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.
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.