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May 7, 2019 9:17 AM ET

Application Lifecycle Management (Alm) Tools Market Future Scope, Demands And Projected Industry Growths To 2024

Application Lifecycle Management (Alm) Tools Market Future Scope, Demands And Projected Industry Growths To 2024

iCrowd Newswire - May 7, 2019

Application lifecycle management (ALM) is the product lifecycle management (governance, development, and maintenance) of computer programs. It encompasses requirements management, software architecture, computer programming, software testing, software maintenance, change management, continuous integration, project management, and release management.

ALM software includes the continuous process of application planning, developing, testing, deploying, and maintaining. The complete software includes phases, such as requirements management, estimation and planning, software development, testing and quality assurance, deployment and DevOps, support and maintenance, project and portfolio management, and collaboration and communication. ALM software can be developed and run in a Scrum, Extreme Programming (XP), Lean, Waterfall, or Agile methodology. The benefits of DevOps and Agile approach in ALM may eliminate security challenges, time constraints, and operational complexities, which are expected to drive the adoption of ALM software.

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Websites, web applications, and web services are the primary modes of running a business and delivering services to clients. These primary modes are user-friendly and provide assistance to users. Enterprises understand the importance of web-based applications, and hence invest more into this segment to gain a competitive advantage in the market. Moreover, the enterprises are incorporating the latest technologies, such as Artificial Intelligence (AI), motion UI, blockchain, Augmented Reality (AR), and push notifications, in their web-based applications. It is easy for software development professionals to develop web-based applications, as the web operating system is well-defined and specified by IT teams. Web-based applications are important for engaging customers and providing better services to them.

The retail and eCommerce industry is expected to be one of the fastest growing industries, due to the rising consumers’ purchasing power. The use of ALM software is gaining much importance in this industry. Retailers have various products and items across multiple departments, portfolios, and pricing bands, using which they provide personalized experiences to their customers. Applications are being developed for this industry to connect with online customers, employees, and logistics vendors in real-time, so that the retailers can build brand loyalty, handle warranty and replacement of products, and increase customer retention.

This report presents a comprehensive overview, market shares and growth opportunities of Application Lifecycle Management ALM Tools market by product type, application, key companies and key regions.

This study considers the Application Lifecycle Management ALM Tools value generated from the sales of the following segments:

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Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Web-Based Applications
Mobile Applications

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
United States
Southeast Asia
Middle East & Africa
South Africa
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Micro Focus
Inflectra Corporation
Perforce Software
Rocket Software
Siemens PLM Software
CA Technologies
Clarive Software
Intland Software
Rommana Software

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

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Research objectives
To study and analyze the global Application Lifecycle Management ALM Tools market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Application Lifecycle Management ALM Tools market by identifying its various subsegments.
Focuses on the key global Application Lifecycle Management ALM Tools players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Application Lifecycle Management ALM Tools with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the size of Application Lifecycle Management ALM Tools submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Also Read:  Global User Authentication Solution Market Size study, by Type (Single Factor Authentication, Two Factor Authentication), by Application (BFSI, IT & Telecom, Healthcare, Automotive, Government, Defense & Surveillance, Consumer Electronics, Others) and Regional Forecasts 2018-2025

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