Microsoft and IBM are the Key Players in the Version Control Systems Market - Report by MarketsandMarkets™

According to recent research "Version Control Systems Market by Type (Centralized Version Control Systems & Distributed Version Control Systems), Deployment Type (Cloud & On-Premises), Organization Size, Vertical (IT & Telecom, BFSI), and Region - Global Forecast to 2023", The version control systems market is expected to grow from USD 438.8 million in 2018 to USD 716.1 million by 2023, at a CAGR of 10.3% from 2018 to 2023. This market’s growth is primarily driven by the increasing demand for automation and digitalization tools in software development processes and the continuously growing adoption of smartphones and tablets.

Browse 48 market data Tables and 36 Figures spread through 131 Pages and in-depth TOC on "Version Control Systems Market"

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The cloud segment is projected to grow at a higher CAGR than the on-premises segment during the forecast period.

Based on deployment type, the cloud segment of the version control systems market is projected to grow at a higher CAGR than the on-premises segment during the forecast period. Cloud deployment of version control systems helps cut down the total cost of ownership and increase data storage capabilities for organizations. Organizations are finding cloud-based version control systems attractive, as they are affordable, easy to deploy, offer agility to organizations, and provide more scalability functions as compared to on-premises solutions. These factors are supporting the growth of the cloud-based version control systems.

The small & medium enterprises segment is projected to grow at a higher CAGR than the large enterprises segment from 2018 to 2023.

Based on organization size, the small & medium enterprises (SMEs) segment of the version control systems market is expected to witness a higher growth than the large enterprises segment during the forecast period. SMEs have limited budgets and hence require cost-effective solutions that can help them optimize their business processes. The implementation of cloud-based version control systems is expected to result in increased revenue, desired business outcome, and improved business efficiency for SMEs. SMEs majorly prefer open-source version control systems due to their cost-effectiveness. Faster software delivery, which is a critical focus area for SMEs, is adequately fulfilled by the implementation of version control systems.

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The North America region is estimated to lead the version control systems market in 2018.

North America is estimated to lead the global version control systems market in 2018. The North American region is the earliest adopter of cloud technologies and has advanced infrastructure capabilities. It is also the largest revenue generating region for the version control systems market. The presence of key players, such as Perforce Software, GitHub, SourceGear, Microsoft, IBM, CollabNet, and CA Technologies, is a major driving factor for the growth of the version control systems market in this region.

The ecosystem of the version control systems market includes key players such as Atlassian (Australia), AWS (US), CA Technologies (US), Canonical (UK), Codice Software (Spain), CollabNet (US), GitHub (US), IBM (US), IC Manage (US), LogicalDOC (US), Luit Infotech (India), Micro Focus (UK), Microsoft (US), Perforce Software (US), and SourceGear (US).

Microsoft provides various version control systems, such as Team Foundation Version Control (TFVC), Visual Studio Team Services (VSTS), Team Foundation Server, Visual SourceSafe, and Visual Studio Code. The company has been among the most innovative companies in the world. It has adopted product enhancement as one of its key growth strategies to offer innovative and upgraded products.

IBM offers a comprehensive set of products in the version control systems market. Its featured products include IBM Rational ClearCase, IBM Rational Synergy, IBM Rational Team Concert, IBM Rational Change, and IBM Rational Collaborative Lifecycle Management. The company has strong business strategies that are backed by several factors, such as strong infrastructure, presence in over 175 countries across the globe, and robust partner channels. The company has adopted organic growth strategies, such as product enhancements.

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