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(IT-NEWSWIRE.COM, April 16, 2020 ) The ongoing COVID-19 pandemic—and the worldwide reaction to it—has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic.
At MarketsandMarkets™, analysts are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Application Lifecycle Management Market. We are working diligently to help companies take rapid decisions by studying:
• The impact of COVID-19 on the Application Lifecycle Management Market, including growth/decline in product type/use cases due to the cascaded impact of COVID-19 on the extended ecosystem of the market
• The rapid shifts in the strategies of the Top 50 companies in the Application Lifecycle Management Market
• The shifting short-term priorities of the top 50 companies’ clients and their client's clients
You can request an in-depth analysis detailing the impact of COVID-19 on the Application Lifecycle Management Market @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=164601743
The report "Application Lifecycle Management Market by Solution (Software and Services), Platform (Web-Based Applications and Mobile-Based Applications), Deployment mode (On-premise and Cloud), Organization Size, Industry and Region - Global Forecast to 2024", is projected to grow from USD 3.1 billion in 2019 to USD 4.5 billion by 2024, at a Compound Annual Growth Rate (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.
Large enterprises segment to hold a larger market size in 2019
The ALM software helps large enterprises automate and centralize development, quality, project, and resource management metrics in a unified dashboard, which is critical to a product team and the overall organization’s demonstration of quality and agility. The demand for flexible, scalable, and convenient services by large enterprises is expected to encourage the market players to come up with newer technologies and innovative solutions.
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=164601743
North America to hold the largest market size during the forecast period
North America has always been an innovative and competitive ground for every technology. The region remains one of the fastest in the adoption of innovative technologies. Currently, the US holds the highest share in the ALM market, due to various factors, such as the presence of several enterprises with advanced IT infrastructure and the availability of technical expertise. Furthermore, the growth of the market in the US can be attributed to several initiatives taken by the government of the country to carry out industrial digitalization, as well as rapid technological innovations and increased use of connected devices taking place in the US. Presence of leading companies such as Microsoft, Broadcom, and IBM has fueled innovations in the ALM market, whereas startup companies, including Perforce, CollabNet, Inflectra, and Digité, have contributed to the growth of the market to a large extent. North America in the coming years is projected to continue its lead in the ALM market.
Market Players
Key market players profiled in this report include Atlassian(Australia), IBM(US), Microsoft(US), Micro Focus(UK), CollabNet(US), Broadcom(US), Digite(US), Inflectra(US), Intland(Germany), Perforce(US), and Siemens(Germany).
Browse Complete Report @ https://www.marketsandmarkets.com/Market-Reports/application-lifecycle-management-alm-market-164601743.html
About MarketsandMarkets™:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
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Mr. Sanjay Gupta
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raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
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