ServiceNow Store Apps Market to Reach $94.9 Bn, Globally, by 2031 at 32.5% CAGR: Allied Market Research
Sunday, April 16, 2023
Increased adoption of cloud computing & new age technologies and the rise in digitalization drive the growth of the global ServiceNow store apps market.
PORTLAND, Ore., April 3, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "ServiceNow Store Apps Market by Type (Cloud-Based, Web-Based), by Enterprises Size (Large Enterprises, Small and Medium Enterprises (SMEs)): Global Opportunity Analysis and Industry Forecast, 2021-2031." According to the report, the global ServiceNow store apps industry was estimated at $5.9 billion in 2021 and is estimated to reach $94.9 billion by 2031, exhibiting a CAGR of 32.5% from 2022 to 2031.
https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg
Drivers, restraints, and opportunities
Increased adoption of cloud computing & new age technologies and the rise in digitalization drive the growth of the global ServiceNow store apps market. On the other hand, expensive licensing cost restrains the market growth to some extent. However, the surge in investment in ServiceNow stores is anticipated to provide lucrative opportunities for the expansion of the market during the forecast period.
Request Sample Report: https://www.alliedmarketresearch.com/request-sample/54064
Covid-19 scenario
-- Governments worldwide implemented lockdowns to curb the spread of the
virus. This led businesses and organizations to adopt ServiceNow store
apps to assist clients in identifying vulnerabilities during this
crisis.
-- Additionally, the increased use of AI and ML requires a platform capable
of efficiently running complex algorithms, further driving the demand
for ServiceNow store apps.
Procure Complete Report (235 Pages PDF with Insights, Charts, Tables, and Figures) at:
https://www.alliedmarketresearch.com/servicenow-store-apps-market/purchase-options
The cloud-based segment garnered the major share in 2021
By type, the cloud-based segment held the major share in 2021, accounting for more than two-thirds of the global ServiceNow store apps market revenue and is projected to lead the trail by 2031. This is due to the platform's single data model and common services which enable developers in IT and other enterprise departments to build, test, and deploy applications in an integrated development environment. The web-based segment, on the other hand, would showcase the fastest CAGR of 34.8% during the forecast period.
The large enterprises segment to maintain the dominant share
By enterprises size, the large enterprises segment contributed to the highest share in 2021, holding more than two-thirds of the global ServiceNow store apps market revenue. This is because this segment possesses greater market shares, technical know-how, and successful business plans. The SMEs segment, however, would showcase the fastest CAGR of 34.8% from 2022 to 2031.
North America held the highest share
By region, Asia-Pacific garnered the major share in 2021, generating nearly two-fifths of the global ServiceNow store apps market revenue, and is projected to rule the roost by 2031. The same region would also portray the fastest CAGR of 35.5% throughout the forecast period. This is owing to the growing adoption of ServiceNow store apps by businesses to build and develop enterprise service catalogs and evolve the IT service model.
Enquiry Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/54064
Frontrunners in the industry
-- xMatters, Inc.
-- Talkdesk, Inc.
-- Microsoft Corporation
-- teamviewer
-- International Business Machines Corporation
-- Dynatrace LLC
-- Cisco Systems Inc.
-- Okta, Inc.
-- PagerDuty
-- SAILPOINT TECHNOLOGIES INC.
The report analyzes these key players in the global ServiceNow store apps market. The report is helpful in determining the business performance, operating segments, developments, and product portfolios of the players.
Trending Reports in ICT & Media Industry:
Self-healing Networks Market Share is Expected to Reach $13.9 Billion by 2031
AdTech Market Size is Expected to Reach $2854.3 Billion by 2031
Gesture Recognition Market Size is Expected to Reach $88.2 Billion by 2031
ServiceNow Store Apps Market Size is Expected to Reach $94.9 Billion by 2031
Cyber Security In Energy Market Size is Expected to Reach $21.8 Billion by 2031
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/information-and-communication-technology-and-media
Follow Us on Blog: https://www.technologyplz.com/
Logo: https://mma.prnewswire.com/media/636519/3950895/Allied_Market_Research_Logo.jpg
View original content:https://www.prnewswire.com/news-releases/servicenow-store-apps-market-to-reach-94-9-bn-globally-by-2031-at-32-5-cagr-allied-market-research-301788441.html
SOURCE Allied Market Research
|
|
|
|
|
 |
Weekly Recap: 11 Tech Press Releases You Need to See | Jan 22, 2026
|
|
Sup AI Sets New Benchmark Record with 52.15% on Humanity's Last Exam | Jan 22, 2026
|
|
DEADLINE ANNOUNCED FOR 2026 NEW TOP-LEVEL DOMAIN APPLICATIONS | Jan 22, 2026
|
|
Skunk Works® and XTEND Expand Joint All Domain Command and Control for Advanced Mission Execution | Jan 22, 2026
|
|
Trigent Partners with WeWork India to Expand its GCC Footprint | Jan 22, 2026
|
|
Exia Labs Brings Keystone to the U.S. Navy via DIU's Blue Object Management Challenge | Jan 22, 2026
|
|
Altair HyperWorks 2026 Delivers Design and Simulation at Scale with AI | Jan 22, 2026
|
|
Glasswall Brings Defense-Level File Sanitization to Every Government Agency and Business Using Microsoft 365 | Jan 22, 2026
|
|
Genpact Named a Leader in ISG Provider Lens(TM) 2025 for Insurance GCCs and Agentic AI Services | Jan 22, 2026
|
|
The Roadmap to Securing Your Own Digital Domain is Now Available | Jan 22, 2026
|
|
|
