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Agile Application Life-Cycle Management Market to Receive overwhelming hike in Revenues by 2027
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One added benefit of agile application life-cycle management is that it is built on an open framework/architecture, hence it has the flexibility of adding more functions during the entire development lifecycle. In addition to this, agile application life-cycle management is receptive to change and can create correlations between organizations, people and development strategies.
Agile Application Life-Cycle Management Market: Drivers and Challenges
One of the major driving factors of agile application life-cycle management is the increasing levels of globalizations of industries, which makes it essential for every organization to have a strong life cycle management solution in place. Also, due to rising demands of customer and continuous up gradation of technologies, clients usually demand for customization of product/ solution in between development lifecycle. Hence, adoption of agile application life-cycle management by companies is on the rise as the companies making use of this technology are able to offer interim builds to their client and also update the features as and when required.
Agile Application Life-Cycle ManagementMarket: Segmentation
Segmentation on the basis of component:
Software
On-premises
Cloud based
Services
Segmentation on the basis of services:
Consulting
Professional
Operations
Maintenance
Segmentation on the basis of end-user:
BFSI
IT and Telecommunications
Healthcare
Retail
Energy and Utilities
Transportation
Others
Agile Application Life-Cycle ManagementMarket: Recent Contracts/Deals and Acquisitions
Few of the companies in Agile Application Life-Cycle Management market are: Hewlett-Packard Development Company, L.P., Electric Cloud, Inc., IBM Corporation, Changepoint Corporation, Atlassian Corporation, CA Technologies, Inc., Microsoft Corporation, and VersionOne, Inc. These companies are continually in the process of updating their offerings and service portfolio.
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Agile Application Life-Cycle ManagementMarket: Regional Overview
Agile Application Life-Cycle Management market is currently dominated by North America region owing to technological advancements and level of automation in the region; especially by US and Canada. Europe agile application life-cycle management market follows next as various industry verticals such as transportation and automation industry are realizing the importance of this technology over conventional product lifecycle management. APEJ region is fast picking up pace in the agile application life-cycle management market owing to increase in demand of agile process over conventional life-cycle management.
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