Dublin, June 21, 2023 (GLOBE NEWSWIRE) -- The "Digital Signature: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Digital Signature estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$48.2 Billion by 2030, growing at a CAGR of 32.8% over the analysis period 2022-2030.
Solutions, one of the segments analyzed in the report, is projected to record 32.4% CAGR and reach US$35.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 34.1% CAGR for the next 8-year period.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 31.3% CAGR
The Digital Signature market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 31.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.7% and 28% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 29.1% CAGR.
Select Competitors (Total 294 Featured) -
- Adobe Inc.
- AlphaTrust Corporation
- Ascertia
- Bit4id Ltd
- ComSignTrust
- DigiCert, Inc.
- DocuSign, Inc.
- Entrust Corp.
- GlobalSign
- IdenTrust, Inc.
- Multicert
- Notarius
- OneSpan
- RNTrust (RECRO-NET Middle East FZ-LLC)
- RPost, Inc.
- Secured Signing Limited
- SunGard SIGNiX Inc.
- Symtrax Corp
- Thales Group
- Zoho Corporation Pvt. Ltd.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 706 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $5 Billion |
| Forecasted Market Value (USD) by 2030 | $48.2 Billion |
| Compound Annual Growth Rate | 32.7% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Impact of COVID-19 Pandemic and a Looming Global Recession
- Year 2021 in Review and Near-term Outlook
- Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
- World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
- Pandemic-Led Digital Transformation Puts the Spotlight on Digital Signatures
- Competitive Scenario
- Digital Signature - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- An Introduction to Digital Signature
- Digital Signature Market: Current Scenario and Outlook
- Growing Use of Digital Signatures in BFSI, Government & Defense and Legal Sectors
- Expanding Role of E-Signatures in Enterprise Applications
- Developed Regions Lead Digital Signature Market, Developing Economies Present Significant Growth Opportunities
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Numerous Advantages of Using Digital Signatures Drive Market Growth
- With Online and Electronic Transactions Growing, Digital Signature Offers Added Layer of Security
- Increasing Data Breach and Fraud Incidents Bolster Market Growth
- EXHBIIT: Number of Data Breaches and Exposed Records (in Million) in the US for the Period 2015-2020
- Average Cost of Data Breach in (US$ Million) by Country/Region for the Year 2021
- Amidst Digitization of Business Activities, Digital Signature Market Poised to Transform
- Businesses to Continue Implementation of Hybrid Human-Digital Experiences
- Regulations to Allow the Use of Electronic Signatures for Several Types of Agreements
- Robust Identity Assessment for Remote Electronic Signatures
- Conventional Forms-based Processes to Shift to Conversational, Intelligent Experiences
- Shared Services Model to Accelerate Enterprise Digitization
- E-signatures to Become Essential Part of the Contract Process for All Organizations
- E-signatures to Transform from a Team-specific Tool to an Enterprise-wide Strategic Imperative
- Digital Agreement Collaboration is Expected to Include New Functionality
- Digital Transformation to Revolutionize Internal Processes
- Touchless Experiences are Anticipated to Increase
- Advanced Identity Verification & Biometric Signature: Essential to Facilitate Remote E-Signatures
- Biometric Signatures
- Advanced Identity Checks
- Artificial Intelligence Drives Improvements in Digital Signature Technology
- AI's Role in Prevention of Forgery in Digital Signatures
- Future Role of AI in Digital Signature
- Role of Digital Signature in Blockchain Technology
- Digital Signature Leverages PKI to Deliver Highest Level of Security
- Surging Internet Penetration Rates Support Adoption of Digital Signatures
- World Internet Adoption Rate (in %) by Geographic Region: 2021
- Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
- High Risk of Fraud amidst Increasing Digitalization of Banking Transactions Fuels Demand for Digital Signatures
- Rise in Digital Banking Transactions Enhances Need for Digital Signatures: Global Online Banking Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
- Education Sector Benefits from Enhanced Security, Legal Compliance and Validity of Digital Signatures
- Government Bodies Adopt Digital Signatures to Ensure Secure & Efficient Document Processing
- Digital Signature Technologies Hold Prominence for Legal Services
- Real Estate Industry: Digital Transformation Enhances Significance of E-Signatures
- Digital Trends Transform Insurance Industry, Fuel Need for Digital Signatures
- Increased Use of Technology in Healthcare Presents Opportunity for Digital Signature Technology
- Digital Signature Software Market: Rise in Digital Technologies Enhance Growth Prospects
- Global Digital Signature Market: Percentage Breakdown of Revenues by Component for 2022 (E)
- Global Digital Signature Software Market: Percentage Breakdown of Sales by Application for 2022 (E)
- Increasing Adoption of Cloud-based Digital Signature Solutions
- Standards for Cloud-based Digital Signature
- Digital Signatures Allow Small Businesses to Digitize Business Activities
- Challenges Confronting Digital Signature Market
- Country-wide Differences in Regulations Governing Digital Signatures
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/9od3zq
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