The elevated demand for automated software management and tracking tools is projected to propel market growth. The global version control systems market is expected to reach US$ 757.5 million in 2023.
According to Future Market Insights, the global version control systems market is expected to rise at a 10.8% CAGR from 2023 to 2033. By the end of the said period of assessment, the industry is expected to be valued at US$ 2.1 billion.
Version control systems that were previously standalone applications are now being integrated into a variety of software offerings. This integration allows developers to take advantage of the enhanced characteristics of a version control system while keeping track of every change to the file in question. Technological advances have resulted in a shift toward automation and digitization in order to reduce associated human tasks and errors. Furthermore, the ease of operation and user-friendliness reflect the high demand for the same.
As a result, the elevated demand for automated software management and tracking tools is projected to propel market growth. The global version control systems market is expected to reach US$ 757.5 million in 2023. Increased requirements for digitization and robotics in the procedure for creating software, combined with the rising popularity of mobile devices such as tablets and smartphones, will likely stimulate the widespread implementation of software version control systems.
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the version control system market presenting a historical analysis from 2018 to 2022 and forecast statistics for the period of 2023–2033.
The study reveals essential insights by 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) & Region
Market Segmentation by Category
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 06, 2023