Dissecting the Mobile Enterprise App Market

Dissecting the Mobile Enterprise App Market

There are over 275 million smartphone users in the U.S. as of today—a number expected to climb to 290 million by 2024. And with an estimated population of 331 million, that is an overwhelming majority slowly inching toward, well, everyone. 

Given it’s something portable, always on our person and sophisticated enough to handle just about everything, from staying in touch and hosting video conferences, to booking travel, monitoring finances and more, they’re the most vital tool to do business and manage our everyday lives. That’s precisely why apps are so popular for accessing information and establishing communication, and as we’ve highlighted before, why businesses and organizations can’t afford not to have one. 

And we’re not the only ones that think so. According to a recent industry report, the global mobile enterprise application market is poised to accelerate at a 15.2% CAGR through 2028. As apps have become a greater lifeline between brand and consumer, business and user, and organization and member, more and more companies have put a premium on creating their own.

But it’s not just the growth of smartphone users driving this trend, but also the technological advancements with which to create apps. Once a cumbersome and expensive process, app development has also evolved to offer organizations better and more cost-effective options—some of which we explored in a recent blog post breaking down no- and low-code native apps and progressive web apps. 

Quite simply, the mobile enterprise market is growing because it’s becoming both easier to create apps and more important to have them in today’s business environment. For businesses, apps can offer a better and faster way to connect a workforce, build a brand community, close transactions, disseminate corporate updates, educate users, share updated information in real-time and more. They simply can’t afford to ignore this trend, and all indicators are pointing to steady and explosive growth of the mobile enterprise market.

At CatalystXL, this is what we do—make it easier for organizations to create custom-branded apps that can keep up with the on-the-go pace of their employees or members. Using our no-code platform, we can deploy a personalized app that simplifies and socializes knowledge transfer—meaning information, big ideas and the people who have them are all at a user’s fingertips anytime, anywhere. 

Whether you run a fitness studio that needs to quickly adapt members to online classes, or are a business leader at an auto manufacturer that needs its sales personnel to educate themselves on-the-fly with the latest SKU’s, we can help make intuitive, on-the-go information exchange possible. And with our self-administration panel, authorized users can quickly scale and evolve the platform. 

We’re excited to see where and how far this industry will go. Interested in being a part of it? We’re happy to help.