Global Digital Signatures Market, CAGR Status, Market Growth, Trends, Analysis and Forecast (2020 - 2023)

Digital Signatures Market (2020 – 2023) report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving Revenue growth and profitability. The Digital Signatures market report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market.

Digital Signatures Market report is anticipated to register a CAGR of 20.31% over a five years forecast period (2020 – 2023).”

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List of Major Key players operating in the Global Digital Signatures Market are –

  • SunGard Signix Inc
  • DocuSign
  • Silanis-eSignLive
  • SafeNet
  • Inc.
  • ePadLink
  • Topaz systems
  • Ascertia
  • Digistamp
  • Globalsign
  • RightSignature
  • HelloSign
  • Wacom

The global digital signatures market was valued at USD 1.04 billion in 2017, and is expected to reach a value of USD 3.96 billion by 2023, at a CAGR of 20.31%, during the forecast period. The scope of the report covers various segmented of the market, including by deployment on premise, cloud, and hybrid, by components, such as software, hardware, and services. The end-user industry is limited to BFSI, government, healthcare, oil & gas, military and defense, logistics and transportation, research and education. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.

Need For Data Security during Transmission of Sensitive Information

The boom of e-commerce, online banking which raised the need for companies to secure their networks to gain customers' confidence. It has led to greater and faster rate of adoption rates of digital signatures, which act as the sender's personal seal of authenticity over any electronic document. However, the lack of understanding of the working of these signatures and inability to properly dispose/discard the keys once their lifetime/usage is expired hinders the growth of this market.

Banking is the Fastest Growing Sector

Banking and Insurance being an inevitable part of one's personal and professional lives needs to be enhanced regarding technology usage for validation and protection against malicious alterations. The multiple advantages of digital signatures include a handsome percentage reduction in the overall operating costs associated with the opening up of bank accounts, the quantum of paper formalities is also reduced. Customer engagement can be enhanced by using the suggested technology, which further leads to minimization of time & work efforts. These Technological revolution led to an accelerating rate way of handling the banking affairs, especially via online channels is augmenting the growth of digital signature market during the forecast period.

North America region has a significant market share.

Owing to the growth of the financial & legal services sector and stringent cyber laws. Europe is expected to witness significant growth rate, due to the electronic signature regulations, that would enhance cross-country trading, recently introduced by European Electronic Messaging Association. Growing need for reliable & secure transactions and authenticating user identity over a digital network is anticipated to drive digital signature adoption in the region.

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Scope of the Report:

The report analyses Digital Signatures market, which includes –

  • Analysis of the growth of Digital Signatures market in global and regional level including Asia-Pacific, Americas, and EMEA.
  • The report provides Digital Signatures market analysis for key countries including the US, Canada, Chile, China, India, Japan, the UK, Germany, France, and Italy.
  • The report offers country level Digital Signatures market volume and value by end-user segment for the period 2012-2023.
  • Qualitative analysis of key market drivers and restraints, and analysis of their impacts on Digital Signatures market are discussed.
  • The report provides competitive landscape at country level for the year 2020. It also covers key policies and initiatives, key deals, and key upcoming projects.

Highlighted points of Digital Signatures Market Report:

  • Varying dynamics of the Digital Signatures industry.
  • Prospective changes in sales volumes and worldwide share growth in upcoming years (2020-2023).
  • Digital Signatures market report recognizes the key drivers of growth and challenges of the key industry players.
  • Competitors profiles along with product description, overview, and business data.
  • A complete analysis of market risks, opportunities, limitations, and growth of the market.
  • Market driving and restraining factors.
  • Delivers information on the historical and current market size and the future potential of the market.
  • Digital Signatures market report provides a comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of the market.

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Reasons to Purchase Digital Signatures Market Report:

  • The report analyses how stringent emission control norms will drive the global Digital Signatures market.
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
  • Study on the product type that is expected to dominate the market.
  • Study on the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares and strategies employed by the major Digital Signatures market players.
  • 3 months’ analyst support along with the Market Estimate sheet (in excel).

In this study, the years considered to estimate the market size of Digital Signatures:

History Year: 2013-2017
Base Year: 2017
Estimated Year: 2020
Forecast Year 2020 to 2023

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Mr. Ajay More

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