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ServiceNow Store Apps Market Size

Report ID: FBI 2507

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Published Date: May-2024

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Format : PDF, Excel

Market Outlook:

ServiceNow Store Apps Market size exceeded USD 6.23 Billion in 2023 and is poised to cross USD 76.32 Billion by end of the year 2032, witnessing more than 32.1% CAGR between 2024 and 2032.

Base Year Value (2023)

USD 6.23 Billion

19-23 x.x %
24-32 x.x %

CAGR (2024-2032)

32.1%

19-23 x.x %
24-32 x.x %

Forecast Year Value (2032)

USD 76.32 Billion

19-23 x.x %
24-32 x.x %
ServiceNow Store Apps Market

Historical Data Period

2019-2023

ServiceNow Store Apps Market

Largest Region

North America

ServiceNow Store Apps Market

Forecast Period

2024-2032

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Market Dynamics:

Growth Drivers & Opportunity:

1. Increasing demand for automation and digitization in businesses, leading to a growing need for ServiceNow Store Apps.

2. Expansion of ServiceNow platform capabilities, creating new opportunities for developers to build and sell apps on the ServiceNow Store.

3. Rising adoption of cloud-based solutions and SaaS models, driving the demand for ServiceNow Store Apps as a part of digital transformation initiatives.

4. Growing awareness about the benefits of ServiceNow Store Apps in enhancing overall operational efficiency and productivity in organizations.

Industry

Report Scope

Report CoverageDetails
Segments CoveredProduct Application
Regions Covered• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company ProfiledMicrosoft, IBM, Cisco (AppDynamics), Okta, Inc, TeamViewer, PagerDuty, Dynatrace, LLC, SailPoint IdentityIQ, xMatters, and Talkdesk,

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1. Limited awareness and understanding of the value proposition of ServiceNow Store Apps among potential customers, leading to slower adoption rates.

2. Data security and privacy concerns surrounding the use of third-party apps from the ServiceNow Store, leading to hesitancy among some organizations to fully leverage the platform.

3. Intense competition among app developers and vendors on the ServiceNow Store, leading to pricing pressures and profitability challenges.

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ServiceNow Store Apps Market Size & Share, By Prod...

RD Code : 24