Global Application Lifecycle Management (ALM) Market: Overview

According to a new market report pertaining to the global application lifecycle management (ALM) market published by Transparency Market Research the global application lifecycle management (ALM) market was valued at US$ 2,887.4 Mn in 2019 and is projected to reach US$ 5,701.9 Mn by 2027, at a CAGR of 8.9% during the forecast period from 2019 to 2027. Growing need for agility, scalability, and flexibility among business organizations in order to instantly respond to fluctuating customer requirements or emerging business needs is driving the growth of the global application lifecycle management market.

Request a sample to get extensive insights into the Application Lifecycle Management (ALM) Market

Application lifecycle management (ALM) delivers governance, development, and maintenance for application software. Requirements management; design; build; testing; and change, integration, project, and release management are major elements of ALM. The modern software development process is complex. The traditional software development lifecycle (SDLC) applies only to the development process, while ALM works for the entire application lifecycle, from planning to deployment. ALM software solutions enable software development teams to manage their project status from requirements to delivering releases and also help organizations fulfill their business goals. ALM software solutions are now adopted in many industries, including automotive, healthcare, and even BFSI.

To understand how our report can bring difference to your business strategy, Ask for a brochure

The rapid uptake of mobile devices and the growth in the number of browsers/platforms globally has generated the creation of a large number of mobile applications that require an efficient application development lifecycle. The growing number of mobile devices would also lead to multiplatform complexity, which in turn increases the demand for ALM solutions. The need for greater efficiency across teams and increased engineering productivity are also factors that drive the market for ALM globally. Challenges such as lack of visibility in requirement management, poor communication, and lack of traceability between requirements and other artifacts through the software development lifecycle fuels the growth of the ALM market. Engineering, development, and quality assurance teams are more productive and deliver quick output with ALM software, increasing efficiency across software development teams as well as accurate allocation of human and technology resources. The aging of systems development life cycle (SDLC) infrastructure also drives the market for ALM worldwide across various sectors, as SDLC has a rigid design and inflexible procedures for partitioning the project into stages, which creates difficulties in estimating the time and budget for each stage of the project.

Application Lifecycle Management (ALM) Market: Market Taxonomy

On the basis of components, the ALM market is categorized into software and services. The software segment consists of on-premise and cloud-based deployment types, which are further segmented into agile-centric ALM and process-centric ALM solutions for each type.

Based on enterprise size, the ALM market is segmented into small & medium enterprises and large enterprises. Small enterprises hold largest share in the ALM market and are expected to expand at a CAGR of 9.2% during the forecast period. On the basis of end-users, the ALM market is segmented into automotive and transportation, aerospace and defense, BFSI, energy and utilities, retail, healthcare, IT and telecom, and others segments. Rapid industrialization and technological advancements have increased the demand for ALMs in IT and telecom and automotive and transportation sectors. Furthermore, the growing prevalence of health issues has led to emergence of various advanced technologies in the healthcare sector, further leading to a significant pace of growth for the healthcare segment of the ALM market.

Stuck in a neck-to-neck competition with other brands? Request a custom report on Application Lifecycle Management (ALM) Market

Application Lifecycle Management (ALM) Market: Regional Outlook

North America is expected to dominate the application lifecycle management (ALM) market during the forecast period. Asia Pacific and Europe are expected to see increasing growth in the application lifecycle management (ALM) market. The application lifecycle management (ALM) market in Middle East & Africa and South America is also expected to expand rapidly during the forecast period.

The report provides in-depth segment analysis of the global application lifecycle management (ALM) market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the application lifecycle management (ALM) market.

North America and Europe are the major geographies that drive the growth of the global application lifecycle management (ALM) market. In 2019, key application lifecycle management (ALM) vendors included

  • Atlassian Corporation Plc
  • CollabNet, Inc.
  • The International Business Machines Corporation
  • Inflectra Corporation
  • Micro Focus International plc
  • HP Development Company, L.P.
  • Microsoft Corporation
  • Parasoft Corporation
  • Polarion Software GmbH
  • SAP SE
  • Digite, Inc.

Application Lifecycle Management (ALM) Market - Scope of the Report 

A latest study collated and published by Transparency Market Research (TMR) analyzes the historical and present-day scenario of the global application lifecycle management (ALM) market, to accurately gauge its potential future development. The study presents detailed information about the important growth factors, restraints, and key trends that are creating the landscape for the future growth of the application lifecycle management (ALM) market, to identify the opportunistic avenues of the business potential for stakeholders. The report also provides insightful information about how the application lifecycle management (ALM) market will progress during the forecast period 2019-2027. 

The report offers intricate dynamics about the different aspects of the application lifecycle management (ALM) market that aids companies operating in the market in making strategic development decisions. TMR’s study also elaborates on the significant changes that are highly anticipated to configure the growth of the application lifecycle management (ALM) market during the forecast period. It also includes a key indicator assessment to highlight the growth prospects of the application lifecycle management (ALM) market, and estimate statistics related to the market progress in terms of value (US$ Mn).
The study covers a detailed segmentation of the application lifecycle management (ALM) market, along with key information and a competitive outlook. The report mentions the company profiles of key players that are currently dominating the application lifecycle management (ALM) market, wherein various developments, expansion, and winning strategies practiced and executed by leading players have been presented in detail. 

Key Questions Answered in TMR’s Report on the Application Lifecycle Management (ALM) Market

The report provides detailed information about the application lifecycle management (ALM) market on the basis of comprehensive research on various factors that play a key role in accelerating the growth potential of the market. Information mentioned in the report answers path-breaking questions for companies that are currently functioning in the market and are looking for innovative ways to create a unique benchmark in the application lifecycle management (ALM) industry, so as to help them make successful strategies and take target-driven decisions.

  • How are key market players successfully earning revenue out of the advantages of application lifecycle management (ALM)?
  • What will be the Y-o-Y growth of the application lifecycle management (ALM) market between 2019 and 2027?
  • What are the winning imperatives of market frontrunners in the application lifecycle management (ALM) market?
  • Which software deployment is expected to generate maximum revenue in application lifecycle management (ALM) during the forecast period?

Research Methodology – Application Lifecycle Management (ALM) Market

The research methodology adopted by analysts for combining the application lifecycle management (ALM) market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the industry-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts of the application lifecycle management (ALM) market.

During the primary research phase, analysts interviewed industry stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. On the basis of data obtained through the interviews of genuine resources, analysts have emphasized the changing scenario of the application lifecycle management (ALM) market.

For secondary research, analysts scrutinized numerous annual report publications, white papers, industry association publications, and company websites to obtain the necessary understanding of the application lifecycle management (ALM) market.

Application Lifecycle Management (ALM) Market – Segmentation

TMR’s research study assesses the application lifecycle management (ALM) market on the basis of component, enterprise size, and end-user. The ALM market based on component includes software and services. The software component is sub-segmented into on-premise and cloud-based ALM solutions, which are further sub-divided into agile-centric ALM and process-centric ALM. The ALM services are segmented into consulting, professional, operation, and maintenance. Based on enterprise size, the ALM market comprises small & medium enterprises, and large enterprises. The ALM end-user segment comprises automotive and transportation, manufacturing, aerospace and defense, BFSI, energy and utilities, retail & e-commerce, healthcare, IT and telecom, and others (education, government, and logistics)

Component

  • Software
    • On-Premise
      • Agile Centric ALM
      • Process Centric
  • Cloud-Based
    • Agile Centric ALM
    • Process Centric
  • Services
    • Consulting
    • Design & Integration
    • Maintenance & Migration

Enterprise Size

  • Small & Medium Enterprises
  • Large Enterprises

End-user

  • Automotive and Transportation
  • Manufacturing
  • Aerospace and Defense
  • BFSI
  • Energy and Utilities
  • Retail & E-commerce
  • Healthcare
  • IT and Telecom
  • Others (Education, Government, and Logistics)

Region

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • United Arab Emirates (U.A.E.)
    • South Africa
    • Saudi Arabia
    • Rest of Middle East & Africa
  • South America
    • Brazil
    • Rest of South America

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Application Lifecycle Management Market

Buy Now