Dublin, June 25, 2019 (GLOBE NEWSWIRE) -- The "Application Lifecycle Management Market by Solution (Software and Services), Platform (Web-Based Applications and Mobile-Based Applications), Deployment mode (On-premise and Cloud), Organization Size, Industry and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
The Global Application Lifecycle Management (ALM) Market Size is projected to Grow from USD 3.1 Billion in 2019 to USD 4.5 Billion by 2024, at a CAGR of 7.1% from 2019 to 2024.
ALM is the product lifecycle management of applications, from requirement gathering, designing, development, and deployment to post-deployment activities across the entire lifecycle of applications. ALM effectively manages the processes of development, testing, release, deployment, updates, and ongoing maintenance and assists in accommodating changes, without disturbing business operations, by efficiently and securely managing as well as updating applications with governance across environments.
Historically, the first-generation ALM products were introduced around 2005. By 2010, these ALM products were challenged by the limited technology they were built on. These technologies were earlier limited to service management and orchestration and later evolved into various discrete components.
By 2012, new ALM tools became more integrated and could address the issues in the traditional lifecycle management tools. While these tools provided more capabilities and monolithic software-based architecture, the adoption was comparatively low, as these on-premises solutions required extensive professional services for implementation and maintenance.
Going forward, cloud-based and Platform-as-a-Service (PaaS) ALM solutions were designed, with the limitations of the high cost of ownership, high implementation costs, and uncertain Return on Investment (ROI). However, today's microservices-based and container-based ALM solutions offer easy and modern architecture to drive the overall application lifecycle management process.
The market has been segmented by solution, deployment mode, platform, organization size, industry, and region. The ALM market research report presents a detailed analysis, market sizing, and forecasting of the growth trends of market segments of the ALM market. This report also analyzes the global adoption trends, growth potentials, key drivers, competitive outlook, restraints, opportunities, challenges, and value chain analysis.
The report profiles the major ALM market vendors, including Atlassian (Australia), IBM (US), Microsoft (US), Micro Focus (UK), CollabNet (US), Broadcom (US), Digite (US), Inflectra (US), Intland (Germany), Perforce (US), and Siemens (Germany).
These companies are adopting different growth strategies, such as mergers and acquisitions, business expansions, partnerships and collaborations, and new product developments, to increase their market shares, which have also been tracked and mentioned in the report.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Application Lifecycle Management Market
4.2 Market in North America, By Solution and Country
4.3 Market: Major Countries
5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Shift of Development Model From Waterfall to Agile
5.2.1.2 Improving Decision-Making During Application Development
5.2.1.3 Ensuring Compliance Throughout the Application Development Phase
5.2.2 Restraints
5.2.2.1 Slow Disposal Rate of Legacy Methods and Adoption of New Ones
5.2.3 Opportunities
5.2.3.1 Emergence of Open Source ALM Tools
5.2.4 Challenges
5.2.4.1 Critical Integration of ALM Tools
5.3 Use Cases
6 Application Lifecycle Management Market, By Solution
6.2 Introduction
6.3 Software
6.3.1 ALM Software Solutions to Drive the Overall Market Growth
6.4 Services
6.4.1 Professional Services
6.4.1.1 Consulting
6.4.1.1.1 Enterprises to Adopt Consulting Services for Formulating New Strategies
6.4.1.2 System Integration and Deployment
6.4.1.2.1 Organizations Adopt System Integration and Deployment Services to Offer Seamless Integration of ALM With Their IT System
6.4.1.3 Support and Maintenance
6.4.1.3.1 Support and Maintenance Services Ensure the Overall Development of the ALM Solutions
6.4.2 Managed Services
6.4.2.1 Organizations Seek Managed Services to Increase Productivity
7 Application Lifecycle Management Market, By Deployment Mode
7.1 Introduction
7.2 On-Premises
7.2.1 On-Premises Deployment to Give Full Control to the ALM Software
7.3 Cloud
7.3.1 Cloud-Based Platforms Offer Centralized Way to Secure Applications
8 Market By Platform
8.1 Introduction
8.2 Web-Based Applications
8.2.1 Web-Based Applications Being Not Native to Any System Can Adapt to Any Device
8.3 Mobile-Based Applications
8.3.1 Organizations to Use Mobile Applications for Branding, Marketing, and Sales Purposes
9 Market By Organization Size
9.1 Introduction
9.2 Small and Medium-Sized Enterprises
9.2.1 Reduced Costs and Improved Business Efficiency for SMEs Leading to Growing ALM Adoption
9.3 Large Enterprises
9.3.1 Flexibility, Scalability, and Convenience to Drive the Adoption of ALM Software in Large Enterprises
10 Application Lifecycle Management Market, By Industry
10.1 Introduction
10.2 Banking, Financial Services, and Insurance
10.2.1 Improvement in Operational Efficiency and Reduced Cost to Drive the Growth of ALM Market in the BFSI Sector
10.3 Telecom and IT
10.3.1 ALM Tools' Ability to Save Cost in Telecom Operations to Drive the Growth of ALM Market in the Telecom and IT Industry
10.4 Media and Entertainment
10.4.1 Increasing Need for Enhanced Customer Experience and Satisfaction to Drive the Growth of ALM Market in the Media and Entertainment Industry
10.5 Retail and eCommerce
10.5.1 Growing Trends in Mobile Data Consumption and Increased Usage of Smartphones to Drive the Growth of ALM Market in the Retail and eCommerce Industry
10.6 Healthcare
10.6.1 Demand for Increased Security of Patient Data to Drive the Growth of ALM Market in the Healthcare Sector
10.7 Manufacturing
10.7.1 Increasing Global ICT Spending to Drive the Growth of ALM Market in the Manufacturing Industry
10.8 Energy and Utilities
10.8.1 High Demand for Transparency and Real-Time Communication to Drive the Growth of ALM Market in the Energy and Utilities Industry
10.9 Others
11 Application Lifecycle Management Market, By Region
Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/wmg355
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