The Global Version Control Systems Market Size valued for USD 982.5 Million in 2021 and is projected to occupy a market size of USD 2,679.2 Million by 2030 growing at a CAGR of 11.9% from 2022 to 2030.
A version control system is a tool that allows a user to track changes to a file or set of files over time so that specific versions can be recalled later. Version control systems are sophisticated tools that assist a team in managing changes in source code. It enables users to collaborate with other programmers. Furthermore, it employs a special database to keep track of all code changes. With the help of version control every change made to the code can be tracked. This enables developers to see the historical record of who changed what at any given moment - and, if necessary, roll back to an earlier version. It also establishes a solitary source of truth.
Version Control Systems Market Report Statistics
Global Version Control Systems Market Dynamics
Version Control Systems Market Report Coverage
|Market||Version Control Systems Market|
|Version Control Systems Market Size 2021||USD 982.5 Million|
|Version Control Systems Market Forecast 2030||USD 2,679.2 Million|
|Version Control Systems Market CAGR During 2022 - 2030||11.9%|
|Version Control Systems Market Analysis Period||2018 - 2030|
|Version Control Systems Market Base Year||2021|
|Version Control Systems Market Forecast Data||2022 - 2030|
|Segments Covered||By Type, By Deployment, By Enterprise Size, By End-Use, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Amazon.com, Inc., Atlassian, Collabnet, IBM Corporation, GitLab B.V., Micro Focus, Microsoft Corporation, PTC, Inc, SeaPine Software, WANdisco, Inc., and Wildbit LLC.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis|
Version Control Systems Market Growth Factors
The growing number of newer versions of software and application is a very prominent factor that is driving the global version control systems market. The increasing need to lessen complexities in software development is another factor that is fueling the market demand. Version control systems keep track of changes in software products, allowing development teams to simplify the software development process. The complete technological system is intended to reduce the complexities of software development. Version control systems assist in measuring indifference in files, comparing them, and keeping track of it. Technological advances have resulted in a shift toward automation and digitalization in order to reduce involvement in human tasks and errors. Furthermore, the simplicity of use and user-friendliness reflects the high demand for the same.
Version control system market growth is being aided by the industry's rapid digital transformation. For example, the rising demand for digitalization and automation has enabled IT firms to upgrade their software and services in order to compete. Furthermore, the market has risen as a result of the increasing penetration of smartphones and tablets. However, threats such as data privacy and data theft could hamper the market growth. Additionally, the presence of numerous open-source service providers may impede market growth during the forecast period.
Furthermore, the integration of software applications such as Platform as a Service (PaaS) and Integrated Development Environment (IDE) with version control systems is expected to provide significant market growth opportunities from 2022 to 2030. However, growing development teams around the world, as well as increased demand for jointly working on projects to ramp up product delivery, are likely to generate lucrative growth opportunities for the market.
Version Control Systems Market Segmentation
The global version control systems market is segmented based on type, deployment, enterprise size, end-use, and geography.
Version Control Systems Market By Type
According to the type segment, the Centralized Version Control Systems (CVCSs) segment accounted for a sizable market share in 2021 and is expected to maintain this trend in the coming years. Centralized Version Control Systems (CVCSs) was created to address a major issue that people face when collaborating with developers on other systems. However, distributed version control systems (DVCS) are gaining popularity due to their improved performance and ability to make the development of new code branches faster and easier.
Version Control Systems Market By Deployment
According to our industry analysis of version control systems, on-premise deployment will account for more than half of the market in 2021. This is because on-premise deployment lowers the total cost of ownership due to low monthly or annual subscription fees. Furthermore, the increasing number of incidents of data theft and data cloning is encouraging organizations to adopt on-premise solutions for their operations. However, advancements in cloud-based deployments, such as improved data security and lower overall costs, are supporting market growth.
Version Control Systems Market By Enterprise Size
The large enterprise sub-segment dominated the enterprise size segment and will continue to do so in the coming years. Version control systems are in high demand in large enterprises due to the growing requirement for improved solutions and a seamless development process. Furthermore, significant investments in R&D activities contribute to company productivity. SMEs, on the other hand, will experience rapid growth as a result of their growing base and their constant desire to acquire new technologies.
Version Control Systems Market By End-Use
According to the version control systems market forecasts, the IT & telecom sub-segment will account for a significant share between 2022 and 2030. The majority of IT and telecom organizations use version control systems because they can help IT and telecom organizations secure the source code of the current version and work on the most recent release. Furthermore, rising demand for Artificial Intelligence and machine learning is anticipated to increase the deployment of various software and applications in the healthcare and life science sectors.
Version Control Systems Market Regional Outlook
The Middle East & Africa
Version Control Systems Market Regional Analysis
According to our regional scenario for version control systems, North America is expected to lead the entire market in the coming years. Because of the presence of numerous IT behemoths, the early adoption of innovative technologies, and the presence of key players, historical data suggest the same for the North American region. Furthermore, the presence of leading end-use industries such as IT & telecom, BFSI, retail, and healthcare, as well as an increasing trend of utilizing AI, ML, and IoT, will support the North American version control systems market.
Asia-Pacific, on the other hand, is expected to grow rapidly due to increased digitization and automation, increased investments in the private and public sectors to upgrade technology and rising demand for cloud-based deployment software and applications.
Version Control Systems Market Players
Some of the leading Version Control Systems companies include Amazon.com, Inc., Atlassian, Collabnet, IBM Corporation, Microsoft Corporation, Micro Focus, PTC, Inc, WANdisco, Inc., SeaPine Software, and Wildbit LLC.
The market size of version control systems market in 2021 was accounted to be USD 982.5 Million.
The projected CAGR of version control systems market during the analysis period of 2022 to 2030 is 11.9%.
The prominent players of the global version control systems market include Amazon.com, Inc., Atlassian, Collabnet, GitLab B.V., IBM Corporation, Micro Focus, Microsoft Corporation, PTC, Inc, SeaPine Software, WANdisco, Inc., and Wildbit LLC.
North America held the dominating version control systems during the analysis period of 2022 to 2030.
Asia-Pacific region exhibited fastest growing CAGR for version control systems during the analysis period of 2022 to 2030.
Growing need to decrease complexities in software development, rising demand for automation and digitalization tools, and rapidly increasing adoption of smartphones and tablets drives the growth of global version control systems market.
Based on type, centralized version control systems (CVCS) segment is expected to hold the maximum share of the version control systems market.