The North America SaaS Escrow Services Market would witness market growth of 12.6% CAGR during the forecast period (2022-2028).
A SaaS escrow agreement is agreed upon mutually between the customer and the SaaS vendor. It is the procedure of keeping a copy of critical SaaS application data and the SaaS cloud environment with an independent third party. Similarly, to source code escrow, where essential software source code is stored with an independent third party, with a SaaS escrow solution, the developer would typically deposit deployments scripts, databases, and containers in addition to source code. SaaS escrow ultimately allows companies to safeguard the data that resides within SaaS applications hosted by a third party, protecting them from any data loss.
Escrow usually refers to money held by a third party on behalf of the transacting parties. It is generally used regarding the purchase of shares of the company. It is best known in many nations, especially where mortgage companies establish an escrow account for insurance during the mortgage term and pay property tax.
There were around 27 million e-commerce users in 2022, which accounted for 75% of the Canadian population. This number is expected to rise to 77.6% in 2025. Increased online shoppers mean that retail e-commerce sales in Canada continue to grow. The Mexican e-commerce sector was valued at $21 billion in 2017 and raised at an annual rate of 20%. The e-commerce sector is expected to grow continuously due to improved connectivity, increased digital literacy, financial inclusion, and smooth logistics. The rising usage of e-commerce due to the increasing internet penetration is expected to surge the utilization of SaaS escrow services by retailers which would propel the market growth in the region.
The US market dominated the North America SaaS Escrow Services Market by Country in 2021, achieving a market value of $3,477.1 million by 2028. The Canada market would exhibit a CAGR of 15.2% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 14.2% 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 U.S., Mexico, Canada, and Rest of North America.
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.
A SaaS escrow agreement is agreed upon mutually between the customer and the SaaS vendor. It is the procedure of keeping a copy of critical SaaS application data and the SaaS cloud environment with an independent third party. Similarly, to source code escrow, where essential software source code is stored with an independent third party, with a SaaS escrow solution, the developer would typically deposit deployments scripts, databases, and containers in addition to source code. SaaS escrow ultimately allows companies to safeguard the data that resides within SaaS applications hosted by a third party, protecting them from any data loss.
Escrow usually refers to money held by a third party on behalf of the transacting parties. It is generally used regarding the purchase of shares of the company. It is best known in many nations, especially where mortgage companies establish an escrow account for insurance during the mortgage term and pay property tax.
There were around 27 million e-commerce users in 2022, which accounted for 75% of the Canadian population. This number is expected to rise to 77.6% in 2025. Increased online shoppers mean that retail e-commerce sales in Canada continue to grow. The Mexican e-commerce sector was valued at $21 billion in 2017 and raised at an annual rate of 20%. The e-commerce sector is expected to grow continuously due to improved connectivity, increased digital literacy, financial inclusion, and smooth logistics. The rising usage of e-commerce due to the increasing internet penetration is expected to surge the utilization of SaaS escrow services by retailers which would propel the market growth in the region.
The US market dominated the North America SaaS Escrow Services Market by Country in 2021, achieving a market value of $3,477.1 million by 2028. The Canada market would exhibit a CAGR of 15.2% during (2022 - 2028). Additionally, The Mexico market would experience a CAGR of 14.2% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America SaaS Escrow Services Market, by Cloud Type
1.4.2 North America SaaS Escrow Services Market, by Type
1.4.3 North America SaaS Escrow Services Market, by Enterprise Size
1.4.4 North America SaaS Escrow Services Market, by Vertical
1.4.5 North America 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. North America SaaS Escrow Services Market by Cloud Type
3.1 North America Public Cloud Market by Country
3.2 North America Private Cloud Market by Country
3.3 North America Hybrid Cloud Market by Country
Chapter 4. North America SaaS Escrow Services Market by Type
4.1 North America Hardware Configuration Services Market by Country
4.2 North America Data Services Market by Country
4.3 North America Legal Counseling Services Market by Country
4.4 North America Others Market by Country
Chapter 5. North America SaaS Escrow Services Market by Enterprise Size
5.1 North America Large Enterprises Market by Country
5.2 North America Small & Medium-sized Enterprises Market by Country
Chapter 6. North America SaaS Escrow Services Market by Vertical
6.1 North America IT & Telecom Market by Country
6.2 North America BFSI Market by Country
6.3 North America Retail & E-commerce Market by Country
6.4 North America Energy & Utility Market by Country
6.5 North America Media & Entertainment Market by Country
6.6 North America Manufacturing Market by Country
6.7 North America Healthcare Market by Country
6.8 North America Others Market by Country
Chapter 7. North America SaaS Escrow Services Market by Country
7.1 US SaaS Escrow Services Market
7.1.1 US SaaS Escrow Services Market by Cloud Type
7.1.2 US SaaS Escrow Services Market by Type
7.1.3 US SaaS Escrow Services Market by Enterprise Size
7.1.4 US SaaS Escrow Services Market by Vertical
7.2 Canada SaaS Escrow Services Market
7.2.1 Canada SaaS Escrow Services Market by Cloud Type
7.2.2 Canada SaaS Escrow Services Market by Type
7.2.3 Canada SaaS Escrow Services Market by Enterprise Size
7.2.4 Canada SaaS Escrow Services Market by Vertical
7.3 Mexico SaaS Escrow Services Market
7.3.1 Mexico SaaS Escrow Services Market by Cloud Type
7.3.2 Mexico SaaS Escrow Services Market by Type
7.3.3 Mexico SaaS Escrow Services Market by Enterprise Size
7.3.4 Mexico SaaS Escrow Services Market by Vertical
7.4 Rest of North America SaaS Escrow Services Market
7.4.1 Rest of North America SaaS Escrow Services Market by Cloud Type
7.4.2 Rest of North America SaaS Escrow Services Market by Type
7.4.3 Rest of North America SaaS Escrow Services Market by Enterprise Size
7.4.4 Rest of North America 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
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