Global SaaS Escrow Services Market is valued at approximately USD 5.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 13.4% over the forecast period 2022-2029. A SaaS escrow service protects access to an active instance of a third-party cloud application that is essential to maintaining a business's operations. It aids in preventing both short-term and long-term disruption to the end-routine user's business activities and therefore, prevents financial loss regardless of the operating condition of their developer or supplier. The growing awareness regarding the benefits of SaaS escrow, increasing petitions for independent assurance, coupled with the upward mandate for the enables permanence of software are the key factors that are propelling the market demand across the world.
The upsurge in demand for cloud-based services across enterprises is directly associated with the demand for the SaaS escrow service in the global market. According to Flexera's State of the Cloud Report for 2021, 83% of businesses reported that they spent more than USD 1.2 million on the cloud, while 36% of firms indicated their annual cloud spending exceeded USD 12 million. This represented a significant improvement over the prior year when 74% of enterprises were estimated to spend more than USD 1.2 million yearly and 20% of businesses claimed to spend more than USD 12 million annually. Therefore, the rising cloud adoption and spending led to the development of the market during the ensuing years. Furthermore, the rising advancements in business model software, as well as the rising emergence of SaaS technology across various industries are leveraging various opportunities over the forecasting period. However, the high cost of innovation and budget constraints and security & privacy concerns among enterprises stifle market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global SaaS Escrow Services Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America dominated the market in terms of revenue, owing to the presence of leading market players and the rise in use of the SaaS escrow services in end-use industries. Whereas, the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the growing adoption of cloud-based solutions and services, as well as the increase in penetration of advanced technology in the regional market.
Major market players included in this report are:
- Ardas Group
- Escrow London
- Escrowtech International, Inc.
- Harbinger Escrow
- Iron Mountain
- NCC Group
- Escrow4all
- Praxis Technology Escrow
- LE & AS
- SES-Escrow
Recent Developments in the Market:
- In October 2022, Manasquan Bank unveiled that they entered into a partnership agreement with ZSuite Tech with the objective of introducing digital escrow platform for commercial clients with advanced digital cash management tools, as well as automating complex subaccounting transactions.
Global SaaS Escrow Services Market Report Scope:
- Historical Data: 2019-2020-2021
- Base Year for Estimation: 2021
- Forecast period: 2022-2029
- Report Coverage: Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered: Type, Enterprise Size, Cloud Type, End-User, Region
- Regional Scope: North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope: Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below.
By Type:
- Hardware Configuration Services
- Data Services
- Legal Counseling Services
- Others
By Enterprise Size:
- Large Enterprises
- Small and Medium-sized Enterprises
By Cloud Type:
- Public Cloud
- Private Cloud
- Hybrid Cloud
By End-User:
- BFSI
- Manufacturing
- IT and Telecom
- Retail and E-commerce
- Healthcare
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. SaaS Escrow Services Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. SaaS Escrow Services Market, by Type, 2019-2029 (USD Billion)
- 1.2.3. SaaS Escrow Services Market, by Enterprise Size, 2019-2029 (USD Billion)
- 1.2.4. SaaS Escrow Services Market, by Cloud Type, 2019-2029 (USD Billion)
- 1.2.5. SaaS Escrow Services Market, by End-User, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global SaaS Escrow Services Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global SaaS Escrow Services Market Dynamics
- 3.1. SaaS Escrow Services Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Upsurge in demand for cloud-based services across enterprises
- 3.1.1.2. Growing awareness regarding the benefits of SaaS escrow
- 3.1.2. Market Challenges
- 3.1.2.1. High cost of innovation and budget constraints
- 3.1.2.2. Security & privacy concerns among enterprises
- 3.1.3. Market Opportunities
- 3.1.3.1. Increasing advancements in business model software
- 3.1.3.2. Rising emergence of SaaS technology across various industries
Chapter 4. Global SaaS Escrow Services Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global SaaS Escrow Services Market, by Type
- 6.1. Market Snapshot
- 6.2. Global SaaS Escrow Services Market by Type, Performance - Potential Analysis
- 6.3. Global SaaS Escrow Services Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
- 6.4. SaaS Escrow Services Market, Sub Segment Analysis
- 6.4.1. Hardware Configuration Services
- 6.4.2. Data Services
- 6.4.3. Legal Counseling Services
- 6.4.4. Others
Chapter 7. Global SaaS Escrow Services Market, by Enterprise Size
- 7.1. Market Snapshot
- 7.2. Global SaaS Escrow Services Market by Enterprise Size, Performance - Potential Analysis
- 7.3. Global SaaS Escrow Services Market Estimates & Forecasts by Enterprise Size 2019-2029 (USD Billion)
- 7.4. SaaS Escrow Services Market, Sub Segment Analysis
- 7.4.1. Large Enterprises
- 7.4.2. Small and Medium-sized Enterprises
Chapter 8. Global SaaS Escrow Services Market, by Cloud Type
- 8.1. Market Snapshot
- 8.2. Global SaaS Escrow Services Market by Cloud Type, Performance - Potential Analysis
- 8.3. Global SaaS Escrow Services Market Estimates & Forecasts by Cloud Type 2019-2029 (USD Billion)
- 8.4. SaaS Escrow Services Market, Sub Segment Analysis
- 8.4.1. Public Cloud
- 8.4.2. Private Cloud
- 8.4.3. Hybrid Cloud
Chapter 9. Global SaaS Escrow Services Market, by End-User
- 9.1. Market Snapshot
- 9.2. Global SaaS Escrow Services Market by End-User, Performance - Potential Analysis
- 9.3. Global SaaS Escrow Services Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
- 9.4. SaaS Escrow Services Market, Sub Segment Analysis
- 9.4.1. BFSI
- 9.4.2. Manufacturing
- 9.4.3. IT and Telecom
- 9.4.4. Retail and E-commerce
- 9.4.5. Healthcare
- 9.4.6. Others
Chapter 10. Global SaaS Escrow Services Market, Regional Analysis
- 10.1. SaaS Escrow Services Market, Regional Market Snapshot
- 10.2. North America SaaS Escrow Services Market
- 10.2.1. U.S. SaaS Escrow Services Market
- 10.2.1.1. Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Enterprise Size breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Cloud Type breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. End-User breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada SaaS Escrow Services Market
- 10.3. Europe SaaS Escrow Services Market Snapshot
- 10.3.1. U.K. SaaS Escrow Services Market
- 10.3.2. Germany SaaS Escrow Services Market
- 10.3.3. France SaaS Escrow Services Market
- 10.3.4. Spain SaaS Escrow Services Market
- 10.3.5. Italy SaaS Escrow Services Market
- 10.3.6. Rest of Europe SaaS Escrow Services Market
- 10.4. Asia-Pacific SaaS Escrow Services Market Snapshot
- 10.4.1. China SaaS Escrow Services Market
- 10.4.2. India SaaS Escrow Services Market
- 10.4.3. Japan SaaS Escrow Services Market
- 10.4.4. Australia SaaS Escrow Services Market
- 10.4.5. South Korea SaaS Escrow Services Market
- 10.4.6. Rest of Asia Pacific SaaS Escrow Services Market
- 10.5. Latin America SaaS Escrow Services Market Snapshot
- 10.5.1. Brazil SaaS Escrow Services Market
- 10.5.2. Mexico SaaS Escrow Services Market
- 10.5.3. Rest of Latin America SaaS Escrow Services Market
- 10.6. Rest of The World SaaS Escrow Services Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Ardas Group
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Escrow London
- 11.2.3. Escrowtech International, Inc.
- 11.2.4. Harbinger Escrow
- 11.2.5. Iron Mountain
- 11.2.6. NCC Group
- 11.2.7. Escrow4all
- 11.2.8. Praxis Technology Escrow
- 11.2.9. LE & AS
- 11.2.10. SES-Escrow
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption