20 Most Promising Retail Solution Providers - 2016

The Indian Retail sector has come of age and has gone through major transformation over the last decade with a notable shift towards organized retailing. Since 2000, an entire three-quarter of retail sales growth has occurred through online channels. That’s an eye-catching statistic, yet not quite the whole story.

Instead of sounding the death knell for bricks-and-mortar stores, the steady growth of online sales is breathing new life into the physical stores of some retailers. The present generations’ retail solution vendors understand that even as e-commerce thrives, it is becoming increasingly difficult to distinguish an online sale from an offline one. The brick and mortar retail is undergoing massive transformation in terms of representations and marketing so to say. From headsets and smart watches to fitness and health devices, wearable technology is being embraced by shoppers for ease of accessing product and store information, offers, and speed of payment. Up to four times faster than type-and-click, voice-enabled search signals a shift in how consumers find product and service information. At the same time, innovations in language recognition will give voice a bigger role in online commerce, retail search strategies, and shopper engagement. On the same course, Virtual reality immerses consumers in sensory and personalized experiences, empowering them to interact with products and services. With mobile devices capable of delivering rich VR experiences, shoppers can tour a store or try on a new fashion anywhere, at any time. With such intense amount of innovation already doing the rounds in the retail sector, one can only imagines what the future has in store. The question now sums up to where are the vendors who are engineering such solutions and technologies to meet such requirements of this dynamic industry?

Understanding this quadrant of the dilemma of search for the best of retail solution vendors, we at CIOReview present to you a list of 20 Most Promising Retail Solution Providers. Being closely scrutinized by a distinct panel of judges including CEOs, CIOs, CXO, analysts and CIOReview editorial board, we believe that these companies have the capability to impact the retail environment with every new style, product and season.

We present to you CIOTechOutlook 20 Most Promising Retail Solution Providers - 2016.