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