According to the latest report by IMARC Group, titled "Version Control Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global version control systems market is expected to grow at a CAGR of 9.5% during 2022-2027. Version control systems (VCS) refer to software tools that are generally used by developer teams for managing and tracking various changes in software codes. They enable rapid iteration and collaboration on a new product or software features while assisting teams in delivering business values and meeting customer requirements. As a result, they help enterprises in enhancing the project development speed, leveraging expedites on product delivery and productivity, and enabling employees to contribute from anywhere irrespective of their geographical location. At the same times, they aid in reducing the possibilities of errors and conflicts and eliminating the need for manually tracking and managing changes.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Version Control Systems Market Trends:
The global market is primarily driven by rapid digitization across the corporate segment. This has encouraged leading players to heavily invest in the deployment of vision control systems across multiple businesses. Moreover, continuous technological advancements, such as the introduction of advanced version control systems and the integration with cloud-based solutions, are propelling the market growth. In addition to this, the increasing complexities of information technology (IT) infrastructure in organizations, leading to the growing need for various systems in order to minimize the difficulties in developing and deploying software applications, is impelling the demand for version control systems. Furthermore, the rapid outbreak of coronavirus disease (COVID-19) and the rising adoption of remote working models are impacting the market favorably. Apart from this, the widespread adoption of smartphones that has led to the escalating dependency on software solutions is expected to propel the demand for version control systems on the global level. Other factors, including rapid urbanization, intensive business competition and extensive research and development (R&D) activities conducted by key players, are also positively influencing the market.
- On the basis of the printing type, the market has been categorized into centralized version control systems (CVCS) and distributed version control systems (DVCS)
- Based on the deployment type, the market has been segmented into on-premises and cloud-based.
- On the basis of the enterprise size, the market has been classified into large and small and medium enterprises.
- Based on the end-use, the market has been segregated into BFSI, education, healthcare and life sciences, IT and telecom, retail and CPG and others.
- On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others) and the Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of these players include Amazon.com Inc., Atlassian Corporation Plc, GitHub Inc. (Microsoft Corporation), International Business Machines Corporation, LogicalDOC, Luit Infotech, Micro Focus, Perforce Software Inc., PTC Inc., Unity Software Inc., WANdisco plc. and Wildbit LLC.
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