Application Lifecycle Management (ALM) Market Growing Steadily at a CAGR of 8.9% During Period (2015 – 2023)
The Application Lifecycle Management (ALM) Market Report provides accurate data and analyses including market size, forecasts, and market trends to help clients make better business decisions in the Application Lifecycle Management (ALM) market.
Albany, NY -- (SBWire) -- 06/19/2018 --The global ALM market generated revenues of US$ 2.04 Bn in 2014 and is projected to expand at a CAGR of 8.9% during the forecast period (2015 – 2023) to reach US$ 4.39 Bn by 2023.
This report on the global ALM market provides analysis for the period from 2013 to 2023, wherein 2014 is the base year and the years from 2015 to 2023 are the forecast period. Data for 2013 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the ALM market over the forecast period. It also highlights various drivers, restraints, and opportunities expected to influence the market's growth during this period. The study provides a holistic perspective on market growth throughout the above forecast period in terms of revenue estimates (in US$ Mn) across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LATAM).
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The emerging IT applications are changing the way business is done today. The integration of ALM is necessary in order to remove inefficiencies and blocks in the software development lifecycle process. ALM helps a company to develop the best virtual methods for every phase of the software application process, including research, requirements planning, prototyping, engineering, design, time to market, programming, testing, risk management, defect tracking, and measurement. Benefits such as business agility, enhanced organizational agility, and improved resource utilization provided by ALM have significantly increased the demand for this technology worldwide. North America dominates the overall market for ALM globally owing to surging technological advancements and automation in this region.
This research report provides in-depth analysis of the global ALM market on the basis of component and end-users. 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 is segmented into consulting, professional, operation, and maintenance. The ALM end-user segment comprises automotive and transportation, aerospace and defense, BFSI, energy and utilities, retail, healthcare, IT and telecom, and others.
In terms of geographical regions, the report segments the global ALM market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; the regions are analyzed in terms of revenue generation. The report provides cross-sectional analysis of the global ALM market in terms of market estimates and forecasts for all segments across different geographic regions.
The report also includes competitive profiling of major players engaged in the development of ALM. The major business strategies adopted by these players, their market positioning, and their recent developments have also been identified in the research report. This report also provides market positioning analysis of major players in the ALM market based on their 2014 revenues. Some of the major players profiled in the report include Atlassian Corporation Plc, CollabNet, Inc., IBM Corporation, Inflectra Corporation, Micro Focus International plc, HP Development Company, L.P., VersionOne, Inc., Microsoft Corporation, Parasoft Corporation, and Polarion Software GmbH
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The global ALM market is segmented as below:
Agile Centric ALM
Agile Centric ALM
Operation and Maintenance
Automotive and Transportation
Aerospace and Defense
Energy and Utilities
IT and Telecom
Rest of North America
Rest of Europe
Rest of APAC
Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
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