GitLab the online code repository that is quickly gaining traction among developers worldwide is valued at 4.23 billion USD by public markets currently. GitLab is undervalued, I think.
According to my estimates, GitLab's intrinsic value is around 25 billion USD for the next 5-7 years.
I write up until 7 years because the prospects of technology companies change very quickly nowadays.
Companies like Siemens, Goldman Sachs and organisations like NASA use GitLab for software development.
And due to the efficiency of GitLab's product offering many small and medium enterprises mainly in technology and many other industries also are paying for and using GitLab's product.
Now that GitHub is owned by Microsoft, many techies regard GitHub as bureaucratic since it is part of a big, slow-moving bureaucratic technology behemoth of a company like Microsoft.
Actually, the market for code repository, which includes team collaboration, code production, review and testing is not saturated in my humble opinion. GitHub and GitLab are the main players.
Personally, I think there is hundreds of billions of USD waiting to be unlocked and triggered in the software production market. Because code repository in practice assembles the world technologists' knowledge and structures and organises it in an accessible and efficient way.
Code collaboration sites like GitLab are actually Infrastructure as a Service, IaaS offering, which is the largest part of the cloud computing market.
Cloud computing market size is currently estimate at 414.23 billion USD, Infrastructure as a Service, IaaS cloud at 117.30 billion USD and projected to rise to 881.90 billion USD, Infrastructure as a Service, IaaS cloud at 327.50 billion USD in 2027.
Although cloud computing market growth rates will be undoubtedly affected by the current economic crisis, the figures above represent a huge opportunity for GitLab.
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