Market Overview:
The global application lifecycle management (ALM) software market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for ALM software in various industries such as automotive and transportation, aerospace and defense, BFSI, energy and utilities, retail, healthcare, IT and telecom, among others. Additionally, the growing trend of digital transformation is also fueling the demand for ALM software across different industry verticals. On the basis of type, the global application lifecycle management (ALM) software market can be segmented into single function ALM software and multiple functions ALMsoftware. The single function ALMsolution are used for managing a specific phase or stage of product development life cycle such as requirements gathering & definition phase or design & development phase only.
 Software Industry Outlook.svg)
Product Definition:
Application Lifecycle Management (ALM) software is a term used to describe the various tools and processes used by an organization to manage the lifecycle of their applications. This includes everything from requirements gathering and design, through development, testing, deployment, and ongoing maintenance.
Single Function:
Single function is a software capability that helps in performing one specific task and has no other functionalities. It can be used to automate single step or multiple steps in a process. Single function software is widely used by companies for various purposes such as record keeping, data processing, system integration and many more.
Multiple Functions:
Multiple functions is a set of tools and technologies that help in improving the quality, reducing the time to market, increasing productivity and enabling collaboration among teams. Multiple functions ALM software helps organizations achieve these benefits by providing solutions for issues such as release management, requirement management, project management and product lifecycle management. The companies are focusing on implementing multiple functionalities in their ALM software so that it can cater to different sets of needs of customers while maintaining simplicity.
Application Insights:
The application segment is segregated into seven sub-segments, namely automotive and transportation, aerospace and defense, banking, financial services and insurance (BFSI), energy and utilities, retail industry. The BFSI sector accounted for the largest market share in 2017. Automotive manufacturers are increasingly realigning their supply chains with the aim of reducing lead time as well as increasing flexibility to react to changing consumer requirements quickly. This has led them to adopt ALM software that helps them manage across the entire lifecycle of an application from design through maintenance phases.
The retail industry is expected to witness substantial growth over the forecast period owing to increased penetration of smartphones coupled with rising consumer disposable income levels in developing regions such as Asia Pacific and Latin America. Moreover, e-commerce has revolutionized shopping experience by providing customers easy access to a wide range of products at lower costs through distribution centers located near major population hubs around the world which includes North America (U.S.
Regional Analysis:
The North American region dominated the market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing investments in R&D, presence of key industry players, and adoption of ALM solutions by large enterprises. Moreover, growing demand for cloud-based ALM software is further propelling the regional market growth.
The Asia Pacific region is anticipated to witness significant growth over the forecast period owing to increased focus on digital transformation across various industries in this region. Furthermore, rising penetration of smartphones and rapid technological advancements are also contributing towards regional market growth. Increasing number of small & medium enterprises (SMEs) are adopting these solutions due to cost benefits offered by these tools as compared to custom built applications or web based applications developed using traditional methodsologies which makes it a lucrative segment for global vendors operating in this space offering ALM software products with integrated development environment (IDE).
Growth Factors:
- Increased demand for agile and DevOps methodologies: The increased demand for agile and DevOps methodologies is one of the primary growth drivers for the ALM software market. Organizations are increasingly adopting these methodologies to speed up the software development process.
- Proliferation of mobile devices and BYOD policies: The proliferation of mobile devices and BYOD policies is another major growth driver for the ALM software market. With employees bringing their own devices to work, organizations need to ensure that their applications are compatible with a variety of platforms and devices.
- Emergence of cloud-based ALM solutions: The emergence of cloud-based ALM solutions is another key growth driver for this market. Cloud-based solutions offer several advantages over traditional on-premises solutions, including lower costs, scalability, and ease of use/deployment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Application Lifecycle Management (ALM) Software Market Research Report
By Type
Single Function, Multiple Functions, Application Lifecycle Management (ALM) Softwar
By Application
Automotive and Transportation, Aerospace and Defense, BFSI, Energy and Utilities, Retail, Healthcare, IT and Telecom, Others
By Companies
HP, Atlassian, Techexcel, IBM, Microsoft, Rocket Software, Enalean, Application Lifecycle Management (ALM) Softwar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Application Lifecycle Management (ALM) Software Market Report Segments:
The global Application Lifecycle Management (ALM) Software market is segmented on the basis of:
Types
Single Function, Multiple Functions, Application Lifecycle Management (ALM) Softwar
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive and Transportation, Aerospace and Defense, BFSI, Energy and Utilities, Retail, Healthcare, IT and Telecom, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- HP
- Atlassian
- Techexcel
- IBM
- Microsoft
- Rocket Software
- Enalean
- Application Lifecycle Management (ALM) Softwar
 Software Market Overview.svg)
Highlights of The Application Lifecycle Management (ALM) Software Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Single Function
- Multiple Functions
- Application Lifecycle Management (ALM) Softwar
- By Application:
- Automotive and Transportation
- Aerospace and Defense
- BFSI, Energy and Utilities
- Retail
- Healthcare
- IT and Telecom
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Application Lifecycle Management (ALM) Software Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Software Market Statistics.svg)
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Application Lifecycle Management (ALM) software is a suite of tools used to manage the lifecycle of software applications. This includes planning, designing, developing, testing and deploying the applications.
Some of the major companies in the application lifecycle management (alm) software market are HP, Atlassian, Techexcel, IBM, Microsoft, Rocket Software, Enalean, Application Lifecycle Management (ALM) Softwar.
The application lifecycle management (alm) software market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Application Lifecycle Management (ALM) Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Application Lifecycle Management (ALM) Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Application Lifecycle Management (ALM) Software Market - Supply Chain
4.5. Global Application Lifecycle Management (ALM) Software Market ForecastLifecycle Management (ALM) Software Market Size (US$ Mn) and Y-o-Y GrowthLifecycle Management (ALM) Software Market Size (000 Units) and Y-o-Y GrowthLifecycle Management (ALM) Software Market Absolute $ Opportunity
5. Global Application Lifecycle Management (ALM) Software Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Type
5.3.1. Single Function
5.3.2. Multiple FunctionsLifecycle Management (ALM) Softwar
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Application Lifecycle Management (ALM) Software Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Application
6.3.1. Automotive and Transportation
6.3.2. Aerospace and Defense
6.3.3. BFSI, Energy and Utilities
6.3.4. Retail
6.3.5. Healthcare
6.3.6. IT and Telecom
6.3.7. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Application Lifecycle Management (ALM) Software Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Application Lifecycle Management (ALM) Software Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Application Lifecycle Management (ALM) Software Demand Share Forecast, 2019-2026
9. North America Application Lifecycle Management (ALM) Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Application
9.4.1. Automotive and Transportation
9.4.2. Aerospace and Defense
9.4.3. BFSI, Energy and Utilities
9.4.4. Retail
9.4.5. Healthcare
9.4.6. IT and Telecom
9.4.7. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Type
9.7.1. Single Function
9.7.2. Multiple FunctionsLifecycle Management (ALM) Softwar
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Application Lifecycle Management (ALM) Software Demand Share Forecast, 2019-2026
10. Latin America Application Lifecycle Management (ALM) Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Application
10.4.1. Automotive and Transportation
10.4.2. Aerospace and Defense
10.4.3. BFSI, Energy and Utilities
10.4.4. Retail
10.4.5. Healthcare
10.4.6. IT and Telecom
10.4.7. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Type
10.7.1. Single Function
10.7.2. Multiple Functions
Lifecycle Management (ALM) Softwar
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Application Lifecycle Management (ALM) Software Demand Share Forecast, 2019-2026
11. Europe Application Lifecycle Management (ALM) Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Application
11.4.1. Automotive and Transportation
11.4.2. Aerospace and Defense
11.4.3. BFSI, Energy and Utilities
11.4.4. Retail
11.4.5. Healthcare
11.4.6. IT and Telecom
11.4.7. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Type
11.7.1. Single Function
11.7.2. Multiple Functions
Lifecycle Management (ALM) Softwar
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Application Lifecycle Management (ALM) Software Demand Share, 2019-2026
12. Asia Pacific Application Lifecycle Management (ALM) Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Application
12.4.1. Automotive and Transportation
12.4.2. Aerospace and Defense
12.4.3. BFSI, Energy and Utilities
12.4.4. Retail
12.4.5. Healthcare
12.4.6. IT and Telecom
12.4.7. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Type
12.7.1. Single Function
12.7.2. Multiple Functions
Lifecycle Management (ALM) Softwar
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Application Lifecycle Management (ALM) Software Demand Share, 2019-2026
13. Middle East & Africa Application Lifecycle Management (ALM) Software Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Application
13.4.1. Automotive and Transportation
13.4.2. Aerospace and Defense
13.4.3. BFSI, Energy and Utilities
13.4.4. Retail
13.4.5. Healthcare
13.4.6. IT and Telecom
13.4.7. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Application Lifecycle Management (ALM) Software Market Size and Volume Forecast by Type
13.7.1. Single Function
13.7.2. Multiple Functions
Lifecycle Management (ALM) Softwar
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Application Lifecycle Management (ALM) Software Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Application Lifecycle Management (ALM) Software Market: Market Share Analysis
14.2. Application Lifecycle Management (ALM) Software Distributors and Customers
14.3. Application Lifecycle Management (ALM) Software Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. HP
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Atlassian
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Techexcel
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. IBM
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Microsoft
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Rocket Software
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Enalean
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
Lifecycle Management (ALM) Softwar
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3.&
