Sheetal2330 Jun, 2025Technology
The global market for Application Lifecycle Management (ALM) is expected to grow from USD 4.35 billion in 2024 to USD 6.58 billion by 2029, reflecting a compound annual growth rate (CAGR) of 8.6%. This growth is driven by the increasing complexity of modern software ecosystems, which now rely heavily on microservices, APIs, and cloud-native architectures. To manage this complexity, organizations are turning to ALM tools that streamline the development, integration, and maintenance of applications. These tools support efficient collaboration, version control, and automated testing, making it easier to manage interdependencies between modular services.
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