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Global Application Lifecycle Management Market Research Report – Segmentation By Component (Solution and Services), Platform (Web-Based Applications and Mobile-Based Applications), Deployment mode (On-premise and Cloud), Organization Size (SMEs and Large), Industry (BFSI, Retail and Electronic Commerce, Manufacturing, Government and Defense, Energy and Public Services, Data Processing and Telecommunications, Education, Healthcare, and others) and Region - Forecast to 2027

Published: January, 2022
ID: 9940
Pages: 150

Global Application Lifecycle Management Market Size & Growth (2021 – 2026)

The global application lifecycle management (ALM) market is predicted to expand from $ 3.81 billion in 2019 to $ 4.85 billion in 2020, at a development rate of 7.91% over the conjecture period of 2020 to 2025.

Application lifecycle management (ALM) software is used to coordinate and manage the various stages of software development. As a result, software can be designed, delivered and deployed faster, reducing time to market. ALM solutions are implemented in various developed economies to maintain agility and flexibility, as they improve business efficiency by applying standards at various stages of the project and by allocating more adequate human and technological resources. In addition, companies around the world are increasingly adopting cloud-based ALM solutions. This is due to the benefits of cloud-based deployment models, such as low initial costs, hosted IT services with no investment in infrastructure, and increased scalability. The ALM market has seen an increase, mainly due to the increase in the rate of adoption of ALM tools to shorten launch times and time to market.

Market growth and trends:

  • Rapid adoption of mobile devices and growth in the number of browsers/platforms are developing applications for several platforms involves many activities in addition to writing codes, called DevOps or ALM, during the entire life cycle of the application. Activities include work planning and monitoring, code design, implementation, source code repository management and continuous integration, version execution, testing, execution of various forms of development and production diagnostics, and monitoring application performance and user behavior in real time
  • Need for greater efficiency in all equipment and greater engineering productivity: ALM allows the management of the schedule and the delivery of the project. It guarantees that all requirements have been assigned to the capacity of the software. ALM tests the performance of the software throughout its life cycle. ALM supports individuals, teams and institutions in their quest to increase the productivity of testers and developers. In addition, it extends the software life cycle.
  • The SDLC model is used in project management and includes several stages in a systems development project, from initial study to maintenance of the complete application. SDLC consists of a detailed plan which describes how the development, maintenance and replacement of specific software is carried out. The complete structure of the software development process reduces software development time. ALM helps to reduce the time required for the software development process, thereby helping to increase the company's profitability.

Market Drivers and Restraints:

The shift from the cascaded development model to the agile development model has increased over the past decade due to the increased need for constant updating during the application development phase and beyond. The cascade model is the first known process model. This model is often called a linear-sequential linear life cycle model because of its characteristics. This means that the next phase of the development model would only start if the previous phase was completed. On the other hand, the agile development method model is an incremental and iterative process model in which changes can be made based on customer satisfaction. Using an agile methodology, new functions can be easily added using multiple iterations. With all of these features, Agile ALM should be more popular.

The biggest challenge in adopting ALM tools is to change cultural barriers in all organizations. Organizations across the globe are depending on traditional methods, resulting in slower adoption rate of new ALM tools. Organizations continue to follow legacy methods as they always produce better returns at the end of the day, hindering the growth of news. The biggest challenge organizations face in moving from legacy methods to new methods is the high cost of developing the entire architecture. The trade-off between new investments, costs and complexity, and the return on investment compared to maintaining the old system puts organizations in a quandary, making adoption difficult.

APPLICATION LIFECYCLE MANAGEMENT MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2020 – 2026

Base Year

2020

Forecast Period

2022 - 2027

CAGR

17.91%

Segments Covered

By Component, Deployment Mode, Organization Size, Platform, Industry, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, APAC, Latin America, Middle East & Africa

Market Leaders Profiled

IBM Corporation, Microsoft Corporation, CA Technologies Inc., Hewlett-Packard Development Company LP, VersionOne Inc., Electric Cloud Inc., Changepoint Corporation, Atlassian Corporation, Micro Focus and Rocket Software, Inc and Others.

 

Application Lifecycle Management Market Segmentation:

The global application life cycle management market is segmented into components, deployment mode, organization size, platform, industry, and region.

Application Lifecycle Management Market By Component:

Based on components, the global market is bifurcated into solutions and services.

Application Lifecycle Management Market By Deployment Mode:

Depending on the deployment mode, it is segmented as on-premises and cloud.

Application Lifecycle Management Market By Organization Size:

Depending on the size of the organization, it is segmented into large companies and small and medium-sized companies.

Application Lifecycle Management Market By Platform:

In terms of platform, the application life cycle management market is divided into web-based applications and mobile applications.

Application Lifecycle Management Market By Industry:

According to the industry, it is classified into BFSI, retail and electronic commerce, manufacturing, government and defense, energy and public services, data processing and telecommunications, education, health care, and others.

Regional Analysis:
At the regional level, the global application lifecycle management market is analyzed in North America, Europe, Asia-Pacific and LAMEA.

North America has always been an innovative and competitive field for every technology. The region remains one of the fastest to adopt innovative technologies. Currently, the United States has the largest share of the ALM market, due to various factors, such as the presence of multiple companies with advanced IT infrastructure and the availability of technical expertise. Also, the growth of the market in the United States can be attributed to various initiatives taken by the country's government to carry out industrial digitization, as well as to the rapid technological innovations and increased use of connected devices taking place in the United States. The presence of large companies such as Microsoft, Broadcom, and IBM has fuelled innovations in the ALM market, while start-ups have contributed greatly to market growth. North America should continue to maintain its leadership in the ALM market for years to follow.

Key players in the market:

The main players in the global application life cycle management market are IBM Corporation, Microsoft Corporation, CA Technologies Inc., Hewlett-Packard Development Company LP, VersionOne Inc., Electric Cloud Inc., Changepoint Corporation, Atlassian Corporation, Micro Focus and Rocket Software, Inc. Current and future trends in application lifecycle management are outlined to determine overall market appeal.

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                          

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling      

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                         

                                4.1.1 Drivers      

                                4.1.2 Restaints  

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis        

                                5.1.2 Products/Service  

                                5.1.3 Regional Presence               

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Application Lifecycle Management Market, By Component                  

                                6.1.1 Solution    

                                6.1.2 Services    

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis             

                                6.1.5 Market Attractiveness Index          

                6.2 Application Lifecycle Management Market, By Platform                        

                                6.2.1 Web-Based Applications   

                                6.2.2 Mobile-Based Applications              

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis             

                                6.2.5 Market Attractiveness Index          

                6.3 Application Lifecycle Management Market, By Deployment Mode                   

                                6.3.1 Cloud         

                                6.3.2 On-Premises          

                                6.3.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.4 Y-o-Y Growth Rate Analysis             

                                6.3.5 Market Attractiveness Index          

                6.4 Application Lifecycle Management Market, By Organization Size                       

                                6.4.1 SMEs         

                                6.4.2 Large         

                                6.4.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.4 Y-o-Y Growth Rate Analysis             

                                6.4.5 Market Attractiveness Index          

                6.5 Application Lifecycle Management Market, By Industry                         

                                6.5.1 BFSI            

                                6.5.2 Retail and Electronic Commerce    

                                6.5.3 Manufacturing      

                                6.5.4 Government and Defense               

                                6.5.5 Energy and Public Services               

                                6.5.6 Education

                                6.5.7 Data Processing and Telecommunications 

                                6.5.8 Healthcare              

                                6.5.9 Market Size Estimations & Forecasts (2019-2024)   

                                6.5.10 Y-o-Y Growth Rate Analysis           

                                6.5.11 Market Attractiveness Index        

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                  

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Component      

                                7.2.3 By Platform             

                                7.2.4 By Deployment Mode        

                                7.2.5 By Organization Size            

                                7.2.6 By Industry             

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Component      

                                7.3.3 By Platform             

                                7.3.4 By Deployment Mode        

                                7.3.5 By Organization Size            

                                7.3.6 By Industry             

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Component      

                                7.4.3 By Platform             

                                7.4.4 By Deployment Mode        

                                7.4.5 By Organization Size            

                                7.4.6 By Industry             

                7.5 Latin America                             

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Component      

                                7.5.3 By Platform             

                                7.5.4 By Deployment Mode        

                                7.5.5 By Organization Size            

                                7.5.6 By Industry             

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Component      

                                7.6.3 By Platform             

                                7.6.4 By Deployment Mode        

                                7.6.5 By Organization Size            

                                7.6.6 By Industry             

8. Key Player Analysis                                    

                8.1 IBM Corporation                      

                                8.1.1 Business Description           

                                8.1.2 Products/Service  

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis       

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Microsoft Corporation                           

                8.3 CA Technologies Inc                

                8.4 Hewlett-Packard Development Company                     

                8.5 VersionOne Inc                         

                8.6 Electric Cloud Inc                      

                8.7 Changepoint Corporation                     

                8.8 Atlassian Corporation                             

                8.9 Micro Focus                

                8.10 Rocket Software, Inc                            

9. Market Outlook & Investment Opportunities                                

Appendix                                           

                List of Tables                     

                List of Figures                   

  1. Global Application Lifecycle Management Market By Region, From 2020-2025 ( USD Billion )
  2. Global Application Lifecycle Management Market By Component, From 2020-2025 ( USD Billion )
  3. Global Solution Market By Region, From 2020-2025 ( USD Billion )
  4. Global Services Market By Region, From 2020-2025 ( USD Billion )
  5. Global Application Lifecycle Management Market By Platform, From 2020-2025 ( USD Billion )
  6. Global Web-Based Applications Market By Region, From 2020-2025 ( USD Billion )
  7. Global Mobile-Based Applications Market By Region, From 2020-2025 ( USD Billion )
  8. Global Application Lifecycle Management Market By Deployment Mode, From 2020-2025 ( USD Billion )
  9. Global Cloud Market By Region, From 2020-2025 ( USD Billion )
  10. Global On-Premises Market By Region, From 2020-2025 ( USD Billion )
  11. Global Application Lifecycle Management Market By Organization Size, From 2020-2025 ( USD Billion )
  12. Global SMEs Market By Region, From 2020-2025 ( USD Billion )
  13. Global Large Market By Region, From 2020-2025 ( USD Billion )
  14. Global Application Lifecycle Management Market By Industry, From 2020-2025 ( USD Billion )
  15. Global BFSI Market By Region, From 2020-2025 ( USD Billion )
  16. Global Retail and Electronic Commerce Market By Region, From 2020-2025 ( USD Billion )
  17. Global Manufacturing Market By Region, From 2020-2025 ( USD Billion )
  18. Global Government and Defense Market By Region, From 2020-2025 ( USD Billion )
  19. Global Energy and Public Services Market By Region, From 2020-2025 ( USD Billion )
  20. Global Education Market By Region, From 2020-2025 ( USD Billion )
  21. Global Data Processing and Telecommunications Market By Region, From 2020-2025 ( USD Billion )
  22. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
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