In 2018 and 2023, respectively, the market for digital signatures is projected to generate revenues of US$3,288.9 million and US$21,455.6 million. The market is anticipated to expand at a 20.8% value CAGR from 2023 to 2033.
The global market for digital signatures is increasing quickly because they are more dependable and secure than earlier varieties of electronic signatures. The market is expanding as a result of the adoption of digital signatures in numerous applications, including financial transactions, contract management software, software distribution, and others. Lax government regulations and data protection legislation, however, may significantly hamper industry expansion in growing and developing nations.
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Several governments have been urged to invest in the sector due to the growing importance of digital signatures, which is expected to benefit the market. The global market for commercial satellite imaging is expected to be lucrative in the deployment segment. Budgets for digital signatures are changing dramatically in a number of emerging economies, creating appealing opportunities for market participants.
Key Takeaways:
- The global digital signature market is to experience a CAGR of 20.6% from 2022 to 2030.
- By deployment, the on-premises segment is expected to record a 16.2% CAGR by 2032.
- By Industry Vertical, the BFSI segment is to expand at a 21.1% growth rate during the forecast period.
- The U.S. market to garner US$ 7.5 Billion and record a 21.6% CAGR from 2022-2032.
- Market in China to procure US$ 1.8 Billion, expanding at a 22.9% growth rate during the assessment period.
Competitive Landscape
Key players in the global commercial satellite imaging market are Adobe Systems, Ascertia, Docusign Inc., Entrust Datacard Corporation, and SIGNiX among others. Recent developments among key players are:
- In May 2021, Entrust Datacard Corporation launched its remote signing service (RSS) solution, to enable trust for increasingly dispersed workforces, by integrating high-assurance, verifiable employee signature capabilities into document apps and workflows. The requirement to support new remote business scenarios has grown as enterprises move to the cloud and their workforces become more widespread.
- In February 2020, Secured Signing Limited released new improvements to the signing processes and account reporting, to save workflow settings for individual forms, thereby enabling users to send out templates faster. The new enhancements include template workflow setting, integration with the JobAdder software platform, and enhancements to the platform integrated with Salesforce.com
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More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Digital Signature Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Covered in the Digital Signature Market Report
By Deployment
- Cloud-based Digital Signature
- On-Premises Digital Signature
By Industry Vertical
- Digital Signature for BFSI
- Digital Signature for Real Estate
- Digital Signature for Education
- Digital Signature for Government
- Digital Signature for Healthcare
- Digital Signature for Retail
- Digital Signature for Transportation
- Digital Signature for Legal Processes
- Digital Signature for Other Verticals
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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About Us
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse Other Reports: https://www.futuremarketinsights.com/reports
LinkedIn| Twitter| Blogs
