The mobile notary public market is expected to reach a value of approximately US$ 1,885.3 million by the year 2033. In simpler terms, this means that the market for mobile notary services is projected to be worth a significant amount of money in just over a decade from now.
The growing popularity of e-notary applications is boosting the growth of the mobile notary public industry. This is beneficial because it offers a safer and more convenient way for businesses and individuals to get documents notarized.
Mobile notary public services enable notaries public, lawyers, and anyone else who requires notarization to do it electronically and securely. Having a mobile notary public available means that businesses and clients can easily access notarization services whenever they need them, making the process more convenient and reliable.
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A traditional notary public is unnecessary when using mobile notary public solutions to verify documents including deeds, insurance settlements, and affidavits. The main benefits of using e-notary software are that it saves time and effort compared to traditional notarizations, that confidential documents are protected, and that audit trails are provided. The ordinary individual nowadays finds it difficult to focus their attention on a single task because of the hectic pace of modern life. This trend has increased the need for on-the-go notaries public.
Some e-notary software permits electronic notary journal entries, speeding and simplifying notary procedures, which is one positive effect contributing to the surge in demand for a mobile notary public. These benefits explain why the need for a mobile notary public is growing.
However, the proliferation of online is a challenge for the growing field of mobile notary public market. Still, it’s a viable option due to the convenience and quickness of online notarization. This can be done while at home, in the office, or even on a business trip. This has led to the rise in the adoption of a mobile notary public. In addition, the growing incidence of COVID-19 may present new growth opportunities for the global mobile notary public market.
Key Players in the Mobile Notary Public Market:
- NotaryCam
- Nexsys Technologies
- ENotaryLog
- OneNotary
- Superior Notary Services
- First American Financial Corporation
- The Closing Exchange
- RED SEAL NOTARY
- Bancserv
- Mobile Notary Tampa
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Recent Developments
- January 2023: The National Notary Association (NNA) presents a study on the condition of the mobile notary public market.
- February 2023: California approves a statute permitting mobile notaries to undertake remote notarizations.
- March 2023: The business notarized reports that it has secured US $100 million in Series C investment.
Mobile Notary Public Market Segmentation:
By Type:
- Cloud-Based
- Web Based
By Application:
- Large Enterprises
- SEMs
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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