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Version Control refers to systemic track keeping of modifications made to code and other components during the software development process. It enables multiple developers to work on the same project simultaneously without overwriting each other's changes, while also maintaining a historical record of all modifications. This allows teams to collaborate more effectively, revert changes when necessary, and identify who made specific modifications. In the context of Continuous Deployment, Version Control plays a crucial role by providing the source code management required for automating software delivery. It ensures that the most recent version of the application is always available for deployment, and facilitates rollbacks in case of issues. By integrating Version Control with other Application Lifecycle Management tools, teams can further streamline their development workflows and ensure consistency across different stages of the software development process.