Pune, April 20, 2023 (GLOBE NEWSWIRE) -- As per SNS Insider, the size of Digital Signature Market reached USD 5.17 billion in 2022, and it is anticipated to expand at a CAGR of 33.68% during the forecast period of 2023-2030, eventually reaching USD 52.76 billion.
Market Overview
Digital signatures are widely used in e-commerce, online banking, and other applications that require secure and trustworthy communication. They provide a way to verify the identity of the sender and the integrity of the message or document, which is essential for building trust and confidence in online transactions.
Market Analysis
One of the key factors contributing to the growth of the digital signature market is the rising usage of digital signatures to eradicate fraud. Traditional methods of document signing, such as ink signatures, can be easily forged or altered. However, with digital signatures, the process is much more secure, making it difficult for fraudsters to tamper with documents. Furthermore, the establishment of the government paperwork elimination act has contributed significantly to the growth of the market. This act mandates the use of electronic signatures for all federal government transactions, which has led to an increase in the adoption of digital signatures in government agencies.
Get a Sample Report of Digital Signature Market@ https://www.snsinsider.com/sample-request/2328
Key Company Profiles Analysis Listed in this Report Are:
The major key players are Adobe., Identrust Inc., Ascertia, DocuSign, inc., Entrust Corporation, Thales Group, Lexmark International, inc., Rpost., Secured signing limited, Vasco data security international, inc. sectors.
Impact of Russia-Ukraine Conflict
The ongoing conflict between Russia and Ukraine has had a significant impact on various sectors of their economies, and the digital signature market is no exception. Despite these challenges, the market in both countries is expected to continue growing in the coming years. As more businesses and individuals embrace digital technologies, the demand for digital signature services is likely to increase.
Digital Signature Market Report Scope:
| Report Attributes | Details |
| Market Size in 2022 | US$ 5.17 Billion |
| Market Size by 2030 | US$ 52.76 Billion |
| CAGR | CAGR of 33.68% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Digital Signature: Key Market Segmentation | • By Component (Hardware, Software, and Services) • By Deployment Model (On-premises and Cloud) • By Organization Size (SMEs and Large Enterprises) • By Industry Vertical (BFSI, Education, Human resource, IT & telecommunication, Government, Healthcare & life science, Real estate, Others) |
| Key Regional Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
Key Regional Developments
The digital signature market is witnessing substantial growth globally, and North America is poised to lead the way. This growth can be attributed to the increasing demand for secure and trustworthy transactions in the region. In addition, the widespread adoption of digital technology and the development of advanced authentication methods have contributed to the dominance of North America in this market. However, Europe is expected to catch up quickly in the coming years, owing to the rising demand for secure transactions, the implementation of new rules for electronic signatures, and the need for authenticating user identity in digital networks. The Asia-Pacific region is also expected to witness significant growth in the market, driven by the rapid development of the BFSI sector and the initiatives taken by various government organizations to enhance the use of digital technology.
Key Takeaway from Digital Signature Market Study
The market is witnessing substantial growth, and the software segment is expected to dominate the market in the coming years. This growth can be attributed to the increasing adoption of digital signature software in various industries and the rising demand for secure and trustworthy transactions.
The on-premise segment is expected to dominate the market due to the increasing demand for secure and reliable digital signature solutions. On-premise digital signature solutions are preferred by industries like banking, healthcare, and government, where security is of utmost importance.
Do you have any specific queries related to this research? Ask Your Query@ https://www.snsinsider.com/enquiry/2328
Recent Developments Related to Digital Signature Market
DocStribute, a leading provider of digital document management solutions, has recently announced the launch of a new product called dSign. This innovative solution is backed by distributed ledger technology (DLT) and is designed to offer a secure and reliable way to digitally sign documents.
A customer of Evrotrust, a company specializing in digital identification and electronic signatures, has recently acquired a stake in the company for €2.5 million. This move demonstrates the customer's confidence in Evrotrust's products and services, as well as their commitment to the digital transformation of their business.
Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 Forces Model
7. PEST Analysis
8. Digital Signature Market Segmentation, by Component
9. Digital Signature Market Segmentation, by Deployment Model
10. Digital Signature Market Segmentation, by Organization Size
11. Digital Signature Market Segmentation, by Industry Vertical
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
Buy Single-User PDF of Digital Signature Market Report@ https://www.snsinsider.com/checkout/2328
[For more information or need any customization about this research study, mail us at info@snsinsider.com]
About Us:
SNS Insider is one of the leading market research and consulting agencies that dominate the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world.
Access Complete Report Details@ https://www.snsinsider.com/reports/digital-signature-market-2328
