It’s anticipated that the market for version control systems will reach US$ 629.3 Mn. According to Future Market Insights’ (FMI) estimate, the market will expand at a remarkable rate of 10.7% CAGR between 2021 and 2031 as a result of the growing demand for automation and digitalization in the software development processes among businesses all over the world.
According to recently published data, the market for version control systems will expand by 9.3% annually in 2021. The most popular version control system is centralised. Distributed version control systems, on the other hand, are anticipated to expand at a CAGR of 12.7% over the course of the assessment year.
Version Control Systems Market : Competitive Landscape
According to the Future Market Insights analysis,
- IBM,
- Microsoft,
- Broadcom,
- Micro Focus,
- Apache Software Foundation,
- Canonical,
- Git,
- Perforce Software,
- Mercurial, and
- Dynamsoft,
are identified as key players in the version control systems landscape.
Companies manufacturing version control systems are aiming for product innovation and strategic partnerships with other software vendors to enhance their portfolios while addressing the demand of an expanding customer pool. Introduction of new products and strategic partnerships are key with the top players in the version control systems landscape.
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What are the Key Expansion Strategies Used by Version Control Systems Providers?
Companies operating in the version control systems market are delivering software solutions proactively, and are providing consultation services to help end-users maneuver through the ever-changing requirements.
With the deployment of version control systems market, the companies operating in the market are helping software teams to collaborate and maintain the complete history of code changes. This allows developers to keep track of the modifications being made to the software modules.
Companies have been working with software development teams to cater to their customization demands aimed at meeting their frequently-changing industry specific requirements.
How is the Sales Outlook for Version Control Systems Affected by Digital Transformation?
As the fundamental enabler of the digital transformation, software development has come into its own. Version control system adoption is anticipated to be fueled by the growing desire for automation and digitalization in the software development process, as well as the rising use of smartphones and tablets.
Spending on application development and deployment has surged as a result of rising smart phone and tablet penetration as well as developing technology. Version control systems will experience good growth since they are an essential part of the software development process.
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Market Segmentation by Category
Type:
- Local Version Control Systems
- Centralized Version Control Systems
- Distributed Version Control Systems
Deployment:
- Cloud
- On-premise
Enterprise size:
- SMEs
- Large Enterprises
Industry:
- BFSI
- Healthcare
- IT & Telecom
- Retail
- Education
- Others
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Key Success Factors
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About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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