HOME Research Insight New Product Launches. the Strategy of New Product Launches has been the Major Growth Strategy Followed by Partnerships, Agreements, and Collaborations. in the Application Lifecycle Management (ALM) Market



New Product Launches. the Strategy of New Product Launches has been the Major Growth Strategy Followed by Partnerships, Agreements, and Collaborations. in the Application Lifecycle Management (ALM) Market


The Application Lifecycle Management (ALM) market is expected to grow from USD 2.58 Billion in 2017 to USD 3.63 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 7.0% during the forecast period. The major drivers that are expected to propel the growth of the the ALM market are the increasing need for streamlining complex application developments and their life cycles and shift from the Waterfall to the Agile ALM development methodology. The increasing focus of organizations on accelerating the time-to-market is expected to be driving the ALM market.

The   major   vendors   covered   in   the   ALM market include Atlassian (Australia), IBM (US), Microsoft (US), Micro Focus (UK), CollabNet (US), CA Technologies (US), Digite (US), Inflectra (US), Intland Software (Germany), Perforce (US), and Siemens (Germany). These players offer ALM software and services, catering to the needs and demands of the market. They have adopted various growth strategies, such as partnerships, agreements, and collaborations; business expansions; and new product launches. The strategy of new product launches has been the major growth strategy followed by partnerships, agreements, and collaborations.

Atlassian is one of the prominent providers of application lifecycle tracking, collaboration, communication, service management, and application development products. The company has adopted a mix of organic and inorganic growth strategies, such as new product launches, partnerships, mergers and acquisitions, and business expansions. For instance, in February 2017, the company acquired Trello, a leading provider of project management and organization software. The company invested USD 384 million for the acquisition, thereby expanding its capabilities in project management, content creation, and communication products.

Perforce is the largest pure-play software provider and service provider for ALM. The company has mainly focused on inorganic growth strategies to sustain in this market. For instance, in October 2017, Perfsorce partnered with Trace3, a provider of IT solutions and consultation services, helping customers optimize their technological developments and delivery processes, so that they can release software/application faster and more often. The partnership aims at addressing customers’ challenges in managing complex DevOps implementations, transitioning to Agile development methodologies, enhancing modern development workflows, and automating continuous integration pipelines.

Related Reports:

Application Lifecycle Management (ALM) Market by Solution (Software, and Services), Platform (Web-Based Applications, and Mobile Applications), Deployment Mode (On-Premises, and Cloud), Organization Size, Industry, and Region - Global Forecast to 2022

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