Global Version Control System Market (by Type (Centralized Version Control Systems (CVCS), Distributed Version Control Systems (DVCS))-by Deployment Type (Cloud and On-premises)-by Organization Size (Large Enterprises, Small and Medium Sized Enterprises)-by Industry Vertical (IT & Telecom, BFSI, Healthcare & Life Sciences, Retail & CPG, Education, Others (Government, Energy & Utilities, Travel & Hospitality, and Media & Entertainment))- by Geography (North America, Europe, Asia Pacific, Middle East & Africa and Latin America)) is expected to reach US$ $716 Mn by 2026 at a CAGR of 10.2%.

Version Control systems are a category of software tools which helps software team manage changes to source code over time. Version control software keeps trail of modification to the code in a database. Version control system helps teams to solve the problems, helping prevent concurrent work from conflicting and tracking every individual change by contributor.

The rising demand for automation, growing need to reduce complexities in software development, continuously increasing adoption of tablets and smartphones, and digitalization tools are major factors driving the global market.

Some of the restraining factors such as the use of diverse applications in IT organizations and the high competition (with the presence of open-source version control systems providers and IT giants) are expected to hinder the growth of the market.

Centralised version control systems segment is expected to dominate the market during 2018-2026

Among types, the centralised version control systems segment is expected to dominate the market during the forecast period, as this system is likely to be most attractive in the global version control system market during the forecast period. While, the distributed version control systems is expected to reach at the highest CAGR during the forecast period, as this segment is likely to gain significant transaction over forecast period.

IT & telecom segment is expected to lead the market during 2018-2026

Based on vertical, the IT & telecom segment is expected to lead the market during the forecast period, owing to the recurring release of updated software versions, growth in the development of mobile applications, and the need to identify and resolve software bugs have led to an increased demand for version control systems in IT & telecom organizations. IT & telecom organizations can work on the latest release and able to secure the source code of the current version due to version control system.

Small & medium enterprises (SMEs) segment is expected to reach at the highest CAGR during 2018-2026

Among organization size, the small & medium enterprises (SMEs) segment is expected to reach at the highest CAGR during the forecast period, while large enterprises expected to have large market size during the forecast period. SMEs require cost-effective solutions that can help them optimize their business processes due to its limited budgets.

On-premises segment is likely to lead the market during 2018-2026

While using deployment type segment, the on-premises segment is likely to lead the market during the forecast period, as the on-premises deployment of version control systems enables customers to control the security of enterprise data, such as version enhancements, source code, and source code change history. On-premises deployment model requires IT professionals who can track, manage, and monitor the version control process in real time. On-premises deployment is adopted by large organizations, as they are focused on the privacy and security of enterprise data.

North America is expected to have larger market share of the market during the 2018-2026

Region segment is divided into North America, APAC, LAMEA, and Europe. The APAC is expected to reach at the highest CAGR during the forecast period, while North America is expected to have larger market share of the market during the forecast period. North America is the most advanced region in terms of technology adoption and infrastructure.

This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Atlassian, AWS, CA Technologies, Canonical, Codice Software, CollabNet, GitHub, IBM, IC Manage, LogicalDOC, Luit Infotech, Micro Focus, Microsoft, Perforce Software, SourceGear  etc.

Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global version control system market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global version control system market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain dynamic global version control system market positioning of competitors.

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