SDLC models are important in the Software Development Life Cycle (SDLC). Implementing SDLC models provides a structured approach to the software development process, guiding teams through the various phases of the development lifecycle. This structure helps ensure that no essential steps are overlooked and that the project progresses in an organized manner.
These SDLC models assist in resource allocation by defining clear milestones, deliverables, and timelines for each development phase. This clarity enables project managers to allocate resources effectively, including human resources, budget, and technology infrastructure, while developing any software application.
The demand for software applications is rising and requires quick development to meet user requirements and expectations. According to Statista, reports highlight a projected increase in global software market revenue from 2024 to 2028, reaching a substantial growth of 414.76 billion US dollars.