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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 CAGR of 7.1% from 2019 to 2024The shift from Waterfall development model to Agile development model to drive the ALM market Read the full report: https://www.reportlinker.com/p05365427/?utm_source=PRN NEW YORK, Jan. 23, 2020 /PRNewswire/ -- 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 CAGR of 7.1% from 2019 to 2024. Major growth factors for the market include an increase in the adoption rate of ALM tools to shorten the release time and time-to-market, and adoption of new methodologies, such as Agile and DevOps, to leverage customer experience. Software segment to hold a larger market size in 2019 The deployment of ALM software with the help of agile and DevOps technology improves communication and collaboration between teams. The telecom and IT industry is playing a critical role in enabling the digital revolution with the help of ALM.The ALM approach helps enable digitalization. Moreover, the ALM software helps the industry in improving the predictability of the software in time, scope, quality, and cost through qualitative and quantitative data, resulting in tens of thousands of dollar savings annually. Telecommunication operators and carriers are adopting the ALM software to bring agility in telecom operations. APAC to register the highestgrowth rate during the forecast period • By Company Type: Tier 1 – 40%, Tier 2 – 25%, and Tier 3 – 35% • By Designation: C-level – 40%, Director Level – 30%, and Others – 30% • By Region: North America – 50%, Europe – 15%, APAC – 25%, RoW – 10% Major vendors offering ALM solutions 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 study includes an in-depth competitive analysis of the key market players along with their company profiles, recent developments, and key market strategies. Research Coverage The study also includes an in-depth competitive analysis of the key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies. Key Benefits of Buying the Report The report will also help stakeholders understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities. Read the full report: https://www.reportlinker.com/p05365427/?utm_source=PRN About Reportlinker __________________________ SOURCE Reportlinker |