The Version Control Systems Market Is Driven By Increasing Use Of Advanced Electronic Devices

According to a new market research report published by Brisk Insights Global Version Control Systems Market (Type (Centralized Version Control Systems, Distributed Version Control Systems), Deployment Model (On-premise, Cloud), Industry Verticals (IT & Telecom, BFSI, Healthcare & Life Sciences, Retail & CPG, Education) – Growth, Future Prospects and Competitive Analysis, 2019 - 2027”, the version control systems market is set to grow with a CAGR of 10.9% during the forecast period from 2019 to 2027, starting from $450.1 Mn in 2018.

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Market Insights

The global version control systems market is driven by growing usage of smartphone and tablets which require continuous monitoring and upgrading. Growing use of these devices drives the need to reduce complexities in the process of software development and maintenance. Furthermore, growing demand for digital tools and automation techniques drives the demand for large scale version control systems which will be able to handle the huge amount of data being generated across the globe.  

The advanced version control systems offer various advantages such as portability, interoperability, and auditing which is likely to drive the demand for these products. Moreover, increasing demand for user-friendly interfaces and easy to use tools have generated need for automated solutions tracking tools. However, availability of open source version control systems, and increasing amount of data being generated are effecting the rate of adoption and thus restraining the growth of this market during the forecast period.  

Based on type, the distributed version control systems (DVCS) dominated the overall market by holding a largest market share of around 2/3rd of the market. This system helps the user keep the data logged locally and do not rely on the central server to store the data. DVCS also provides a way to conduct changes to the central repository. They are also considered to be fast and reliable and are easier to work with compared to the CVCS.  

Based on geography, North America held a leading market share in 2018. However, Asia-Pacific is likely to witness a fastest growth of over 12% during the forecast period. In this region the information technology industry is growing at a rapid pace as the number of start-ups are increasing gradually. Furthermore, the adoption of smartphones and tablets is high in the emerging countries such as India and China, which drives the demand for version control systems in these countries.  

Key players in the Version Control Systems market are IC Manage, Atlassian, CA Technologies, CollabNet, Codice Software, IBM, LogicalDOC, Micro Focus, Luit Infotech, Microsoft, SourceGear, Perforce Software, Apache Software Foundation, Dynamsoft Corporation, and BitMover Inc.