SaaS Escrow Services: Analyzing Global Trends, Verticals and Enterprise Sizes

What are the worldwide trends in third-party SaaS protection?

Significant growth is prophesied over the next decade in the demand for third-party application data protection services. Corporations are increasingly leveraging Software as a Service (SaaS) solutions, boarded with the demand for security of their critical data. Increased cloud adoption, coupled with the need for business continuity plans, is striving the demand for these services around the globe.

How are specific industries adapting to these services?

Vertical-specific demand trends are also noteworthy. Traditional, highly-regulated industries like finance and healthcare are leading the uptake, given their intrinsic need for enhanced security, compliance provisions, and disaster recovery measures. Simultaneously, the burgeoning IT sector is showing increasing interest in these services, driven primarily by the growing reliance on SaaS for business operations. Other industry sectors are anticipated to follow suit as digitisation progresses.

What's the interplay between enterprise sizes and adoption of these services?

Observation suggests a proportional relationship between the size of an enterprise and its appetite for these escrow services. Large enterprises, with their significant data loads and associated risks, are primary consumers. Nevertheless, SMBs (small and medium-sized businesses) are not far behind. The democratization of technology is enabling SMBs to adopt more complex SaaS tools, hence increasing the scope for incorporation of third-party SaaS protection services. Going forward, it is safe to ascertain that both large corporations and SMBs will continue to contribute to the growth of this market.