Version Control Systems Market Size Observep

Rhea
Rhea 2/11/2020 11:09:23 AM

Version
Control Systems Market Size Observe Significant Surge during 2019- 2023


In-depth study on Version
Control Systems Market by MarketsandMarkets™
provides broad analysis on the basis of growth, applications and key players
which is useful for better decision making.
 

According to a new
market research report
 "Version Control Systems Market by Type (Centralized
Version Control Systems & Distributed Version Control Systems), Deployment
Type (Cloud & On-Premises), Organization Size, Vertical (IT & Telecom,
BFSI), and Region - Global Forecast to 2023"
published by MarketsandMarkets™, the Version Control Systems
Market expected to grow from $438.8 million in 2018 to $716.1 million by 2023,
at a CAGR of 10.3% from 2018 to 2023. This market’s growth is primarily driven
by the increasing demand for automation and digitalization tools in software
development processes and the continuously growing adoption of smartphones and
tablets.

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"Version Control Systems Market"

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The cloud segment is projected to grow at a
higher CAGR than the on-premises segment during the forecast period.

Based on deployment type, the cloud segment of the
Version Control Systems Market is projected to grow at a higher CAGR than the
on-premises segment during the forecast period. Cloud deployment of version
control systems helps cut down the total cost of ownership and increase data
storage capabilities for organizations. Organizations are finding cloud-based
version control systems attractive, as they are affordable, easy to deploy,
offer agility to organizations, and provide more scalability functions as
compared to on-premises solutions. These factors are supporting the growth of
the cloud-based version control systems.

The small & medium enterprises segment is
projected to grow at a higher CAGR than the large enterprises segment from 2018
to 2023.

Based on organization size, the small & medium
enterprises (SMEs) segment of the Version Control Systems Market is expected to
witness a higher growth than the large enterprises segment during the forecast
period. SMEs have limited budgets and hence require cost-effective solutions
that can help them optimize their business processes. The implementation of
cloud-based version control systems is expected to result in increased revenue,
desired business outcome, and improved business efficiency for SMEs. SMEs
majorly prefer open-source version control systems due to their
cost-effectiveness. Faster software delivery, which is a critical focus area
for SMEs, is adequately fulfilled by the implementation of version control
systems.

The North America region is estimated to lead the
Version Control Systems Market in 2018.

North America is estimated to lead the global
Version Control Systems Market in 2018. The North American region is the
earliest adopter of cloud technologies and has advanced infrastructure
capabilities. It is also the largest revenue generating region for the Version
Control Systems Market. The presence of key players, such as Perforce Software,
GitHub, SourceGear, Microsoft, IBM, CollabNet, and CA Technologies, is a major
driving factor for the growth of the Version Control Systems Market in this
region.

The ecosystem of the Version Control Systems Market
includes key players such as Atlassian (Australia), AWS (US), CA Technologies
(US), Canonical (UK), Codice Software (Spain), CollabNet (US), GitHub (US), IBM
(US), IC Manage (US), LogicalDOC (US), Luit Infotech (India), Micro Focus (UK),
Microsoft (US), Perforce Software (US), and SourceGear (US).

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Source:
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