Global Version Control Systems Market - Overview
Version control systems are
software tools used in managing to keep track of changes to content, data, and
software. It stores the historical updates of the particular and provides the
option of reverting to the basic version of the tool in case of errors during
use. It can be integrated with numerous software tools. The global Version Control Systems Market report by
Market Research Future (MRFR) provides a historical trajectory of the industry
and predicts growth and revenue patterns based on current events and upcoming
niches for the period of 2018 to 2023 (forecast period). The COVID-19 pandemic
and its implications on the industry are highlighted for industry leaders.
Market Scope
The global version control
systems market size is expected to reach USD 779.44 million by 2023 growing at
11.34% CAGR over the forecast period. Adoption of smartphones and mobile
applications can drive the scope of the market. This is evident with frequent
updates of mobile applications being notified to users on a monthly basis. The
updates are based on customer usage and requirement. Sharing and storing of
multiple versions of code by programmers and rise of IT and IT service companies
can drive the market demand during the coming years.
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Implementation of content
resource management, enterprise resource planning, and others can negatively
impact the market.
Segmentation
By type, the version
control systems market is divided into centralized version control system
(CVCS) and distributed version control system (DVCS). DVCS is expected to
dominate the market owing to being reliable and easy to use. The users push
periodic updates to a hard drive automatically instead of relying on a server.
The changes to a software are done locally and be done without the need of
Internet.
By deployment type, it is
segmented into cloud and on-premise.
By organization size, the
market is segmented into small and medium-sized enterprise and large
enterprise.
By vertical, the version
control systems market is segmented into retail, BFSI, IT and telecom, education,
healthcare, and others.
Regional Analysis
The regional analysis of
version control systems market is considered for North America, Europe, Asia
Pacific (APAC), and Rest-of-the-World (RoW).
Increase in the need to
reduce complexities related to software development in IT companies such as
IBM, Microsoft, CA Technologies, and others in the US is expected to be one of
the major factors for the dominance of North America in the version control
systems market. The US and Canada with a large customer base, and increasing
adoption of cloud-based services and solutions are major drivers of the market.
The rollout of a cloud-based environment for developers by Gitpod and used in
tracking issues coupled integration of latest features without the need of a license
for building and running applications can attract software companies.
Asia Pacific (APAC) is
expected to be the fastest growing region in the market due to the adoptions of
DevOps by organizations as it avoids dependency issues in modern applications
and delivers reliable results. It has been used in updating online libraries of
content delivery networks and provides notifications to users.
Europe is expected to show
a high growth rate during the forecast period owing to the growing investments
of tech leaders such as Microsoft, Intel, IBM, and others in the European IT
market. Furthermore, the version control systems market is expected to witness
a significant growth in the rest of the world regional segment.
Competitive Outlook
Codice Software, Canonical
Ltd., Amazon.com, Microsoft, CA Technologies, SourceGear LLC, CollabNet,
LogicalDOC, Atlassian, and IBM are key players in the global version control
systems market.
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