Digital Transaction Management (DTM) Market, [By Solution (Electronic Signatures, Workflow Automation, Document Digitization, Security & Compliance, Others); By Industry Vertical (BFSI, Construction & Real Estate, Education, Government, Healthcare, IT & Telecom, Others); By End User (SMBs, Large Enterprises); By Region]: Market Size & Forecast, 2018 – 2026
NEW YORK, Oct. 15, 2018 (GLOBE NEWSWIRE) --
Market Situation
Digital Transaction Management (DTM) Market is projected to grow at a CAGR of 27.7% from 2018 to 2026 according to a new study by Polaris Market Research. Digital Transaction Management are services based on cloud and are designed specifically for purposes such as creation, verification, and management of electronic documents along with providing the capability for transactions based on these documents.
Market Drivers & Challenges
Changeover of paper documentation with electronic/digital documentation along with rapid growth of ecommerce and increasing trend of royalty-based businesses has resulted in large amount of business transaction which in turn is expected to drive significant growth in the digital transaction management (DTM) market.
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Increased focus of organizations towards digitally transforming their document-based transactions and business processes is driving the growth in digital transaction management market. Advancement in digital technology and the push towards its adoption present enormous opportunities and potential for stakeholders in this market. Also, the dynamic capability of DTM to include parts of multiple documents-based processes/application such as workflow management, content management, business process management potentially presents a significant market opportunity.
Furthermore, significance of increasing connectivity due internet penetration, increasing adoption and importance of IT security, and regulatory encryption standards are other parameters responsible for the rapid deployment of digital transaction management services across the world.
However, lack of standardized DTM protocols and technology being at early stages of implementation among organizations might restrict the market growth. Also, concerns related to data security due involvement and exposure of critical data to third party are other challenges expected to be witnesses in the global digital transaction management market.
Get More Insights About the “Digital Transaction Management (DTM) Market Share & Forecast, 2018 – 2026” in detail along with the table of contents: https://www.polarismarketresearch.com/industry-analysis/digital-transaction-management-DTM-market/
Competitive Landscape
The global digital transaction management market is characterized by the presence of well-diversified vendors. These companies are consistently offering innovative solutions in line with the advancement in technologies which eventually cater to growing needs of customers across various industry verticals.
Some of the key companies profiled in digital transaction management market report include –
Accusoft Corporation (OnTask), AssureSign LLC, Box, Captricity, Connective, DocuFirst, DocuSign Inc., eOriginal Inc., eDoc Innovations, Euronovate S.A., Fluix, Kofax Inc., HelloSign, Insight Enterprises Inc., Namirial Spa, OneSpan, ThinkSmart LLC, Zorrosign Inc.
Region Analysis
The digital transaction management market report covers a detailed regional analysis and forecasts for North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is further segmented into U.S., and Canada while European region covers Germany, UK, Italy, and France. Also, the Asia Pacific regional analysis includes China, Japan, and India.
The North American Digital Transaction Management market had the largest market share in 2017 owing to trend of investments in cloud-based services. The region’s leading position is further attributed to significant demand and preference of the banking and financial services industry towards digital transformation in this region. Moreover, presence of established players in North America and availability of cloud infrastructure is another factor boosting the adoption of digital transaction management solutions.
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Market Segmentation
To provide an in-depth perspective and understanding on the global digital transaction management market, this market report covers segment analysis and forecasts by solutions, by industry verticals, by end users, and by region.
Below are the segments covered in the digital transaction management (DTM) market report –
Solution
- Electronic Signatures
- Document Digitization
- Workflow Automation
- Security & Compliance
- Others
Industry Vertical
- BFSI
- Construction & Real Estate
- Education
- Government
- Food and Beverages
- Healthcare
- IT & Telecom
- Others
End User
- SMBs
- Large Enterprises
Region
- North America
° U.S.
° Canada
- Europe
° UK
° Germany
° France
° Italy
- Asia Pacific
° China
° Japan
° India
- Latin America
° Brazil
° Mexico
- Middle East & Africa
About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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