The major players in the application lifecycle management software market include IBM Corporation, Microsoft Corporation, CA Technologies Inc., Hewlett-Packard Development Company L.P., VersionOne Inc., Electric Cloud Inc., Changepoint Corporation, Atlassian Corporation, Micro Focus, Rocket Software, Inc..
Rising industry globalization and rapid uptake of mobile devices and growth in the number of browsers/platforms are some of the major factors that are driving the growth of the market. In addition to that, growing requirements for enhancing decision making all through the application development process and shift of development models from waterfall to agile surges the growth of the market. Moreover, rising need for high efficiency and productivity across teams and augmented engineering productivity applications in industries is one of the prime factors that are positively impacting the market growth. The application lifecycle management allows effective project timelines management and project delivery, also tests the performance of the software during the lifecycle thus improves efficiency and productivity, this leads to more demand for ALM software solutions.
Market Segmentation
By Solution
- Software
- Services
By Deployment
- On-premises
- Cloud
By Organization Size
- Small and Medium-sized Enterprises (SMEs)
- Large enterprises
By Industry Vertical
- Banking, Financial Services, and Insurance (BFSI)
- Telecom and IT
- Media and entertainment
- Retail and ecommerce
- Healthcare
- Manufacturing
- Energy and utilities
- Others (Transportation and logistics, Education and Government)
Demand for application lifecycle management software market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Source: https://www.valuemarketresearch.com/report/application-lifecycle-management-software-market
Naira Shekhawat has been into Content Writing just after completing her Graduation in English Literature. Her love for words has won her many accolades in her respective jobs ever since. Naira covers business sections for VMR News. She is a traveller by heart and loves writing on food blogs as a freelancer.