London, 01 October 2014 – TechNavio, a global tech-focused research firm has announced the publication of its market research report on the Global Application Lifecycle Management Market 2014-2018.
About Application Lifecycle Management (ALM)
ALM is a coordination of development lifecycle activities, including requirements, modeling, building and testing through process automation, traceability and reporting. ALM describes methods to manage software development by automating the processes from end to end, as well as generating and reshaping the information from various steps. The latest report by TechNavio focuses on market conditions contributing to a CAGR of 4.51 percent from 2013-2018.
About the Report
The TechNavio report focuses on the need to increase ROI from various IT initiatives. ALM helps develop software that can manage and integrate information step by step so as to maintain accuracy in the process.
The report also discusses demand for higher quality software, thus making it crucial for organizations to optimize their applications.
“Growing pressure for high quality, high productivity software is driving the Global Application Lifecycle Management Market. ALM applications offer opportunities to build better software by improving quality, reducing cost and maximizing resources. It also provides traceability that tracks quality, avoids rework and delivers accurate products that serve specific business requirements,” says Faisal Ghaus, Vice President of TechNavio.
Key Information Covered in the Report:
Market segmentation, size and forecast through 2018
Market Growth Drivers:
- Increased Return on Investment from IT Initiatives
- For a full detailed list, view our report.
Market Challenges:
- Lack of Visibility and Traceability into Project Status
- For a full detailed list, view our report.
Market Trends:
- Increased Complexity in Software Industry
- For a full detailed list, view our report.
Key Vendors:
- Atlassian Corp. Pty. Ltd.
- Hewlett-Packard Co.
- International Business Machines Corp.
- Microsoft Corp.
Other Prominent Vendors:
- CollabNet
- Micro Focus
- Parametric Technology
- Rally Software Development
https://www.technavio.com/%3Cp%3E%3Ca%20href%3D%22http%3A//www.technavio….
