Dallas, Texas, Sept. 17, 2020 (GLOBE NEWSWIRE) -- The “Application Lifecycle Management Market By Solutions (Software, Services {Professional, Managed}), Deployment Mode (On-Premises, Cloud), By Platform (Web-Based Application and Mobile Based Application), Organization Size (SMEs, Large Enterprise), Vertical (Telecommunication and IT- Enabled Services, Banking, Financial Services, And Insurance, Media And Entertainment, Retail And Consumer Goods, Healthcare And Pharmaceuticals, Manufacturing, Energy & Utilities and Others), And Region (North America, Europe, Asia Pacific, Middle East & Africa And South America), Global Forecast 2018 to 2028” study provides an elaborative view of historic, present and forecasted market estimates.
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The Global Application Lifecycle Management (ALM) Market Size is projected to grow from USD 3.1 Billion in 2018 to USD 8.99 Billion by 2028, at a CAGR of 7.1% Growing demand for compliance throughout the Application Development is driving the market to grow. This has resulted in better decision making during the entire application development phase.
The Application Lifecycle Management has made a digital revolution with the help of Telecom and the IT industry playing a critical role in it. The Software helps in predicting time, quality, and cost through qualitative and quantitative data resulting in optimization of cost. Customer experience being the focus, there is tremendous adoption of ALM tools such as Agile and DevOps, this in turn helps the customer in shortening the release time and time to market.
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The organization such as small and medium-sized businesses have been benefited by the implementation of ALM as it led to a decrease in cost and helps in business efficiency. The SME will have the largest market size in the application lifecycle management market. SMEs can adopt ALM tools which will lead to increased speed, security, and integration for an organization. SME has good growth in the ALM market in the forecast period.
The Application Lifecycle Management Market has strong competition among the well-established and new emerging players. These market players target to gain a competitive advantage overthe other players by participating in partnerships, mergers, and acquisitions and expanding their businesses.
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The Application Lifecycle Management market is a wide range to North America, Europe, APAC, South America, and the Middle East & Africa. North America is said to be a saturated market. The US and Canada contribute the maximum in the growth of the Application Lifecycle Management market.
The major players of the Digital Workplace Market are Microfocus, Broadcom, Atlassian, Microsoft, IBM, and more. The Application Lifecycle Management market is fragmented with the existence of well-known global and domestic players across the globe.
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Major Points from Table of Contents:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Application Lifecycle Management Market by Solutions
Chapter 6 Application Lifecycle Management Market by Deployment Mode
Chapter 7 Application Lifecycle Management Market by Platform Size
Chapter 8 Application Lifecycle Management Market by Organization Size
Chapter 9 Application Lifecycle Management Market by Vertical
Chapter 10 Application Lifecycle Management Market by Region
Chapter 11 Competitive Landscape
Chapter 12 Company Profiles
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