Global Application Lifecycle Management market to grow at a CAGR of 4.51 percent over the period 2013-2018.

Deerfield Beach, FL -- (SBWire) -- 07/20/2015 --Global Application Lifecycle Management Market 2014-2018

Application lifecycle management is the coordination of development lifecycle activities, including requirements, modeling, and development, built and testing through process automation, traceability, and reporting. Process automation is the enforcement of processes; traceability defines the management of relationships between development lifecycle activities. Reporting is based on objective data. The use of application lifecycle management helps organizations increase the accountability of lifecycle activities. It also helps improve compliance with regulations. Application lifecycle management describes methods to manage software development by automating the processes from end to end, and generating and reshaping the information from various steps.

Global Application Lifecycle Management market to grow at a CAGR of 4.51 percent over the period 2013-2018.

About the Report
The report focuses on the need to increase ROI from various IT initiatives. ALM helps develop software that can manage and integrate information step by step so as to maintain accuracy in the process.

The report also discusses demand for higher quality software, thus making it crucial for organizations to optimize their applications.

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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Application Lifecycle Management market for the period 2014-2018. To calculate the market size, the report considers revenue generated through enterprise services, software licenses, support and maintenance, updates, and subscription.

Global Application Lifecycle Management Market 2014-2018, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, and the APAC and EMEA regions; it also covers the Global Application Lifecycle Management market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

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"Growing pressure for high quality, high productivity software is driving the Global Application Lifecycle Management Market. ALM applications offer opportunities to build better software by improving quality, reducing cost and maximizing resources. It also provides traceability that tracks quality, avoids rework and delivers accurate products that serve specific business requirements,".