Application Lifecycle Management Market Growing at CAGR of 7.1%: Key Players Micro Focus, Broadcom,
Sheetal2312 May, 2025Technology
Application Lifecycle Management (ALM) is the process of maintaining a software, right from idea conception, requirement management, designing, development, testing, and deployment to support and retirement of systems. ALM is conducted across 3 phases of the application lifecycle: governance, deployment, and operations. The global Application Lifecycle Management Market size is projected to grow from USD 3.1 billion in 2019 to USD 4.5 billion by 2024, at a CAGR of 7.1% from 2019 to 2024.
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