DUBLIN--(BUSINESS WIRE)--The "Application Lifecycle Management (ALM) Market by Solution, Platform Deployment Mode, Organization Size, Industry, and Region - Global Forecast to 2022" report has been added to ResearchAndMarkets.com's offering.
The ALM market size 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.
This growth is expected to be fuelled by the digital transformation across various verticals, the increasing adoption of Agile and DevOps, and the emergence of advanced ALM intelligence. However, with the presence of large players and open source ALM providers, the market is expected to be highly competitive.
As per the geographic analysis, the APAC region is expected to witness the fastest growth rate in the ALM market, due to the region's nature of rapidly adopting new technologies, making higher investments in digital transformation, and its aim at increasing the Gross Domestic Product (GDP). Major countries that have the potential in this region include Australia, Singapore, China, Korea, Hong Kong, and India. These countries are rapidly investing in technological transformation.
The growth in this region is expected to be driven by the presence of half of the world's mobile users, the largest number of social media users, the rising trend of the online shopping experience, and the increasing internet connection and speed. All these factors are expected to contribute to the growth of the ALM market in the APAC region.
The large enterprises and Small and Medium-sized Enterprises (SMEs) in APAC are acknowledging the importance of ALM software and focusing on the deployment of dedicated ALM software to facilitate affordable applications and efficiently serve their customers' requirements.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6 Application Lifecycle Management Market, By Solution
7 Application Lifecycle Management, By Deployment Mode
8 Application Lifecycle Management Market, By Platform
9 Market By Organization Size
10 Application Lifecycle Management Market, By Industry
11 Application Lifecycle Management Market, By Region
12 Competitive Landscape
13 Company Profiles
- CA Technologies
- Micro Focus
- Siemens PLM
For more information about this report visit https://www.researchandmarkets.com/research/qp9ndz/global?w=4