2023 Retail Applications Applications Market By Customer Size (revenue, employee count, asset)
  • 2023 Retail Applications Market By Channel (Direct vs Direct)
  • 2023 Retail Applications Market By Product
Buyer Intent: Companies Reading this Research Report
ARTW Buyer Intent uncovers actionable customer signals, identifying software buyers actively reading this research report. Gain ongoing access to real-time prospects and uncover hidden opportunities. Companies Actively accessing this research report include:
  1. Macy's, a United States based Retail organization with 94570 Employees
  2. Wondersoft, a India based Professional Services company with 300 Employees
  3. Adhi Karya, a Indonesia based Construction and Real Estate organization with 1851 Employees
LogoCompanyIndustryEmployeesRevenueCountryEvaluated
Macy'sRetail94570$25.3BUnited States2024-12-21
SubscribeSubscribeProfessional Services300$50MIndia2024-12-19
SubscribeSubscribeConstruction and Real Estate1851$772MIndonesia2024-12-16
SubscribeSubscribeProfessional Services400$70MIndia2024-12-16
SubscribeSubscribeManufacturing7000$2.0BCanada2024-12-12
SubscribeSubscribeProfessional Services10$1MUnited Arab Emirates2024-12-11
SubscribeSubscribeProfessional Services60$6MChina2024-12-11
SubscribeSubscribeProfessional Services60$6MChina2024-12-09
SubscribeSubscribeProfessional Services10$1MLithuania2024-12-06
SubscribeSubscribeBanking and Financial Services10$1MUnited States2024-12-04
SubscribeSubscribeBanking and Financial Services7000$1.2BCanada2024-11-29
SubscribeSubscribeProfessional Services32000$12.3BUnited States2024-11-24
SubscribeSubscribeProfessional Services40$4MUnited States2024-11-18
SubscribeSubscribeProfessional Services45$3MUnited States2024-11-15
SubscribeSubscribeCommunications47$6MUnited Kingdom2024-11-13
SubscribeSubscribeBanking and Financial Services130$48MUnited Kingdom2024-11-12
SubscribeSubscribeProfessional Services20$2MAustralia2024-11-12
SubscribeSubscribeConsumer Packaged Goods1335$167MSingapore2024-11-06
SubscribeSubscribeProfessional Services400$50MIndia2024-11-06
SubscribeSubscribeConsumer Packaged Goods50$5MUnited States2024-11-05
SubscribeSubscribeProfessional Services300$50MIndia2024-11-04
SubscribeSubscribeProfessional Services10$1MUnited States2024-10-30
SubscribeSubscribeProfessional Services21000$3.5BUnited States2024-10-29
SubscribeSubscribeBanking and Financial Services1300$600MUnited States2024-10-24
SubscribeSubscribeBanking and Financial Services19800$17.9BUnited States2024-10-22
SubscribeSubscribeBanking and Financial Services2000$320MUnited States2024-10-21
SubscribeSubscribeProfessional Services250$40MCroatia2024-10-16
SubscribeSubscribeProfessional Services40$4MNetherlands2024-10-08
SubscribeSubscribeProfessional Services15$2MSingapore2024-09-26
SubscribeSubscribeOil, Gas and Chemicals100$10MIndia2024-09-20
SubscribeSubscribeOil, Gas and Chemicals100$10MIndia2024-09-19
SubscribeSubscribeEducation200$30MRussia2024-09-19
SubscribeSubscribeProfessional Services5000$600MVietnam2024-09-16
SubscribeSubscribeEducation441$47MCanada2024-09-13
SubscribeSubscribeBanking and Financial Services89470$32.1BGermany2024-09-12
SubscribeSubscribeRetail26650$14.2BSweden2024-09-09
SubscribeSubscribeProfessional Services10$1MUnited States2024-09-09
SubscribeSubscribeProfessional Services100$30MUnited States2024-08-30
SubscribeSubscribeRetail1500$350MChina2024-08-30
SubscribeSubscribeProfessional Services7700$1.8BUnited Arab Emirates2024-08-26
SubscribeSubscribeBanking and Financial Services45300$47.4BUnited States2024-08-13
SubscribeSubscribeBanking and Financial Services89470$32.1BGermany2024-08-12
SubscribeSubscribeProfessional Services10$1MUnited States2024-08-10
SubscribeSubscribeUtilities70$7MUnited States2024-08-07
SubscribeSubscribeProfessional Services32000$12.3BUnited States2024-08-06
SubscribeSubscribeProfessional Services268655$63.2BJapan2024-08-02
SubscribeSubscribeProfessional Services1200$140MRomania2024-07-30
SubscribeSubscribeBanking and Financial Services45300$47.4BUnited States2024-07-25
SubscribeSubscribeProfessional Services150$20MNetherlands2024-07-25
SubscribeSubscribeBanking and Financial Services309926$158.1BUnited States2024-07-24
SubscribeSubscribeBanking and Financial Services10000$2.2BUnited States2024-07-23
SubscribeSubscribeProfessional Services600$130MUnited States2024-07-19
SubscribeSubscribeProfessional Services9000$1.0BNetherlands2024-07-17
SubscribeSubscribeBanking and Financial Services220$32MUnited States2024-07-17
SubscribeSubscribeManufacturing124800$54.2BUnited States2024-07-15
SubscribeSubscribeBanking and Financial Services220$32MUnited States2024-07-12
SubscribeSubscribeProfessional Services20$2MUnited Arab Emirates2024-07-10
SubscribeSubscribeTransportation306000$87.7BUnited States2024-07-09
SubscribeSubscribeProfessional Services200$60MGermany2024-07-09
SubscribeSubscribeProfessional Services1700$325MUnited States2024-07-04
SubscribeSubscribeProfessional Services60$7MNetherlands2024-07-02
SubscribeSubscribeDistribution400$70MUnited States2024-07-01
SubscribeSubscribeBanking and Financial Services18000$11.5BUnited States2024-06-25
SubscribeSubscribeMedia500$259MUnited States2024-06-24
SubscribeSubscribeBanking and Financial Services4600$2.0BFrance2024-06-23
SubscribeSubscribeProfessional Services1000$250MUnited States2024-06-20
SubscribeSubscribeProfessional Services38300$14.1BUnited States2024-06-19
SubscribeSubscribeProfessional Services28$3MUnited States2024-06-19
SubscribeSubscribeRetail4500$1.2BUnited Kingdom2024-06-19
SubscribeSubscribeProfessional Services150$10MBrazil2024-06-19
SubscribeSubscribeProfessional Services10$1MFrance2024-06-19
SubscribeSubscribeEducation24700$2.2BUnited States2024-06-18
SubscribeSubscribeProfessional Services1000$250MUnited States2024-06-18
SubscribeSubscribeProfessional Services1000$250MUnited States2024-06-17
SubscribeSubscribeConstruction and Real Estate180$20MSingapore2024-06-04
SubscribeSubscribeProfessional Services250$25MUnited States2024-05-28

Worldwide Enterprise Applications by Vertical Market

Exhibit 3 provides a forecast of the worldwide enterprise applications by vertical market from 2023 to 2028, highlighting market sizes, year-over-year growth, and compound annual growth rates across different industry sectors from Aerospace and Defense to Utilities.

Exhibit 3: Worldwide Enterprise Applications by Vertical Market Forecast 2023-2028 by Functional Market ($M)

Vertical Market, $M202120222023YoY Growth20282023-2028 CAGR, %
Aerospace & Defense Subscribe Subscribe Subscribe Subscribe Subscribe4.7
Automotive Subscribe Subscribe Subscribe Subscribe Subscribe3.2
Banking and Financial Services Subscribe Subscribe Subscribe Subscribe Subscribe3.4
Communications Subscribe Subscribe Subscribe Subscribe Subscribe3.8
Construction Subscribe Subscribe Subscribe Subscribe Subscribe4.7
Real Estate Subscribe Subscribe Subscribe Subscribe Subscribe3.3
Consumer Packaged Goods Subscribe Subscribe Subscribe Subscribe Subscribe4.5
Distribution Subscribe Subscribe Subscribe Subscribe Subscribe4.0
K-12 Subscribe Subscribe Subscribe Subscribe Subscribe4.1
Higher Education Subscribe Subscribe Subscribe Subscribe Subscribe3.9
Federal Government Subscribe Subscribe Subscribe Subscribe Subscribe4.3
State and Local Government Subscribe Subscribe Subscribe Subscribe Subscribe3.6
Public Safety Subscribe Subscribe Subscribe Subscribe Subscribe4.2
Healthcare Subscribe Subscribe Subscribe Subscribe Subscribe3.7
Life Insurance Subscribe Subscribe Subscribe Subscribe Subscribe4.1
P&C Insurance Subscribe Subscribe Subscribe Subscribe Subscribe4.5
Specialty Insurance Subscribe Subscribe Subscribe Subscribe Subscribe4.3
Leisure and Recreation Subscribe Subscribe Subscribe Subscribe Subscribe4.8
Hospitality and Lodging Subscribe Subscribe Subscribe Subscribe Subscribe5.0
Life Sciences Subscribe Subscribe Subscribe Subscribe Subscribe3.5
Manufacturing Subscribe Subscribe Subscribe Subscribe Subscribe3.9
Media Subscribe Subscribe Subscribe Subscribe Subscribe4.0
Faith-Based Nonprofit Subscribe Subscribe Subscribe Subscribe Subscribe3.6
Youth & Elderly Care Nonprofit Subscribe Subscribe Subscribe Subscribe Subscribe4.2
Special Cause Nonprofit Subscribe Subscribe Subscribe Subscribe Subscribe4.1
Oil and Gas Subscribe Subscribe Subscribe Subscribe Subscribe3.7
Professional Services Subscribe Subscribe Subscribe Subscribe Subscribe4.6
Retail Subscribe Subscribe Subscribe Subscribe Subscribe4.7
Transportation Subscribe Subscribe Subscribe Subscribe Subscribe4.5
Utility Subscribe Subscribe Subscribe Subscribe Subscribe3.8
Total Subscribe Subscribe Subscribe Subscribe Subscribe4.1

Source: Apps Run The World, June 2024

Exhibit 4 shows our projections for the enterprise applications market by vertical segment, based on the buying preferences and the customer propensity to invest in new software within those industries as they continue to upgrade and replace many legacy industry-specific applications that have been identified and tracked in our Buyer Insight Database.

Exhibit 4: Worldwide Enterprise Applications Market Forecast 2023-2028, By Vertical Market, $M
Exhibit 4: Worldwide Enterprise Applications Market Forecast 2023-2028, By Vertical Market, $M

Retail Software Purchases Win/Loss Analysis As Part Of Enterprise Applications Buyer Insight Customer Database

On the buyer side, customers are investing in Retail systems based on new features and capabilities that are expected to replace their existing legacy systems. In many cases, competitive upgrades and replacements that could have a profound impact on future market-share changes will become more widespread.

Since 2010, our global team of researchers has been studying the patterns of the latest Retail software purchases by customers around the world, aggregating massive amounts of data points that form the basis of our forecast assumptions and perhaps the rise and fall of certain vendors and their products on a quarterly basis.

Updated continuously, our database features extensive win/loss analysis. Each year our research team identifies tens of thousands of these Retail customer wins and losses from public and proprietary sources.

The research results are being incorporated into regular updates in our Enterprise Applications Buyer Insight Customer Database. You can access the Quarterly Win/Loss Analysis Scoreboard and our Enterprise Applications Buyer Insight Customer Database by becoming a subscriber.

CustomerIndustryEmpl.RevenueCountryVendorNew ProductFunctionMarket
1-800-Flowers.comRetail4000$1.12BUnited StatesIBMIBM CommerceeCommerceeCommerce
A.F. Blakemore & Son LimitedRetail8100$1.71BUnited KingdomVismaVisma Retail SuiteEnterprise Resource PlanningERP
AdidasRetail60000$19.00BGermanyServiceNowServiceNow IT Service ManagementIT Service ManagementITSM
AmeriPrideRetail6000$600.0MUnited StatesUltimate SoftwareUltiProHuman Capital ManagementHCM
Ann SummersRetail1332$133.0MUnited KingdomMicrosoftMicrosoft Dynamics 365 for Finance and OperationsEnterprise Resource PlanningERP
Aqualisa Products LimitedRetail300$40.0MUnited KingdomUNIT4Unit4 PreveroEnterprise Performance ManagementEPM
Ashley Furniture IndustriesRetail23000$4.00BUnited StatesSalesforceSalesforce Commerce CloudeCommerceeCommerce
Ashley Furniture IndustriesRetail23000$4.00BUnited StatesSalesforceSalesforce Service CloudCustomer Service SoftwareCRM
AssuranceRetail2200$200.0MUnited StatesServiceNowServiceNow IT Service ManagementIT Service ManagementITSM
Aston MartinRetail1850$1.15BUnited KingdomMicrosoftMicrosoft Power BIBusiness IntelligenceAnalytics and BI
Aston MartinRetail1850$1.15BUnited KingdomMicrosoftMicrosoft Project OnlineProject Portfolio ManagementPPM
Aston MartinRetail1850$1.15BUnited KingdomMicrosoftMicrosoft Office 365Content ManagementContent Management
Ballance Agri-NutrientsRetail728$547.0MNew ZealandSAPSAP Marketing CloudMarketing AutomationCRM
Ballance Agri-NutrientsRetail728$547.0MNew ZealandSAPSAP Commerce CloudeCommerce & Omni-Channel Commerce SolutioneCommerce
Ballance Agri-NutrientsRetail728$547.0MNew ZealandSAPSAP S/4 HANAEnterprise Resource PlanningERP
Ballance Agri-NutrientsRetail728$547.0MNew ZealandSAPSAP Business Suite on HANAEnterprise Resource PlanningERP
Bloomin’ BrandsRetail100000$4.34BUnited StatesHost AnalyticsHost Analytics Cloud EPM SuiteEnterprise Performance ManagementEPM
Brooks BrothersRetail5500$900.0MUnited StatesSAPSAP SuccessFactors Employee CentralHuman Capital ManagementHCM
BrookstoneRetail2000$500.0MUnited StatesKronosKronos Workforce DimensionsWorkforce ManagementHCM
BrookstoneRetail2000$500.0MUnited StatesSPS CommerceSPS Commerce SourcingSupply Chain ManagementSCM
Canon EuropeRetail19000$9.13BUnited KingdomOracleOracle DemantraDemand Management and Supply Chain ManagementSCM
Charoen Pokphand Foods PCLRetail23337$16.0MThailandJDA Software GroupJDA Enterprise Supply PlanningEnterprise Supply Chain ManagementSCM
Circle K EuropeRetail90000$40.00BNorwayAnaplanAnaplanPlanning and Performance Management PlatformEPM
Clas OhlsonRetail5000$8.21BSwedenPTCPTC FlexPLMProduct Lifecycle ManagementPLM & Engineering
Del MonteRetail5600$1.60BSingaporeAnaplanAnaplanPlanning and Performance Management PlatformEPM
doTERRARetail2300$1.50BUnited StatesSAPSAP Commerce CloudeCommerce & Omni-Channel Commerce SolutioneCommerce
doTERRARetail2300$1.50BUnited StatesSAPSAP S/4 HANAEnterprise Resource PlanningERP
doTERRARetail2300$1.50BUnited StatesSAPSAP Product Content ManagementWeb Experience Content ManagementContent Management
doTERRARetail2300$1.50BUnited StatesSAPSAP Service CloudCustomer Service and SupportCRM
doTERRARetail2300$1.50BUnited StatesSAPSAP Marketing CloudMarketing AutomationCRM
Eastman Kodak CompanyRetail5800$1.53BUnited StatesKyribaKyribaTreasury and Risk ManagementTRM
Equatorial Coca-Cola Bottling CompanyRetail6000$686.0MSpainEpicorEpicor ERPEnterprise Resource PlanningERP
Ermes GroupRetail1951$156.0MCyprusIBMIBM Watson CommerceeCommerceeCommerce
Foodstuffs North IslandRetail22000$5.02BNew ZealandJDA Software GroupJDA Transportation ManagerSupply Chain ManagementSCM
GymsharkRetail1300$130.0MUnited KingdomShopifyShopify PluseCommerce PlatformeCommerce
Kesko OyjRetail23173$10.68BFinlandSAPSAP SuccessFactors Employee CentralHuman Capital ManagementHCM
Laura AshleyRetail1000$257.0MUnited KingdomIBMIBM Cognos ControllerEnterprise Performance ManagementEPM
Maverik, Inc.Retail5000$400.0MUnited StatesOracleOracle Primavera UnifierProject Portfolio ManagementPPM
McCarthy Building Companies, IncRetail2500$200.0MUnited StatesOraclePrimavera P6 Enterprise Project Portfolio ManagementProject Portfolio ManagementPPM
MINISO Co. Ltd.Retail10000$1.80BJapanSAPSAP SuccessFactors Employee CentralHuman Capital ManagementHCM
MINISO Co. Ltd.Retail10000$1.80BJapanSAPSAP Cloud for CustomerCustomer Relationship ManagementCRM
MINISO Co. Ltd.Retail10000$1.80BJapanSAPSAP S/4 HANAEnterprise Resource PlanningERP
Nebraska Furniture MartRetail5006$1.21BUnited StatesWorkForce SoftwareEmpCenterWorkforce ManagementHCM
Office DepotRetail24067$14.50BUnited StatesOracleOracle SCM CloudSupply Chain ManagementSCM
Office DepotRetail24067$14.50BUnited StatesOracleOracle EPM CloudEnterprise Performance ManagementEPM
Office DepotRetail24067$14.50BUnited StatesOracleOracle HCM CloudHuman Capital ManagementHCM
PentiRetail3000$600.0MTurkeySAPSAP S/4 HANAEnterprise Resource PlanningERP
Pet Supplies PlusRetail1100$3.00BUnited StatesSPS CommerceSPS Commerce Fulfillment (EDI)Electronic Data InterchangeSCM
PimkieRetail5500$1.20BFranceKyribaKyribaTreasury and Risk ManagementTRM
QuestMarkRetail3500$1.00BUnited StatesAdobe SystemsMagento CommerceeCommerceeCommerce
Roche BrosRetail4600$389.0MUnited StatesKronosKronos Workforce CentralHuman Capital Management, Workforce ManagementHCM
Rosenbauer GroupRetail3100$870.0MAustriaInforInfor Business Intelligence 10xBusiness IntelligenceAnalytics and BI
Rosenbauer GroupRetail3100$870.0MAustriaInforInfor LNEnterprise Resource PlanningERP
Rubio’s Coastal GrillRetail4200$1.00BUnited StatesCeridianDayforce HCMHuman Capital ManagementHCM
Southeastern GrocersRetail66000$10.50BUnited StatesiCIMSiCIMS Recruit Applicant Tracking SystemApplicant Tracking SystemHCM
SplunkRetail3200$1.27BUnited StatesSAPSAP Sales Cloud (ex CallidusCloud)Sales Performance ManagementSPM
Staples SolutionsRetail61500$20.22BUnited StatesPTCPTC FlexPLMProduct Lifecycle ManagementPLM & Engineering
Team SportiaRetail900$180.0MSwedenSAPSAP Commerce CloudeCommerce & Omni-Channel Commerce SolutioneCommerce
The Shilla Duty Free ShopRetail800$2.50BSouth KoreaSAPSAP Commerce CloudeCommerce & Omni-Channel Commerce SolutioneCommerce
Vaillant GroupRetail13000$2.76BGermanySAPSAP S/4 HANAEnterprise Resource PlanningERP
Vaillant GroupRetail13000$2.76BGermanyWolters KluwerCCH TagetikEnterprise Performance ManagementEPM
Vineyard VinesRetail2800$300.0MUnited StatesPitney BowesComplete Cross-BordereCommerceeCommerce
VivobarefootRetail70$10.0MUnited KingdomOracleNetSuite CommerceeCommerceeCommerce
Warren Equipment CompanyRetail1700$500.0MUnited StatesUltimate SoftwareUltiProHuman Capital ManagementHCM
Watami CoRetail2825$843.0MJapanInforInfor CloudSuite Food & BeverageEnterprise Resource PlanningERP

Source: Apps Run The World, June 2024

More Enterprise Applications Research Findings

Based on the latest annual survey of 3,000+ enterprise software vendors, Apps Run The World is releasing a number of dedicated reports, which profile the world’s 500 largest Enterprise Applications Vendors (Apps Top 500) ranked by their 2019-2023 product revenues.

Their 2023 results are being broken down, sorted and ranked across 16 functional areas (from Analytics to Treasury and Risk Management) and by 21 vertical industries(from Aerospace to Utility), as shown in our Taxonomy. Further breakdowns by subvertical, country, company size, etc. are available as custom data cuts per special request.

Research Methodology

Each year our global team of researchers conduct an annual survey of thousands of enterprise software vendors by contacting them directly on their latest quarterly and annual revenues by country, functional area, and vertical market. We supplement their written responses with our own primary research to determine quarterly and yearly growth rates, In addition to customer wins to ascertain whether these are net new purchases or expansions of existing implementations.

Another dimension of our proactive research process is through continuous improvement of our customer database, which stores more than one million records on the enterprise software landscape of over 100,000 organizations around the world.

The database provides customer insight and contextual information on what types of enterprise software systems and other relevant technologies are they running and their propensity to invest further with their current or new suppliers as part of their overall IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

The result is a combination of supply-side data and demand-generation customer insight that allows our clients to better position themselves in anticipation of the next wave that will reshape the enterprise software marketplace for years to come.