Digital Signature Market by Solution (Software and Hardware), Services, Deployment, Application (BFSI, Government and Defence, Legal, Real Estate, Manufacturing and Engineering, Healthcare and Lifesciences) and Region - Global Forecast to 2021
"The growing demand for digital signature applications, strategic business processes, and the need for securing transactions are driving the digital signature market"
The digital signature market size is estimated to grow from USD 662.7 million in 2016 to USD 2657.0 million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 32.0% from 2016 to 2021. The digital signature market is driven by factors, such as the increasing need for securing transactions and authenticating identity. However, the digital signature market lacks awareness regarding legality of digital signatures.
"The cloud-based deployment mode is expected to have the largest market share during the forecast period"
Cloud-based deployment mode is expected to have the largest market share during the forecast period. The cloud-based deployment mode provides digital signature solutions to end-users by reducing the operational cost of implementation. The cloud-based system involves network data exchange between the signer and signing-enabled cloud environment. Furthermore, the cloud enables companies to offer multi-channel signatures. It also helps reduce the use of paper, by busing digital signature resources.
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"North America is expected to have the largest share of the market; whereas, Asia-Pacific (APAC) is projected with the highest growth rate"
North America is expected to hold the largest market share in 2016, while Europe is the fastest-growing, in terms of CAGR. Factors such as the need for secure reliable transactions, authenticating the identity of users over digital network, and the new release of regulations for electronic signatures by the European Electronic Messaging Association are driving the adoption of digital signature solutions in Europe.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up profiles of primary participants is given below:
* By Company Type: Tier 1 - 12%, Tier 2 - 32%, and Tier 3 - 56%
* By Designation: C level - 16%, Director level - 33%, and Others - 51%
* By Region: North America - 25%, Europe - 49%, APAC - 15%, and RoW- 11%
Digital signature has enabled improved transactions, such as better security and authentication of user identity. The increasing demand for digital signature among Small and Medium Enterprises (SMEs) has further enhanced the demand for the market across many verticals.
The various key digital signature vendors and service providers profiled in the report are as follows:
1. Adobe Systems, Inc. (California, U.S.)
2. Gemalto, Inc. (Amsterdam, Netherlands)
3. Secured Signing Limited (New Zealand)
4. Signix (Chattanooga, U.S.)
5. Ascertia (Park Guildford, U.K.)
6. Entrust Datacard Corp. (Minneapolis, Minnesota, U.S.)
7. eSignLive (Montreal, Canada)
8. RPost Technologies (Los Angeles, U.S.)
9. Kofax Limited (Irvine, California, U.S.)
10. DocuSign (San Francisco, California, U.S.)
11. IdenTrust, Inc. (California, U.S.)
* The report aims to analyze the digital signature market segmented on the basis of components, deployment types, technology services, verticals, and regions.
* It analyses the opportunities for stakeholders through the study of the competitive landscape in the digital signature market
* It provides insights on core competencies and key growth strategies of companies in the digital signature market
* The report provides forecast of the market size of the digital signature market and its various submarkets with respect to five regions, namely, North America, APAC, Europe, Middle East & Africa (MEA), and Latin America.
Reasons to Buy this Report:
From an insight perspective, this research report has focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, supply chain analysis, and company profiles, which together comprises and discusses the basic views on the competitive landscape, the emerging & high-growth segments of the digital signature market, high-growth regions, and market drivers, restraints, & opportunities.
The report provides insights on the following pointers:
* Market Penetration: Comprehensive information on digital signature offered by top players in the global digital signature market
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