The Asia Pacific SaaS Escrow Services Market would witness market growth of 14.2% CAGR during the forecast period (2022-2028).
Licensees and customers of SaaS don’t require access to the entire software code as long as the program operates at its peak level and in conformity with the specifications provided by the vendor. When a customer doesn’t have the source code, the risk is higher that they won’t be able to effectively utilize the applications. If the licensor or vendor rejects the SaaS agreement or software license as a debtor in bankruptcy proceedings, the customer could end up with software that doesn’t work as it should.
There are various types of Escrows for SaaS systems following the need of the customer. Many SaaS licensees still ask for source-code-only escrow. A SaaS product requires all codes and information to operate correctly, so a source-code-only escrow won't do much if the vendor stops offering or supporting the development. Another option is mid-range SaaS escrow, which often contains source code, hardware configuration, object code, third-party products & connectors, and data. This arrangement can be a good option, but a customer must ensure its proper implementation.
The Indian banking sector has been one of the most stable systems, despite the upheavals in numerous nations. The government has consistently tried to promote financial inclusion through various initiatives to bring the nation’s underbanked population under the banking gamut. The government has been supportive of the banking sector in the country, especially on the financial inclusion agenda. The Chinese banking system is essential to the functioning of the nation’s economy, being the primary conduit through which savings are allocated to investment opportunities. Banking activity in China has increased rapidly in the last decade, jointly with the expansion of the Chinese economy.
The China market dominated the Asia Pacific SaaS Escrow Services Market by Country in 2021, achieving a market value of $952 million by 2028. The Japan market is experiencing a CAGR of 13.5% during (2022 - 2028). Additionally, The India market is exhibiting a CAGR of 14.9% during (2022 - 2028).
Based on Cloud Type, the market is segmented into Public Cloud, Private Cloud and Hybrid Cloud. Based on Type, the market is segmented into Hardware Configuration Services, Data Services, Legal Counseling Services and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium-sized Enterprises. Based on Vertical, the market is segmented into IT & Telecom, BFSI, Retail & E-commerce, Energy & Utility, Media & Entertainment, Manufacturing, Healthcare and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide SaaS Escrow Services Market is Projected to reach USD 12.4 Billion by 2028, at a CAGR of 13.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include NCC Group plc, Iron Mountain Incorporated, Ardas International, Inc., Escrowtech International, Inc., Harbinger Group Pty Ltd., Legal Escrow & Arbitration Services Limited, PRAXIS Technology Escrow, LLC, SES, and Escrow4all B.V.
Scope of the Study
Market Segments Covered in the Report:
By Cloud Type
- Public Cloud
- Private Cloud
- Hybrid Cloud
By Type
- Hardware Configuration Services
- Data Services
- Legal Counselling Services
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium-sized Enterprises
By Vertical
- IT & Telecom
- BFSI
- Retail & E-commerce
- Energy & Utility
- Media & Entertainment
- Manufacturing
- Healthcare
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- NCC Group plc
- Iron Mountain Incorporated
- Ardas International, Inc.
- Escrowtech International, Inc.
- Harbinger Group Pty Ltd.
- Legal Escrow & Arbitration Services Limited
- PRAXIS Technology Escrow, LLC
- SES
- Escrow4all B.V.s
TABLE 1 Asia Pacific SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 4 Asia Pacific SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Public Cloud Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Public Cloud Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Private Cloud Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Private Cloud Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Hybrid Cloud Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Hybrid Cloud Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 12 Asia Pacific SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Hardware Configuration Services Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Hardware Configuration Services Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Data Services Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Data Services Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Legal Counseling Services Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Legal Counseling Services Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 22 Asia Pacific SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Small & Medium-sized Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 28 Asia Pacific SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 29 Asia Pacific IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 31 Asia Pacific BFSI Market by Country, 2018 - 2021, USD Million
TABLE 32 Asia Pacific BFSI Market by Country, 2022 - 2028, USD Million
TABLE 33 Asia Pacific Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 34 Asia Pacific Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 35 Asia Pacific Energy & Utility Market by Country, 2018 - 2021, USD Million
TABLE 36 Asia Pacific Energy & Utility Market by Country, 2022 - 2028, USD Million
TABLE 37 Asia Pacific Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 38 Asia Pacific Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 39 Asia Pacific Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 40 Asia Pacific Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 41 Asia Pacific Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 42 Asia Pacific Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 43 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 44 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 45 Asia Pacific SaaS Escrow Services Market by Country, 2018 - 2021, USD Million
TABLE 46 Asia Pacific SaaS Escrow Services Market by Country, 2022 - 2028, USD Million
TABLE 47 China SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 48 China SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 49 China SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 50 China SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 51 China SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 52 China SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 53 China SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 54 China SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 55 China SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 56 China SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 57 Japan SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 58 Japan SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 59 Japan SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 60 Japan SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 61 Japan SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 62 Japan SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 63 Japan SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 64 Japan SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 65 Japan SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 66 Japan SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 67 India SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 68 India SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 69 India SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 70 India SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 71 India SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 72 India SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 73 India SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 74 India SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 75 India SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 76 India SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 77 South Korea SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 78 South Korea SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 79 South Korea SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 80 South Korea SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 81 South Korea SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 82 South Korea SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 83 South Korea SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 84 South Korea SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 85 South Korea SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 86 South Korea SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 87 Singapore SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 88 Singapore SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 89 Singapore SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 90 Singapore SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 91 Singapore SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 92 Singapore SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 93 Singapore SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 94 Singapore SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 95 Singapore SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 96 Singapore SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 97 Malaysia SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 98 Malaysia SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 99 Malaysia SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 100 Malaysia SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 101 Malaysia SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 102 Malaysia SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 103 Malaysia SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 104 Malaysia SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 105 Malaysia SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 106 Malaysia SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 107 Rest of Asia Pacific SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 108 Rest of Asia Pacific SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 109 Rest of Asia Pacific SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 110 Rest of Asia Pacific SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 111 Rest of Asia Pacific SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 112 Rest of Asia Pacific SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 113 Rest of Asia Pacific SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 114 Rest of Asia Pacific SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 115 Rest of Asia Pacific SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 116 Rest of Asia Pacific SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 117 Key Information – NCC Group plc
TABLE 118 key Information – Iron Mountain Incorporated
TABLE 119 Key Information – Ardas International Inc.
TABLE 120 Key Information – Escrowtech International, Inc.
TABLE 121 Key Information – HARBINGER GROUP PTY LTD.
TABLE 122 Key Information – Legal Escrow & Arbitration Services Limited
TABLE 123 Key Information – PRAXIS Technology Escrow, LLC,
TABLE 124 Key Information – SES
TABLE 125 Key Information – Escrow4all B.V.List of Figures
FIG 1 Methodology for the research