Service Lifecycle Management (SLM) Application Market means the segment of the market which deals with those applications that enable a company to manage the whole life cycle of delivering service to its customers. Some of these applications are in service design, service delivery, service operations and customer care support. They assist organisations to be in a position to guarantee that their services are maintained, developed, and delivered in response to customer requirements and needs, which assist in monitoring all the processes starting from the creation of a certain service up to its halt.