Enterprise App Store Market Size Expected to Grow by $10.89 Billion, Growing Need to Improve Enterprise Efficiency to Drive Market Growth

NEW YORK, October 20, 2022 /PRNewswire/ — The “Company App Store Market by deployment (cloud and on-premises), type (large enterprise and SMB) and geography (North America, EuropeACPA, South Americaand Middle East and Africa) – The “Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years.

The difference in potential growth for the enterprise application store market size between 2021 and 2026 is $10.89 billion. To get the exact annual growth variance and annual growth rate, request a FREE sample PDF report

Key market dynamics

• Market engine: The growing need to improve business efficiency is driving the growth of the enterprise application store market. Enterprise application software improves business productivity using predictive mechanisms and risk prevention models. It helps companies create new growth opportunities. Moreover, it helps to establish a seamless connection to implement these technologies. Hence, several organizations are prioritizing business intelligence and analytics, which increases the demand for enterprise application software to improve business efficiency. This, in turn, is expected to fuel the growth of the global enterprise application store market over the forecast period.

• Market Challenge: The integration challenges with non-scalable applications are hampering the growth of the enterprise application store market. Companies use a variety of systems, including customer relationship management (CRM), business management platform (BMP), enterprise asset management (EAM), and supply chain management ( SCM). Integrating a new ERP with existing platforms is a challenge, which leads to a lack of scalability. However, incompatibility leads to high costs, poor quality and customer dissatisfaction. The lack of integration of these applications can increase the number of manual processes, which leads to data synchronization problems. Thus, the complexity of integrating new technologies or new software is expected to challenge the growth of the global enterprise application store market during the forecast period.

To learn more about the additional key factors, trends and challenges available with Technavio, Check out our FREE sample report now!

Regional analysis

North America will be the leading region with 36% of the market growth during the forecast period. The United States is the key country for the enterprise app store market in the region. Moreover, the market growth in this region will be faster than the market growth in other regions. Companies in North America are early adopters of enterprise applications. However, future investments by companies in the enterprise application store market in this region will be driven by the need to integrate existing enterprise application platforms with advanced technologies such as blockchain, l AI and Internet of Things (IoT) enabled applications and data analytics.

Discover additional insights on the contribution of all segments and regional opportunities in the Enterprise Application Store report. Buy now to access detailed segment information

Some companies mentioned

Get lifetime access to our Technavio Insights! Subscribe to our “Basic Plan” billed annually on $5000

Related Reports

Enterprise Performance Management Market by End User and Geography – Forecast and Analysis 2022-2026: This report covers in detail market segmentation by end user (BFSI, Telecom & IT, Manufacturing, Healthcare and Others) and Geography (North America, EuropeACPA, South Americaand the Middle East and Africa). 45% of market growth will come from North America during the forecast period. The growth in the market share of the BFSI segment will be significant.

Enterprise Resource Planning Software Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025: This report covers in detail market segmentation by Type (Cloud-Based and On-Premise) and Geography (North America, EuropeACPA, South America, and MEA). 34% of market growth will come from North America during the forecast period. The market share growth of the cloud-based segment will be significant.

Browse Information Technology Market Reports

Main topics covered

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Deployment

6 Market Segmentation by Type

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Manager
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia: https://www.prnewswire.com/news-releases/enterprise-app-store-market-size-to-grow-by-usd-10-89-bn-growing-need -to -improve-business-efficiency-to-drive-market-growth—technavio-301654458.html

SOURCETechnavio