What: Coresight Research released an updated list of the most important and influential public retail technology companies that people in the business should pay attention to.

Why it is important: The report focuses on the most important companies to watch in terms of e-commerce, enterprise software, and infrastructure with early leaders in the metaverse including Meta, Nvidia, and Qualcomm. Since the Coresight Tech 20 was established in February 2022, it has outperformed the Nasdaq and S&P 500 Indexes.

Tech 20 Sector Distribution:

1)    E-commerce

•    Adobe: digital content company that acquired e-commerce platform Magento in June 2018.

•    Alphabet: is the parent company for the Google businesses, including Google Services (which encompasses its search engine, Android smartphone operating system, the YouTube content platform, hardware products and associated advertising businesses), Google Cloud and its emerging Other Bets businesses.

•    Block (formerly Square, Inc.) aims to increase economic empowerment through several ecosystems, including Afterpay, Cash App, Square, TIDAL and others.

•    Meta Platforms (formerly Facebook) offers social media apps Facebook, Instagram, Messenger and WhatsApp and augmented reality and VR software such as the Oculus headset and the Horizon Worlds VR environment.

•    Shopify offers Internet infrastructure for commerce, offering tools to start, grow, market and manage a retail business.

2)    Enterprise software

•    IBM offers software (hybrid cloud and AI), consulting, infrastructure (hardware and software) and financing.

•    Manhattan Associates develops, maintains and sells software that helps retailers, wholesalers, manufacturers, logistic providers and other companies manage their supply chains, inventory and omnichannel operations.

•    Microsoft provides hardware and software, including Office, LinkedIn, Dynamics, the Azure computing platform, the Windows PC operating system, Surface tablets, PC accessories, the Xbox gaming console, and search and advertising on the Bing search engine.

•    Oracle provides products and services to enterprise information technology environments all over the world, including cloud services and applications, database hardware and services and hardware, the Java programming language and networking hardware.

•    Salesforce is a leader in customer relationship management (CRM) software, having defined the industry. Major components of the platform include Sales, Service, Marketing, Commerce and Experience, in addition to Tableau, MuleSoft and Slack.

•    SAP is a global leader in software for managing business, and its product portfolio includes solutions for ERP (enterprise resource planning) and finance, CRM and customer experience, HR and people management, experience management, business technology platforms and digital transformation.

3)    Infrastructure

•    Avery Dennison produces pressure-sensitive materials in the form of tags, labels and other products, including RFID tags and inlays, plus equipment and solutions.

•    Cisco Systems offers a broad range of technologies that power the Internet, including platforms for networking, security, collaboration, applications and cloud products.

•    HP (formerly known as the Hewlett-Packard Company) is a leading provider of personal computing and other access devices, imaging and printing products, and related technologies, solutions and services.

•    Intel microprocessors power most of the world’s PCs. The company also designs and manufactures chips and solutions for autonomous driving, 5G networks, client connectivity, cloud computing, the Internet of Things, client computing and AI/analytics.

•    Johnson Controls is the parent company of Sensormatic Solutions, which offers analytics, inventory intelligence, loss prevention and traffic insights through its ShopperTrak products.

•    Nvidia is a leading supplier of chips for computer graphics, AI (artificial intelligence), data centers, in addition to graphics cards for gaming and other graphics applications. The company also offers its Omniverse platform for 3D design collaboration and simulation for applications including the metaverse and creating digital twins.

•    Qualcomm is a leading supplier of chips for wireless communications, such as 5G, and its processors are used in a wide variety of devices including smartphones, VR (virtual reality) headsets, automobiles, and in a host of other applications.

•    Snowflake offers a cloud data platform that aims to support multiple data types, be massively scalable, offer optimal price performance and be easy to use. The platform is delivered as a service and supports multiple clouds in addition to providing a data marketplace.

•    Zebra Technologies offers products for asset intelligence and tracking and enterprise visibility and mobility, which includes mobile computing, data capture, RFID (radio-frequency identification) products, fixed industrial scanning and machine vision, services and workflow optimization solutions.

The New Tech 20: The Global Retail-Tech Leaders in 2022 and Beyond