Enterprise App Store Market Growth by Deployment, Type, and Geography - Forecast and Analysis - 2022-2026

The enterprise app store market share is expected to increase by USD 10.89 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 33.15%.

This enterprise app store market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the enterprise app store market segmentation by deployment (cloud and on-premise), type (large enterprise and SME), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The enterprise app store market report also offers information on several market vendors, including Apideck BVBA, AppDirect Inc., Appland AB, Applivery S.L., Basaas GmbH, Bitfactory GmbH, CEDCOSS Technologies Pvt. Ltd., Digital.ai Software Inc., Engineering Ingegneria Informatica S.p.A., OB2J SAS, Relution GmbH, and Stripe Inc. among others.

What will the Enterprise App Store Market Size be During the Forecast Period?

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Enterprise App Store Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the enterprise app store market. In the COVID-19 pandemic, the demand for the enterprise app store market has been impacted significantly. But a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.

Key Enterprise App Store Market Driver

The growing need to enhance business efficiency is notably driving the enterprise app store market growth. The enterprise application software with business intelligence features enhances business productivity by using several predictive mechanisms and risk-averting models. It helps companies in creating new growth opportunities and entirely new categories of products and services with a reduction in errors and the failure rate. To implement these technologies in the industrial framework, there is a pressing need to establish a seamless connection for efficient communication among machines, systems, and people. Therefore, business intelligence and analytics are a strategic priority for several industrial organizations, thereby boosting the demand for enterprise application software for enhancing business efficiency. This, in turn, is anticipated to drive the growth of the global enterprise app store market during the forecast period.

Key Enterprise App Store Market Trend

The integration of Artificial Intelligence (AI) into enterprise application software is the primary trend driving the enterprise app store market growth. AI is a computer science that uses algorithms, pattern matching, rules, deep learning, and cognitive computing to approximate conclusions without direct human inputs. Using AI, researchers solve complex problems that are difficult or impossible to solve by humans. AI has been designed and programmed to think and act like a human. The use of AI is increasing due to its ability to improve productivity and provide accurate results within a short span of time. Integrating ERP with AI and machine learning can analyze and extract useful data insights from many data sets, which are useful in the decision-making process. AI-optimized CRM solutions provide enterprises with the ability to augment internal processes with quick automation, efficiently address customer service operations, and improve the level of personalization and responsiveness across all operational processes. Likewise, there is a growing integration of AI in other applications of enterprises, such as SCM, BPM, and BI, to enhance business productivity. Therefore, the increasing use of AI-enabled enterprise applications is expected to drive the growth of the global enterprise app store during the forecast period.

Key Enterprise App Store Market Challenge

The integration challenges related to unscalable applications are the major challenge impeding the enterprise app store market growth. Businesses utilize a variety of systems, including Customer Relationship Management (CRM), Business Management Platform (BMP), Enterprise Asset Management (EAM), and Supply Chain Management (SCM), making it challenging to integrate a new ERP with the existing platforms, which results in a lack of scalability. The major challenge is that this incompatibility often remains hidden during the development process and is visible only in the final phase. This results in increased costs, poor quality, and dissatisfaction among customers. For instance, SaaS CRM solutions that support sales management are required to be integrated with ERP applications, accounting applications, custom billing applications, and back-office applications. All these applications are integrated at the enterprise level, and failure to integrate these applications results in an increase in the number of manual processes. This leads to data synchronization issues that create multiple data repositories. Thus, complexity in integrating new technology or software is expected to act as one of the major challenges for the global enterprise app store market growth during the forecast period.

This enterprise app store market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global enterprise app store market as a part of the global application software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the enterprise app store market during the forecast period.

Who are the Major Enterprise App Store Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Apideck BVBA
• AppDirect Inc.
• Appland AB
• Applivery S.L.
• Basaas GmbH
• Bitfactory GmbH
• CEDCOSS Technologies Pvt. Ltd.
• Digital.ai Software Inc.
• Engineering Ingegneria Informatica S.p.A.
• OB2J SAS
• Relution GmbH
• Stripe Inc.

 

This statistical study of the enterprise app store market encompasses successful business strategies deployed by the key vendors. The enterprise app store market is fragmented, and the vendors are deploying growth strategies such as dominating the market in terms of quality, reliability, service offering, and technological innovations to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The enterprise app store market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Enterprise App Store Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the enterprise app store market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Enterprise App Store Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for enterprise app store market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The need to integrate existing enterprise app platforms with advanced technologies such as blockchain will facilitate the enterprise app store market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

In 2020 and 2021, owing to the outbreak of COVID-19, several end-user sectors, such as small and medium-sized enterprises (SMEs) and large enterprises, partially shut down their operations. This led to a downturn in the economy and hindered trade in North America, which decreased the use of the enterprise app store. Such measures hampered the growth of the regional enterprise app store market. However, various IT companies offered the work-from-home facility to their employees and gradually started opting for cloud-based enterprise application software to manage their remote workforce in H2 2020. However, in 2021, owing to the initiation of large-scale vaccination drives and various government initiatives, business operations resumed normally. The increased adoption of cloud-based enterprise application software is expected to drive regional market growth during the forecast period. 

What are the Revenue-generating Deployment Segments in the Enterprise App Store Market?

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The enterprise app store market share growth by the cloud segment will be significant during the forecast period. The adoption of the cloud model is expected to rise significantly during the forecast period, with an increase in the number of SMEs in developing countries such as India and China. SMEs tend to be price-sensitive and hence opt for cloud-based enterprise app stores. Innovations in data security are expected to drive the adoption of cloud solutions among major organizations during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the enterprise app store market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Enterprise App Store Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 33.15%
Market growth 2022-2026	$10.89 billion
Market structure	Fragmented
YoY growth (%)	17.95
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 36%
Key consumer countries	US, China, India, UK, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Apideck BVBA, AppDirect Inc., Appland AB, Applivery S.L., Basaas GmbH, Bitfactory GmbH, CEDCOSS Technologies Pvt. Ltd., Digital.ai Software Inc., Engineering Ingegneria Informatica S.p.A., OB2J SAS, Relution GmbH, and Stripe Inc.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Enterprise App Store Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive enterprise app store market growth during the next five years
• Precise estimation of the enterprise app store market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the enterprise app store industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of enterprise app store market vendors

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