The global application lifecycle management market is anticipated to grow significantly over the forecast period. The market growth is expected to be influenced by its features such as enhanced organizational agility and better decision making abilities.
Application lifecycle management provides robust traceability capabilities with inbuilt traceability views and offline traceability reporting. It provides the organizations with an enhanced set of benefits including increased efficiency, improved collaboration, low maintenance cost, and enhanced resource utilization among others.
However, risks associated with data privacy and other security applications are expected to hinder the market growth over the forecast period. Moreover, factors such as rising demand for high-quality software and improved productivity are likely to propel market growth over the forecast period.
Application Lifecycle Management Market: Element/ Application Insights
The global application lifecycle management market is divided into application governance, application development, application operations, based on deployment type.
Application governance segment deals with the decisions that are specific to applications. It also includes resource management, data security, and user access.
Application development stage, also popularly known as software development lifecycle, includes identifying & correcting the prevailing problems and then updating the application according to the requirement. The application operations segment includes deployment of application and regulation of the technology stack.
On the basis of application, the global application lifecycle management market is segmented into requirement management, estimation & planning, source code management, testing & quality assurance, deployment/DevOps, and maintenance & support among others. The demand for DevOps is likely to increase over the years as it incorporates operations and development together into a fully-integrated continuous process.
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Application Lifecycle Management Market: Deployment Type Insights
The global application lifecycle management market is segregated into cloud-based, on-premise, based on deployment type. Cloud-based segment held a major share in 2016 and is likely to grow significantly over the forecast period. The demand for cloud-based solutions is projected to increase as it provides global access to information and processes in software development.
Application Lifecycle Management Market: End-User Insights
Based on end-use, the global application lifecycle management market is divided into retail, automotive & transportation, aerospace & defense, IT & telecom, BFSI, healthcare, and energy & utilities industries among others. The IT and telecommunication segment is anticipated to grow at the highest CAGR over the forecast period. This growth is attributed to increasing technological advancements coupled with high adoption of application lifecycle management solutions among various IT and telecom industries.
Application Lifecycle Management Market: Regional Insights
North America accounted for a significant market share in 2016. The regional growth is expected to be influenced by increased adoption of ALM solutions across the region coupled with continuous emphasis on improving customer experience by the developers. Asia Pacific is likely to be the fastest growing region on account of growing technological advancements coupled with large number of IT & Telecom industries present across the region.
Application Lifecycle Management Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase application lifecycle management over the coming years. Some leading consumers of this market are Kroger Company, Cisco Systems, and Medtronic among others.
Application Lifecycle Management Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Application Lifecycle Management Market Share & Competitor Analysis
Some of the leading players profiled in the report are Atlassian, CA Technologies, HPE, IBM, Microsoft, CollabNet, Object Technology Solutions, Intland Software, Kovair Software, Micro Focus, Siemens, Neudesic, Rocket Software, and VersionOne.
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