Version Control Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
Global Version Control Systems Market: Snapshot
The global version control systems market is predicted to attain growth with the need to do away with as many complexities of software programming as possible. Small and medium-sized enterprises (SMEs) could be profit-making clients of companies offering version control systems, taking into account the high adoption rate exhibited by them. There could be a need to introduce the integration of decentralized and centralized version control systems for improved performance. Version control systems derived from this integration may offer improved user experience and effectually stamp out cons of both types.
According to some researchers, centralized version control systems showcased their dominance in the global market in 2016. On the basis of revenue, centralized version control systems are anticipated to demonstrate attractive growth in the coming years. Nevertheless, distributed version control systems could record a high year-on-year (Y-o-Y) rise in the market. Version control systems could be integrated with various software development tools such as platform as a service (PaaS), build automation, and integrated development environment (IDE). Using a graphical user interface (GUI), developers could often manage how version control systems function with the application of version control tools.
If a product is to be qualified as a version control system, it is required to allow changes done by software developers to be reverted to a previous state and permit them to resolve conflicts on code mergers after showing them. Furthermore, developers should be allowed to use branching for isolating their code and keep track of code changes using a mechanism. A product should also show the history of changes made and allow to simultaneously work on the same code files. When given a command, version control systems could merge codes from different branches. They work as efficient tools to streamline the software development process.
Version Control Systems Market: Overview
The version control systems are the ones which record the alterations in a file or set of files over time. This helps in recalling a particular versions of it later on. The global version control systems market is prognosticated to surge at a steady CAGR of 11% and is foreseen to be valued significantly during forecast period from 2017 to 2027.
Version Control Systems Market: Trends and Opportunities
Increase in revenue of the global market can be credited to rise in number of installations all over medium and small-sized companies, along with better features of version control systems. The rise in adoption of tablets and smart phones, with rapid advancement in technologies has resulted in spurred investment on deployment a well as application development, all over the world. In above stages, version control system plays a part of an integral component, which has witnessed notable growth in its revenue. The market is expected to reach around significant valuation of US$ 900 mn, in year 2026.
Digitalization, automation, and reduction in of complexity are some of the major drivers which are positively influencing the global version control systems market. Moreover, advancement in technology has also supported the plight towards digitization and automation, with reduce human errors and tasks. With the rise in adoption of tablets and smartphones, all over the world, several types of mobile application have been launched. Owing to this, the backend activities are in great demand in order to track the alteration and provide ease of management.
Version Control Systems Market: Market Potential
Besides, the ease of operation and user friendliness has also stirred demand for automated software management and tracking tools. As a result of this, the version control systems market as well, is likely to experience growth in revenue, all over the world. For example, systems such as Bazaar created by a U.K based company, automatically keep a track of every change made in the source code and keeps a backup of every model.
As per the value, the Windows based version control systems market is expected to grow 2.9 times in the forecast period. Based on value, the Windows operating environment segment is likely to project the most lucrative market of the global version control systems in future years. The Windows segment is anticipated to hold about 3/4th of the total value share of the global market by 2027.
Version Control Systems Market: Geographical Analysis
Geographically, the global version control systems market is segmented into North America, Western Europe, Latin America, Eastern Europe, Asia Pacific, Japan and the Middle East and Africa. The Asia Pacific region of version control systems market is anticipated to experience a comparatively better growth rate within the forecast period. Moreover, the market in Europe is foreseen to represent a comparatively moderate growth rate in coming years.
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The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
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Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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