Global Digital Signature Market, By Component (Hardware, Software, Services), Deployment Mode (On-Premise, Cloud-Based), Organization Size (SMEs, Large Enterprise), Industry Verticals (Banking Financial Services and Insurance (BFSI), Education, Human Resource, Government, Real estate, IT and telecommunication, Healthcare and Life Sciences, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
The digital signature market is expected to witness market growth at a rate of 29.45% in the forecast period of 2021 to 2028. Data Bridge Market Research report on the digital signature market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid digitization globally is escalating the growth of the digital signature market.
Digital signature refers to a mathematical technique consisting of encoded and electronic stamps of verification on digital documents such as word files, online legal contract papers and PDF files among others. The technology assists in solving the problem of tempering in digital communication. It tends to contain all-digital document information allowing users to find out the source very quickly and easily. This is based on the principle of cryptography technology.
The rise in the trend of digitized businesses across the globe acts as one of the major factors driving the growth of the digital signature market. The rise in the demand for digital signature technology across various industries such as banking, financial services and insurance (BFSI), education, human resource, government and real estate, and the need for enhanced security with a controlled and seamless workflow accelerate the market growth. The surge in investments in electronic documents by governments and enterprises and upgrade in end-to-end customer experience further influence the market. Additionally, high software usage for various applications, the presence of several mobile devices and the rise in the remote working scenarios positively affect the digital signature market. Furthermore, enhancement in the acceptance of cloud-based security solutions and increasing partnerships and acquisitions extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, variation in digital signature rules and regulations across regions and lack of awareness about the legality of digital signatures are expected to obstruct the market growth. Intensely entrenched traditional business practices are projected to challenge the digital signature market in the forecast period of 2021-2028.
This digital signature market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on digital signature market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Digital Signature Market Scope and Market Size
The digital signature market is segmented on the basis of component, deployment mode, organization size and industry vertical. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of component, the digital signature market is segmented into hardware, software and service.
- On the basis of deployment mode, the digital signature market is segmented into cloud and on-premise.
- On the basis of organization size, the digital signature market is segmented into SMEs and large enterprise.
- On the basis of industry vertical, the digital signature market is segmented into banking financial services and insurance (BFSI), education, human resource, government, real estate, IT and telecommunication, healthcare and life sciences and others.
Global Digital Signature Market Country Level Analysis
The digital signature market is analyzed and market size, volume information are provided by country, component, deployment mode, organization size and industry vertical as referenced above.
The countries covered in the global digital signature market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the digital signature market due to early adopters of the latest technology and prominent key players within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the improving digitization in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Digital Signature Market Share Analysis
The digital signature market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to digital signature market.
The major players covered in the digital signature market report are Adobe, OneSpan, Gemalto NV, Ascertia, DocuSign Inc., Entrust Datacard Corporation, SIGNiX, Secured Signing Limited., IdenTrust,Inc; RPost, HelloSign, MultiCert, GlobalSign, Citrix Systems. Inc, Zoho Corporation Pvt. Ltd., Gemalto NV, KOFAX INC., ACE Technology, Antares Systems Ltd., Cloud84. eMudhra Limited among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Digital Signature Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.