Published by mark itwired
Posted on October 7, 2021
5 min readLast updated: January 30, 2026
The Version Control Systems market is set to grow at a 10.7% CAGR by 2031, driven by digitalization and automation, with centralized systems leading the market.
The version control systems market study by Future Market Insights (FMI) offers insights into key segments including type and deployment. As per the report, the leading market players are adopting various organic and inorganic strategies as they aim for expanding their footprint globally.
As per Future Market Insights (FMI), the global market for version control systems (VCS) is projected to expand at a CAGR of 10.7% over the forecast period 2021-2031, totaling US$ 629.3 Mn in 2021. Despite logistical challenges amid restrictions imposed to contain the pandemic in 2020, the market is forecast to register 9.3% year-on-year growth in 2021.
Surge in demand for automation and digitalization in the software development process is creating favourable environment for growth of the version control systems market. Besides this, increasing need for user-friendly solutions is accelerating demand for automated tracking tools and software solutions. This in turn presenting a positive demand outlook.
Software developers operating in the market are adopting cloud-based VCS for increasing efficiency and minimizing overall cost of operations. Apart from this, integration of cloud based deployment services with the source control system is helping developers to streamline their development processes. Considering this, demand for version control systems will continue increasing on account of their features including, interoperability, portability, and auditing.
In the forthcoming years, manufacturers will increasingly invest in research and development activities to capitalize on existing growth opportunities. Among various systems, sales in the centralized VCS segment are soaring due to high demand for cost-effective tools to reduce complexities in software development. FMI has estimated the segment to account for 63.6% share of the overall market by the end of 2021.
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Regionally, North America will emerge as a highly lucrative market. Growth prospects are likely to remain positive for the U.S. market driven by robust presence of service providers including IBM, Microsoft and rising adoption of smartphones. As per the study, the U.S. is likely to grow at a rate of 10.1% over the forecast period 2021-2031, totalling US$ 210.6 Mn in 2021.
“Increasing popularity of digitization and automation across various sectors including banking, financial services and insurance (BFSI), healthcare, information technology (IT) & telecom is propelling demand for version control software solutions,” said a FMI analyst.
Key Takeaways from Version Control Systems Market Survey
Key Drivers
Key Restraints
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Competitive Landscape
Version control systems manufacturers are focusing on new product innovations along with undertaking strategic acquisitions and partnerships to expand their market footprint while addressing evolving needs of customers.
For instance, in 2019, Micro Focus announced the acquisition of Interset, a global leader in security analytics software. This new innovation adds advanced machine learning and User and entity behavioural analytics to an already established Micro Focus’ security risk & governance portfolio.
In 2020, IBM Corporation announced the acquisition of Instana, an application performance monitoring and Observability Company. With the acquisition of Instana, IBM will help companies use artificial intelligence (AI) to better manage the complexity of modern applications.
Some of the leading players operating in the version control systems market profiled by Fact.MR are:
More Valuable Insights on Version Control Systems Market
FMI, in its new report, offers an unbiased analysis of the global version control systems market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in version control systems market with detailed segmentation:
Type
Deployment
Enterprise size
Industry
Region
Direct Purchase of this Report@ https://www.futuremarketinsights.com/checkout/5574
Key Questions Covered in the Version Control Systems Market Report
The post Version Control Systems Market 2021 by Global Key Players, Types, Applications, Countries, Industry Size and Forecast to 2031 appeared first on Industry News Analsis.
The article discusses the growth and forecast of the Version Control Systems market from 2021 to 2031.
The growing demand for digitalization and automation in software development are key drivers.
North America, particularly the U.S., is a leading region in the VCS market.
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