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.
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.
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.
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
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 Asia Pacific SaaS Escrow Services Market, by Cloud Type
1.4.2 Asia Pacific SaaS Escrow Services Market, by Type
1.4.3 Asia Pacific SaaS Escrow Services Market, by Enterprise Size
1.4.4 Asia Pacific SaaS Escrow Services Market, by Vertical
1.4.5 Asia Pacific 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. Asia Pacific SaaS Escrow Services Market by Cloud Type
3.1 Asia Pacific Public Cloud Market by Country
3.2 Asia Pacific Private Cloud Market by Country
3.3 Asia Pacific Hybrid Cloud Market by Country
Chapter 4. Asia Pacific SaaS Escrow Services Market by Type
4.1 Asia Pacific Hardware Configuration Services Market by Country
4.2 Asia Pacific Data Services Market by Country
4.3 Asia Pacific Legal Counseling Services Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific SaaS Escrow Services Market by Enterprise Size
5.1 Asia Pacific Large Enterprises Market by Country
5.2 Asia Pacific Small & Medium-sized Enterprises Market by Country
Chapter 6. Asia Pacific SaaS Escrow Services Market by Vertical
6.1 Asia Pacific IT & Telecom Market by Country
6.2 Asia Pacific BFSI Market by Country
6.3 Asia Pacific Retail & E-commerce Market by Country
6.4 Asia Pacific Energy & Utility Market by Country
6.5 Asia Pacific Media & Entertainment Market by Country
6.6 Asia Pacific Manufacturing Market by Country
6.7 Asia Pacific Healthcare Market by Country
6.8 Asia Pacific Others Market by Country
Chapter 7. Asia Pacific SaaS Escrow Services Market by Country
7.1 China SaaS Escrow Services Market
7.1.1 China SaaS Escrow Services Market by Cloud Type
7.1.2 China SaaS Escrow Services Market by Type
7.1.3 China SaaS Escrow Services Market by Enterprise Size
7.1.4 China SaaS Escrow Services Market by Vertical
7.2 Japan SaaS Escrow Services Market
7.2.1 Japan SaaS Escrow Services Market by Cloud Type
7.2.2 Japan SaaS Escrow Services Market by Type
7.2.3 Japan SaaS Escrow Services Market by Enterprise Size
7.2.4 Japan SaaS Escrow Services Market by Vertical
7.3 India SaaS Escrow Services Market
7.3.1 India SaaS Escrow Services Market by Cloud Type
7.3.2 India SaaS Escrow Services Market by Type
7.3.3 India SaaS Escrow Services Market by Enterprise Size
7.3.4 India SaaS Escrow Services Market by Vertical
7.4 South Korea SaaS Escrow Services Market
7.4.1 South Korea SaaS Escrow Services Market by Cloud Type
7.4.2 South Korea SaaS Escrow Services Market by Type
7.4.3 South Korea SaaS Escrow Services Market by Enterprise Size
7.4.4 South Korea SaaS Escrow Services Market by Vertical
7.5 Singapore SaaS Escrow Services Market
7.5.1 Singapore SaaS Escrow Services Market by Cloud Type
7.5.2 Singapore SaaS Escrow Services Market by Type
7.5.3 Singapore SaaS Escrow Services Market by Enterprise Size
7.5.4 Singapore SaaS Escrow Services Market by Vertical
7.6 Malaysia SaaS Escrow Services Market
7.6.1 Malaysia SaaS Escrow Services Market by Cloud Type
7.6.2 Malaysia SaaS Escrow Services Market by Type
7.6.3 Malaysia SaaS Escrow Services Market by Enterprise Size
7.6.4 Malaysia SaaS Escrow Services Market by Vertical
7.7 Rest of Asia Pacific SaaS Escrow Services Market
7.7.1 Rest of Asia Pacific SaaS Escrow Services Market by Cloud Type
7.7.2 Rest of Asia Pacific SaaS Escrow Services Market by Type
7.7.3 Rest of Asia Pacific SaaS Escrow Services Market by Enterprise Size
7.7.4 Rest of Asia Pacific 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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