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Application Lifecycle Management Market by Solution, Platform, Deployment Mode, Organization Size, Industry And Region - Global Forecast to 2022

Application Lifecycle Management Market: Global Forecast until 2022

  • March 2018
  • 137 pages
  • ID: 5365427
In this report:
The ALM market size by solution is expected to grow from USD ##,##.## million in 2017 to USD ##,##.## million by 2022, at a CAGR of ##.##% during the forecast period.
The market size of the web-based applications segment is expected to grow from USD ##,##.## million in 2017 to USD ##,##.## million by 2022, at a CAGR of ##.##% during the forecast period.

Summary

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The Application Lifecycle Management market is forecasted to grow at a compound annual growth rate (CAGR) of 7.0% during the forecast horizon.

The ALM market size is forecasted to grow from ~$2.6B in 2017 to ~$3.6B by 2022, at a Compound Annual Rise rate of 7.00 percent during the forecast period. This increase is anticipated to be fuelled by the digital transformation across different verticals, the growing adoption of Agile and DevOps, and the emergence of advanced ALM intelligence. Nevertheless, with the presence of important actors and open source ALM providers, the industry is anticipated to be highly competitive.

Services subsegment is anticipated to witness a higher increase rate in the solutions segment during the outlook period

The services segment is anticipated to witness a higher rise rate during the estimate period.The service providers help in implementing intelligent applications to streamline business processes.

The benefits of employing ALM services contain improved organizations' performance, reduced complexities and operating expenses, standardized and improved project delivery, improved engagement cash flow and profitability, simplified project planning and execution, streamlined project lifecycle, and enhanced resource productivity.

Mobile applications segment under the platform segmentationis anticipated to have a higher increase rate during the outlook period

The mobile applications segment is anticipated to witness a higher rise rate during the estimate period.People's lives have changed, due to the rising use of smartphones and mobile applications.

Institutions are using mobile applications for branding, customer engagement, direct sales, and indirect sales.With the growth in the adoption of mobiles, the security of devices and applications have also become crucial.

Mobile ALM security implies code vulnerabilities, including Structured Query Language injections and buffer overflows that are addressed during the development and testing phases of mobile ALM projects.

Asia Pacific (APAC) is anticipated to grow at the quickest rate during the outlook period

As per the geographic review, the APAC area is forecast to witness the quickest increase rate in the ALM market, due to the region's nature of quickly adopting new technologies, making higher investments in digital transformation, and its aim at growing the Gross Domestic Product.Main countries that have the potential in this zone contain Australia (AU), Singapore (SG), China (CN), Korea (KR/KP), Hong Kong (HK), and India (IN).

These countries are quickly investing in technological transformation.The rise in this area is forecast to be driven by the presence of half of the world's mobile users, the biggest number of social media users, the growing trend of the online shopping experience, and the rising internet connection and speed.

All these factors are anticipated to contribute to the increase of the ALM market in the Asia-Pacific regions. The big enterprises and Small and Medium-sized Enterprises in Asia-Pacific are acknowledging the importance of ALM software and focusing on the deployment of dedicated ALM software to facilitate affordable applications and efficiently serve their customers' requirements.

The break-up profiles of the primary participants have been given below:

• By Company category: Tier 1 (30.0 percent), Tier 2 (40.0 percent), and Tier 3 (30.0 percent)

• By Description: C-suite (40.0 percent), D-level (25.0 percent), and Grade of manager (35.0 percent)

• By Area: North America continent (35.0 percent), Asia-Pac (30.0 percent), Europe (EU) (25.0 percent), and RoW (10.0 percent)

Segment Research

The overall ALM market has been broken down by solution, deployment mode, platform, organization size, vertical, and area.An in-depth study of the regions has been done to furnish business insights into the potential business opportunities across several regions.

Additionally to this, the strength of service portfolio and business strategy excellence are some of the other MarketsandMarkets review included in the industry report.

Reasons to Buy the Report

The study would benefit the market top players/new sector entrants in the ALM market in these ways:

1. The document breaks down the ALM market comprehensively to provide the best approximations of the revenue data for the global market and its sub-segments across different areas.

2. The analysis benefits the partners distinguish the pulse of the sector and offers them with info on the main market drivers, market restraints, opportunities, and alternatives.

3. The market research benefits the partners comprehend the players and obtain additional insights to improve their rank in the sector.

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