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.
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.
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.
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
Unique Offerings
- Exhaustive coverage
- The highest number of Market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe SaaS Escrow Services Market, by Cloud Type
1.4.2 Europe SaaS Escrow Services Market, by Type
1.4.3 Europe SaaS Escrow Services Market, by Enterprise Size
1.4.4 Europe SaaS Escrow Services Market, by Vertical
1.4.5 Europe SaaS Escrow Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Europe SaaS Escrow Services Market by Cloud Type
3.1 Europe Public Cloud Market by Country
3.2 Europe Private Cloud Market by Country
3.3 Europe Hybrid Cloud Market by Country
Chapter 4. Europe SaaS Escrow Services Market by Type
4.1 Europe Hardware Configuration Services Market by Country
4.2 Europe Data Services Market by Country
4.3 Europe Legal Counseling Services Market by Country
4.4 Europe Others Market by Country
Chapter 5. Europe SaaS Escrow Services Market by Enterprise Size
5.1 Europe Large Enterprises Market by Country
5.2 Europe Small & Medium-sized Enterprises Market by Country
Chapter 6. Europe SaaS Escrow Services Market by Vertical
6.1 Europe IT & Telecom Market by Country
6.2 Europe BFSI Market by Country
6.3 Europe Retail & E-commerce Market by Country
6.4 Europe Energy & Utility Market by Country
6.5 Europe Media & Entertainment Market by Country
6.6 Europe Manufacturing Market by Country
6.7 Europe Healthcare Market by Country
6.8 Europe Others Market by Country
Chapter 7. Europe SaaS Escrow Services Market by Country
7.1 Germany SaaS Escrow Services Market
7.1.1 Germany SaaS Escrow Services Market by Cloud Type
7.1.2 Germany SaaS Escrow Services Market by Type
7.1.3 Germany SaaS Escrow Services Market by Enterprise Size
7.1.4 Germany SaaS Escrow Services Market by Vertical
7.2 UK SaaS Escrow Services Market
7.2.1 UK SaaS Escrow Services Market by Cloud Type
7.2.2 UK SaaS Escrow Services Market by Type
7.2.3 UK SaaS Escrow Services Market by Enterprise Size
7.2.4 UK SaaS Escrow Services Market by Vertical
7.3 France SaaS Escrow Services Market
7.3.1 France SaaS Escrow Services Market by Cloud Type
7.3.2 France SaaS Escrow Services Market by Type
7.3.3 France SaaS Escrow Services Market by Enterprise Size
7.3.4 France SaaS Escrow Services Market by Vertical
7.4 Russia SaaS Escrow Services Market
7.4.1 Russia SaaS Escrow Services Market by Cloud Type
7.4.2 Russia SaaS Escrow Services Market by Type
7.4.3 Russia SaaS Escrow Services Market by Enterprise Size
7.4.4 Russia SaaS Escrow Services Market by Vertical
7.5 Spain SaaS Escrow Services Market
7.5.1 Spain SaaS Escrow Services Market by Cloud Type
7.5.2 Spain SaaS Escrow Services Market by Type
7.5.3 Spain SaaS Escrow Services Market by Enterprise Size
7.5.4 Spain SaaS Escrow Services Market by Vertical
7.6 Italy SaaS Escrow Services Market
7.6.1 Italy SaaS Escrow Services Market by Cloud Type
7.6.2 Italy SaaS Escrow Services Market by Type
7.6.3 Italy SaaS Escrow Services Market by Enterprise Size
7.6.4 Italy SaaS Escrow Services Market by Vertical
7.7 Rest of Europe SaaS Escrow Services Market
7.7.1 Rest of Europe SaaS Escrow Services Market by Cloud Type
7.7.2 Rest of Europe SaaS Escrow Services Market by Type
7.7.3 Rest of Europe SaaS Escrow Services Market by Enterprise Size
7.7.4 Rest of Europe SaaS Escrow Services Market by Vertical
Chapter 8. Company Profiles
8.1 NCC Group plc
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Recent strategies and developments:
8.1.4.1 Product Launches and Product Expansions:
8.2 Iron Mountain Incorporated
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.3 Ardas International, Inc.
8.3.1 Company Overview
8.4 Escrowtech International, Inc.
8.4.1 Company Overview
8.5 Harbinger Group Pty Ltd.
8.5.1 Company Overview
8.6 Legal Escrow & Arbitration Services Limited
8.6.1 Company Overview
8.7 PRAXIS Technology Escrow, LLC
8.7.1 Company Overview
8.8 SES
8.8.1 Company Overview
8.9 Escrow4all B.V.
8.9.1 Company Overview
Companies Mentioned
- 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
Methodology
LOADING...
