Top 10 Best Retail Tech Companies to Watch in 2022

Editors' Note

Today, digital technology is the way to go and has become one of the foundational elements for all industries globally, whether manufacturing, healthcare, education, or even retail! Companies heavily rely on technology to streamline and strategically strengthen the industry ecosystem. The rise of eCommerce and omnichannel distribution has paved the way for hyper-personalization and flexible supply chain management. Pandemic accelerated most of the innovations in the retail industry today, and it is here to stay.

A robust technological foundation has allowed founders and companies to boost performance and scale their services by working on radical transformation. From inventory management to in-store facilities, retail technology has smoothened the edges of reaching consumers directly. In 2020, nearly 40.2 billion US dollars went into retail tech deals across sectors. This propelled the market to move into the digital domain and transform its service offerings.

Today, several online companies and brick-and-mortar stores are investing in retail technology. The global retail digital transformation market was valued at nearly $143 billion in 2020 and is expected to reach $389 billion by 2026. Smart retail is a hybridization of traditional shopping methodology combined with smart technology. With self-checkout kiosks, online trials, virtual fitting experiences, and hyper-personalized shopping experiences, consumers can have a faster and smarter experience. The global smart retail technology market will grow to $69 billion by 2026, at an average CAGR of nearly 25% from $23 billion in 2021. There is a huge market for retail technology, and as consumer preferences expand, the need to implement better ways to make a consumer experience count is imperative.

Mobile POS payments, digital payments, digital commerce, AR shopping, and social commerce are set to increase drastically. The surge in online shopping due to COVID has resulted in nearly 50% and more shoppers purchasing at least one item online. This has paved the way for retail tech companies to create innovative solutions to cater to the growing demand by the consumer globally.

The world is adapting to digitization and technological innovations. With rapidly changing times, it is important to pay close attention to the trends that dominate today's retail industry. Through this edition, we aim to educate and present the retail tech industry's changes and how they will impact consumers positively. We hope you enjoy reading it as much as we enjoyed piecing everything together for you.

Happy Reading!

AI Retailer Systems

Alejandro García - CEO

Our Mission is to empower European retailers to deliver the 24/7 in-store shopping experience that becomes the reason for shoppers to come back. We believe shoppers want and care about a shopping experience that is convenient in their own individual way, hygienic and privacy-respecting.


Brad Moran - Founder

CitrusAd is backed by 20 years of industry insight and experience. We know how consumers think. We know how retail brands operate. We take the time to listen, to get down into the weeds, ask questions and thrash-out problems.


Hatem Sellam - CEO

Cognira is the leading artificial intelligence solutions provider for retailers and wholesalers. Cognira is passionate about helping their customers unlock valuable, transformative business insights from their data. We know retail. We love data.


George Mulhern - CEO and Chairman

Cradlepoint is a Boise, Idaho-based technology company that develops cloud-managed wireless edge networking equipment. The company was founded in 2006. In September 2020, the company announced it was being acquired by Swedish telecommunications company Ericsson, and the purchase closed in November 2020.


Don Gray - CEO

Givex offers omnichannel POS, gift card, loyalty and stored value ticketing solutions which drive sales for our clients, help them better understand, reward and entice their customers and ultimately make better-informed business decisions.


Manish Kumar - Managing Director APAC at Scala

STRATACACHE delivers in-store retail experience transformation and exceptional customer journeys through a wide array of marketing technology. Our solutions enable retailers to learn deeply about their customers’ shopping preferences and behaviors, delivering targeted promotional or task-based messaging on any digital display.


Paul Salay - CEO

Syndigo is that Active Content Engine. We have built comprehensive, connected omnichannel capabilities across the entire content lifecycle to help master data and ultimately move products off the shelf. Any shelf!


Eliad Inbar - CEO

Tangiblee is an enterprise-ready, immersive shopping and augmented reality (AR) commerce platform. The world’s largest brands are working with Tangiblee to deliver highly interactive online experiences in days, not months or years.


Adam Goldenberg - CEO

TechStyleOS is the globally integrated Operations and Services provider behind some of the fastest-growing online fashion brands in history, including Fabletics, Savage X Fenty, JustFab, ShoeDazzle, and FabKids. With capabilities spanning technology, data science, supply chain management, fulfillment, customer service, and more, we help brands launch, scale and grow—across product categories and geographically.


Nithin - CEO

Touchcode is a technology company that empowers brands to give consumers exclusive, interactive experiences that maximize customer lifetime value through innovative connected packaging solutions.