The global digital signature market is expected to be worth US$ 3,288.9 million in 2018 and US$ 21,455.6 million in 2023. From 2023 to 2033, the market is expected to grow at a 20.8% value CAGR.
Because digital signatures are more reliable and secure than previous types of electronic signatures, the global market for them is rapidly expanding. The use of digital signatures in a variety of applications, such as financial transactions, contract management software, software distribution, and so on, is also fueling market growth. However, in developing and developing countries, lax government restrictions and data protection laws may severely limit industry growth.
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Several governments have been urged to invest in the sector due to the growing importance of digital signatures, which is expected to benefit the market. The global market for commercial satellite imaging is expected to be lucrative in the deployment segment. Budgets for digital signatures are changing dramatically in a number of emerging economies, creating appealing opportunities for market participants.
Key Takeaways:
- The global digital signature market is to experience a CAGR of 20.6% from 2022 to 2030.
- By deployment, the on-premises segment is expected to record a 16.2% CAGR by 2032.
- By Industry Vertical, the BFSI segment is to expand at a 21.1% growth rate during the forecast period.
- The U.S. market to garner US$ 7.5 Billion and record a 21.6% CAGR from 2022-2032.
- Market in China to procure US$ 1.8 Billion, expanding at a 22.9% growth rate during the assessment period.
Competitive Landscape
Key players in the global commercial satellite imaging market are Adobe Systems, Ascertia, Docusign Inc., Entrust Datacard Corporation, and SIGNiX among others. Recent developments among key players are:
- In May 2021, Entrust Datacard Corporation launched its remote signing service (RSS) solution, to enable trust for increasingly dispersed workforces, by integrating high-assurance, verifiable employee signature capabilities into document apps and workflows. The requirement to support new remote business scenarios has grown as enterprises move to the cloud and their workforces become more widespread.
- In February 2020, Secured Signing Limited released new improvements to the signing processes and account reporting, to save workflow settings for individual forms, thereby enabling users to send out templates faster. The new enhancements include template workflow setting, integration with the JobAdder software platform, and enhancements to the platform integrated with Salesforce.com
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Digital Signature Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Covered in the Digital Signature Market Report
By Deployment
- Cloud-based Digital Signature
- On-Premises Digital Signature
By Industry Vertical
- Digital Signature for BFSI
- Digital Signature for Real Estate
- Digital Signature for Education
- Digital Signature for Government
- Digital Signature for Healthcare
- Digital Signature for Retail
- Digital Signature for Transportation
- Digital Signature for Legal Processes
- Digital Signature for Other Verticals
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By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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