Version Control Systems Market to Hit USD 779.44 Million | Industry Analysis, Size, Share, Trends, Growth and Opportunities

Version Control Systems Market Research Report, by Type (Centralized and Distributed), Deployment Type (Cloud and On-Premise), Organization Size (SME and Large Enterprises), Vertical (BFSI, Healthcare, Education, and others) — Global Forecast till 2027

Version Control Systems Market Research Report- Forecast till 2027

Market Highlights

The version control systems market is forecasted to garner USD 779.44 million growing at 11.34% CAGR over the forecast period 2018–2023. Technological advances and integration of AI into version control systems have improved VCS' performances simplifying operations.

Version control system can be termed as revision control or source control system. It is a category of tools and software which are designed especially for tracking multiple versions of documents, software, content, and other information related to the organization. Additionally, version control systems are used to track changes within different versions and codes. It ensures collaboration between the software and file as enterprises can view its data whenever it wants. It provides monitoring and restoring benefit which is coupled with the rising demand for cost-efficient version control systems. The version control system is expected to witness a positive growth owing to the shift of small and medium-sized enterprise to cloud-based services due to its cost-efficient and faster software delivery tools.

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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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.

Regional Analysis:

The regional analysis of version control systems market is considered for North America, Europe, Asia-Pacific, and the rest of the world.

Technological advancements and increasing adoption of automated and digitalized tools in North American countries such as the US, Canada, and Mexico is expected to dominate the version control systems market over the forecast period. Large enterprises as well as small and medium-sized enterprises in North America have adopted version control systems as it systematically maintains the dynamics in an organization. Growing adoption of artificial intelligence (AI) in Asia-Pacific is expected to enhance enterprises and enable the growth of the system. Europe is expected to witness positive growth in the version control systems market over the forecast period, due to the increasing demand for functional elements by organizations which want to manage documents and codes automatically.

Competitive Analysis

Players leading the version control systems market include IBM (US), CA Technologies (US), Microsoft (US), Atlassian (Australia), (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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Version Control Systems Market Research Report, by Type (Centralized and Distributed), Deployment Type (Cloud and On-Premise), Organization Size (SME and Large Enterprises), Vertical (BFSI, Healthcare, Education, and others) — Global Forecast till 2027

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Release ID: 89070746