Version Control Systems Market Size 2021-2030, Trends and Growth Factors and Details for Business Development

In a recent published report, Kenneth Research has updated the market report for Version Control Systems Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Version Control Systems Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

Market Synopsis of Version Control Systems Market

Market Scenario

Distributed version control systems (DVCS) are fast, reliable, and easy to use resulting in providing a complete code database on a developer’s computer. DVCS perform actions and tasks by keeping work logged locally, resulting in streamlining the changesets. Additionally, it takes critical decisions such as pushing new changes to a central repository, automatically. Hence, DVCS is projected to lead the version control systems market in the type segment over the forecast period. Owing to this, the market is estimated to witness a positive growth. Furthermore, Market Research Future predicts the maturity of the global version control system market with a CAGR of 11.34% and market value of USD 779.44 million in the year 2023.

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Increasing adoption of smartphones and mobile applications is one of the major factors driving the growth of the version control system market over the assessment period. Smartphones are inbuilt with mobile applications which require back-end support to ensure ease of management. The version control system allows application developers to track and compare previous files and sources and ensures monitoring modifications which takes place in the mobile application due to the control system. Therefore, the version control systems market is expected to witness a positive growth impact due to the increasing adoption of smartphones and mobile applications. However, the implementation of varied applications such as ERP, CRM, and others in the IT organizations is negatively impacting the growth of the version control systems market in the forecast period.

The Global Version Control Systems Market, 2018–2023 (USD Million)

Version Control Systems Market Research Report – Global Forecast to 2023 -Report image 00

The global version control systems market is expected to reach USD 779.44 million growing at 11.34% CAGR over the forecast period 2018–2023.

Key Players

The prominent players in the version control system market are CA Technologies (US), IBM (US), Microsoft (US), (US), Atlassian (Australia), Codice Software (Spain), Canonical Ltd. (UK), CollabNet (US), LogicalDOC (US), and SourceGear LLC (US).

Luit Infotech (P) Ltd. (India), Micro Focus (UK), and Perforce Software Inc. (US) are among the other players in the market.


The version control systems market is segmented on the basis of type, deployment type, organization size, vertical, and region. These segments are further sub-segmented into the following:

By type, the version control systems market is bifurcated into centralized version control system (CVCS) and distributed version control system (DVCS).

By deployment type, this market is segmented into cloud and on-premise.

By organization size, the market is segmented into small and medium-sized enterprise and large enterprise.

By vertical, the version control systems market is segmented into BFSI, IT and telecom, healthcare, education, retail, and others.

By region, North America, Europe, Asia-Pacific, and the rest of the world are the global segments.

Regional Analysis

The regional analysis of version control systems market is considered for North America, Europe, Asia-Pacific, and the rest of the world.

Increase in the need to reduce complexities related to software development in IT companies such as IBM, Microsoft, CA Technologies,and others in the US is expected to be one of the major factors for the dominance of North America in the version control systems market. The US and Canada are a few countries in the region, leading due to technical advancements and increasing adoption of cloud-based services and solutions. Hence, North America is expected to witness the largest market share in the version control system market during the forecast period. Asia-Pacific is expected to be the fastest growing region in the market, due to the adoptions of DevOps by organizations as it avoids dependency issues in modern applications and delivers reliable results. Europe is expected to show a high growth rate during the forecast period owing to the growing investments of tech leaders such as Microsoft, Intel, IBM, and others in the European IT market. Furthermore, the version control systems market is expected to witness a significant growth in the rest of the world regional segment.

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Target Audience

Technology providers

Research organizations

Network and system integrators

Third-party service providers

Application developers

Version control system providers

System integrators

IT infrastructure managers

Managed service providers

Cloud service providers

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