Version Control Systems Market - Forecast(2024 - 2030)
Version Control Systems Market Overview
The
Global Version Control Systems Market size is forecast to reach $1085.86 million
by 2027, growing at a CAGR 10.85% from 2022 to 2027. Increasing adoption of
source code management tools within DevsOps teams to streamline tracking of
every modification to the software code in a special kind of a database is attributed to the market growth. Version Controls, also known as source control are mostly
used in order to protect source code from
unintended consequences while ensuring a continuous and smooth flow of changes
to the code. Version control system (VCS)
involves the repository approach as a part of accelerating the collaborative
development for the source code of computer programs, coupled with monitored
access with an aim to foster successful deployments while reducing development
time. Growing inclination towards distributed version control system due to its
beneficiary capabilities including reliable backup copies, fast merging and
flexible branching, rapid feedback and fewer merge conflicts, flexibility to
work offline and so on are also aiding towards market growth of global version
control systems overtime. Increasing penetration of software
configuration management to oversee the development and testing of software while providing
the log of every change in the software is estimated to foster the growth of Version Control Systems market during 2022-2027.
Report Coverage
The report: “Version Control Systems Market – Forecast
(2022-2027)”, by IndustryARC covers an in-depth analysis of the following
segments of the Version Control Systems Market.
By Type: Centralized
Version Control System, Distributed Version Control System.
By Deployment model: Cloud, On-premises.
By Organization Size: Small & Medium Enterprises, Large Enterprises.
By
Industry Vertical: Banking, Financial Services and Insurance (BFSI), IT
& Telecommunications, Transportation & logistics, Healthcare, Automotive,
Manufacturing, Retail & E-Commerce, Government,
Education, Media & Entertainment, Others.
By Geography: North
America (U.S, Canada, Mexico), Europe(Germany, UK, France, Italy, Spain and
Others), APAC(China, Japan India, South Korea, Australia and Others), South
America(Brazil, Argentina and others), and RoW (Middle East and Africa).
Key Takeaways
- Distributed
Version Control System is analyzed to witness highest growth with a CAGR
of 11.08% in the global Version
Control Systems Market during 2022-2027owing to availability of reliable backup copies, fast merging and flexible
branching, rapid feedback and fewer merge conflicts, flexibility to work
offline.
- North America Version Control
Systems Market held the largest share of 36% in 2021, attributing to
factors like early adoption of digital platforms and high investments
towards advanced technology including AI, machine learning.
- Growing
adoption of version control systems in BFSI sector to reduce complexities
during software development improving financial activities along with increasing
deployment of cloud-based version control systems are analyzed to
significantly drive the market during the forecast period 2022-2027.
Global Version Control Systems Market Share by geography, (by %)
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Version Control Systems Market Segment
Analysis – By Type
By type, Version Control Systems Market has been segmented into Centralized Version Control System (CVCS) and
Distributed Version Control System (DVCS). Distributed Version Control segment
is analyzed to grow with the highest CAGR of 11.08% during the forecast period 2022-2027.
As compared to centralized version control systems, distributed version control
systems act as an easier and faster solution, eliminating requirement of internet connection and giving
flexibility to work offline, attributing to its market growth.
Increasing adoption of DVCS in various business organizations to improve branching
and merging is also aiding the market growth over time. Furthermore, benefits
of distributed version control system such as availability of multiple reliable
copies of software reducing the reliance on a single backup, fewer merge
conflicts, easy access to the full local history
in order to identify bugs, track changes, and revert to previous versions and
so on are considered to be some of the prime factors boosting its market
growth. In August 2021, Git, a distributed version control system, announced
about the launch of GitLab Build Cloud for macOS
Beta. This development was done to provide an on-demand platform as a part of
building Apple products and is integrated with GitLab SaaS CI/CD workflows,
reducing additional cost and operational overhead. Such factors are
further set to propel the market growth of Distributed Version Control Systems in
the long run.
Version Control Systems Market Segment
Analysis - By Industry Vertical
By industry vertical, Version
Control Systems Market has been segmented into Banking, Financial Services and Insurance
(BFSI), IT & Telecommunications, Transportation & logistics,
Healthcare, Automotive, Manufacturing, Retail & E-Commerce, Government, Education, Media & Entertainment, Others.
IT and Telecommunications sector dominated the global
Version Control Systems market with a share of 11.45% in 2021 and is also anticipated to have a significant
growth during 2022-2027. Increasing demand towards developing mobile
applications, continuous release of updated software versions attributes to the
market growth. Moreover, the burgeoning demand
for identification and resolving of software bugs have led towards increased
adoption of version control systems in IT, which in turn is driving the market
growth. Version Control Systems assists IT organizations
in improving the visibility of changes and the context provided alongside these
changes while ensuring quality and reliability of each deployment. In April
2021, Perforce Software, announced about the launch of its new version control
desktop client named as Helix Sync. This development was done to enable
non-coders like artists and designers to facilitate the version of digital
assets, harnessing the power of a simple drag-and-drop UI. Such developments are
poised to create significant growth opportunities for the market during 2022-2027.
Version Control Systems Market Segment Analysis - By Geography
By geography, Version Control Systems Market has been segmented under North America, Europe, APAC, South America and RoW. North America dominated the global version control system market with a share of 36% in 2021, owing to factors including well-established IT infrastructure and high investments towards both centralized and distributed development workflows ensuring seamless team collaboration within the region. Increasing adoption of Version Control Systems in U.S., as a part of protecting digital assets including inventory management, security management, history tracking, user access controls, cheap local branching, workflow management and so on by tracking the code changes accurately is also assisting its market demand in this region. Furthermore, early penetration of mobile apps and the rising necessity to manage diverse versions of these apps are analyzed to bring significant growth opportunities for the market in this region. In September 2021, GitKraken, a US based software company announced about the acquisition of BigBrassBand for integrating Git and Jira DevOps workflows. This acquisition was done so that teams can now switch seamlessly between multiple developer workspaces while making Git simpler, faster, and more powerful and productive for their development teams. Such factors are set to drive the market growth for Version Control Systems in the coming time in this region.
Version Control Systems Market Drivers
Growing adoption of version control systems in BFSI sector to reduce complexities during software development improving financial activities are impacting the market growth positively
Growing adoption of version control
systems in BFSI sector to reduce complexities during software development
improving financial activities are impacting the global version control system
market growth positively. BFSI organizations extensively rely on
software and mobile applications as a part of facilitating digital banking
system streamlining execution of customer queries and other financial
activities. There has been a continuous need for upgrading various software and
applications in BFSI sector to enhance the capabilities and reliability of
block chain adoption and fintech integration. Growth in adoption of version
control systems in order to track the old versions of software while developing
upgraded versions of the same offering software development services in collaboration
with the operational requirements of BFSI organizations is aiding the market
growth over time. Furthermore, with the continuous changes in customer
requirements and rising proliferation of mobile applications users, there has
been a sudden growth of cyber-attacks at user mobile application side, which in
turn is contributing towards global version control system market. In May 2021,
Keytrade Bank announced about the adoption of GitLab as a part of
enhancing the digital capabilities in terms of code management, version
control, and CI/CD with an aim to improve workflow efficiency. Such factors are
set to propel the version control system market growth in the future years.
Increasing deployment of cloud-based version control
systems are
driving the market growth forward
Growth in deployment
of cloud-based version control systems is
stimulating the market. As compared to on premise models,
cloud based software act as a cost-efficient solution, eliminating requirement
of additional infrastructures, attributing to its market growth. Rising
adoption of cloud computing or cloud based services in streamlining software
development process and so on to manage changes to source code over time from remote
locations is also aiding the market growth over time. Cloud based version
control solutions facilitates hosting of multiple code repositories in cloud
and offer easy integration with offline tools broadening the range of version
control system applications. Cloud based solutions enable developers to
collaborate on source code in order to manage a master repository in which they
can access their code changes while pulling down new codes to their local
computers. Cloud based version control systems also aid businesses by providing
an access control list and such benefits of benefits of cloud deployment including
ease of deployment, and pay per usage model are considered to be some of the
prime factors boosting its market growth. In August 2021, GitHub announced about bringing cloud-based
Codespaces development environment to the enterprise as a part of enabling
developers to join and collaborate on a project and begin coding with minimal
configuration and such new developments will aid its market growth over time.
Version Control Systems Market Challenges
Concerns related to data privacy and security of version control systems hinders its market growth
Concerns related to data privacy and security of version
control systems can be considered as a major factor restraining its market
growth. In comparison to traditional
systems, version control systems are more advanced due to its capabilities and can be subjected to potential security data
breaches or data hacking incidents. Transition towards cloud infrastructure
encourage cyber-criminals to take part into illegal activities such as identity
theft, false data injection or unauthorized access, which in turn contributes
towards significant financial losses of businesses. Such factors have been
creating an adverse impact on its market growth.
Version Control Systems Industry Outlook
Product
launches, acquisitions, Partnerships and R&D activities are key strategies
adopted by players in the Version Control Systems market.
Version Control Systems top 10 companies include:
- Atlassian
Corporation PLC
- Amazon Web
Services
- CA Technologies
- Perforce
Software
- Codice Software
- GitHub
- IBM Corporation
- Micro Focus
- BitMover
Inc.
- Apache Software
Foundation
Recent Developments
- In August 2021, GitHub announced about the release of Git 2.33, which includes a new optional merge process called as merge-ort. This new feature will conduct the merge strategy nine hundred times faster than previous version.
- In June 2021, GitHub announced
about the collaboration with OpenAI in order to launch a new AI tool, named as Copilot, which is involved
in generating its own code. This development was done to release a version of Codex through its API so that developers can
build their own apps with the technology.
- In August 2020, Unity technologies announced about the acquisition of
Codice Software with an aim to introduce version control systems to 3D
real-time work flows. This kind of developments provide opportunities for the
market growth.
Relevant Report Titles:
Software Development AI Market – Forecast (2022 - 2027)Report Code: ITR 0182
Devops Market Forecast (2021 – 2026)
Report Code: ITR 56871
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LIST OF TABLES
1.Global Version Control Systems Market By Type Market 2019-2024 ($M)1.1 Centralized Version Control Systems Market 2019-2024 ($M) - Global Industry Research
1.2 Distributed Version Control Systems Market 2019-2024 ($M) - Global Industry Research
2.Global Market By Deployment Type Market 2019-2024 ($M)
2.1 Cloud Market 2019-2024 ($M) - Global Industry Research
2.2 On-Premises Market 2019-2024 ($M) - Global Industry Research
3.Global Market By Organization Size Market 2019-2024 ($M)
3.1 Small & Medium Enterprises Market 2019-2024 ($M) - Global Industry Research
3.2 Large Enterprises Market 2019-2024 ($M) - Global Industry Research
4.Global Version Control Systems Market By Vertical Market 2019-2024 ($M)
4.1 IT & Telecom Market 2019-2024 ($M) - Global Industry Research
4.2 BFSI Market 2019-2024 ($M) - Global Industry Research
4.3 Healthcare & Life Sciences Market 2019-2024 ($M) - Global Industry Research
4.4 Education Market 2019-2024 ($M) - Global Industry Research
4.5 Retail & CPG Market 2019-2024 ($M) - Global Industry Research
5.Global Version Control Systems Market By Type Market 2019-2024 (Volume/Units)
5.1 Centralized Version Control Systems Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Distributed Version Control Systems Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Market By Deployment Type Market 2019-2024 (Volume/Units)
6.1 Cloud Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 On-Premises Market 2019-2024 (Volume/Units) - Global Industry Research
7.Global Market By Organization Size Market 2019-2024 (Volume/Units)
7.1 Small & Medium Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
7.2 Large Enterprises Market 2019-2024 (Volume/Units) - Global Industry Research
8.Global Version Control Systems Market By Vertical Market 2019-2024 (Volume/Units)
8.1 IT & Telecom Market 2019-2024 (Volume/Units) - Global Industry Research
8.2 BFSI Market 2019-2024 (Volume/Units) - Global Industry Research
8.3 Healthcare & Life Sciences Market 2019-2024 (Volume/Units) - Global Industry Research
8.4 Education Market 2019-2024 (Volume/Units) - Global Industry Research
8.5 Retail & CPG Market 2019-2024 (Volume/Units) - Global Industry Research
9.North America Version Control Systems Market By Type Market 2019-2024 ($M)
9.1 Centralized Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
9.2 Distributed Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
10.North America Market By Deployment Type Market 2019-2024 ($M)
10.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
10.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
11.North America Market By Organization Size Market 2019-2024 ($M)
11.1 Small & Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
11.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
12.North America Version Control Systems Market By Vertical Market 2019-2024 ($M)
12.1 IT & Telecom Market 2019-2024 ($M) - Regional Industry Research
12.2 BFSI Market 2019-2024 ($M) - Regional Industry Research
12.3 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
12.4 Education Market 2019-2024 ($M) - Regional Industry Research
12.5 Retail & CPG Market 2019-2024 ($M) - Regional Industry Research
13.South America Version Control Systems Market By Type Market 2019-2024 ($M)
13.1 Centralized Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
13.2 Distributed Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
14.South America Market By Deployment Type Market 2019-2024 ($M)
14.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
14.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
15.South America Market By Organization Size Market 2019-2024 ($M)
15.1 Small & Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
15.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
16.South America Version Control Systems Market By Vertical Market 2019-2024 ($M)
16.1 IT & Telecom Market 2019-2024 ($M) - Regional Industry Research
16.2 BFSI Market 2019-2024 ($M) - Regional Industry Research
16.3 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
16.4 Education Market 2019-2024 ($M) - Regional Industry Research
16.5 Retail & CPG Market 2019-2024 ($M) - Regional Industry Research
17.Europe Version Control Systems Market By Type Market 2019-2024 ($M)
17.1 Centralized Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
17.2 Distributed Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
18.Europe Market By Deployment Type Market 2019-2024 ($M)
18.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
18.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
19.Europe Market By Organization Size Market 2019-2024 ($M)
19.1 Small & Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
19.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
20.Europe Version Control Systems Market By Vertical Market 2019-2024 ($M)
20.1 IT & Telecom Market 2019-2024 ($M) - Regional Industry Research
20.2 BFSI Market 2019-2024 ($M) - Regional Industry Research
20.3 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
20.4 Education Market 2019-2024 ($M) - Regional Industry Research
20.5 Retail & CPG Market 2019-2024 ($M) - Regional Industry Research
21.APAC Version Control Systems Market By Type Market 2019-2024 ($M)
21.1 Centralized Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
21.2 Distributed Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
22.APAC Market By Deployment Type Market 2019-2024 ($M)
22.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
22.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
23.APAC Market By Organization Size Market 2019-2024 ($M)
23.1 Small & Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
23.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
24.APAC Version Control Systems Market By Vertical Market 2019-2024 ($M)
24.1 IT & Telecom Market 2019-2024 ($M) - Regional Industry Research
24.2 BFSI Market 2019-2024 ($M) - Regional Industry Research
24.3 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
24.4 Education Market 2019-2024 ($M) - Regional Industry Research
24.5 Retail & CPG Market 2019-2024 ($M) - Regional Industry Research
25.MENA Version Control Systems Market By Type Market 2019-2024 ($M)
25.1 Centralized Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
25.2 Distributed Version Control Systems Market 2019-2024 ($M) - Regional Industry Research
26.MENA Market By Deployment Type Market 2019-2024 ($M)
26.1 Cloud Market 2019-2024 ($M) - Regional Industry Research
26.2 On-Premises Market 2019-2024 ($M) - Regional Industry Research
27.MENA Market By Organization Size Market 2019-2024 ($M)
27.1 Small & Medium Enterprises Market 2019-2024 ($M) - Regional Industry Research
27.2 Large Enterprises Market 2019-2024 ($M) - Regional Industry Research
28.MENA Version Control Systems Market By Vertical Market 2019-2024 ($M)
28.1 IT & Telecom Market 2019-2024 ($M) - Regional Industry Research
28.2 BFSI Market 2019-2024 ($M) - Regional Industry Research
28.3 Healthcare & Life Sciences Market 2019-2024 ($M) - Regional Industry Research
28.4 Education Market 2019-2024 ($M) - Regional Industry Research
28.5 Retail & CPG Market 2019-2024 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Version Control Systems Market Revenue, 2019-2024 ($M)2.Canada Version Control Systems Market Revenue, 2019-2024 ($M)
3.Mexico Version Control Systems Market Revenue, 2019-2024 ($M)
4.Brazil Version Control Systems Market Revenue, 2019-2024 ($M)
5.Argentina Version Control Systems Market Revenue, 2019-2024 ($M)
6.Peru Version Control Systems Market Revenue, 2019-2024 ($M)
7.Colombia Version Control Systems Market Revenue, 2019-2024 ($M)
8.Chile Version Control Systems Market Revenue, 2019-2024 ($M)
9.Rest of South America Version Control Systems Market Revenue, 2019-2024 ($M)
10.UK Version Control Systems Market Revenue, 2019-2024 ($M)
11.Germany Version Control Systems Market Revenue, 2019-2024 ($M)
12.France Version Control Systems Market Revenue, 2019-2024 ($M)
13.Italy Version Control Systems Market Revenue, 2019-2024 ($M)
14.Spain Version Control Systems Market Revenue, 2019-2024 ($M)
15.Rest of Europe Version Control Systems Market Revenue, 2019-2024 ($M)
16.China Version Control Systems Market Revenue, 2019-2024 ($M)
17.India Version Control Systems Market Revenue, 2019-2024 ($M)
18.Japan Version Control Systems Market Revenue, 2019-2024 ($M)
19.South Korea Version Control Systems Market Revenue, 2019-2024 ($M)
20.South Africa Version Control Systems Market Revenue, 2019-2024 ($M)
21.North America Version Control Systems By Application
22.South America Version Control Systems By Application
23.Europe Version Control Systems By Application
24.APAC Version Control Systems By Application
25.MENA Version Control Systems By Application
26.Atlassian, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.AWS, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.CA Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Canonical, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Codice Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.Collabnet, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Github, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.IBM, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.IC Manage, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Logicaldoc, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Luit Infotech, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.Micro Focus, Sales /Revenue, 2015-2018 ($Mn/$Bn)
38.Microsoft, Sales /Revenue, 2015-2018 ($Mn/$Bn)
39.Perforce Software, Sales /Revenue, 2015-2018 ($Mn/$Bn)
40.Sourcegear, Sales /Revenue, 2015-2018 ($Mn/$Bn)