A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled "Global Digital Signature Market - Predicted to Expand at a CAGR of 27.0% during Forecast 2018-2026" which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview.
A digital signature is an encrypted and electronic stamp of authentication on digital documents such as PDF files, word files, or online legal contract papers. With recent advancements in digital technology, cloud-based digital signature solutions are gaining traction in the market. The cloud-based segment is expected to account for a significant share of the digital signature market over the forecast period. The global digital signature market is currently driven by benefits provided by solutions such as cost reduction, improved efficiency, time saving, and enriched customer experience.
The global digital signature market was valued at US$ 804.8 Mn in 2017 and is expected to expand at a CAGR of 27.0% during the forecast period.
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Improved operational efficiency at reduced costs, enhanced security, and organized workflow associated with digital signatures are some of the factors expected to drive the digital signature market. However, lack of awareness regarding the legality of digital signatures and differences in digital signature regulations across various regions are some of the factors restraining the market. Government or industry association initiatives such as awareness programs for different industries could help increase consumer awareness about the legality of digital signatures. Open standard, cloud-based digital signatures, which can be integrated with existing applications, systems, or processes, making an end-to-end workflow organized and uninterrupted are anticipated to present significant opportunities for the digital signature market. Proliferation of tablets and smartphones and the presence of more than seven billion mobile devices across the globe offer significant opportunities for open standard, cloud-based digital signatures, which can be utilized on any mobile device and on any browser.
This research study on the global digital signature market provides a detailed analysis based on different segmentation categories such as deployment, industry vertical, and region. Based on deployment, the global digital signature market has been segmented into on-premise and cloud. In terms of industry vertical, the market has been divided into BFSI, real estate, education, government, health care, retail, transportation, legal, and other (IT & telecom, non-profit, etc.). Furthermore, based on region, the market has been classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Secondary research sources that are typically referred to include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, SEC filings, internal and external proprietary databases, relevant patent and regulatory databases, national government documents, statistical databases, market reports, news articles, press releases, webcasts specific to companies operating in the market, national government documents, statistical databases, market reports, Factiva, etc..
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Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information about the market size, market trends, growth trends, competitive landscape, outlook, etc.. These help us validate and strengthen secondary research findings. They also help develop the analysis team’s market expertise and understanding.
The report highlights well-established players operating in the market, including Adobe systems, Inc., DocuSign Inc., Gemalto N.V., Entrust Datacard Corporation, OneSpan (Esignlive), SIGNiX, Inc., Ascertia, Identrust, Inc., Kofax Inc., Rpost, and Secured Signing Ltd. These key players are looking to increase their market share by expanding their current digital signature offerings in emerging economies.
Global Digital Signature Market Segmentation
By Deployment
On-premise
Cloud
By Industry Vertical
BFSI
Real Estate
Education
Government
Health Care
Retail
Transportation
Legal
Other (IT & Telecom, Non-profit, etc.)
By Country/Region
North America
The U.S.
Canada
Rest of North America
Europe
The U.K.
Germany
France
Rest of Europe
Asia Pacific
China
Japan
Australia
Rest of Asia Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America
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