Version Control System Market

Version Control System Market by Types (Distributed Version Control Systems and Centralized Version Control Systems), Deployments (Cloud and On-premise), Enterprise Sizes (Small & Medium Enterprise and Large Enterprise), End-users (Retail & CPG, BFSI, IT & Telecommunications, Healthcare & Life Sciences, Education, and Others), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: ICT-SE-2219
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 187
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The global version control system market size is projected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the increasing demand for automation and digitalization in the software development process along with the rising adoption of tablets and smartphones all around the world.

Version control systems (VCS) are a type of software widely used by software development teams to track software changes without the need for manual intervention. The primary objective of this system is to provide backups that allow developers to operate more effectively and efficiently over time. Furthermore, the entire technology is designed to make software development procedures less complicated. Additionally, every modification to the code in a specific database is tracked by version control software. If an issue occurs, engineers can go back in time and match more recent versions of the code to fix the problem while minimizing disruption to the entire team.  

Version Control System Market summary

Moreover, these systems can be connected with software applications, such as Integrated Development Environments (IDEs), Platform as a Service (PaaS), and build automation software providers. Furthermore, it allows the developers to access software from the same tool. In addition, Git, Github, and Subversion are open-source and cross-platform version control systems that support all platforms, languages, diverse sets of technology, and frameworks.

According to the report published by Flexera Software, over 79% of firms plan to use public cloud for their businesses by 2020, resulted in increasing the adoption of SaaS applications in businesses. Thus, the use of version control system technology is expected to help the software engineers to create enterprise software solutions.

The COVID-19 has had a favorable impact on the global version control system market. In the midst of the pandemic, it is critical to choose the right cloud computing strategy for any company's long-term viability and profitability. Furthermore, the number of cloud service models available is growing to accomplish the needs of various business models. On the other hand, businesses are also shifting towards more customized virtual machine services that are better suited to the business requirements across industry.

Market Trends, Drivers, Restraints, and Opportunities

  • Rising need for comprehensible solutions along with the demand for automated tracking tools is expected to fuel the market growth during the forecast period.
  • Increasing demand for software with less complexities and the growing research and development activities are some of the key factors propelling the market expansion in the coming years.
  • Growing need for managing several versions of codes & files and increasing need for collectively working on projects to accelerate product delivery are projected to boost the market growth.
  • Lack of skilled personnel to handle sophisticated tools in less developed countries is one of the restraining factors challenging the market expansion.
  • Accessibility of open-source version control systems, and the value of alternative applications by IT organizations are anticipated to hamper the market growth.
  • Growing demand for cloud-based data management solutions is anticipated to offer immense opportunity for market during the forecast period.

Scope of the Report

The report on the global version control system market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Version Control System Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Distributed Version Control Systems and Centralized Version Control Systems), Deployments (Cloud and On-premise), Enterprise Sizes (Small & Medium Enterprise and Large Enterprise), and End-users (Retail & CPG, BFSI, IT & Telecommunications, Healthcare & Life Sciences, Education, and Others)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Microsoft; Atlassian; Wildbit LLC; Amazon.com, Inc.; WANdisco, Inc.; Collabnet; SeaPine Software, Inc.; IBM Corp.; PTC, Inc.; and Micro Focus.

Market Segment Insights

Centralized version control systems segment is expected to grow at a rapid pace

Based on types, the global version control system market is divided into distributed version control systems and centralized version control systems. The centralized version control systems (CVCS) segment is expected to grow at a rapid pace in the coming years, owing to the cost- effectiveness and the ability to minimize the complexities in software development.

Furthermore, these systems provide individual programmers with better performance and help in developing new code branches faster and easier. Users can work without being connected to the network using DVCS. Additionally, it helps the developers to create user-friendly software by utilizing several development models such as the commander model and development branches.

Moreover, DVCS is being used by a growing number of individual developers who have just a limited need for audit history. Individual developers are increasingly turning to open source DVCS, which allows them to alter and develop the source code according to their needs for no cost. Furthermore, DVCS is scalable, allowing users to manage a high number of contributors in the repository while storing data using lossless compression. Thus, all these factors are fueling the segment growth.

Version Control System Market types

On-premise segment is estimated to gain a large revenue share

Based on deployments, the market is divided into cloud and on- premise. The on- premise deployment segment is estimated to gain a large revenue share during the forecast period, owing to the rising incidence of data breaches and data cloning in the businesses. Furthermore, increasing adoption of on- premise version control systems helps the developers to prevent duplication of software.

Moreover, on- premise systems have become popular as these systems are capable of easy modification of software to meet the client's prerequisites. Furthermore, on- premise implementation helps in lowering the total cost of ownership due to the inexpensive monthly or annual subscription rates.

However, the cloud deployment segment is anticipated to register a substantial market share in the coming years due to the enhanced methods and the preferred usage of cloud platforms in the software development process. Furthermore, companies that build software are increasingly focusing on installing cloud-based version control solutions since they allow them to lower overall operational costs.

Moreover, cloud deployment includes extra services that are integrated with the source control system and assist developers in streamlining their development process. For example, cloud providers deliver issue tracking tools integrated with the source control system, allowing developers to track and detect issues that arise during the development process.

Large enterprise segment is projected to expand at a considerable CAGR

On the basis of enterprise sizes, the global version control system market is bifurcated into small & medium enterprise and large enterprise. The large enterprise segment is projected to expand at a considerable CAGR during the forecast period, owing to the increasing need for a smooth development process and better quality solutions in the organizations.

Furthermore, large enterprises have adequate resources and assets to amalgamate modern technology and stay ahead of the competition. Additionally, these large firms are significantly investing in R&D activities to create the optimal solution for boosting their business productivity.

Moreover, large enterprises with geographically dispersed staff can easily replicate data using a version control system. Furthermore, it allows engineers to collaborate on a common project and helps to integrate code reviews with the source code management process. In addition, a version control system supports engineers to create software with fewer problems. On the other hand, organizations can use this system to assure software quality, foster teamwork, and protect intellectual property assets.

IT & telecommunications segment is expected to register a substantial market share

Based on end-users, the market is segregated as retail & consumer packaged goods, banking financial services and insurance, IT & telecommunications, healthcare & life sciences, education, and others. The IT & telecommunications segment is expected to register a substantial market share during the forecast period, owing to the numerous launch of updated software versions, growing demand for detecting and resolving software bugs, and increasing development in mobile applications. Furthermore, the systems assist IT and telecom companies to secure their work on the most recent release and source code of freshly released software. Thus, all these factors are fueling the segment growth.

However, the healthcare & life sciences segment is estimated to gain a considerable revenue share in the coming years due to the rising need for Artificial Intelligence (AI) and machine learning technology in the development of several applications and software across industry. Furthermore, the growing acceptance of solutions such as m-Health, wearable technology, and smartphone apps is propelling the demand for the most recent software versions. Additionally, as this software helps in storing vital drug and patient information, it requires persistent security patches and regular updates.

Version Control System Market end-user

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period, owing to the growing demand for customized software solutions and the presence of well- established software companies in the region.

Furthermore, the growing acceptance of cloud strategy has increased the use of version control system across geographies. Various end-use industries, such as retail, BFSI, IT & telecom, and healthcare, rely on software and mobile applications to handle client requests, and these software and applications must be updated on a regular basis. Thus, all these factors are estimated to propel the market growth in the region.

Version Control System Market region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Version Control System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Version Control System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Version Control System Market - Supply Chain
  4.5. Global Version Control System Market Forecast
     4.5.1. Version Control System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Version Control System Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Version Control System Market Absolute $ Opportunity
5. Global Version Control System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Version Control System Market Size and Volume Forecast by Types
     5.3.1. Distributed Version Control Systems
     5.3.2. Centralized Version Control Systems
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Version Control System Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Version Control System Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Version Control System Demand Share Forecast, 2019-2026
7. North America Version Control System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Version Control System Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Version Control System Market Size and Volume Forecast by Types
     7.4.1. Distributed Version Control Systems
     7.4.2. Centralized Version Control Systems
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Version Control System Demand Share Forecast, 2019-2026
8. Latin America Version Control System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Version Control System Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Version Control System Market Size and Volume Forecast by Types
     8.4.1. Distributed Version Control Systems
     8.4.2. Centralized Version Control Systems
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Version Control System Demand Share Forecast, 2019-2026
9. Europe Version Control System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Version Control System Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Version Control System Market Size and Volume Forecast by Types
     9.4.1. Distributed Version Control Systems
     9.4.2. Centralized Version Control Systems
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Version Control System Demand Share Forecast, 2019-2026
10. Asia Pacific Version Control System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Version Control System Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Version Control System Market Size and Volume Forecast by Types
     10.4.1. Distributed Version Control Systems
     10.4.2. Centralized Version Control Systems
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Version Control System Demand Share Forecast, 2019-2026
11. Middle East & Africa Version Control System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Version Control System Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Version Control System Market Size and Volume Forecast by Types
     11.4.1. Distributed Version Control Systems
     11.4.2. Centralized Version Control Systems
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Version Control System Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Version Control System Market: Market Share Analysis
  12.2. Version Control System Distributors and Customers
  12.3. Version Control System Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Microsoft
     12.4.2. Atlassian
     12.4.3. Wildbit LLC
     12.4.4. Amazon.com, Inc.
     12.4.5. WANdisco, Inc.
     12.4.6. Collabnet
     12.4.7. SeaPine Software, Inc.
     12.4.8. IBM Corp.

Segments Covered in the Report
The global version control system market has been segmented on the basis of
Types

  • Distributed Version Control Systems
  • Centralized Version Control Systems

Deployments

  • Cloud
  • On-premise

Enterprise Sizes

  • Small & Medium Enterprise
  • Large Enterprise

End-users

  • Retail & CPG
  • BFSI
  • IT & Telecommunications
  • Healthcare & Life Sciences
  • Education
  • Others

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Microsoft
  • Atlassian
  • Wildbit LLC
  • Amazon.com, Inc.
  • WANdisco, Inc.
  • Collabnet
  • SeaPine Software, Inc.
  • IBM Corp.
  • PTC, Inc.
  • Micro Focus

 

Some of the major players competing in the global version control system market are Microsoft; Atlassian; Wildbit LLC; Amazon.com, Inc.; WANdisco, Inc.; Collabnet; SeaPine Software, Inc.; IBM Corp.; PTC, Inc.; and Micro Focus.

These major players are focusing on marketing strategies such as acquisitions, new product launches, and product upgrades in order to secure the industry position in the market.

For instance, Anaxi announced support for the 10 million users of the Bitbucket version control repository for source code and development projects in July 2019. As a result of this, the product development teams can manage their software projects in GitHub Enterprise, Bitbucket, Jira Cloud and Server from a single interface using the Anaxi app.

For example, Microsoft purchased GitHub, a software development company, in June 2018. As a result of the acquisition, the company was able to provide innovative software and services to its customers.

Version Control System Market keyplayers

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