Distributed version control systems (DVCS) are fast, reliable, and easy to use resulting in providing a complete code database on a developer’s computer. DVCS perform actions and tasks by keeping work logged locally, resulting in streamlining the changesets. Additionally, it takes critical decisions such as pushing new changes to a central repository, automatically. Hence, DVCS is projected to lead the version control systems market in the type segment over the forecast period. Owing to this, the market is estimated to witness a positive growth. Furthermore, Market Research Future predicts the maturity of the global version control system market with a CAGR of 11.34% and market value of USD 779.44 million in the year 2023.
The version control systems market is growing at a rapid pace. Factors such as the proliferation of automation across industries and the adoption of version control systems in many end-user industries drive market growth. Technological advances and integration of AI into version control systems have improved VCS' performances simplifying operations.
Besides, 5G network deployments worldwide impact the market growth positively, improving performances of version control and automation systems. With the rising adoption of cloud-based solutions in a number of enterprises, the market is projected to witness significant traction. Additionally, the rapid increase in information technology and telecommunication industries boosts the market size.
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According to Market Research Future (MRFR), the global version control systems market is poised to grow at an impressive CAGR during the forecast period (2020-2027). Increasing smartphone and mobile application use is a major driving force behind the market growth. Conversely, the implementation of varied applications such as ERP and CRM impedes the growth of the version control systems market.
Version Control Systems Market - Segmentation
The VCS market is segmented into type, deployment type, organization size, vertical, and regions. The type segment is sub-segmented into centralized version control system (CVCS) and distributed version control system (DVCS). The deployment type segment is sub-segmented into cloud and on-premise.
The organization size segment is sub-segmented into small and medium-sized enterprises and large enterprises. The vertical segment is sub-segmented into BFSI, IT & telecom, healthcare, education, retail, and others. The region segment is sub-segmented into Asia Pacific, Americas, Europe, and rest-of-the-world.
Version Control Systems Market - Geographical Analysis
North America dominates the global version control systems market. The region witnesses a rapid increase in DVCS adoption across industries. Besides, the largest market share attributes to the increased application of VCS in BFSI and IT & telecom sectors in the region. Technical advances, alongside the increasing adoption of cloud-based services and solutions, substantiate the market growth.
With the increase in the need to reduce complexities related to software development, the US is expected to be one of the major markets for version technologies. Additionally, the strong presence of notable technology providers and well-established development centers facilitate the early development and adoption of advanced VCS technologies.
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The Asia Pacific region stands second in the global version control systems market. The market growth is driven by the rising adoption of DevOps by organizations to minimize dependency issues in modern applications and gain reliable results. Additionally, the early adoption of IoT & artificial intelligence (AI) technologies positively impacts the regional market growth.
The European version control systems market is emerging as a promising market globally. Factors such as the high adoption of version control systems in the healthcare and education industry influence market growth. Germany, the UK, France, and Italy hold substantial shares in the regional market. Besides, the growing adoption of on-demand cloud services and economic growth in the region drive the regional market growth.
Version Control Systems Market - Competitive Landscape
The version control systems market appears well-established due to the presence of several noteworthy players. To gain a larger competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch. These players focus on innovation and developments of new solutions, fuelling the already intensified market competition.
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Version Control Systems Market Major Players:
Players leading the version control systems market include IBM (US), CA Technologies (US), Microsoft (US), Atlassian (Australia), Amazon.com (US), Codice Software (Spain), CollabNet (US), Canonical Ltd. (UK), Micro Focus (UK), Luit Infotech (P) Ltd. (India), Perforce Software Inc. (US), LogicalDOC (US), and SourceGear LLC (US), among others.
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