Digital Signature Global Market Report 2022: With Online and Electronic Transactions Growing, Digital Signature Offers Added Layer of Security

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Global Market for Digital Signature

Global Market for Digital Signature

Dublin, Oct. 31, 2022 (GLOBE NEWSWIRE) -- The "Digital Signature - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Digital Signature Market to Reach $20.4 Billion by 2027

Amid the COVID-19 crisis, the global market for Digital Signature estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$20.4 Billion by 2027, growing at a CAGR of 31.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 31% CAGR and reach US$15.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 32.5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 30.3% CAGR

The Digital Signature market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 30.3% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 27.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 28.3% CAGR.

Select Competitors (Total 294 Featured)

• Adobe Inc.

• AlphaTrust Corporation

• Ascertia

• Bit4id Ltd

• ComSignTrust

• DigiCert, Inc.

• DocuSign, Inc.

• Entrust Corp.

• GlobalSign

• IdenTrust, Inc.

• Multicert

• Notarius

• OneSpan

• RNTrust (RECRO-NET Middle East FZ-LLC)- RPost, Inc.

• Secured Signing Limited

• SunGard SIGNiX Inc.

• Symtrax Corp

• Thales Group

• Zoho Corporation Pvt. Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and a Looming Global Recession

• Year 2021 in Review and Near-term Outlook

• Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook

• Exhibit 1: World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023

• Pandemic-Led Digital Transformation Puts the Spotlight on Digital Signatures

• Competitive Scenario

• Exhibit 2: Digital Signature - Global Key Competitors Percentage Market Share in 2022 (E)

• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

• An Introduction to Digital Signature

• Digital Signature Market: Current Scenario and Outlook

• Growing Use of Digital Signatures in BFSI, Government & Defense and Legal Sectors

• Expanding Role of E-Signatures in Enterprise Applications

• Developed Regions Lead Digital Signature Market, Developing Economies Present Significant Growth Opportunities

• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Numerous Advantages of Using Digital Signatures Drive Market Growth

• With Online and Electronic Transactions Growing, Digital Signature Offers Added Layer of Security

• Increasing Data Breach and Fraud Incidents Bolster Market Growth

• Amidst Digitization of Business Activities, Digital Signature Market Poised to Transform

• Businesses to Continue Implementation of Hybrid Human-Digital Experiences

• Regulations to Allow the Use of Electronic Signatures for Several Types of Agreements

• Robust Identity Assessment for Remote Electronic Signatures

• Conventional Forms-based Processes to Shift to Conversational, Intelligent Experiences

• Shared Services Model to Accelerate Enterprise Digitization

• E-signatures to Become Essential Part of the Contract Process for All Organizations

• E-signatures to Transform from a Team-specific Tool to an Enterprise-wide Strategic Imperative

• Digital Agreement Collaboration is Expected to Include New Functionality

• Digital Transformation to Revolutionize Internal Processes

• Touchless Experiences are Anticipated to Increase

• Advanced Identity Verification & Biometric Signature: Essential to Facilitate Remote E-Signatures

• Biometric Signatures

• Advanced Identity Checks

• Artificial Intelligence Drives Improvements in Digital Signature Technology

• AI's Role in Prevention of Forgery in Digital Signatures

• Future Role of AI in Digital Signature

• Role of Digital Signature in Blockchain Technology

• Digital Signature Leverages PKI to Deliver Highest Level of Security

• Surging Internet Penetration Rates Support Adoption of Digital Signatures

• High Risk of Fraud amidst Increasing Digitalization of Banking Transactions Fuels Demand for Digital Signatures

• Education Sector Benefits from Enhanced Security, Legal Compliance and Validity of Digital Signatures

• Government Bodies Adopt Digital Signatures to Ensure Secure & Efficient Document Processing

• Digital Signature Technologies Hold Prominence for Legal Services

• Real Estate Industry: Digital Transformation Enhances Significance of E-Signatures

• Digital Trends Transform Insurance Industry, Fuel Need for Digital Signatures

• Increased Use of Technology in Healthcare Presents Opportunity for Digital Signature Technology

• Digital Signature Software Market: Rise in Digital Technologies Enhance Growth Prospects

• Increasing Adoption of Cloud-based Digital Signature Solutions

• Standards for Cloud-based Digital Signature

• Digital Signatures Allow Small Businesses to Digitize Business Activities

• Challenges Confronting Digital Signature Market

• Country-wide Differences in Regulations Governing Digital Signatures

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/3wz2xw

Attachment

• Global Market for Digital Signature

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