As someone who used and administered p4 for ages, I regard git as a regression in this regard. Making git a fully distributed system is really expensive for certain use cases. My current employer still uses p4 for large integrated-circuit workflow assets.

A previous workplace was trying to migrate from svn to git, when we realized that every previous official build had checked in the resulting binaries. A sane thing to do in svn, where the cost is only on the server, but would have resulted in a naive conversion costing 50Gb on every client.