Application Lifecycle Management market was valued at USD 3.28 billion in 2020 and is expected to reach USD 5.54 billion by 2028, growing at a CAGR of 6.78% from 2021 to 2028.
The factors such as they move from the waterfall development model to an agile development model have expanded in the requirement for a consistent update from the development phase of the application security and beyond. On the other hand, the Agile development method model is an iterative and incremental process model in which, changes can be made by consumer loyalty. By using the agile methodology, new features can be added easily by using numerous iterations.
The demand for Application Lifecycle Management is likely to surge on account of growing demand from the shift from development model from waterfall to agile. It has helped in decision making during application development. It ensures compliance throughout the Application Development software phase. The implementation of ALM has led to a decrease in cost and helps in improving business efficiency. The emergence of the open source service platform in the software industry has led developers to create an open-source platform to help grow the developer community.
Application Lifecycle Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2030 |
Study Period | 2018-2030 |
Forecast Unit | Value (USD) |
Revenue forecast in 2030 | USD 5.54 billion |
Growth Rate | CAGR of 6.78 % during 2020-2030 |
Segment Covered | Solution, Deployment Mode, Platform Size, Vertica, Regions |
Regions Covered | North America, Europe, Asia Pacific, Middle East and Africa, South America |
Key Players Profiled | Microfocus, Broadcom, Atlassian, Microsoft, IBM, and more |
Segment Overview of Application Lifecycle Market
Solution Overview, (USD Billion)
- Software
- Services
- Professional
- Managed
Deployment Mode Overview, (USD Billion)
- On-Premises
- On Cloud
Platform Size Overview, (USD Billion)
- Web-Based Application
- Mobile Applications
Organization Size Overview, (USD Billion)
- SMEs
- Large Enterprises
Vertical Overview, (USD Billion)
- Telecommunication and IT- Enabled Services
- Banking, Financial Services, and Insurance
- Media and Entertainment
- Retail and Consumer Goods
- Healthcare
- Manufacturing
- Energy and Utilities
- Others
Regional Overview (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- Singapore
- Australia & New Zealand
- Rest of Asia-Pacific
- Middle East and Africa
- Kingdom of Saudi Arabia
- Qatar
- South Africa
- Rest of Middle East and Africa
- South America
o Mexico
o Rest of South America