Version Control Systems Market Share Worth $1085.86 Million By 2027 - New Research Report By Industryarc

2022-11-03 07:16:43

(MENAFN- EIN Presswire)

Market Research Reports, Business Consulting Services & Analytics

Increasing Deployment of Cloud-Based Version Control Systems are Driving the Version Control Systems Market Growth Forward

HYDERABAD, TELANGANA, INDIA, November 3, 2022 / / -- IndustryARC, in its latest report, predicts that 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. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

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Key takeaways:

1. 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.

2. 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.

3. 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.

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Segmental Analysis:

1. 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.

2. 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.

3. 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.

Competitive Landscape:

The top 5 players in the Version Control Systems industry are -

1. Atlassian Corporation PLC

2. Amazon Web Services

3. CA Technologies

4. Perforce Software

5. Codice Software

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A. Software Development AI Market

B. Devops Market

Venkat Reddy
IndustryARC

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