Application Lifecycle Management Market

Application Lifecycle Management Market by Solution (Software and Services), Platform (Web-Based Applications and Mobile-Based Applications), Deployment mode (On-premise and Cloud), Organization Size, Industry and Region - Global Forecast to 2024

Report Code: TC 6107 Jun, 2019, by marketsandmarkets.com
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[143 Pages Report] MarketsandMarkets forecasts the global Application Lifecycle Management (ALM) market size is projected to grow from USD 3.1 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 7.1% from 2019 to 2024. The ALM market saw a rise mainly due to the increase in the adoption rate of ALM tools to shorten the release time and time-to-market. Adoption of new methodologies, such as Agile and DevOps, has an impact on customer experience.

                                                                      Attractive Opportunities in the ALM Market

Application Lifecycle Management (ALM) Market

                              Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

By solution,
software segment to hold a larger market size in 2019

The ALM software enables teams of all sizes to deliver high-quality apps with greater speed and agility. The software continuously processes for application project and portfolio management, requirement gathering, estimation, planning and designing, development, test and quality assurance, deployment and DevOps, and application support and maintenance. The deployment of ALM software with the help of agile and DevOps technology improves communication and collaboration between teams.

By organization size, SMEs to grow at a higher CAGR during the forecast period

The implementation of ALM is expected to result in reduced costs and improved business efficiency for Small and Medium-sized Enterprises (SMEs). The SMEs segment is expected to be a faster-growing segment in the ALM market. Enhanced reliability, better scalability, user-friendly capabilities, easy integration, increased agility, and improved efficiency are the key factors that are expected to encourage SMEs to adopt ALM at a rapid pace. The segment has a huge potential to flourish in the ALM market in the coming years.

Application Lifecycle Management (ALM) Market

Source: Investor Presentation, Secondary Literature, Expert Interviews, and MarketsandMarkets Analysis

North America to hold the largest market size during the forecast period

North America has always been an innovative and competitive ground for every technology. The region remains one of the fastest in the adoption of innovative technologies. Currently, the US holds the highest share in the ALM market, due to various factors, such as the presence of several enterprises with advanced IT infrastructure and the availability of technical expertise. Furthermore, the growth of the market in the US can be attributed to several initiatives taken by the government of the country to carry out industrial digitalization, as well as rapid technological innovations and increased use of connected devices taking place in the US. Presence of leading companies such as Microsoft, Broadcom, and IBM has fueled innovations in the ALM market, whereas startup companies, including Perforce, CollabNet, Inflectra, and Digitι, have contributed to the growth of the market to a large extent. North America in the coming years is projected to continue its lead in the ALM market.

Application Lifecycle Management (ALM) Market

Market Dynamics

Driver: Shift of development model from waterfall to agile

The shift from waterfall development model to agile development model has increased over the last decade due to the increase in the need of for constant update during the development phase of the application and beyond.
Waterfall model is the first known process model. This model is often referred to as the linear linear-sequential life cycle model because of its characteristics. It means that the next phase in the development model would start only if the previous phase is complete. On the other hand, Agile development method model is an iterative and incremental process model in which, changes can be made according to the customer satisfaction. By using the agile methodology, new features can be added easily by using multiple iterations. With all these features, Agile ALM is set to become more popular.

Restraint: Slow disposal rate of legacy methods and adoption of new ones

The biggest challenge in the adoption of ALM tools is the shift in cultural barriers across the organizations. Organizations across the world continues to rely on legacy methods, thus slowing the adoption rate of new ALM tools. Organizations continues to follow the legacy methods as it they still produce a better output at the end of the day, thus hindering the growth of new ones. The biggest challenge faced by organizations to shift to new methods from legacy methods is the high cost of developing the entire architecture. The trade-off between new investment, cost and complexity, and ROI versus maintenance of the old system is are putting organizations into a dilemma, thus hindering the adoption.

Opportunity: Emergence of open-source ALM tools

Today’s software industry saw an emergence of an open source platform which that lets developers create open source software to help grow the developer community. Similar growth has been witnessed towards the ALM solutions. Commercial ALM solutions costs the company and requires a hefty one-time investment, which are is mainly considered by large firms. Open source ALM solutions are mainly used by Small medium enterprises (SMEs) on a subscription model, otherwise known as Software as a Service (SaaS) model. Organizations are using open source software for mainly three 3 reasons, namely to reduce IT costs, for a more secured system, and for faster delivery. Thus, SMEs are taking benefits of these features to manage their application lifecycle.

Challenge: Critical integration of ALM tools

ALM tools proves to be very beneficial in managing a software’s release and entire lifecycle, once implemented properly. But the organization faces a whole lot of core challenges while they go about for implementing ALM tools. Firstly, the lack of standard definitions in ALM tools makes it harder for the organization to deploy it properly. Most people are still not aware about of the actual usability of the ALM tool. Furthermore, as most of the people still prefer to work with legacy methods, getting their hands on ALM tools is often a difficult job.  A shortage of tool knowledge often pushes organizations into making a decision, which is more aligned towards their technical vision. However, organizations trying to implement an ALM tool faces problem in choosing the correct one as plenty of tools are available in the market. So, all these factors make the integration of ALM tools a bit challenging.

Scope of the Report

Report Metrics

Details

Market size available for years

2017–2024

Base year considered

2018

Forecast period

2019–2024

Forecast units

Billion (USD)

Segments covered

Solution, Deployment Mode, Platform, Organization Size, Industry, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

Atlassian(Australia), IBM(US), Microsoft(US), Micro Focus(UK), CollabNet(US), Broadcom(US), Digite(US), Inflectra(US), Intland(Germany), Perforce(US), and Siemens(Germany)

The research report categorizes the ALM Market to forecast the revenues and analyze the trends in each of the following sub-segments:

ALM Market By Solution

  • Software
  • Services

ALM Market By Deployment

  • On-premises
  • Cloud

ALM Market By Organization Size

  • Small and Medium-sized Enterprises (SMEs)
  • Large enterprises

ALM Market By Industry Vertical

  • Banking, Financial Services, and Insurance (BFSI)     
  • Telecom and IT   
  • Media and entertainment
  • Retail and eCommerce     
  • Healthcare           
  • Manufacturing    
  • Energy and utilities             
  • Others (Transportation and logistics, Education and Government)

ALM Market By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Key Market Players

Atlassian(Australia), IBM(US), Microsoft(US), MicroFocus(UK), CollabNet(US), Broadcom(US), Digite(US), Inflectra(US), Intland(Germany), Perforce(US), and Siemens(Germany)

MicroFocus is one of crucial players in the ALM market, Micro Focus offers Lean, Agile, and DevOps-optimized ALM software and solutions that help faster software release with quality for business innovation and effective digital user experience. The company focuses on providing its customers the required speed and agility to deliver high-quality apps. Its ALM products and service offerings include ALM Octane for high-quality application delivery, ALM software for defining, automating, and managing activities, and gaining insights, quality center for integrated quality management, SIK Center for testing management, and dimension management for configuration management.

Critical questions the report answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the ALM market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regional Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primaries’ Profiles
                    2.1.2.2 Key Industry Insights
    2.2 Data Triangulation and Market Breakup
    2.3 Market Size Estimation
           2.3.1 Top-Down Approach
           2.3.2 Bottom-Up Approach
    2.4 Market Forecast
    2.5 Assumptions for the Study
    2.6 Limitations of the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Application Lifecycle Management Market
    4.2 Market in North America, By Solution and Country
    4.3 Market Major Countries

5 Market Overview and Industry Trends (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Shift of Development Model From Waterfall to Agile
                    5.2.1.2 Improves Decision-Making During Application Development
                    5.2.1.3 Ensures Compliance Throughout the Application Development Phase
           5.2.2 Restraints
                    5.2.2.1 Slow Disposal Rate of Legacy Methods and Adoption of New Ones
           5.2.3 Opportunities
                    5.2.3.1 Emergence of Open Source ALM Tools
           5.2.4 Challenges
                    5.2.4.1 Critical Integration of ALM Tools
    5.3 Use Cases

6 Application Lifecycle Management Market By Solution (Page No. - 42)
    6.1 Introduction
    6.2 Software
           6.2.1 ALM Software Solutions to Drive the Overall Market Growth
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 Consulting
                               6.3.1.1.1 Enterprises to Adopt Consulting Services for Formulating New Strategies
                    6.3.1.2 System Integration and Deployment
                               6.3.1.2.1 Organizations Adopt System Integration and Deployment Services to Offer Seamless Integration of ALM With Their It System
                    6.3.1.3 Support and Maintenance
                               6.3.1.3.1 Support and Maintenance Services Ensure the Overall Development of the ALM Solutions
           6.3.2 Managed Services
                    6.3.2.1 Organizations Seek Managed Services to Increase Productivity

7 Application Lifecycle Management Market By Deployment Mode (Page No. - 50)
    7.1 Introduction
    7.2 On-Premises
           7.2.1 On-Premises Deployment to Give Full Control to the ALM Software
    7.3 Cloud
           7.3.1 Cloud-Based Platforms Offer Centralized Way to Secure Applications

8 Application Lifecycle Management Market By Platform (Page No. - 54)
    8.1 Introduction
    8.2 Web-Based Applications
           8.2.1 Web-Based Applications Being Not Native to Any System Can Adapt to Any Device
    8.3 Mobile Applications
           8.3.1 Organizations to Use Mobile Applications for Branding, Marketing, and Sales Purposes

9 Application Lifecycle Management Market By Organization Size (Page No. - 58)
    9.1 Introduction
    9.2 Small and Medium-Sized Enterprises
           9.2.1 Reduced Costs and Improved Business Efficiency for SMEs Leading to Growing ALM Adoption
    9.3 Large Enterprises
           9.3.1 Flexibility, Scalability, and Convenience to Drive the Adoption of ALM Software in Large Enterprises

10 Application Lifecycle Management Market By Industry (Page No. - 62)
     10.1 Introduction
     10.2 Banking, Financial Services, and Insurance
             10.2.1 Improvement in Operational Efficiency and Reduced Cost to Drive the Growth of ALM Market in the BFSI Sector
     10.3 Telecom and IT
             10.3.1 ALM Tools’ Ability to Save Cost in Telecom Operations to Drive the Growth of ALM Market in the Telecom and IT Industry
     10.4 Media and Entertainment
             10.4.1 Increasing Need for Enhanced Customer Experience and Satisfaction to Drive the Growth of ALM Market in the Media and Entertainment Industry
     10.5 Retail and eCommerce
             10.5.1 Growing Trends in Mobile Data Consumption and Increased Usage of Smartphones to Drive the Growth of ALM Market in the Retail and eCommerce Industry
     10.6 Healthcare
             10.6.1 Demand for Increased Security of Patient Data to Drive the Growth of ALM Market in the Healthcare Sector
     10.7 Manufacturing
             10.7.1 Increasing Global Ict Spending to Drive the Growth of ALM Market in the Manufacturing Industry
     10.8 Energy and Utilities
             10.8.1 High Demand for Transparency and Real-Time Communication to Drive the Growth of ALM Market in the Energy and Utilities Industry
     10.9 Others

11 Application Lifecycle Management Market By Region (Page No. - 71)
     11.1 Introduction
     11.2 North America
             11.2.1 United States
                        11.2.1.1 Rising Awareness for ALM Among Corporates in the US
             11.2.2 Canada
                        11.2.2.1 Advanced IT Infrastructure and Availability of Technical Expertise in Canada
     11.3 Europe
             11.3.1 United Kingdom
                        11.3.1.1 Wide Adoption of ALM Methodologies By Governments and Corporates in the UK
             11.3.2 Germany
                        11.3.2.1 Rising ALM Adoption Due to Cloud-Based Services and Existing Cloud Computing Infrastructure in Germany
             11.3.3 France
                        11.3.3.1 Government Initiatives for Digitalization of the Country in France
             11.3.4 Rest of Europe
     11.4 Asia Pacific
             11.4.1 China
                        11.4.1.1 Transformation of Legacy Infrastructure Through Internet Technology and Enterprises' Participation in China
             11.4.2 Japan
                        11.4.2.1 Capital Investment in R&D for Promoting Technological Advancements in Japan
             11.4.3 Singapore
                        11.4.3.1 Smart Nation Initiative to Drive the Adoption of the ALM Market in Singapore
             11.4.4 Australia and New Zealand
                        11.4.4.1 Advanced and Reliable IT Infrastructure Enables the Growth of ALM in ANZ
             11.4.5 Rest of Asia Pacific
     11.5 Middle East and Africa
             11.5.1 Kingdom of Saudi Arabia
                        11.5.1.1 Significant Ict Investments to Drive the Growth of the ALM Market in Ksa
             11.5.2 Qatar
                        11.5.2.1 Sustainable Economic Development to Enable the Growth of the ALM Market in the Region in Qatar
             11.5.3 South Africa
                        11.5.3.1 Rapid Digital Transformation to Aid the Growth of the ALM Market in South Africa
             11.5.4 Rest of Middle East and Africa
     11.6 Latin America
             11.6.1 Brazil
                        11.6.1.1 Increasing Demand for the ALM Methodology Due to Wide Adoption Among Corporates in Brazil
             11.6.2 Mexico
                        11.6.2.1 Digital Advancements to Enable the ALM Market Growth in Mexico
             11.6.3 Rest of Latin America

12 Competitive Landscape (Page No. - 96)
     12.1 Competitive Leadership Mapping
             12.1.1 Visionary Leaders
             12.1.2 Innovators
             12.1.3 Dynamic Differentiators
             12.1.4 Emerging Companies
     12.2 Ranking of Key Players for the ALM Market, 2019

13 Company Profiles (Page No. - 99)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Micro Focus
     13.2 Broadcom
     13.3 Atlassian
     13.4 Microsoft
     13.5 IBM
     13.6 Siemens
     13.7 Intland
     13.8 Perforce
     13.9 Collabnet
     13.10 Inflectra
     13.11 Digite
     13.12 Rocket Software
     13.13 Techexcel
     13.14 Kovair Software
     13.15 Jama Software
     13.16 Dynatrace

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 136)
     14.1 Discussion Guide
     14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     14.3 Available Customizations
     14.4 Related Reports
     14.5 Author Details


List of Tables (71 Tables)

Table 1 United States Dollar Exchange Rate, 2016–2018
Table 2 Application Lifecycle Management Market: Use Cases
Table 3 Market Size By Solution, 2017–2024 (USD Million)
Table 4 Software: Market Size By Region, 2017–2024 (USD Million)
Table 5 Application Lifecycle Management Market Size, By Service, 2017–2024 (USD Million)
Table 6 Services: Market Size By Region, 2017–2024 (USD Million)
Table 7 Professional Services: Market Size By Type, 2017–2024 (USD Million)
Table 8 Professional Services: Market Size By Region, 2017–2024 (USD Million)
Table 9 Consulting Market Size, By Region, 2017–2024 (USD Million)
Table 10 System Integration and Deployment Market Size, By Region, 2017–2024 (USD Million)
Table 11 Support and Maintenance Market Size, By Region, 2017–2024 (USD Million)
Table 12 Managed Services: Market Size By Region, 2017–2024 (USD Million)
Table 13 Application Lifecycle Management Market Size, By Deployment Mode, 2017–2024 (USD Million)
Table 14 On-Premises: Market Size By Region, 2017–2024 (USD Million)
Table 15 Cloud: Market Size By Region, 2017–2024 (USD Million)
Table 16 Application Lifecycle Management Market Size, By Platform, 2017–2024 (USD Million)
Table 17 Web-Based Applications: Market Size By Region, 2017–2024 (USD Million)
Table 18 Mobile Applications: Market Size By Region, 2017–2024 (USD Million)
Table 19 Market Size By Organization Size, 2017–2024 (USD Million)
Table 20 Small and Medium-Sized Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 21 Large Enterprises: Market Size By Region, 2017–2024 (USD Million)
Table 22 Application Lifecycle Management Market Size, By Industry, 2017–2024 (USD Million)
Table 23 Banking, Financial Services, and Insurance: Market Size By Region, 2017–2024 (USD Million)
Table 24 Telecom and IT: Market Size By Region, 2017–2024 (USD Million)
Table 25 Media and Entertainment: Market Size By Region, 2017–2024 (USD Million)
Table 26 Retail and eCommerce: Market Size By Region, 2017–2024 (USD Million)
Table 27 Healthcare: Market Size By Region, 2017–2024 (USD Million)
Table 28 Manufacturing: Market Size By Region, 2017–2024 (USD Million)
Table 29 Energy and Utilities: Market Size By Region, 2017–2024 (USD Million)
Table 30 Others: Market Size By Region, 2017–2024 (USD Million)
Table 31 Application Lifecycle Management Market Size, By Region, 2017–2024 (USD Million)
Table 32 North America: Application Lifecycle Management Market Size, By Solution, 2017–2024 (USD Million)
Table 33 North America: Market Size By Service, 2017–2024 (USD Million)
Table 34 North America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 35 North America: Market Size By Platform, 2017–2024 (USD Million)
Table 36 North America: Market Size By Deployment, 2017–2024 (USD Million)
Table 37 North America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 38 North America: Market Size By Industry, 2017–2024 (USD Million)
Table 39 North America: Application Lifecycle Management Size, By Country, 2017–2024 (USD Million)
Table 40 Europe: Application Lifecycle Management Size, By Solution, 2017–2024 (USD Million)
Table 41 Europe: Application Lifecycle Management Market Size, By Service, 2017–2024 (USD Million)
Table 42 Europe: Market Size By Professional Service, 2017–2024 (USD Million)
Table 43 Europe: Market Size By Platform, 2017–2024 (USD Million)
Table 44 Europe: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 45 Europe: Market Size By Organization Size, 2017–2024 (USD Million)
Table 46 Europe: Market Size By Industry, 2017–2024 (USD Million)
Table 47 Europe: Application Lifecycle Management Size, By Country, 2017–2024 (USD Million)
Table 48 Asia Pacific: Application Lifecycle Management Size, By Solution, 2017–2024 (USD Million)
Table 49 Asia Pacific: Application Lifecycle Management Market Size, By Service, 2017–2024 (USD Million)
Table 50 Asia Pacific: Market Size By Professional Service, 2017–2024 (USD Million)
Table 51 Asia Pacific: Market Size By Platform, 2017–2024 (USD Million)
Table 52 Asia Pacific: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 53 Asia Pacific: Market Size By Organization Size, 2017–2024 (USD Million)
Table 54 Asia Pacific: Market Size By Industry, 2017–2024 (USD Million)
Table 55 Asia Pacific: Application Lifecycle Management Size, By Country, 2017–2024 (USD Million)
Table 56 Middle East and Africa Application Lifecycle Management Size, By Solution, 2017–2024 (USD Million)
Table 57 Middle East and Africa: Application Lifecycle Management Market Size, By Service, 2017–2024 (USD Million)
Table 58 Middle East and Africa: Market Size By Professional Service, 2017–2024 (USD Million)
Table 59 Middle East and Africa: Market Size By Platform, 2017–2024 (USD Million)
Table 60 Middle East and Africa: Market Size By Deployment, 2017–2024 (USD Million)
Table 61 Middle East and Africa: Market Size By Organization Size, 2017–2024 (USD Million)
Table 62 Middle East and Africa: Market Size By Industry, 2017–2024 (USD Million)
Table 63 Middle East and Africa: Application Lifecycle Management Size, By Country, 2017–2024 (USD Million)
Table 64 Latin America: Application Lifecycle Management Size, By Solution, 2017–2024 (USD Million)
Table 65 Latin America: Application Lifecycle Management Market Size, By Service, 2017–2024 (USD Million)
Table 66 Latin America: Market Size By Professional Service, 2017–2024 (USD Million)
Table 67 Latin America: Market Size By Platform, 2017–2024 (USD Million)
Table 68 Latin America: Market Size By Deployment Mode, 2017–2024 (USD Million)
Table 69 Latin America: Market Size By Organization Size, 2017–2024 (USD Million)
Table 70 Latin America: Market Size By Industry, 2017–2024 (USD Million)
Table 71 Latin America: Market Size By Country, 2017–2024 (USD Million)


List of Figures (35 Figures)

Figure 1 Application Lifecycle Management Market: Research Design
Figure 2 Market Top-Down and Bottom-Up Approaches
Figure 3 Factor Analysis
Figure 4 Application Lifecycle Management Market Size, 2017–2024
Figure 5 Software Segment to Lead the Market in 2019
Figure 6 On-Premises Segment to Account for A Higher Market Share in 2019
Figure 7 Telecom and IT Segment to Account for the Largest Market Size in 2019
Figure 8 Application Lifecycle Management Market: Regional Snapshot
Figure 9 Asia Pacific to Grow at the Highest CAGR From 2019 to 2024
Figure 10 Use of Application Lifecycle Management By Organizations to Help Take Better Decisions During Application Development to Drive Its Market Growth
Figure 11 Services Segment and the US to Account for the Highest Shares of the North America Application Lifecycle Management Market in 2019
Figure 12 Australia and New Zealand Projected to Grow at the Highest Rate During the Forecast Period
Figure 13 Drivers, Restraints, Opportunities, and Challenges: Application Lifecycle Management Market
Figure 14 Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 15 Managed Services Segment to Grow at A Higher CAGR During the Forecast Period
Figure 16 Cloud Segment to Grow at A Higher CAGR During the Forecast Period
Figure 17 Mobile Applications Segment to Grow at A Higher CAGR During the Forecast Period
Figure 18 Small and Medium-Sized Enterprises to Grow at the Highest CAGR From 2019 to 2024
Figure 19 Retail and eCommerce Industry to Grow at the Highest CAGR During the Forecast Period
Figure 20 Application Lifecycle Management Market in Asia Pacific to Grow at the Highest CAGR From 2019 to 2024
Figure 21 North America: Market Snapshot
Figure 22 Asia Pacific: Market Snapshot
Figure 23 ALM Market (Global) Competitive Leadership Mapping, 2019
Figure 24 Ranking of Key Players, 2019
Figure 25 Micro Focus: Company Snapshot
Figure 26 Micro Focus: SWOT Analysis
Figure 27 Broadcom: Company Snapshot
Figure 28 Broadcom: SWOT Analysis
Figure 29 Atlassian: Company Snapshot
Figure 30 Atlassian: SWOT Analysis
Figure 31 Microsoft: Company Snapshot
Figure 32 Microsoft: SWOT Analysis
Figure 33 IBM: Company Snapshot
Figure 34 IBM: SWOT Analysis
Figure 35 Siemens: Company Snapshot

The study involved 4 major activities to estimate the current size of the Application Lifecycle Management (ALM) market. Extensive secondary research was done to collect information on the Application Lifecycle Management Market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakup and data triangulation procedures were used to estimate the size of the segments and subsegments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers, Bloomberg Businessweek, and Factiva, have been referred to for identifying and collecting information for the study. The secondary sources included annual reports, press releases, and investor presentations of companies; whitepapers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; trade directories; and databases.

Primary Research

The Application Lifecycle Management Market comprises several stakeholders, such as service providers, solution vendors, system integrators, technology partners, consulting firms, research organizations, managed service providers, government agencies, financial bodies, resellers and distributors, enterprise users, and technology providers. The demand side of the market consists of financial institutions, investors, and insurance companies. The supply side includes ALM solution providers. Various primary sources from both supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the profile breakup of the primary respondents:

Application Lifecycle Management (ALM) Market

To know about the assumptions considered for the study, download the pdf brochure

Application Lifecycle Management Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the ALM market. The methods were also used extensively to estimate the size of various segments in the market. The research methodology used to estimate the market size includes the following:

  • Key players in the market have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakups have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both demand and supply sides.

Report Objectives

  • To determine and forecast the global Application Lifecycle Management Market by solution, platform, deployment mode, industry, organization size, and region from 2019 to 2024, and analyze the various macroeconomic and microeconomic factors that affect the market growth
  • To forecast the size of the market segments with respect to 5 main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
  • To analyze each submarket with respect to individual growth trends, prospects, and contributions to the overall ALM market
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the ALM market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of the APAC market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the MEA market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size
  • Detailed analysis and profiling of additional market players (up to 5)

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Report Code
TC 6107
Published ON
Jun, 2019
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