Application Lifecycle Management Market Worth $4.5 Billion by 2024 - Exclusive Report by MarketsandMarkets™

CHICAGO, June 17, 2019 /PRNewswire/ -- According to a new market research report "Application Lifecycle Management Market by Solution (Software and Services), Platform (Web-Based Applications and Mobile-Based Applications), Deployment mode (On-premise and Cloud), Organization Size, Industry and Region - Global Forecast to 2024", published by MarketsandMarkets™, the Application Lifecycle Management Market is projected to grow from USD 3.1 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% from 2019 to 2024.

Major growth factors for the market include an increase in the adoption rate of ALM tools to shorten the release time and time-to-market, and adoption of new methodologies, such as Agile and DevOps, to leverage customer experience.

Browse in-depth TOC on "Application Lifecycle Management Market"

71 – Tables

34 – Figures  

136 – Pages      

Request PDF Brochure:

https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164601743 

On-premises segment to hold a larger market size during the forecast period

The on-premises deployment mode is the traditional method of implementing the ALM software across the enterprise's IT ecosystem. The on-premises deployment mode needs the organization to have the entire infrastructure to run and support the ALM software when needed. This type of deployment mode indeed gives full control to the ALM software,but are cost heavy. However, it limits the storage capacity that is needed to keep up with new functionalities and technologies through upgradation. On the basis of business types and needs, organizations can choose to opt-in for on-premises deployments, such as companies dealing with confidential user data.

Large enterprises segment to hold a larger market size in 2019

The ALM software helps large enterprises automate and centralize development, quality, project, and resource management metrics in a unified dashboard, which is critical to a product team and the overall organization's demonstration of quality and agility. The demand for flexible, scalable, and convenient services by large enterprises is expected to encourage the market players to come up with newer technologies and innovative solutions.

Speak to Our Expert Analyst:

https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=164601743 

North America to hold the largest market size during the forecast period

North America has always been an innovative and competitive ground for every technology. The region remains one of the fastest in the adoption of innovative technologies. Currently, the US holds the highest share in the Application Lifecycle Management Market, due to various factors, such as the presence of several enterprises with advanced IT infrastructure and the availability of technical expertise. Furthermore, the growth of the market in the US can be attributed to several initiatives taken by the government of the country to carry out industrial digitalization, as well as rapid technological innovations and increased use of connected devices taking place in the US. Presence of leading companies such as Microsoft, Broadcom, and IBM has fueled innovations in the ALM market, whereas startup companies, including Perforce, CollabNet, Inflectra, and Digité, have contributed to the growth of the market to a large extent. North America in the coming years is projected to continue its lead in the ALM market.

Market Players

Key market players profiled in this report include Atlassian(Australia), IBM(US), Microsoft(US), Micro Focus(UK), CollabNet(US), Broadcom(US), Digite(US), Inflectra(US), Intland(Germany), Perforce(US), and Siemens(Germany).

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

Related Reports:

Continuous Delivery Market – GLOBAL FORECAST TO 2023

Continuous Delivery Market by Deployment Mode (On-premises and Cloud), Organization Size, Vertical (BFSI, Retail and eCommerce, Media and Entertainment, Telecommunication, Healthcare, Manufacturing, Education), and Region

https://www.marketsandmarkets.com/Market-Reports/continuous-delivery-market-174657733.html

DevOps Market - GLOBAL FORECAST TO 2023

DevOps Market by Type (Solutions and Services), Deployment Model (Public, Private, and Hybrid), Organization Size, Industry Vertical (BFSI, Healthcare, Telecommunications and ITES, Manufacturing), and Region

https://www.marketsandmarkets.com/Market-Reports/devops-824.html

About MarketsandMarkets™ 

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/application-lifecycle-management-alm-market.asp

Visit Our Website: https://www.marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/application-lifecycle-management-alm.asp

Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg