The accurate prediction of two-phase gas and liquid flow regimes is important in the proper design, operation and scale-up of pressure management and fluid handling systems in a wide range of industrial processes. This paper provides a comprehensive review of 3947 published experimental data points for gas-liquid flow maps in vertical pipes and annuli, including a critical analysis of state-of-the-art measurement techniques used to identify bubble, slug, churn and annular flow regimes. We examine the critical factors of pipe geometry (diameters, deviation from vertical), fluid properties and flow conditions that affect the transition from one flow regime to another. The review surveys the theoretical models available to predict flow regime transitions, and we validate the accuracy of these models using the published experimental data. The most reliable flow regime transition models for Moreover, based on the review we provide an outlook on the research needs and important developments in prediction of two-phase flow in vertical pipes including the use of computational fluid dynamics (CFD) techniques to simulate gas-liquid flows in vertical geometries.