Report: global version control systems market to reach $2.1bn by 2033

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 digitisation 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 digitisation 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.

Key Takeaways

• With a market revenue share of 33.4% in 2022, North America was expected to have the largest share of the global market.
• By 2033, the global market is expected to be worth US$ 2.1 billion.
• Europe was expected to account for 29.5% of the global market.
• The segment of Centralised Version Control System was expected to account for 63.6% of the global market.
• Germany was expected to account for 8.7% of the global market.

“Technological advances have resulted in a shift towards digitisation and automated processes in order to reduce associated manual labor and errors. In addition, the ease of accessibility and user-friendliness reflect the substantial demand for the same,” says the FMI analyst

Competitive landscape

Redgate Software, a supplier of database DevOps solutions, implemented many forthcoming modifications to its inventory, such as Flyway, in October 2022, which would help businesses and organisations standardise and optimise cross-database advancement. 

The combined use of CircleCI and GitLab elevated the overall number of DevOps tools in July 2022. CircleCI added functionality for GitLab SaaS subscribers, enabling GitLab repositories to be integrated with the CircleCI system. CircleCI was able to obtain modified code from GitLab repositories while running the corresponding constructs as functions were tested earlier than going live because of this cooperation.