Global Application Lifecycle Management (ALM) Market Size, Share, Forecast 2019-2025


Posted August 22, 2020 by rishabh3210

Global Application Lifecycle Management (ALM) Market Size, Share, Forecast 2019-2025Global Application Lifecycle Management (ALM) Market Size, Share, Forecast 2019-2025

 
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. 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.

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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.

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

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Tags Global Application Lifecycle Management (ALM) Market Size, Share, Forecast 2019-2025
Last Updated August 22, 2020