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Market AnalysisThe global version control system market is predicted to touch USD 779.44 million at a 11.34% CAGR during the forecast period (2018-2023), states the new Market Research Future (MRFR) report. Version control systems or VCS is a software tool which helps software teams in managing changes for sourcing code over time. They are mostly used as stand-alone applications, yet revision control too is embedded in numerous forms of software such as collaborative web docs, spreadsheets, and word processors, and in different content management systems. Code management for various projects, streamlining the development process, and keeping the history of every change in the code are some of its key benefits.
Various factors are propelling the version control system market growth. These factors, as stated by the MRFR report, include the growing demand for digitalization and automation in the software development process, growing adoption of tablets and smartphones, technological advancements to reduce human-associated errors, and growing demand for ease of operations, and user-friendly solutions. Additional factors boosting market growth include the numerous benefits of using a version control system such as auditing, portability, and interoperability.
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Market Segmentation
The Market Research Future report provides a wide segmental analysis of the version control system market based on vertical, organization size, deployment type, and type.
Based on type, the version control system market is segmented into distributed version control system (DVCS) and centralized version control system (CVCS). Of these, the DVCS segment will have the largest share in the market over the forecast period.
Based on deployment type, the version control system market is segmented into on-premise and cloud. Of these, the cloud segment will dominate the market over the forecast period.
Based on organization size, the version control system market is segmented into large enterprise and small and medium-sized enterprise. Of these, the small and medium-sized enterprise will lead the market over the forecast period.
Based on vertical, the version control system market is segmented into retail, education, healthcare, IT and telecom, BFSI, and others. Of these, the IT and telecom segment will have the maximum share in the market over the forecast period.
Key Players
Leading players profiled in the version control system market report include Perforce Software Inc. (US), Micro Focus (UK), Luit Infotech (P) Ltd. (India), SourceGear LLC (US), LogicalDOC (US), CollabNet (US), Canonical Ltd. (UK), Codice Software (Spain), Atlassian (Australia), Amazon.com (US), Microsoft (US), IBM (US), and CA Technologies (US), among others.
Regional Analysis
Based on the region, the Version Control System Market report covers growth opportunities and the latest trends across Europe, North America, Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will remain the driving force in the market during the forecast period. The US as well as Canada are the key contributors in this region owing to the rise in the need to cut down complexities associated with software development in leading IT companies. Moreover, rising adoption of cloud-based solutions and services and constant technological advancements are also pushing market growth in this region.
The version control system market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is owing to the growing adoption of DevOps by companies chiefly due to the fact that this avoids dependency problems in modern applications, thereby delivering reliable outcomes.
The version control system market in Europe is predicted to have a notable growth over the forecast period. This is due to the increasing investments made by tech leaders such as IBM, Intel, Microsoft, and others.
The version control system market in the Rest of the World is predicted to have significant growth over the forecast period.
Industry News
September 2018: A leading Application Visual Management company, Applitools has introduced the world’s first-ever UI Version Control System. This is empowering product managers, test automation engineers, and developers in viewing the complete history of their mobile and web application user interfaces to know what has been changed, when, and also by whom.
LIST OF TABLES
Table 1 Global Version Control Systems Market, By Region, 2018–2023
Table 2 North America: Version Control Systems Market, By Country, 2018–2023
Table 3 Europe: Version Control Systems Market, By Country, 2018–2023
Table 4 Asia-Pacific: Version Control Systems Market, By Country, 2018–2023
Table 5 Rest Of The World: Version Control Systems Market, By Country, 2018–2023
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LIST OF FIGURES
FIGURE 1 Global Version Control Systems Market Segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Porter’s Five Forces Analysis Of Global Version Control Systems Market
FIGURE 4 Value Chain Of Global Version Control Systems Market
FIGURE 5 Share Of Version Control Systems Market In 2018, By Country (In %)
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Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/version-control-system-market-6836
Release ID: 88909854
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