The Europe SaaS Escrow Services Market would witness market growth of 12.9% CAGR during the forecast period (2022-2028).
In the cloud, with SaaS applications, one’s software no longer sits on a corporate server. Still, it is hosted by a cloud services provider, which introduces more variables and supply chain dependencies. Now, the user’s data resides in the cloud too. Also, the risk of supplier failure would be felt more immediately than on-premise, as there would be a complete loss of functionality for the SaaS application if the vendor were no longer there to assist it. There is a misconception that consumers don’t need an escrow agreement anymore when migrating their on-premise software application to the cloud service. However, the requirement for Escrow is more significant for SaaS applications, as both the software and the need for data to be protected.
Once the user has a SaaS escrow agreement, SaaS escrow verification gives a higher level of resilience. It enables the user to test the effectiveness of the user’s business continuity plan. The exercise contains an NCC consultant who verifies that the SaaS source code and SaaS data held under the SaaS escrow agreement are correct and complete. It enables the user to access, rebuild or restore their unique application and data.
Consumer e-commerce now accounts for 30% of the total retail sector in the UK, which has increased from 20% in 2020. With annual e-commerce revenue totaling over $120 billion. In 2021, around 82% of the UK bought at least one product online. The growth of online retailing drives a relentless pursuit of value for money. People continue to find the best deals online. Germany has one of the biggest e-commerce markets in Europe. The number of e-commerce consumers, the average amount spent annually, and internet penetration are above the European average. The rising internet penetration and the growth of online shopping, especially in the pandemic, will increase the e-commerce sector and thus boost the utilization of SaaS escrow services in the sector, therby surging the market growth in the Europe region.
The Germany market dominated the Europe SaaS Escrow Services Market by Country in 2021, achieving a market value of $802 million by 2028. The UK market would showcase a CAGR of 11.9% during (2022 - 2028). Additionally, The France market is exhibiting a CAGR of 13.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global SaaS Escrow Services Market will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 2 Europe SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 3 Europe SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 4 Europe SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 5 Europe Public Cloud Market by Country, 2018 - 2021, USD Million
TABLE 6 Europe Public Cloud Market by Country, 2022 - 2028, USD Million
TABLE 7 Europe Private Cloud Market by Country, 2018 - 2021, USD Million
TABLE 8 Europe Private Cloud Market by Country, 2022 - 2028, USD Million
TABLE 9 Europe Hybrid Cloud Market by Country, 2018 - 2021, USD Million
TABLE 10 Europe Hybrid Cloud Market by Country, 2022 - 2028, USD Million
TABLE 11 Europe SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 12 Europe SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 13 Europe Hardware Configuration Services Market by Country, 2018 - 2021, USD Million
TABLE 14 Europe Hardware Configuration Services Market by Country, 2022 - 2028, USD Million
TABLE 15 Europe Data Services Market by Country, 2018 - 2021, USD Million
TABLE 16 Europe Data Services Market by Country, 2022 - 2028, USD Million
TABLE 17 Europe Legal Counseling Services Market by Country, 2018 - 2021, USD Million
TABLE 18 Europe Legal Counseling Services Market by Country, 2022 - 2028, USD Million
TABLE 19 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 20 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 21 Europe SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 22 Europe SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 23 Europe Large Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 24 Europe Large Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 25 Europe Small & Medium-sized Enterprises Market by Country, 2018 - 2021, USD Million
TABLE 26 Europe Small & Medium-sized Enterprises Market by Country, 2022 - 2028, USD Million
TABLE 27 Europe SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 28 Europe SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 29 Europe IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 30 Europe IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 31 Europe BFSI Market by Country, 2018 - 2021, USD Million
TABLE 32 Europe BFSI Market by Country, 2022 - 2028, USD Million
TABLE 33 Europe Retail & E-commerce Market by Country, 2018 - 2021, USD Million
TABLE 34 Europe Retail & E-commerce Market by Country, 2022 - 2028, USD Million
TABLE 35 Europe Energy & Utility Market by Country, 2018 - 2021, USD Million
TABLE 36 Europe Energy & Utility Market by Country, 2022 - 2028, USD Million
TABLE 37 Europe Media & Entertainment Market by Country, 2018 - 2021, USD Million
TABLE 38 Europe Media & Entertainment Market by Country, 2022 - 2028, USD Million
TABLE 39 Europe Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 40 Europe Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 41 Europe Healthcare Market by Country, 2018 - 2021, USD Million
TABLE 42 Europe Healthcare Market by Country, 2022 - 2028, USD Million
TABLE 43 Europe Others Market by Country, 2018 - 2021, USD Million
TABLE 44 Europe Others Market by Country, 2022 - 2028, USD Million
TABLE 45 Europe SaaS Escrow Services Market by Country, 2018 - 2021, USD Million
TABLE 46 Europe SaaS Escrow Services Market by Country, 2022 - 2028, USD Million
TABLE 47 Germany SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 48 Germany SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 49 Germany SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 50 Germany SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 51 Germany SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 52 Germany SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 53 Germany SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 54 Germany SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 55 Germany SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 56 Germany SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 57 UK SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 58 UK SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 59 UK SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 60 UK SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 61 UK SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 62 UK SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 63 UK SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 64 UK SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 65 UK SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 66 UK SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 67 France SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 68 France SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 69 France SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 70 France SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 71 France SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 72 France SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 73 France SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 74 France SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 75 France SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 76 France SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 77 Russia SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 78 Russia SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 79 Russia SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 80 Russia SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 81 Russia SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 82 Russia SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 83 Russia SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 84 Russia SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 85 Russia SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 86 Russia SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 87 Spain SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 88 Spain SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 89 Spain SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 90 Spain SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 91 Spain SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 92 Spain SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 93 Spain SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 94 Spain SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 95 Spain SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 96 Spain SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 97 Italy SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 98 Italy SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 99 Italy SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 100 Italy SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 101 Italy SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 102 Italy SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 103 Italy SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 104 Italy SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 105 Italy SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 106 Italy SaaS Escrow Services Market by Vertical, 2022 - 2028, USD Million
TABLE 107 Rest of Europe SaaS Escrow Services Market, 2018 - 2021, USD Million
TABLE 108 Rest of Europe SaaS Escrow Services Market, 2022 - 2028, USD Million
TABLE 109 Rest of Europe SaaS Escrow Services Market by Cloud Type, 2018 - 2021, USD Million
TABLE 110 Rest of Europe SaaS Escrow Services Market by Cloud Type, 2022 - 2028, USD Million
TABLE 111 Rest of Europe SaaS Escrow Services Market by Type, 2018 - 2021, USD Million
TABLE 112 Rest of Europe SaaS Escrow Services Market by Type, 2022 - 2028, USD Million
TABLE 113 Rest of Europe SaaS Escrow Services Market by Enterprise Size, 2018 - 2021, USD Million
TABLE 114 Rest of Europe SaaS Escrow Services Market by Enterprise Size, 2022 - 2028, USD Million
TABLE 115 Rest of Europe SaaS Escrow Services Market by Vertical, 2018 - 2021, USD Million
TABLE 116 Rest of Europe 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