Sun. Jun 13th, 2021

The global application lifecycle management (ALM) market is projected to have a significant CAGR of 6.0% during the forecast period. ALM referred to the entire management of application, utility, and software solution during its initial stage to its removal from an organization’s system. The market growth is attributed to the rising adoption of the agile development model in place of the waterfall development model for application management. As divergent to the traditional methodologies, the agile development model has been introduced as an effort to provide software engineering efficiently and flexible. The agile development includes and interactive method to the application and software development thus, widely adopted by the various IT companies that further contribute to the growth of the market.

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The global application lifecycle management market is classified on the basis of deployment type and end-user. Based on the deployment type, the market is further segmented into on-premises and cloud-based. The cloud-based segment is projected to grow at a significant growth during the forecast period. The market growth is attributed to the growing adoption of cloud-based services by the different enterprises to improve flexibility and scalability of their business performance, and to lower the cost. As for the enterprises, the flexibility and scalability, liability and data confidentiality are the significant complications, the demand for cloud based ALM solutions are growing for their businesses. The industry segment is classified into BFSI, retail industry, IT & Telecom, government and public sector, healthcare and others (energy and utility). IT & Telecom industry segment is estimated to grow considerably during the forecast period.

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Global ALM Market Segmentation

By Deployment Type

  • On-Premises
  • Cloud-Based

By Industry

  • BFSI
  • Retail Industry
  • IT & Telecom
  • Government and Public Sector
  • Healthcare
  • Others (Energy and Utility)

Regional Analysis

  • North America
  • United States
  • Canada
  • Europe
  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
  • Rest of the World

Company Profiles

  • Atlassian Pty. Ltd.
  • Birlasoft, Ltd.
  • Broadcom, Inc.
  • CollabNet, Inc.
  • Digité, Inc.
  • DLT Solutions
  • Dynatrace, LLC
  • IBM Corp.
  • Inflectra Corp.
  • Intland Software GmbH
  • Jama Software, Inc.
  • Kovair Software, Inc.
  • LearnQuest, Inc.
  • Micro Focus International plc
  • Microsoft Corp.
  • Perforce Software, Inc.
  • Rocket Software, Inc.
  • Siemens AG
  • Solugenix Corp.
  • TechExcel, Inc.

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By mukati