The application lifecycle management market size is expected to see strong growth in the next few years. It will grow to $6.63 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to microservices and containerization, digital transformation initiatives, shift to remote and distributed developmen, comprehensive test automation, compliance management features. Major trends in the forecast period include cloud-based alm solutions, enhanced collaboration and communication tools, application security integration, greater emphasis on user experience (ux) design, lifecycle analytics and metrics..
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Segmentation & Regional Insights
The application lifecycle management market covered in this report is segmented –
1) By Solution: Software, Services
2) By Deployment: On-Premises, Cloud
3) By Organisation Size: Small and Medium-Sized Enterprises (SMEs), Large Snterprises
4) By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Media and Entertainment, Retail and eCommerce, Healthcare, Manufacturing, Energy and Utilities, Other Industry Verticals
North America was the largest region in the application lifecycle management market in 2023. The regions covered in the application lifecycle management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The rapid adoption of mobile devices is expected to propel the growth of the application lifecycle management market going forward. A mobile device refers to a small, hand-held device that has a display screen with touch input and provides users with telephony capabilities. Application lifecycle management helps in ease of use for mobile applications and also helps in mobile testing and quality management. For instance, according to the Economic Times, an India-based daily newspaper, as of October 2021, there were 1.18 billion mobile connections, 700 million Internet users, and 600 million smartphones in use in India. In addition, India has the greatest monthly data use, at almost 12 GB per person. Therefore, the rapid adoption of mobile devices is driving the application lifecycle management market growth.
Key Industry Players
Major companies operating in the application lifecycle management market report are Atlassian Corporation PLC., International Business Machines Corporation, Microsoft Corporation, Micro Focus, CollabNet, Digite, Inflectra Co.,Perforce Software Inc., Siemens AG, CA Technologies Inc., Hewlett-Packard Development Company L. P., Rocket Software Inc., Changepoint Corporation, VersionOne Inc.,IBM Corporation,Open Text Corporation,Broadcom Inc,Intland Software,Jama Software,Parasoft Corporation,Polarion Software,SmartBear Software,VersionOne,Kovair Software,PTC Inc.,HCL Technologies Limited,AgileCraft LLC,CloudBees,GitLab Inc.,JetBrains s. r. o.,
The application lifecycle management market report table of contents includes:
1. Executive Summary
2. Application Lifecycle Management Market Characteristics
3. Application Lifecycle Management Market Trends And Strategies
4. Application Lifecycle Management Market – Macro Economic Scenario
5. Global Application Lifecycle Management Market Size and Growth
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31. Global Application Lifecycle Management Market Competitive Benchmarking
32. Global Application Lifecycle Management Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Application Lifecycle Management Market
34. Application Lifecycle Management Market Future Outlook and Potential Analysis
34.1 Application Lifecycle Management Market In 2028 – Countries Offering Most New Opportunities
35. Appendix
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