Insights
Elevate ALM tools and practices – Automated Solution Approach
Application Lifecycle Management (ALM) tools encompass people, tools, and processes for managing software development from continuous requirements to its development, testing, deployment, and maintenance. ALM tools are transforming software development by enhancing efficiency, quality, end-to-end traceability and collaboration among different teams.
Adopting agile processes has accelerated the implementation and usage of ALM tools among enterprises across industries. The market size of leading ALM tools is projected to grow at a CAGR of 7% from 2023 (~4B USD) to 2035 (~9B USD).
As adoption increases, enterprises struggle to harness the full capabilities of these tools efficiently across teams. The process and technical maturity level of effective tool usage is very low. Our experience with clients and study of market trends shows some of the critical challenges faced in ALM implementation and usage.
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