The
modern process of software management and the way software systems are
maintained and delivered by device development and IT organizations across the
globe has become astoundingly complex. An increasing number of organizations
nowadays face hastened delivery schedules due to the mounting competitive
pressures and the rising demand for innovation. Teams challenged by the falling
time to delivery are required to focus on process improvement and innovation
without sacrificing quality or increasing the expenditure on software
development. This can be achieved by improving the overall application
lifecycle management (ALM).
Market for ALM Gains
Impetus from Rising Uptake of Mobile Devices
The
rapidly increasing uptake of mobile devices and the corresponding rise in the
number of browsers and platforms globally have led to the creation of a large
number of mobile applications requiring an efficient application development
lifecycle. This subsequently increases the demand for ALM solutions around the
world. The rising demand for better engineering productivity and greater
efficiency across teams is the prime factor boosting demand from the global ALM
solutions market.
An
efficient ALM system makes development, quality assurance, and engineering
teams more productive and enables them to deliver quick output, thereby
enhancing efficiency across software development teams. Proper implementation
of an ALM system also ensures accurate allocation of technology and human
resources. The market for ALM also gains impetus from the aging of the system
development lifecycle (SDLC) infrastructure, since SDLC has inflexible
procedures and a rigid design for segmenting the projects into various stages,
which in turn makes estimating the time and budget required during various
stages of the project even more difficult.
Global ALM Market to
Exhibit 8.9% CAGR between 2015 and 2023
According
to a report published by Transparency Market Research, the global ALM market
generated US$2 bn in terms of revenue in 2014. Rising at a CAGR of 8.9% from
2015, the market is expected to reach US$4.4 bn by the end of 2023.
The
most crucial benefit offered by ALM solutions is helping coordinate processes,
people, tools, and information involved in the project. These solutions are
often tailor-made to deliver innovation to business stakeholders.
Global ALM Market
Driven by Latest Innovations Ensuring Better Efficiency in Project Management
Modern
software development processes are no longer restricted by discrete ALM/SDLC
steps managed by teams from different locations using multiple tools. Real-time
access to a centralized data repository, collaborations, cross-project
visibility and cross-tool, better reporting, and better project management are
considered crucial for developing quality software in less time.
This
has resulted in the rising practice of integrated application lifecycle
management, or integrated ALM, where users and the tools they use are
synchronized with each other throughout all the stages of application. This
innovation is intended to enable every team member to stay aware of the changes
taking place during the development process. It therefore helps in ensuring
that there are no last-minute delivery delays.
Some
of the most prominent companies providing the latest and most sophisticated ALM
solutions in the market are IBM Corporation, Atlassian Corporation Plc, HP
Development Company, Inflectra Corporation, CollabNet, Inc., VersionOne, Inc.,
Micro Focus International plc, L.P., Polarion Software GmbH., Parasoft
Corporation, and Microsoft Corporation.
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