Application lifecycle management(ALM) is a process that is used to coordinate and manage different phases of software development. As a result, software can be designed, delivered, and deployed faster, reducing time to market. ALM solutions have been adopted by companies in various developed economies in North America with a view to maintaining their business agility and ... Read more
Application Lifecycle Management (ALM) Market in Brief
Transparency Market Research has released a new market report entitled " Application Lifecycle Management (ALM) Market [Component – Software (On-premises (Agile Centric ALM, Process Centric ALM), Cloud Based (Agile Centric ALM, Process Centric ALM)), Services (Consulting, Design & Integration, Maintenance & Migration); Enterprise Size – Small & Medium Enterprises and Large Enterprises; End- ... Read more
The Application Lifecycle Management (ALM) market size is expected to grow from USD 3.1 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period. This high growth is due to the increasing adoption of ALM tools to shorten the release time and time-to-market. The adoption of new methodologies, such as Agile and DevOps, has an impact on customer experience.
According to a market report by Lucintel, the future of the application lifecycle management (ALM) market looks promising with opportunities in the banking, financial services, and insurance (BFSI), telecom and IT, media and entertainment, retail & e-commerce sectors. The global application lifecycle management market is expected to reach an estimated $5.3 billion by 2028 with a ... Read more
