New York, Aug. 05, 2019 (GLOBE NEWSWIRE) -- The growth of the market is governed by various factors such as growing demand for consumer electronics and increasing demand for cloud-based software
The Application Lifecycle Management (ALM) Market is expected to reach USD 5.00 Billion by 2026, according to a new report by Reports and Data. Application lifecycle management (ALM) is an IT Governance system to manage the deployment, implementation, and support of software applications. ALM incorporates all aspects of the application phases, including integration, solution design, configuration management, requirements definition, customizations, maintenance, testing, project management, change management, and release management. As businesses continue methods globally, enabled by ERP applications, the management of IT Controls across multiple sites is complex and resource-intensive for large enterprises.
Due to the presence of advanced economies, like the United States (US) and Canada, North America is estimated to hold the largest share of 31.3% in 2018. North America is the most developed region in the market, as almost all large enterprises are located in this region. Due to the growing demand for digital appearance of business, the key players are investing profoundly in developing user-friendly and cost-efficient application lifecycle management platforms. With the implementation of technologies like Artificial Intelligence, Machine Learning, and IoT, manufacturers can leverage the maximum benefits of the global application lifecycle management (ALM) market during the forecast period.
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Further key findings from the report suggest
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/application-lifecycle-management-market
Segments covered in the report:
For the purpose of this study, Reports and Data have segmented the market on the basis of Deployment, Solution, Organization size, End User, Platform and region:
Deployment Outlook (Revenue, USD Million; 2018-2026)
Solution Outlook (Revenue, USD Million; 2018-2026)
Organization size Outlook (Revenue, USD Million; 2018-2026)
End User Outlook (Revenue, USD Million; 2018-2026)
Platform Outlook (Revenue, USD Million; 2018-2026)
Regional Outlook (Revenue, USD Billion; 2016-2026)
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