Market Overview:
The global cloud escrow services market is expected to grow from USD 1.02 Billion in 2018 to USD 2.48 Billion by 2030, at a CAGR of 12.8% during the forecast period. The growth of this market can be attributed to the increasing demand for cloud-based services and the need for data security and privacy protection. The global cloud escrow services market is segmented by type, application, and region. By type, the market is divided into private cloud, public cloud, hybrid cloud, and community cloud. By application, it is classified into escrow for software customers and escrow for software suppliers. The North American region dominates the global Cloud Escrow Services Market owing to early adoption of latest technologies by enterprises in this region coupled with presence of major players such as IBM Corporation (US), Microsoft Corporation (US), Google Inc.(US), Salesforce (US) etc.
Product Definition:
Cloud Escrow Services is a service which allows companies to store their data in a secure, third-party location. This service can be used as an insurance policy in case of data loss or theft. It can also be used to ensure that important files are always available, even if the company's own servers go down.
Private Cloud:
Private cloud is a term used to define a cloud computing system that offers more security and privacy than public clouds. Private clouds are also known as “zero-government” or “stateless” cloud, which means there is no centralized control over the data of an organization.
Public Cloud:
Public cloud is a group of remote computing services that provide shared pool of hardware and software infrastructure. It can be used by different organizations for storing data, applications, and virtual machines. The service providers offer storage pools to store information on their server which can be accessed by the user from anywhere in the world. They also provide networking services such as network storage gateway to access stored information using different devices such as smartphones or tablets etc.
Application Insights:
The application segment is segregated into Escrow for software customers, Escrow for software suppliers and others. The other applications include financial services, healthcare and public sector among others. In 2017, the Escrow for software customers segment dominated the market with a share of over 60% in terms of revenue. This growth can be attributed to increasing demand from enterprises to reduce risks associated with digital transformation as well as migration projects.
The growing importance of automation across various industries such as manufacturing, banking and financial services coupled with rising concerns regarding data breaches are some factors that have increased demand for cloud escrows across various organizations globally. Furthermore, governments worldwide are taking initiatives to ensure compliance in an attempt to avoid potential cyberattacks or frauds during digitization of government processes which is further driving the need for secure cloud storage solutions thereby propelling market growth over the forecast period.
Regional Analysis:
North America is expected to be the fastest-growing regional market for global cloud escrow services over the forecast period. The growth can be attributed to increasing demand for digital data, rising need for security and compliance with government regulations. Furthermore, rapid technological advancements in areas of Artificial Intelligence (AI), Machine Learning (ML), Robotic Process Automation (RPA) are anticipated to fuel the demand further.
Asia Pacific is estimated to be one of the largest markets owing to growing adoption by enterprises in countries such as China and India.
Growth Factors:
- Increasing demand for cloud-based services and applications: The global market for cloud-based services and applications is expected to grow at a CAGR of over 26% during the period 2016-2020. This is primarily due to the increasing adoption of cloud by small and medium businesses (SMBs) as well as large enterprises. Cloud escrow services help organizations protect their data, IP, and other critical information by securely storing it in the cloud. Thus, the growing demand for cloud-based services is expected to drive growth in the global market for Cloud Escrow Services during the forecast period.
- Proliferation of BYOD policies: The Bring Your Own Device (BYOD) trend has gained traction among organizations in recent years owing to its numerous benefits such as cost savings, improved employee productivity, etc. However, this trend also raises security concerns among organizations regarding how they can protect their data when it resides on employee devices that are not under their control or management. Cloud escrow services can help address these concerns by providing a secure storage location for corporate data outside of employees' personal devices/cloud accounts. As a result, we expect an increase in demand for cloud escrow solutions from businesses looking to adopt BYOD policies in order to mitigate security risks associated with this trend..
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloud Escrow Services Market Research Report
By Type
Private Cloud, Public Cloud, Hybrid Cloud, Community Cloud
By Application
Escrow for Software Customers, Escrow for Software Suppliers
By Companies
NCC Group, LE＆AS, Iron Mountain, Escrow London, EscrowTech, SES-Escrow, Praxis Technology Escrow, Harbinger
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Cloud Escrow Services Market Report Segments:
The global Cloud Escrow Services market is segmented on the basis of:
Types
Private Cloud, Public Cloud, Hybrid Cloud, Community Cloud
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Escrow for Software Customers, Escrow for Software Suppliers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NCC Group
- LE＆AS
- Iron Mountain
- Escrow London
- EscrowTech
- SES-Escrow
- Praxis Technology Escrow
- Harbinger
Highlights of The Cloud Escrow Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Private Cloud
- Public Cloud
- Hybrid Cloud
- Community Cloud
- By Application:
- Escrow for Software Customers
- Escrow for Software Suppliers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloud Escrow Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cloud Escrow Services is a service that helps businesses securely store and manage digital assets. The company provides a secure online platform for businesses to deposit, withdraw, and exchange digital assets. Cloud Escrow also offers dispute resolution services to help resolve any disputes that may arise between buyers and sellers.
Some of the major companies in the cloud escrow services market are NCC Group, LE＆AS, Iron Mountain, Escrow London, EscrowTech, SES-Escrow, Praxis Technology Escrow, Harbinger.
The cloud escrow services market is expected to register a CAGR of 12.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloud Escrow Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cloud Escrow Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cloud Escrow Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cloud Escrow Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cloud Escrow Services Market Size & Forecast, 2018-2028
4.5.1 Cloud Escrow Services Market Size and Y-o-Y Growth
4.5.2 Cloud Escrow Services Market Absolute $ Opportunity
Chapter 5 Global Cloud Escrow Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cloud Escrow Services Market Size Forecast by Type
5.2.1 Private Cloud
5.2.2 Public Cloud
5.2.3 Hybrid Cloud
5.2.4 Community Cloud
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cloud Escrow Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cloud Escrow Services Market Size Forecast by Applications
6.2.1 Escrow for Software Customers
6.2.2 Escrow for Software Suppliers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloud Escrow Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloud Escrow Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cloud Escrow Services Analysis and Forecast
9.1 Introduction
9.2 North America Cloud Escrow Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cloud Escrow Services Market Size Forecast by Type
9.6.1 Private Cloud
9.6.2 Public Cloud
9.6.3 Hybrid Cloud
9.6.4 Community Cloud
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cloud Escrow Services Market Size Forecast by Applications
9.10.1 Escrow for Software Customers
9.10.2 Escrow for Software Suppliers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cloud Escrow Services Analysis and Forecast
10.1 Introduction
10.2 Europe Cloud Escrow Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cloud Escrow Services Market Size Forecast by Type
10.6.1 Private Cloud
10.6.2 Public Cloud
10.6.3 Hybrid Cloud
10.6.4 Community Cloud
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cloud Escrow Services Market Size Forecast by Applications
10.10.1 Escrow for Software Customers
10.10.2 Escrow for Software Suppliers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cloud Escrow Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cloud Escrow Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cloud Escrow Services Market Size Forecast by Type
11.6.1 Private Cloud
11.6.2 Public Cloud
11.6.3 Hybrid Cloud
11.6.4 Community Cloud
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cloud Escrow Services Market Size Forecast by Applications
11.10.1 Escrow for Software Customers
11.10.2 Escrow for Software Suppliers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cloud Escrow Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Cloud Escrow Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cloud Escrow Services Market Size Forecast by Type
12.6.1 Private Cloud
12.6.2 Public Cloud
12.6.3 Hybrid Cloud
12.6.4 Community Cloud
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cloud Escrow Services Market Size Forecast by Applications
12.10.1 Escrow for Software Customers
12.10.2 Escrow for Software Suppliers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cloud Escrow Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cloud Escrow Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cloud Escrow Services Market Size Forecast by Type
13.6.1 Private Cloud
13.6.2 Public Cloud
13.6.3 Hybrid Cloud
13.6.4 Community Cloud
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cloud Escrow Services Market Size Forecast by Applications
13.10.1 Escrow for Software Customers
13.10.2 Escrow for Software Suppliers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloud Escrow Services Market: Competitive Dashboard
14.2 Global Cloud Escrow Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NCC Group
14.3.2 LE＆AS
14.3.3 Iron Mountain
14.3.4 Escrow London
14.3.5 EscrowTech
14.3.6 SES-Escrow
14.3.7 Praxis Technology Escrow
14.3.8 Harbinger
