Version Control System Market - Growth, Trends, and Forecasts (2023 - 2028)

The Version Control System Market is Segmented By Type (Distributed VCS, Centralized VCS), Deployment Mode (On-Premise, On-Cloud), End-user Industry (IT and Telecom, Retail & E-commerce, Healthcare and Life Sciences, BFSI), and Geography.

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Version Control System Market Size

version control system market share
Study Period: 2018 - 2028
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 10 %

Major Players

version control system market major players

*Disclaimer: Major Players sorted in no particular order
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Version Control System Market Analysis

The Version Control System Market is expected to register a CAGR of approximately 10% during the forecast period (2020 - 2025). The instances of adoption of software applications are increasing in businesses across the sectors, due to the rapid digitization of business processes.

  • According to a study by Flexera Software, Approximately 79% of the organizations plan to adopt public cloud for their businesses by 2020, which is expected to boost the deployment of SaaS applications in enterprises. Hence, the adoption of version control system tools will assist software developers in developing software solutions for enterprises seamlessly.
  • Also, a study by Cisco Systems demonstrated that amongst the cloud workloads installed worldwide, SaaS applications held the majority share. In 2018, approximately 206 million SaaS applications were installed globally, whereas only 50 million IaaS workloads and approximately 24 million PaaS workloads were installed globally. The number of SaaS workloads expected to be installed by 2021 is expected to reach 380 million.
  • Moreover, due to the increasing complexity of IT infrastructure in organizations, companies are looking for solutions to reduce complexities in developing and deploying software applications, which increases the demand for VCS tools, which assists the software developers in seamlessly and accurately develop software applications.
  • COVID-19 has positively affected the market growth. Amidst the pandemic, choice of cloud computing models is vital to any businesses's long-term sustainability and profitability. The cloud service models on offer are expanding to meet increasingly focused and bespoke business models. Businesses are also moving towards more personalised virtual machine services better suited to their needs. Such initiatives are expected to increase the usage of version control system in coming years. 

Version Control System Industry Segmentation

Version control systems record changes to files by keeping track of modifications done to the code while developing software applications for organizations. The two major types of Version Control Systems are - Distributed VCS and Centralized VCS.

Deployment Mode
On-Premise
On-Cloud
End-user Industry
IT and Telecom
Retail & E-commerce
Healthcare and Life Sciences
BFSI
Other End-user Industries (Media and Entertainment, Travel and Tourism, Educational Institutions)
Type
Distributed VCS
Centralized VCS
Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa

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Version Control System Market Trends

This section covers the major market trends shaping the Version Control System Market according to our research experts:

BFSI Industry Expected to Hold Significant Share

  • The BFSI industry is expected to depict a significant share of adoption of version control system tools, owing to the rapid adoption of mobile applications and other software applications in the industry. Hence, the increasing dependency on software in the industry is expected to proliferate the demand for VCS tools in the industry.
  • Digitization helps banking companies provide several services through a banking platform, which helps the companies significantly reduce complexity and cost of operations and further drive innovation. It also helps the companies undergo a progressive transformation while digitizing business processes, and implement key enterprise capabilities.
  • Banking companies like Goldman Sachs, J.P. Morgan Chase, Deutsche Bank, and many more are increasingly collaborating with solution providers to adopt VCS solutions in their banking operations. It helps the banking industries lower the operational costs while providing customized solutions to its customers.
version control system market growth

North America Expected to Dominate the Market

  • North America is expected to dominate the Version Control System Market owing to several factors, such as the presence of major market players in the region and the increasing expenditure on the development of software applications across industries.
  • Also, the region has always remained dominant in innovating and adopting technological advancements and digitizing of business processes across several industries. Also, the regional companies are making significant R&D expenses in innovating solutions for the industry, which further aids in market growth.
  • AWS collaborated with Atlassian, which will enable AWS to support the Atlassian Bitbucket Cloud source repository on the AWS CodePipeline, allowing for the automation of the build, test, and deploy phases of release process every time there is a code change. AWS CodePipeline is a fully managed continuous delivery service that automates the release pipelines for fast and reliable application and infrastructure updates. 
version control system market trends

Version Control System Industry Overview

The competitive landscape of the Version Control System Market is moderately fragmented as the technology is in its development stage, which is paving the way for several solution providers to emerge in the market. Also, the market players are forming strategic collaborations to boost their market presence.

  • July 2019 - Anaxi announced support for the 10 million users of the Bitbucket version control repository for source code and development projects, in which the Anaxi app can be used by product development teams from a single interface, to manage their software projects in GitHub and GitHub Enterprise, Bitbucket, as well as Jira Cloud and Server. By providing a holistic view, it’s possible to see both a high level of projects’ and peoples’ status while also drilling down to see details. Users can also personalize views according to their needs for specific projects, making tracking progress much easier, efficient, and accurate.

Version Control System Market Leaders

  1. Github, Inc.

  2. Gitlab, Inc.

  3. Bitbucket.org (Atlassian Corporation Plc)

  4. Beanstalk (Wildbit, LLC)

  5. Amazon Web Services, Inc.

*Disclaimer: Major Players sorted in no particular order

Github, Inc. Gitlab, Inc. Bitbucket.org (Atlassian Corporation Plc) Beanstalk (Wildbit, LLC) Amazon Web Services, Inc.

Version Control System Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Digitization of Business Processes Leading to Adoption of Software

      2. 4.2.2 Increasing Demand for Reduced Complexities in Software Development and Cost Optimization

    3. 4.3 Market Restraints

      1. 4.3.1 Use of Diversified Software Applications in Organizations

      2. 4.3.2 Growing Complexity Due to Massive Data Generation

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

    5. 4.5 Assessment of Impact of Covid-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Deployment Mode

      1. 5.1.1 On-Premise

      2. 5.1.2 On-Cloud

    2. 5.2 End-user Industry

      1. 5.2.1 IT and Telecom

      2. 5.2.2 Retail & E-commerce

      3. 5.2.3 Healthcare and Life Sciences

      4. 5.2.4 BFSI

      5. 5.2.5 Other End-user Industries (Media and Entertainment, Travel and Tourism, Educational Institutions)

    3. 5.3 Type

      1. 5.3.1 Distributed VCS

      2. 5.3.2 Centralized VCS

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles*

      1. 6.1.1 Github, Inc.

      2. 6.1.2 Gitlab, Inc.

      3. 6.1.3 Bitbucket.org (Atlassian Corporation Plc)

      4. 6.1.4 Beanstalk (Wildbit, LLC)

      5. 6.1.5 Amazon Web Services, Inc.

      6. 6.1.6 CollabNet, Inc.

      7. 6.1.7 Microsoft Corporation

      8. 6.1.8 Perforce Software, Inc.

      9. 6.1.9 APAChe Software Foundation

      10. 6.1.10 Dynamsoft Corporation

  7. 7. INVESTMENT ANALYSIS

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Version Control System Market Research FAQs

The Version Control System Market is studied from 2018 - 2028.

The Version Control System Market is growing at a CAGR of 10% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2018 - 2028.

North America holds highest share in 2021.

Github, Inc., Gitlab, Inc., Bitbucket.org (Atlassian Corporation Plc), Beanstalk (Wildbit, LLC), Amazon Web Services, Inc. are the major companies operating in Version Control System Market.

Version Control System Industry Report

Statistics for the 2023 Version Control System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Version Control System analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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