Digital Transaction Management (DTM) Market Industry Size, Share, Company Analysis and Forecast 2023

Global Digital Transaction Management Market, By Solution (E-signature, Authentication, Document Archival, Workflow Automation), By Component (Hardware, Software, Services), End User (BFSI, Healthcare, Retail, Government) - Forecast 2023

Market Overview

The worldwide Digital Transaction Market 2020 can value at above USD 5,552.91 Mn by 2023 from USD 1,400 Mn in 2017, show study by Market Research Future (MRFR). The digital transaction management solutions have significant role to improve efficiency of work processes, plus improve convenience. This can prompt the expansion of the digital transaction management market.

The high rise in digital payment modes due to COVID-19 can cause expansion of the digital transaction management market. The growing applications of digital transaction is not only limited to densely populate and technically advanced regions, but their popularity is surging in the rural areas. This is due to the current coronavirus crisis, penetration of digital solution, better transparency, and growing trust on digital payment solutions. These factors are also likely to prompt the rise of the Digital Transaction Management Market.

On the contrary, the lack of awareness about common DTM standards can impede the market growth. In addition, the rise in concerns over complications and data security owing to third party involvement can also hinder the market rise. Weakening of cryptography standards, deliberate subverting, and interference from intelligence agencies can threat the expansion of the world digital transaction management market in the years to come.

Dominant Market Players

· Oracle (U.S.)

· Apple (U.S.)

· HP (U.S.)

· ThinkSmart (U.S.)

· IBM Corporation (U.S.)

· Microsoft Corporation (U.S.)

· DocuSign Inc. (U.S.)

· Intel (U.S.)

· eSignLive (Canada)

· Sony Corporation (Japan)

Market Segmentation

To gain a vivid understanding of the world market of digital transaction management, MRFR conducted segmental analysis of the market based on application, component, and type.

The component based, digital transaction management market segments are services, software, and hardware.

The type based, digital transaction management market segments are non-repudiation, e-signature, authentication, and workflow automation among others.

The application based, digital transaction management segments are retail, travel & transportation, government, IT & telecommunication, healthcare, media & entertainment, BFSI, and others.

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Detailed Regional Analysis

Digital transaction management market in the North America region is expected to boom in the years to come across the assessment period, reveals regional study by MRFR. The U.S. is likely to secure the largest share of the regional market due to the flourishing financial sector. As North America is observed as an economic powerhouse, plus the existence of major players across the region can prompt the expansion of digital transactions management market across the review period. The rapid uptake of modern technology can support the expansion of North America digital transaction market.

In Europe, the digital transaction management value can rise exponentially in the UK followed by the rest of the UK across the review period. The economic strength of Europe can improve the impetus to the regional market through the review period. In Asia Pacific, the expansion of the regional digital transaction management can surge at a rapid growth rate. In India, followed by the rest of APAC, the rise of the digital transaction management market can be credited to the expansion of the I.T. sector. The digital transaction management market in the Middle East and Africa can boom, especially in the Gulf economies. Africa digital transaction management market is likely to exhibit a moderate rise owing to the lack of digital solutions.

Intended Audience

· Technology Investors

· Research/Consultancy Firms

· Cloud Service Providers

· Security Service Providers

· Managed Service Providers

· Cloud Storage Providers

· Infrastructure Providers

TABLE OF CONTENT

1 Executive Summary

2 Market Dynamics

2.1 Market Growth Factors

2.1.1 High Adoption Of Cloud Services By Banking Sector

2.1.2 Growing Advancement in Digital Technology

2.2 Market Restraints

2.2.1 Cyber Threats

2.2.2 Lack of Technical Expertise and Trust Among Consumers

2.3 Digital Transaction Management

2.3.1 Digital Transaction Process

2.3.2 Digital Signature Process

2.4 Porter’s Five Forces Analysis

3 Global Digital Transaction Management Market, By Solutions

3.1 Introduction

3.2 Market By Sub-Segment

3.2.1 E-Signature

3.2.2 Authentication

3.2.3 Document Archival

3.2.4 Workflow Automation

Continued…

List of Tables

TABLE 1 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET BY SOLUTIONS, 2017-2023 (USD MILLION)

TABLE 2 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET BY E-SIGNATURE, 2017-2023 (USD MILLION)

TABLE 3 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET BY AUTHENTICATION, 2017-2023 (USD MILLION)

TABLE 4 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET BY DOCUMENT ARCHIVAL, 2017-2023 (USD MILLION)

TABLE 5 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET BY WORKFLOW AUTOMATION, 2017-2023 (USD MILLION)

Continued…

List of Figures

FIGURE 1 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET: DRIVERS & RESTRAINTS

FIGURE 2 GLOBAL DIGITAL TRANSACTION PROCESS

FIGURE 3 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET: PORTER’S FIVE FORCES ANALYSIS

FIGURE 4 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET BY SOLUTIONS, 2017-2023 (USD MILLION)

Continued…

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