Digital Signature Global Market Research Report forecast 2020-30
Summary - A new market study, titled “Digital Signature
Global Market Report 2020-30: Covid 19 Implications and Growth Including: 1) By
Offering: Software; Hardware; Services 2) By Deployment: Cloud; On-premises 3)
By End User: Banking, Financial services, and Insurance(BFSI); IT and
Telecommunications; Government; Health care and life sciences; Education;
Retail; Real Estate; Others Covering: Adobe systems; DocuSign Inc.; Ascertia;
Identrust; SIGNiX” has been featured on Wise Guy Reports.
Digital Signature Global
Market Report 2020-30: Covid 19 Implications and Growth from The Business
Research Company provides the strategists, marketers and senior management with
the critical information they need to assess the global digital signature
market.
This report focuses on digital signature market which is
experiencing strong growth. The report gives a guide to the digital signature
market which will be shaping and changing our lives over the next ten years and
beyond, including the markets response to the challenge of the global pandemic.
Reasons to Purchase
• Gain a truly global perspective with the most
comprehensive report available on this market covering 12+ geographies.
• Understand how the market is being affected by the
coronavirus and how it is likely to emerge and grow as the impact of the virus
abates.
• Create regional and country strategies on the basis of
local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers
and trends shaping the market.
• Understand customers based on the latest market research
findings.
• Benchmark performance against key competitors.
• Utilize the relationships between key data sets for
superior strategizing.
• Suitable for supporting your internal and external
presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered
to you within 3-5 working days of order.
Description:
Where is the largest and fastest growing market for the
digital signature? How does the market relate to the overall economy,
demography and other similar markets? What forces will shape the market going
forward? The Digital Signature market global report from The Business Research
Company answers all these questions and many more.
The report covers market characteristics, size and growth,
segmentation, regional and country breakdowns, competitive landscape, market
shares, trends and strategies for this market. It traces the market’s historic
and forecast market growth by geography. It places the market within the
context of the wider digital signature market, and compares it with other
markets.
• The market characteristics section of the report defines
and explains the market.
• The market size section gives the market size ($b)
covering both the historic growth of the market, the influence of the Covid 19
virus and forecasting its growth.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an
analysis of the market in each geography and the size of the market by
geography and compares their historic and forecast growth. It covers the growth
trajectory of Covid 19 for all regions, key developed countries and major
emerging markets.
• Competitive landscape gives a description of the
competitive nature of the market, market shares, and a description of the
leading companies. Key financial deals which have shaped the market in recent
years are identified.
• The trends and strategies section analyses the shape of
the market as it emerges from the crisis and suggests how companies can grow as
the market recovers.
• The digital signature market section of the report gives
context. It compares the digital signature market with other segments of the
digital signature market by size and growth, historic and forecast. It analyses
GDP proportion, expenditure per capita, digital signature indicators
comparison.
Scope
Markets Covered:
1) By Offering: Software; Hardware; Services
2) By Deployment: Cloud; On-premises
3) By End User: Banking, Financial services, and
Insurance(BFSI); IT and Telecommunications; Government; Health care and life
sciences; Education; Retail; Real Estate; Others
Companies Mentioned: Adobe systems; DocuSign Inc.; Ascertia;
Identrust; SIGNiX
Countries: Australia; Brazil; China; France; Germany; India;
Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North
America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets,
GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast
data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the
report is sourced using end notes.
Major players in the digital signature market are Adobe
Systems, DocuSign Inc., Ascertia, Identrust, SIGNiX, Gemalto, Entrust Datacard
Corporation, Kofax Limited (a Lexmark Company), and RPost Technologies.
The global digital signatures market is expected to grow
from $1.83 billion in 2019 to 2.33 billion in 2020 at a compound annual growth
rate (CAGR) of 27.69%. The global pandemic of COVID-19 is preventing
individuals from traveling and brought in many restrictive measures such as
lockdown, suspended transport services, and the closure of other non-essential
services to avoid being in close proximity with other individuals.
Consequently, individuals, companies and businesses now wish to use electronic
signatures as an alternative to the traditional wet-ink signatures when signing
documents to continue to operate remotely. The market is expected to reach $4.95
billion in 2023 at a CAGR of 28.58%.
The digital signature market consists of sales of digital
signature solutions and related services. A digital signature is an electronic
signature and is equivalent to a handwritten signature or stamped seal. It offers
more inherent security and is expected to solve the problems of tampering and
impersonation. The digital signature solutions include software and hardware
solutions, and related services.
North America was the largest region in the digital
signature market in 2019. Asia-Pacific and Europe are expected to be the
fastest-growing regions in the forecast period.
The digital signature solutions providing companies are
integrating blockchain technology with the digital signature. The goal of
integrating blockchain with a digital signature is to offer users the
possibility to certify integrity and time stamp. For instance, DocuSign
collaborated with Visa for the public prototypes of a blockchain-based smart
contract. A blockchain-based smart contract turns the contract into a computer
program and the internet-connected program monitors and triggers the relevant
actions on the contract's terms.
The digital signature market covered in this report is
segmented by offering into software; hardware; services. It is also segmented
by deployment into cloud; on-premises and by end-user into banking, financial
services, and insurance(BFSI); IT and telecommunications; government; health
care and life sciences; education; retail; real estate; others.
The lack of awareness about the legality of the digital
signature is a major challenge for the digital signature market. Several
countries have formulated laws assigning legal validity to digital signatures
to ensure authenticity and security. For instance, ESIGN Act (Electronic
Signature in Global and National Commerce Act), GPEA (Government Paperwork
Elimination Act), EU law (EU Directive for Electronic Signatures), and Indian
IT Act 2000, among others. However, the public across various countries are
unaware of the existence of the digital signature law. This is mainly because
of the lack of proper communication on the adoption of laws and regulations.
Due to the complexity of regulations and the difficulty of understanding laws,
the public seems to be unaware of the details. Therefore, the lack of awareness
about the legality of a digital signature is limiting the adoption of digital
signatures thereby impacting the market growth.
In May 2020, Visma, a Norway-based software consulting and
developing company, acquired the digital signature and document management
provider Zetech for an undisclosed amount. The acquisition is expected to add
nearly 1,000 new customers and a million users across five countries and
strengthen Visma's ability to provide resilient cloud solutions to Latin
America.
Supporting policies by the governments of various nations
drove the digital signature market. For instance, in December 2018, the US
government has passed an act called the 21st Century Integrated Digital
Experience Act (also known as 21st Century IDEA Act). The 21st Century IDEA Act
created a set of minimum functionalities and security standards that federal
agencies must meet. According to this Act, the agencies must offer digital
versions of paper-based citizen services and accept digital signatures, thereby,
allowing citizens to complete transactions digitally. Such policies by the
government of various nations have boosted the demand for the digital signature
market.
FOR MORE DETAILS: https://www.wiseguyreports.com/reports/5583644-digital-signature-global-market-report-2020-30-covid
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