Press release
Legislative Support to the E-Signature Technology Escalates the Global Market Growth
Public key infrastructure (PKI) contributes highest revenue to the e-signature market, while Username and pin, Signature pad at POS, Clickwrap and Voices signature are the other major types of e-signature industry. The market for Clickwrap is likely to register the highest growth during the forecast period on account of growing e-commerce market, rising focus of the companies towards security and authenticity coupled with growing support of various government for bidding. On the other hand, cloud-based deployment accounts for the larger revenue as compared to on-premises, in the market for e-signature, and is further expected to be the leading segment on account of growing adoption of cloud-based services and rising security concern among enterprises.
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Geographically, North America has been the largest e-signature market and Asia-Pacific had been the fastest growing market. The U.S. stands as the largest market globally, whereas the market in India has been growing at highest pace. In addition, with growing government initiatives in India, such as Digital India and growing security concern among consumers, is expected to drive the demand of e-signature during the forecast period.
The anticipated growth in the Asia-Pacific market can be attributed to factors such as increasing concern for cyber security, significant growth in e-commerce industry and initiatives taken by various government associations for the elimination of paper work and enhancement in the use of digital technology in countries such as China and India. Further, increasing investment by e-signature software developing companies across the Asia-Pacific and increasing demand for e-signature by large enterprises is expected to drive the growth of e-signature market during forecast period.
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Some of the key players operating in the e-signature market are Adobe Systems Inc., Docusign Inc., RPost, SIGNiX Inc., Citrix Systems Inc., SSL Europa France SAS, AssureSign LLC, Sertifi Inc. and Gemalto NV.
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