The global application lifecycle management (ALM) market is projected to have a significant CAGR of 6.0% during the forecast period. ALM referred to the entire management of application, utility, and software solution during its initial stage to its removal from an organization’s system. The market growth is attributed to the rising adoption of the agile development model in place of the waterfall development model for application management. As divergent to the traditional methodologies, the agile development model has been introduced as an effort to provide software engineering efficiently and flexible. The agile development includes and interactive method to the application and software development thus, widely adopted by the various IT companies that further contribute to the growth of the market.

 Segmental Outlook  

The global application lifecycle management market is classified on the basis of deployment type and end-user. Based on the deployment type, the market is further segmented into on-premises and cloud-based. The cloud-based segment is projected to grow at a significant growth during the forecast period. The market growth is attributed to the growing adoption of cloud-based services by the different enterprises to improve flexibility and scalability of their business performance, and to lower the cost. As for the enterprises, the flexibility and scalability, liability and data confidentiality are the significant complications, the demand for cloud based ALM solutions are growing for their businesses. The industry segment is classified into BFSI, retail industry, IT & Telecom, government and public sector, healthcare and others (energy and utility). IT & Telecom industry segment is estimated to grow considerably during the forecast period.   

Global ALM Market Share by Deployment Type, 2018(%)

Global ALM market to be driven by the On-Premises Segment 

The on-premises segment is projected to have significant market share and growth during the forecast period. Through installing and running software and hardware situated in the company’s on-premise, IT staff has physical access to the data and can directly control the management, configuration, and security of the computing data and infrastructure. On-premise hosted ALM enables to minimize latency and provides control to the enterprise IT over back-end infrastructure. Some organizations significantly rely on their IT department for proper management of their data infrastructure in house, which in turn, is boosting the demand for on-premise ALM that further propels the segmental growth during the forecast period.  

Regional Outlook 

The global ALM market further classified based on geography including North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is estimated to have considerable market growth in the global market during the forecast period. Asia-Pacific is estimated to have significant growth in the global market during the forecast period. The market growth is backed by the presence of SMEs coupled with a significant contribution to the IT industry in the region. Technological innovation can act as the driver towards SMEs enhancing the global economy. SMEs are noted to experience a gradual reception towards the adoption of ICT. It provides simple, scalable as well as readily available technological solutions and grants SMEs access to similar technologies utilized by large businesses devoid of high costs and risks.

Global ALM Market Growth, by Region 2019-2025

North America a force to reckon with in the global ALM market

North America is projected to have a significant market share in the global market during the forecast period. The North American market is mainly driven by an increasing number of enterprises and growing outsourcing activities. IT companies are outsourcing the development of applications to other developers while retaining close control of their data and source code that raises the demand for ALM solutions. The US is a significant contributor to the growth of the North American ALM market due to the presence of major IT companies such as IBM Corp., Microsoft Corp., and others. The enterprises are seeking ways to reduce costs without noticeably increasing complexity for end-users which creates demand for ALM solutions in the country. 

Market Players Outlook

The key players in the ALM market contributing significantly by providing advanced technology-based products and increasing their geographical presence across the globe. The key players of the market include Broadcom, Inc., IBM Corp., Micro Focus International plc, Microsoft Corp., and Siemens AG. The others market players include Atlassian Pty Ltd., CollabNet, Inc., Inflectra Corp., Intland Software GmbH, Kovair Software, Inc., LearnQuest, Inc., Perforce Software, Inc., Jama Software Inc., and others These market players adopt various strategies such as product launch, partnerships, collaborations, merger, and acquisitions to sustain a strong position in the market. For Instance, August 2019, Micro Focus International plc announced the update for its ALM and quality center in the latest 15.0 release that will advance the product portfolio of the company that further increases the market cap in the ALM industry.  

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global ALM market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.