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.
Request a Free Sample of our Global Application Lifecycle Management (ALM) Market: https://www.omrglobal.com/request-sample/application-lifecycle-management-alm-market
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.
A full Report of Global Application Lifecycle Management (ALM) Market is Available at: https://www.omrglobal.com/industry-reports/application-lifecycle-management-alm-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)
- (This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
