The Application Lifecycle Management Global Market Report 2023 by The Business Research Company, provides application lifecycle management market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.
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According to The Business Research Company’s Application Lifecycle Management Global Market Report 2023, the market size is expected to grow from$4.34 billion in 2022 to $4.69 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the application lifecycle management is expected to grow to $6.27 billion in 2027 at a CAGR of 7.5%.
The rapid adoption of mobile devices is expected to propel the growth of the application lifecycle management market going forward. A mobile device refers to a small, hand-held device that has a display screen with touch input and provides users with telephony capabilities. Application lifecycle management helps in ease of use for mobile applications and also helps in mobile testing and quality management.
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The application lifecycle management market is segmented:
1) By Solution: Software, Services
2) By Deployment: On-Premises, Cloud
3) By Organisation Size: Small and Medium-Sized Enterprises (SMEs), Large Snterprises
4) By Industry Vertical: Banking, Financial Services, and Insurance (BFSI), Telecom and IT, Media and Entertainment, Retail and eCommerce, Healthcare, Manufacturing, Energy and Utilities, Other Industry Verticals
New product innovations have emerged as the key trend gaining popularity in the application lifecycle management market. Major companies operating in the market are introducing new innovative products to sustain their position in the market. For instance, in January 2020, Inflectra, a US-based company that develops application lifecycle management software, launched the latest version of the application lifecycle management SpiraTeam platform, the SpiraTest system. The new version of SpiraPlan v6.3 provides several key enhancements, such as saved views, shareable folders, new document upload controls, and major usability and performance enhancements.
The application lifecycle management market report table of contents includes:
1. Executive Summary
2. Application Lifecycle Management Market Characteristics
3. Application Lifecycle Management Market Trends And Strategies
4. Application Lifecycle Management Market – Macro Economic Scenario
5. COVID-19 Impact On Application Lifecycle Management Market
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26. Africa Application Lifecycle Management Market
27. Application Lifecycle Management Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Application Lifecycle Management Market
29. Application Lifecycle Management Market Future Outlook and Potential Analysis
30. Appendix
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