Application Lifecycle Management (ALM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023

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Application Lifecycle Management (ALM) Market -

Global Industry Analysis, Size, Share, Growth,

Trends and Forecast 2015 - 2023

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Transparency Market Research has released a new market report titled Application Lifecycle Management

(ALM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.

According to this report, the global ALM market revenue stood at US$2.04 Bn in 2014 and is expected to

reach US$4.39 Bn by 2023 at a CAGR of 8.9% from 2015 to 2023.

Browse the full Application Lifecycle Management (ALM) Market (By Component - Software, Services;

By End-User - Automotive and Transportation, Aerospace and Defense, BFSI, Energy and Utilities, Retail,

Healthcare, IT and Telecom, Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast

2015 - 2023 report at http://www.transparencymarketresearch.com/application-lifecycle-managementmarket.html

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 flexibility, as ALM increases the

business efficiency by creating and enforcing standards across all related project stages, and performing

more appropriate allocation of human and technological resources. Also, increasingly cloud-based ALM

solutions are being adopted by enterprises around the globe. This is due to the benefits offered by cloudbased

implementation models, such as low upfront costs, hosted computing services without any

investments in infrastructure, and increased scalability. The cloud-based ALM solutions segment is

anticipated to grow the fastest, with an expected CAGR of 8.7% during the forecast period due to their

ability to provide global access to information and processes in software development. The ALM services

market is segmented into consulting, professional, operation, and maintenance. In 2014, global ALM

services component revenue accounted for 1.13 Bn, which is approximately 55% of the overall ALM

market.

The IT and telecom end-user segment acquired the majority share of the ALM market in the year 2014. It

was also the fastest-growing segment, projected to expand at a CAGR of 9.3% from 2015 to 2023. Rising

technical as well as managerial challenges and variations in software with different standards in different

regions have led to high adoption of ALM solutions among IT and telecom end-users.


In the future, the ALM market is expected to grow significantly in Asia Pacific due to its fast technological

development and population growth. The global market for ALM has been segmented as follows:

ALM Market: By Component

Software

On-Premise

Agile Centric ALM

Process Centric

Cloud-Based

Agile Centric ALM

Process Centric

Services

Consulting

Professional

Operation and Maintenance

ALM Market: By End-User

Automotive and Transportation

Aerospace and Defense

BFSI

Energy and Utilities

Retail

Healthcare

IT and Telecom


Others

ALM Market: By Region

North America

U.S.

Rest of North America

Europe

EU7

CIS

Rest of Europe

Asia Pacific

Japan

China

South Asia

Australasia

Rest of APAC

Middle East & Africa

GCC

South Africa

Rest of Middle East & Africa

Latin America

Brazil

Rest of Latin America


Browse : Our new press releases http://www.transparencymarketresearch.com/pressrelease/globalapplication-lifecycle-management-market.htm

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business

information reports and services. The company’s exclusive blend of quantitative forecasting and trend

analysis provides forward-looking insights for decision makers. TMR’s experienced team of analysts,

researchers, and consultants use proprietary data sources and various tools and techniques to gather and

analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always

reflects the latest trends and information. With extensive research and analysis capabilities, TMR employs

rigorous primary and secondary research techniques to develop distinctive data sets and research material

for business reports.

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