Digital Signature Market By Component (Solutions (Hardware, Software), Services (Managed Services, Professional Services)), Deployment (On-Premise, Cloud), Application (BFSI, Telecom & IT, Healthcare, Education, Real Estate, Government, Others), And Region, Global Forecast 2018 To 2025
Oct 2020
Total Pages: 120
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The market size for global digital signature is anticipated to reach at USD 5 billion by 2025. The factors that include enhanced security with a seamless and controlled workflow, along with growing investments on electronic documents by private enterprises and governments are responsible for the global digital signature industry growth in the coming few years. Several advanced technologies are evolving to facilitate the internet authentication.
During online communication, the digital signatures facilitate enterprises to assure and authenticate client’s records and identity. Digital signatures provide highly precious prospects for businesses to enter into noncommercial agreements. For instance, if the law authenticates digital signature as valid signatures, an electronic mail jo offer would be considered as legal, similar to sending it as a hard copy duly signed by the candidate. Digital signature recognizes e-documents similarly as the printed handwritten signatures validate documents. The digital signature industry growth is fueled by promoting technological innovations to eradicate fraud, and enhance scalability, transparency, and data integrity.
Key Segments of the Global Digital Signature Market
Component Overview, 2018-2025 (USD Billion)
- Solutions
- Hardware
- Software
- Services
- Professional Services
- Managed Services
Deployment Overview, 2018-2025 (USD Billion)
- On-premise
- Cloud
Application Overview, 2018-2025 (USD Billion)
- BFSI
- Real Estate
- Education
- Healthcare
- Telecom & IT
- Government
- Others
Regional Overview, 2018-2025 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global digital signature market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global digital signature market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the digital signature industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global digital signature market. The report will benefit:
- Every stakeholder involved in the digital signature market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global digital signature market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global digital signature market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Use of paper during getting approvals, signing agreements or contracts, and performing transactions, involves a chain of tasks such as printing and scanning, among others, which increases the possibilities of errors. Moreover, the paper is likely to get damaged over period. Digital signature provides an enterprise-grade automation process which can lessen the amount of errors into the process through digital signature solutions. It also facilitates quicker and easier validation and cross-referencing. This in turn, assists businesses cut down expenditure and improve customer service, as digitally signed documents make sure that all agreed procedures are followed even during the ad-hoc transaction failure. Such factors encourage businesses to implement digital signature solutions, hence, boosting the industry growth.
Component Segment
The global digital signature market contains both solution and service segment. The solution is further segregated into software and services. The software segment has maximum revenue share within the global digital signature market in 2019. This is predominantly owing to a high demand for software solutions adoption and enhanced use as compared to the hardware solutions, and availability of deployment alternatives for various mobile devices. The services segment is anticipated to grow at a significant growth rate from 2020 to 2025.
Deployment Segment
Based on the deployment segment, the market is bifurcated into two sub-segments that are on-premise, and cloud. In 2019, the on-premise segment gathered the largest market revenue and it is anticipated to dominate the market throughout the forecast period. However, the cloud segment is anticipated to grow at a substantial growth rate over the forecast period. The cloud enables organizations with unified platform with SaaS based services providing improved security.
Application Segment
Based on the application, the market is segmented into BFSI, telecom & IT, healthcare, education, real estate, government, and others. The market for telecom & IT sector is anticipated to possess the largest market share in 2019 since the manufacturing companies today are predominantly developing to match their user needs. Moreover, accelerated cash flow and invoicing, real-time visibility, and enhanced compliance in the intricate document processes are some of the factors responsible for the digital signature demand.
The global digital signature industry is a wide range to North America, Asia Pacific, South America, Europe, and the Middle East & Africa. North America is considered a mature market in the digital signature applications, owing to an outsized presence of organization with the availability of technical expertise and advanced IT infrastructure. The US and Canada are the highest contributory countries to the expansion of the digital signature market in North America.
The major players of the global digital signature market are Adobe, Gemalto, Ascertia, OneSpan, DocuSign, Entrust Datacard, Secured Signing, Identrust, SIGNiX, Kofax, RPost Technologies, and more. The digital signature market is fragmented with the existence of well-known global and domestic players across the globe.
The market size for global digital signature is anticipated to reach at USD 5 billion by 2025. The factors that include enhanced security with a seamless and controlled workflow, along with growing investments on electronic documents by private enterprises and governments are responsible for the global digital signature industry growth in the coming few years. Several advanced technologies are evolving to facilitate the internet authentication.
During online communication, the digital signatures facilitate enterprises to assure and authenticate client’s records and identity. Digital signatures provide highly precious prospects for businesses to enter into noncommercial agreements. For instance, if the law authenticates digital signature as valid signatures, an electronic mail jo offer would be considered as legal, similar to sending it as a hard copy duly signed by the candidate. Digital signature recognizes e-documents similarly as the printed handwritten signatures validate documents. The digital signature industry growth is fueled by promoting technological innovations to eradicate fraud, and enhance scalability, transparency, and data integrity.
Key Segments of the Global Digital Signature Market
Component Overview, 2018-2025 (USD Billion)
- Solutions
- Hardware
- Software
- Services
- Professional Services
- Managed Services
Deployment Overview, 2018-2025 (USD Billion)
- On-premise
- Cloud
Application Overview, 2018-2025 (USD Billion)
- BFSI
- Real Estate
- Education
- Healthcare
- Telecom & IT
- Government
- Others
Regional Overview, 2018-2025 (USD Billion)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
- Middle East and Africa
- UAE
- South Africa
- Rest of Middle East and Africa
- South America
- Brazil
- Rest of South America
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the global digital signature market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the global digital signature market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the digital signature industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on component, deployment, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the global digital signature market. The report will benefit:
- Every stakeholder involved in the digital signature market.
- Managers within the Tech companies looking to publish recent and forecasted statistics about the global digital signature market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of global digital signature market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.1.1 Enhanced End-to-End Customer Experience
4.3.1.2 Improved Operational Efficiency at Lower OPEX
4.3.2 Restraints
4.3.2.1 Lack of Awareness About the Legality of Digital Signatures
4.3.3 Opportunities
4.5 PEST Analysis
Chapter 5 Digital Signature Market by Component
5.1 Introduction
5.1.1 Solutions
5.1.1.1 Hardware
5.1.1.2 Software
5.1.2 Services
5.1.2.1 Professional Services
5.1.2.2 Managed Services
Chapter 6 Digital Signature Market by Deployment
6.1 Introduction
6.1.1 On-premise
6.1.2 Cloud
Chapter 7 Digital Signature Market by Application
7.1 Introduction
7.1.1 BFSI
7.1.2 Telecom & IT
7.1.3 Healthcare
7.1.4 Real Estate
7.1.5 Government
7.1.6 Education
7.1.7 Others
Chapter 8 Digital Signature Market By Region
8.1 Introduction
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Middle East & Africa
8.5.1 UAE
8.5.2 South Africa
8.5.3 Rest of Middle East & Africa
8.6 South America
8.6.1 Brazil
8.6.2 Rest of South America
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Others
Chapter 10 Company Profiles
10.1 Adobe
10.1.1 Overview
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 Gemalto
10.2.1 Overview
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Ascertia
10.3.1 Overview
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 OneSpan
10.4.1 Overview
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 DocuSign
10.5.1 Overview
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 Entrust Datacard
10.6.1 Overview
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 Secured Signing
10.7.1 Overview
10.7.2 Products and Services Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT
10.8 Identrust
10.8.1 Overview
10.8.2 Products and Services Portfolio
10.8.3 Recent Initiatives
10.8.4 Company Financials
10.8.5 SWOT
10.9 SIGNiX
10.9.1 Overview
10.9.2 Products and Services Portfolio
10.9.3 Recent Initiatives
10.9.4 Company Financials
10.9.5 SWOT
10.10 Kofax
10.10.1 Overview
10.10.2 Products and Services Portfolio
10.10.3 Recent Initiatives
10.10.4 Company Financials
10.10.5 SWOT
10.11 Other Companies