This week, Transparency Market Research announced a research report projecting that the Application Lifecycle Management (ALM) market will reach $4.39 billion in revenue by 2023. The report, which provides in-depth analysis of the prevalent trends and technologies in the ALM market worldwide, argues that “the integration of ALM is necessary” for businesses to develop the best virtual methods for different phases of the software application process and cites increased efficiency, agility and resource utilization as some of the key benefits of the process.
Knowing the growing importance of ALM tools, I wrote an article for CM Crossroads that published last week detailing the benefits of ALM, as well as some key approaches to implementing ALM methods in the enterprise.
It’s important to research before implementation to ensure you’re choosing the right tools and methods for the type of application you’re building. The idea is to integrate as many tools and processes as possible into a unified workflow.
Some of the key points from the article include:
- ALM relies on automation, integration and a coordinated approach to optimize software development processes and make them more seamless.
- ALM now serves to connect the development lifecycle and the people and processes responsibility for timely software delivery.
- A key to successful ALM, whether for Agile or DevOps programs, is maintaining contextual visibility and traceability across tool chains and retaining project and event context.
As the influence of the ALM market continues to grow, especially in the age of Agile and DevOps, it’s now more important than ever to understand the core principals of the methodology. Having the right tools at your disposal helps enterprises to increase collaboration across business functions and reduce bottlenecks that are slowing down the pace of innovation.
You can read the full article here.