Digital Signature Market, by Component (Hardware, Software, and Services), by Deployment Mode (On-premises, and Cloud-based), by Vertical (BFSI, Real Estate, Education, Government, Health Care, and IT & Telecommunication) and By Region - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Digital Signature Market is anticipated to grow with a CAGR of 29.50% during the forecast timeline. Some of the factors contributing to the increase in demand of digital signature are acquisition, partnership, collaboration and others which are contributing to the growth of the market. A digital signature is a signature which is used on an electronic device without pen and paper for confirming the authenticity of digital messages or documents. According to the research study, Digital signature is widely used for doing business as it is making it easier to do business with people who are located in different countries as it has the ability to authenticate documents and contract digitally and can be easily transfer from one place to another. Furthermore, if the acceptance rate continues, digital signature global market will reach USD 24967.8 billion by 2030.

Market Segmentation:

The global digital signature market is segmented as follows: On the basis of components the market is categorized into hardware, software and services. Furthermore, by deployment type the market is classified into on-premises, and cloud-based. Additionally, by vertical the market is classified into BFSI, real estate, education, government, and health care, IT & Telecommunication and others .Moreover, by geography the market is divided into North America, Europe, Asia Pacific, and RoW.

Market Dynamics and Factors:

Increase in investment in electronic documents by government and companies is one of the major driving factor for the growth of the market. This is because it has lots of potential for deal making as it has the capability of confirming the authenticity of digital messages or documents remotely. Lack of awareness about legality of digital signature act as one of the restraining factor for the growth of the market .Raising number of partnership and acquisition act as an immense opportunity for the growth of the market as it makes it easier to do documentation and contract remotely.  Deeply rooted traditional business practices is still one of the major challenge for the growth of the market this is because of the lack of trust  of security it has, and not willing to accept new technology to be used in business.

Geographic Analysis:

North America is the number one revenue generator and is expected to continue during the coming years. Some of the factors contributing to the growth of the market are presence of large number of corporation who are doing business in different parts of the world, ability to accept new technology by most organization, good security protection and others. Europe is the second dominating region and some of the factors responsible for the growth of market in this region are good government support, increase in partnership, acquisition, and collaboration, making contract and documentation process smoother and easier, and among others.

Competitive Scenario:

The key players operating in digital signature industry are:

Ascertia, Adobe Systems, Inc., Docusign, Entrust Datacard Group, Esignlive By Vasco, Gemalto N.V., Identrust Inc., Kofax Limited (a Lexmark Company), Rpost Technologies, Secured Signing Limited, SIGNiX, Inc., OneSpan (Esignlive).

Digital Signature Market Report Scope