The Global Application Lifecycle Management market is to grow at a CAGR of 4.24 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing focus of organizations on real-time decision making. The Global Application Lifecycle Management market has also been witnessing the increasing adoption of ALM by medium-sized enterprises. However, the slow return on investment could pose a challenge to the growth of this market.
The emergence of cloud-based solutions has enabled organizations to increase their efficiency and reduce the cost of deploying valuable IT infrastructure. However, many organizations are still analyzing the feasibility and relevance of such cloud computing solutions to their IT operations. The cloud-based model for application lifecycle management (ALM) offers a pay-per-use model, which provides cost-effective accessibility and a paradigm whereby the ALM solution can be accessed at any time and in any place by multiple users. Hence, the Global ALM market is witnessing a trend where many vendors in the market have begun to offer their solutions through the cloud-based model to expand their services and enter new markets. Although many enterprises have an increased understanding of the benefits of cloud-based ALM solutions, a number of concerns and risks, particularly around data sharing and security, are affecting the steady adoption of such solutions.
One of the major drivers in the market is the increasing focus of organizations on real-time decision making. An ALM solution provides flexible, integrated, real-time decision-making support for top management and improves responsiveness across an organization. It also enables comprehensive and integrated management of related businesses and corresponding data.
The key vendors dominating this market space are Atlassian Corp. Pty. Ltd., Hewlett-Packard Co., IBM Corp., and Microsoft Corp. The other vendors mentioned in the report are CollabNet Inc., Rally Software Development Corp., Parametric Technology Corp., Microfocus Inc., Serena Software Inc., Polarion Software Inc., VersionOne Ltd., Rocket Software Inc., ThoughtWorks Inc., and Parasoft Corp.
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