Application Lifecycle Management (ALM) is a process used to coordinate and manage the different phases of software development. The Application Lifecycle Management (ALM) market is growing dynamically. Its market size is already $4B and has an annual growth rate of +8%.
Companies start to consider implementing an ALM software solution to gain parallel access to documents and work items; and to keep track and maintain an overview of frequent changes of dependent artifacts. This is particularly true if they have to be compliant with complex industry standards, both companies and development teams, of any size value ALM software for its document handling technology.
Where the software development lifecycle (SDLC) only “applies” for the development process, ALM Software is for the entire Application LIfecycle from planning to implementation. ALM software solutions help software development teams to manage their processes from defining requirements to delivering releases and organizations to meet business goals. ALM software solutions were primarily used in software development but today ALM software solutions are present in many industries including Automotive, Medical or even Sales and Marketing. Download our ALM guide and learn why Application Lifecycle Management Software Solution is Not Just for Software Engineers.