Global Application Lifecycle Management (ALM) Market Research Report 2021-2027 | Share, Global Trends, Key Players, Growth Analysis.

The increasing demand for agile development model by the enterprises encourages the growth of the application lifecycle management (ALM) market during the forecast period. Agile ALM is a comprehensive software development lifecycle that embodies the essential agile principles and provides guidance on all activities needed to successfully implement the software and systems development lifecycle. Agile ALM embodies agile configuration management and much more. Agile development provides support for effective iterative development, including fast builds, continuous integration, and test-driven development (TDD), which is essential for successful agile development. In a comprehensive lifecycle methodology, agile development model can make the difference between success and failure of application development.

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Testing throughout the lifecycle plays a significant role in agile ALM and may even be used to supplement requirements documents that are often intentionally kept brief in an agile world. Agile ALM focuses on iterative development that requires a minimum amount of process, with an emphasis on proven practices that include iterative development, strong communication, and customer collaboration.

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Understanding agility is easy while examining the process methodologies that have come before. Therefore, the agile development is widely adopted in large and small enterprises that further encourage the demand for ALM solutions thus creating a significant growth opportunity in the ALM market.
Growing application of Cloud based ALM solutions
The increasing adoption of the cloud based ALM solutions in small and large enterprises propels the ALM market. There are various factors that can influence the adoption of cloud based ALM solutions by small and medium enterprises SMEs such as organization characteristics, competitiveness, and management strategies. The demand for cloud based ALM is growing among enterprises as these solutions provide flexibility and scalability, liability and data confidentiality for their businesses process. The scope of cloud-based computing ranges from development tools to elastic infrastructures that make it possible for developers to use full-size test environments that are both inexpensive and easy to construct and tear down, as required. Rising adoption of the cloud based ALM solution is attributed to the faster deployment of new capabilities in enterprises that further drive the market.

Substantial opportunity in emerging market
The global ALM market is projected to witness the substantial opportunity in emerging markets such as China, India, and others. By the rapid development of cloud computing, internet & mobile Internet, and big data applications, the pace of building a global data center is accelerating. Moreover, China has many small and large companies that offer ample opportunity for the demand for ALM solutions. India is also one of the major countries in the global market. Increasing adoption of the cloud based ALM services by small and medium enterprises and the shift towards the agile development model in the IT industry are estimated to be the major factors that are driving the growth of the market in the country.

Global ALM Market- Segmentation
By Deployment Type
• On-Premises
• Cloud-based

By Industry
• BFSI
• Retail Industry
• IT & Telecom
• Government and Public Sector
• Healthcare
• •Others (Energy and Utility)

Global ALM Market– Segment by Region
North America
• US
• Canada
Europe
• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World

Company Profiles
• Atlassian Pty. Ltd.
• Birlasoft, Ltd.
• Broadcom, Inc.
• CollabNet, Inc.
• Digité, Inc.
• DLT Solutions
• Dynatrace, LLC
• IBM Corp.
• Inflectra Corp.
• Intland Software GmbH
• Jama Software, Inc.
• Kovair Software, Inc.
• LearnQuest, Inc.
• Micro Focus International plc
• Microsoft Corp.

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