LONDON--(BUSINESS WIRE)--#ApplicationLifecycleManagementMarket--The global application lifecycle management market size is poised to grow by USD 1.78 billion during 2020-2024, progressing at a CAGR of over 9% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The application lifecycle management market is driven by the growing demand for SaaS-based ALM. Most organizations try to modify their customer experience, accelerate time to market, deliver new services faster, and enter new markets. SaaS-based ALM enables enterprises to gain productivity enhancement through scheduled software upgrades with no application downtime and expensive diversion of resources. SaaS-based ALM offers a collaborative environment for managing the entire software development process. Furthermore, the capability of SaaS-based ALM to detect bugs in advance and correct them will propel the growth of the ALM market.

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Report Highlights:

• The major application lifecycle management market growth came from the on-premises deployment model segment.
• North America was the largest application lifecycle management market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to factors such as the need to improve business processes to enhance customer satisfaction and gain a competitive advantage.
• The global application lifecycle management market is fragmented. Atlassian Corp. Plc, Broadcom Inc., CollabNet Inc., HP Inc., International Business Machines Corp., Micro Focus International Plc, Microsoft Corp., Perforce Software Inc., SAP SE, and Siemens AG. are some of the major market participants. To help clients improve their market position, this application lifecycle management market forecast report provides a detailed analysis of the market leaders.
• As the business impact of COVID-19 spreads, the application lifecycle management market 2020-2024 is expected to have neutral growth. As the pandemic spreads in some regions and plateaus in other regions, we revaluate the impact on businesses and update our report forecasts.

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Increasing Use of ALM to Attain Improved Cost-Saving in Businesses will be a Key Market Trend

The increasing use of ALM to attain improved cost-saving in businesses is one of the major trends driving application lifecycle management market growth. ALM enables the centralized management of project portfolios, which reduces costs and provides on-time services to markets. In globalized business environments, the management of IT infrastructure across various sites is difficult and resource-intensive for large enterprises. Moreover, through centralization, application management services provide organizations with more efficient problem-solving capabilities and system maintenance at a relatively low cost. Furthermore, developments in various projects can be tracked at a rapid pace, which enhances the processing speed and response time. Such advantages of ALM will drive ALM market growth during the forecast period.

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Application Lifecycle Management Market 2020-2024: Key Highlights

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will assist application lifecycle management market growth during the next five years
• Estimation of the application lifecycle management market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the application lifecycle management market
• Analysis of the market�s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of application lifecycle management market vendors

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Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Deployment

• Market segments
• Comparison by Deployment
• On-premise - Market size and forecast 2019-2024
• Cloud-based - Market size and forecast 2019-2024
• Market opportunity by Deployment

Customer landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers � Demand led growth
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Atlassian Corp. Plc
• Broadcom Inc.
• CollabNet Inc.
• HP Inc.
• International Business Machines Corp.
• Micro Focus International Plc
• Microsoft Corp.
• Perforce Software Inc.
• SAP SE
• Siemens AG

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio�s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio�s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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