Global digital signature market estimated to foster due to the rising investments in electronic documents by governments and enterprises and growing digitalization across the world
Global digital signature market size valued at USD 2.24 billion in 2019, which expected to reach USD 9.25 billion by 2027, growing at a CAGR of 16.78 % from 2020-2027. The primary factors are the increasing digital signature's application to automate the business processes for bringing about digital transformation and provides security and boosts trust in a business process. Additionally, the growing occurrences of tampering and forgery in financial transactions and software distribution processes around the world will augment the global digital signature industry's growth. Further, the increasing trend integrating blockchain technology into digital signatures units is positively impacting the demand. The digital signature surge's applications for reducing turnover time, increased efficiency, lower costs, and enhanced security will spur the global digital signature market share in the forecast span.
Moreover, the growing use of digital technology in the e-commerce industry in more reliable partners, such as client relationships, higher efficiency, and better supply chain integration, drives the market growth. Also, the increasing usage blockchain technology in digital signature to eliminate a third-party firm, such as a certification authority, will witness a significant increase in the digital signature market. Furthermore, the increasing use of digital signature to reduce the risk of documents altered, deflected, or intercepted while in transit will bolster the growth of the digital signature industry in future periods. Additionally, the growing digital signature's application in cross border trade such as emailing, scanning, archiving, and recording will trigger the growth of the digital signature market.
Deployment Type Overview in the Global Digital signature Market
Based on the deployment type, the global digital signature market bifurcates into On-premises and Cloud-based. The On-premises segment is likely to lead the market by 2027, owing to on-premise offers high flexibility and control and can be easily regulated by the client.
The cloud-based will be the fastest-growing segment during the forecast period due to it is comparatively economical and easy to manage, and swelling adoption of cloud-based by Small and Medium-sized Enterprises.
Solution Overview in the Global Digital signature market
Based on the solution, the global digital signature market segregated into Software, Hardware, and Services. The software segment witnessed the largest market share in 2019 and will dominate by 2027. It is owing to software digital signature help in signing documents online and provide tracking, storing, and sending documents facility for users.
Application Overview in the Global Digital signature Market
Based on application, the global digital signature market classified into BFSI, Government & Defense, Legal, Real Estate, HR, Manufacturing & Engineering, Healthcare & Life Sciences, and Others. The BFSI segment projected to lead the market by 2027. It is due to the banks, credit unions, insurance companies, and brokerages are using the applications of digital signature to streamline their operational workflow, increase efficiency and transparency, enhance security, and minimize operational costs.
Regional Overview in the Global Digital signature Market
By geography, the global digital signature market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America held a higher market share in the global digital signature in 2019 and will continue its dominance by 2027. It is attributable to the presence of major digital signature vendors, advanced IT infrastructure, and government mandates regarding data security in the region.
Global Digital Signature Market: Competitive Landscape
Companies such as Adobe, OneSpan, Gemalto, Ascertia, DocuSign, Entrust Datacard, SIGNiX, Secured Signing, Identrust, Kofax, RPost Technologies, HelloSign, MultiCert, GlobalSign, RightSignature and Zoho Corp are the key players in the global digital signature market.
Global Digital Signature Market
Report Content
1. Research Strategic Development
1.1. Market Modelling
1.2. Product Analysis
1.3. Market Trend and Economic Factors Analysis
1.4. Market Segmental Analysis
1.5. Geographical Mapping
1.6. Country Wise Segregation
2. Research Methodology
2.1. Identification of Target Market
2.2. Data Acquisition
2.3. Refining of Data/ Data Transformations
2.4. Data Validation through Primary Techniques
2.5. Exploratory Data Analysis
2.6. Graphical Techniques/Analysis
2.7. Quantitative Techniques/Analysis
2.8. Visual Result/Presentation
3. Executive Summary
4. Market Insights
4.1. Economic Factor Analysis
4.1.1. Drivers
4.1.2. Trends
4.1.3. Opportunities
4.1.4. Challenges
4.2. Technological Landscape
4.3. Competitors & Product Analysis
4.4. Regulatory Framework
4.5. Company market share analysis, 2019
4.6. Porter's Five forces analysis
4.7. New Investment Analysis
4.8. PESTEL Analysis
4.9. Impact Of Covid-19 On Digital Signature
5. Global Digital Signature Market Overview
5.1. Market Size & Forecast, 2016-2027
5.1.1. Demand
5.1.1.1. By Value (USD Million)
5.2. Market Share & Forecast, 2016-2027
5.2.1. By Deployment Type
5.2.1.1. On-Premises
5.2.1.2. Cloud-based
5.2.2. By Solution
5.2.2.1. Software
5.2.2.2. Hardware
5.2.2.3. Services
5.2.3. By Application
5.2.3.1. BFSI
5.2.3.2. Government & Defense
5.2.3.3. Legal
5.2.3.4. Real Estate
5.2.3.5. HR
5.2.3.6. Manufacturing & Engineering
5.2.3.7. Healthcare & Life Sciences
5.2.3.8. Others
5.2.4. By Region
5.2.4.1. North America
5.2.4.2. Europe
5.2.4.3. Asia Pacific
5.2.4.4. South America
5.2.4.5. Middle East & Africa
6. North America Digital Signature Market Overview
6.1. North America Digital Signature Market Size & Forecast, 2016-2027
6.1.1. Demand
6.1.1.1. By Value (USD Million)
6.2. North America Digital Signature Market Share & Forecast, 2016-2027
6.2.1. By Deployment Type
6.2.1.1. On-Premises
6.2.1.2. Cloud-based
6.2.2. By Solution
6.2.2.1. Software
6.2.2.2. Hardware
6.2.2.3. Services
6.2.3. By Application
6.2.3.1. BFSI
6.2.3.2. Government & Defense
6.2.3.3. Legal
6.2.3.4. Real Estate
6.2.3.5. HR
6.2.3.6. Manufacturing & Engineering
6.2.3.7. Healthcare & Life Sciences
6.2.3.8. Others
6.2.4. By Country
6.2.4.1. US
6.2.4.2. Canada
6.2.4.3. Mexico
6.2.5. Company Market Share (Top 3-5)
6.2.6. Economic Impact Study on North America Digital Signature Market
7. Europe Digital Signature Market Overview
7.1. Europe Digital Signature Market Size & Forecast, 2016-2027
7.1.1. Demand
7.1.1.1. By Value (USD Million)
7.2. Europe Digital Signature Market Share & Forecast, 2016-2027
7.2.1. By Deployment Type
7.2.1.1. On-Premises
7.2.1.2. Cloud-based
7.2.2. By Solution
7.2.2.1. Software
7.2.2.2. Hardware
7.2.2.3. Services
7.2.3. By Application
7.2.3.1. BFSI
7.2.3.2. Government & Defense
7.2.3.3. Legal
7.2.3.4. Real Estate
7.2.3.5. HR
7.2.3.6. Manufacturing & Engineering
7.2.3.7. Healthcare & Life Sciences
7.2.3.8. Others
7.2.4. By Country
7.2.4.1. Germany
7.2.4.2. UK
7.2.4.3. France
7.2.4.4. Italy
7.2.4.5. Rest of Europe
7.2.5. Company Market Share (Top 3-5)
7.2.6. Economic Impact Study on Europe Digital Signature Market
8. Asia Pacific Digital Signature Market Overview
8.1. Asia Pacific Digital Signature Market Size & Forecast, 2016-2027
8.1.1. Demand
8.1.1.1. By Value (USD Million)
8.2. Asia Pacific Digital Signature Market Share & Forecast, 2016-2027
8.2.1. By Deployment Type
8.2.1.1. On-Premises
8.2.1.2. Cloud-based
8.2.2. By Solution
8.2.2.1. Software
8.2.2.2. Hardware
8.2.2.3. Services
8.2.3. By Application
8.2.3.1. BFSI
8.2.3.2. Government & Defense
8.2.3.3. Legal
8.2.3.4. Real Estate
8.2.3.5. HR
8.2.3.6. Manufacturing & Engineering
8.2.3.7. Healthcare & Life Sciences
8.2.3.8. Others
8.2.4. By Country
8.2.4.1. China
8.2.4.2. India
8.2.4.3. Japan
8.2.4.4. Australia
8.2.4.5. Rest of Asia Pacific
8.2.5. Company Market Share (Top 3-5)
8.2.6. Economic Impact Study on Asia Pacific Digital Signature Market
9. South America Digital Signature Market Overview
9.1. South America Digital Signature Market Size & Forecast, 2016-2027
9.1.1. Demand
9.1.1.1. By Value (USD Million)
9.2. South America Digital Signature Market Share & Forecast, 2016-2027
9.2.1. By Deployment Type
9.2.1.1. On-Premises
9.2.1.2. Cloud-based
9.2.2. By Solution
9.2.2.1. Software
9.2.2.2. Hardware
9.2.2.3. Services
9.2.3. By Application
9.2.3.1. BFSI
9.2.3.2. Government & Defense
9.2.3.3. Legal
9.2.3.4. Real Estate
9.2.3.5. HR
9.2.3.6. Manufacturing & Engineering
9.2.3.7. Healthcare & Life Sciences
9.2.3.8. Others
9.2.4. By Country
9.2.4.1. Brazil
9.2.4.2. Argentina
9.2.4.3. Rest of South America
9.2.5. Company Market Share (Top 3-5)
9.2.6. Economic Impact Study on South America Digital Signature Market
10. Middle East & Africa Digital Signature Market Overview
10.1. Middle East & Africa Digital Signature Market Size & Forecast, 2016-2027
10.1.1. Demand
10.1.1.1. By Value (USD Million)
10.2. Middle East & Africa Digital Signature Market Share & Forecast, 2016-2027
10.2.1. By Deployment Type
10.2.1.1. On-Premises
10.2.1.2. Cloud-based
10.2.2. By Solution
10.2.2.1. Software
10.2.2.2. Hardware
10.2.2.3. Services
10.2.3. By Application
10.2.3.1. BFSI
10.2.3.2. Government & Defense
10.2.3.3. Legal
10.2.3.4. Real Estate
10.2.3.5. HR
10.2.3.6. Manufacturing & Engineering
10.2.3.7. Healthcare & Life Sciences
10.2.3.8. Others
10.2.4. By Country
10.2.4.1. Saudi Arabia
10.2.4.2. UAE
10.2.4.3. South Africa
10.2.4.4. Rest of Middle East & Africa
10.2.5. Company Market Share (Top 3-5)
10.2.6. Economic Impact Study on Middle East & Africa Digital Signature Market
11. Competitor Analysis
11.1. Company Description
11.2. Financial Analysis
11.3. Key Products
11.4. Key Management Personnel
11.5. Contact Address
11.6. SWOT Analysis
11.7. Company Profile
11.7.1. Adobe
11.7.2. OneSpan
11.7.3. Gemalto
11.7.4. Ascertia
11.7.5. DocuSign
11.7.6. Entrust Datacard
11.7.7. SIGNiX
11.7.8. Secured Signing
11.7.9. Identrust
11.7.10. Kofax
11.7.11. RPost Technologies
11.7.12. HelloSign
11.7.13. ultiCert
11.7.14. GlobalSign
11.7.15. RightSignature
11.7.16. Zoho Corp
11.7.17. Other Prominent Players
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