Version Control System Market Size Worth $2.04 Billion By 2026: Grand View Research, Inc.
SAN FRANCISCO, Sept. 7, 2020 /PRNewswire/ -- The global version control system market size is expected to reach USD 2.04 billion by 2026, registering a Compound Annual Growth Rate (CAGR) of 12.6% from 2020 to 2026, according to a new report by Grand View Research, Inc. The growing need for reducing complexities in software development processes is expected to drive market growth. Additionally, enterprises are widely focused on minimizing human errors while developing software and efficiently tracking modifications in the software. This is also expected to contribute to market growth.
Key suggestions from the report:The Distributed Version Control Systems (DVCS) segment is expected to witness remarkable growth over the forecast period, as it provides flexible workflows that are tailored based on the user's project and to meet the needs of the developer team The cloud deployment segment is expected to expand at the highest CAGR of 13.0% over the forecast period as it minimizes the total ownership cost and increases data storage capabilities for enterprises The small and medium enterprises segment is expected to contribute significantly to the rising demand for cost-effective solutions & services for optimizing their development process The retail and CPG sector is rapidly adopting version control systems owing to changing consumer needs and growing demand for continuously updating their website content and mobile applications The Asia Pacific market is expected to register the highest CAGR over the forecast period. This can be attributed to the emergence of advanced cloud-based solutions, improved infrastructures, and digitization in the region.
Read 120 page research report with ToC on "Version Control System Market Size, Share & Trends Analysis Report By Type, By Deployment, By Enterprise Size, By End Use, By Region, And Segment Forecasts, 2020 - 2026" at: https://www.grandviewresearch.com/industry-analysis/version-control-system-market
Version control systems enable software providers to keep track of the changes in documents, website content, mobile applications, and software. Enterprises across the globe are transforming their organization structure from traditional business processes to automated applications in an attempt to increase their operational efficiency. This often leads to challenges in managing software and their different versions. The growing need among enterprises to overcome these challenges is expected to, in turn, drive the demand for version control systems.
Furthermore, key players are focused on adopting marketing strategies such as free trials, limited free versions, and discounts on licenses for certain products to attract more customers. For instance, Atlassian offers free trials, affordable starter licenses, or limited free versions for certain products to promote its brand and product awareness and to increase its product adoption.
Grand View Research has segmented the global version control system market based on type, deployment, enterprise size, end-use, and region:Version Control System Type Outlook (Revenue, USD Million, 2015 - 2027) Centralized Version Control Systems (CVCS) Distributed Version Control Systems (DVCS) Version Control System Deployment Outlook (Revenue, USD Million, 2015 - 2027) On-premise CloudVersion Control System Enterprise Size Outlook (Revenue, USD Million, 2015 - 2027) Large Enterprises Small & Medium EnterprisesVersion Control System End-use Outlook (Revenue, USD Million, 2015 - 2027) BFSI Education Healthcare & Life Sciences IT & Telecom Retail & CPG OthersVersion Control System Regional Outlook (Revenue, USD Million, 2015 - 2027) North America The U.S. CanadaEurope The U.K. GermanyAsia Pacific China India JapanLatin America BrazilMEA
List of Key Players of Version Control System MarketAtlassian Amazon.com, Inc. Collabnet IBM Corporation Micro Focus Microsoft Corporation PTC, Inc. SeaPine Software WANdisco, Inc. Wildbit LLC.
Find more research reports on Next Generation Technologies Industry , by Grand View Research:Development to Operations Market – The global Development to Operations (DevOps) market size was valued at USD 2.77 billion in 2016 and is expected to expand at a CAGR of 18.60% over the forecast period. Enterprise Key Management Market – The global enterprise key management market size was valued at USD 760.8 million in 2016 and is presumed to gain traction over the forecast period. Bare Metal Cloud Market – The global bare metal cloud market size was valued at USD 1,326.9 million in 2016 and is estimated to grow significantly over the next eight years.
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Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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