Global Contactless Payment Transaction Market Investigation & Industry Evolution till 2025
Market Research Report Search Engine (MRRSE) recently announced the addition of a new research study to its comprehensive collection of research reports. The research report, titled “Global Market Study on Digital Signature Software: BFSI Industry Segment Projected to Register High Growth Rates During 2017-2025” offers a detailed analysis of the market, providing insights into the market dynamics that are expected to influence the overall market positively in the next few years. Furthermore, the product segmentation, drivers, barriers, key geographical segments, and the competitive scenario of the Global Digital Signature Software market have been elaborated upon in the research report.Try Sample Report @ https://www.mrrse.com/sample/3111
The global digital signature software market was valued at US$ 587.6 Mn in 2016 and is projected to cross US$ 3,400 Mn by the year 2025. Sales revenue is expected to increase at a CAGR of 22.4% during the forecast period (2017-2025).
Increasing adoption of digital signature in legal proceedings is boosting the growth of the digital signature software market
As a certain level of secrecy is required in legal proceedings, digital signature technology can be of great help in this field. A digital signature is generated using specific software and devices and ensures security of data once a document has been digitally signed. This ensures greater security to the party signing the document as well as to the one receiving it and it authenticates the identity of both the parties. The software generates a digital signature, which is unique to the person linked to the executive document in a way that if it is changed, it becomes invalid; and hence the digital signature enables the party to know that the integrity of the said document has been compromised. Digitally signed documents have a great potential in the legal field, thereby aiding the growth of the digital signature software market during the assessment period.
Inherent advantages like savings of money and time likely to boost the growth of the digital signature software market
One of the chief reasons for the growth of the digital signature software market is the cost and convenience of the digital signature. Adoption of digital signature ensures significantly lower use of sharing documents as compared to the process adopted in the use of physical documents, which involves paper, printing, and various other formalities such as shipping or courier costs. As a result, a large number of organizations are opting to switch to paperless processes, which in turn is driving the growth of the global digital signature software market. Also, due to the adoption of the digital signature technology, there is a considerable saving of time as compared to the conventional processes that entail filling in details in documents, rekeying data, searching for lost documents, or tracking down a contract that has been lost in email.
As digital signatures are cumbersome to implement, this may stall the growth of the digital signature software market
The implementation of a digital signature is a very complicated process. First, one has to obtain a digital signature or a physical token from a certified authority requiring government issued ID and biometric data. A digital signature is convenient for those parties who opt for regular transactions. However, in the case of one-time transactions for consumers and for small businesses, the process is complicated and inconvenient. Also, some digital signature processes can be computationally intensive, slowing down business processes and limiting their ability to scale. This may hamper the growth of the digital signature software market.
For Detailed Reading Please Visit Digital Signature Software Market Reports @ https://www.mrrse.com/digital-signature-software-market
Global Digital Signature Software Market Analysis & Forecast, By Industry
In terms of revenue, the BFSI segment is projected to be the most attractive industry segment in the global digital signature software market during the forecast period. The BFSI segment is expected to register comparatively higher year-on-year growth rates throughout the forecast. Revenue from the BFSI segment is estimated to increase from US$ 159.6 Mn in 2016 to US$ 1,138.1 Mn by 2025 end, representing a CAGR of 25.3% from 2017 to 2025. The BFSI segment accounts for the highest market share in the global digital signature software market due to its adaptation in various departments like loans, mortgages and administration departments. The BFSI segment is estimated to create incremental opportunity of US$ 950.9 Mn between 2017 and 2025.
Digital signature for small and medium enterprises is an upcoming opportunity
With the migration from traditional deployments like on-premise to cloud deployment model, digital signatures are providing a chance for small and medium institutions to adopt the technology. The cloud deployment model eliminates on-premise deployment cost and maintenance cost. This technology is provided on pay-per-use basis, where customers need to only pay for what they have used. By adopting digital signature technology, small and medium enterprises can reduce the time taken to physically sign important documents, which also helps save money. Hence, there is a huge opportunity for small and medium enterprises to adopt this technology.
Digital signatures for healthcare and pharmaceutical industries is a lucrative opportunity
The trend to digitize and transform healthcare is accelerating. Healthcare professionals, administrators and providers, all are of the opinion that it is time to remove paper from common processes like contracting and procurement, HR, Medicare billing, patient onboarding and more. As a result, the traditional way of signing healthcare documents is changing from paper to paperless. This development will help in providing confidentiality and security for documents and records of patients as it complies with the global e-signature legislation.
About (MRRSE)
Market Research Reports Search Engine (MRRSE) is an industry-leading database of Technology Research Reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords.
MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.
Contact Us
State Tower
90, State Street
Suite 700
Albany, NY - 12207
United States Telephone: +1-518-730-0559
Email: sales@mrrse.com
Website: https://www.mrrse.com/
Read More Industry News At: https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Contactless Payment Transaction Market Investigation & Industry Evolution till 2025 here
News-ID: 1051518 • Views: …
More Releases from Market Research Reports Search Engine - MRRSE
Global Video Event Data Recorder Market: Industry Analysis and Opportunity Asses …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Video Event Data Recorder Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
To Get Sample Report @ https://www.mrrse.com/sample/2941
The global video event data recorder (VEDR)…
Global Octabin Market key Insights Based On Product Type, End-use and Regional D …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Octabin Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Get Sample Report with More Info @ https://www.mrrse.com/sample/16143
Packaging solutions for bulk cargo are gaining fast…
Global Ion Beam Technology Market Examines Latest Trends and Key Drivers Support …
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled“Global Ion Beam Technology Market”to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
Click here – Request Sample Report @ https://www.mrrse.com/sample/3126
Application of ion beam was rarely found…
Cash- in Transit Bags Market 2025 | Global Key Players: TruSeal (Pty) Ltd, Harco …
This report on the Global Cash-in Transit Bags Market provides analysis for the period 2015–2025, wherein 2016 is the base year and the period from 2017 to 2025 is the forecast period. Data for 2015 has been included as historical information. The report covers market dynamics including drivers, restraints, opportunities, trends, and policies and regulations which are expected to influence the cash-in transit bags market growth during the said period.…
More Releases for Digital
Digital Therapeutics Market, Digital Therapeutics Market Size, Digital Therapeut …
The global digital therapeutics market is expected to reach US$ 8,941.1 Mn by 2025 from US$ 1,993.2 Mn in 2017. The market is estimated to grow with a CAGR of 20.8% during the forecast period from 2018 to 2025.
North America is the largest geographic market and it is expected to be the largest revenue generator during the forecast period, whereas the market is expected to witness growth at a significant…
Digital Advertising on Mobil Market Analysis 2019 Top Growing Companies: Adverti …
Digital Advertising on Mobil Market
Digital Advertising on Mobile Market is a type of advertising that shows that mobile devices such as smart phones and tablets have wireless connectivity. For mobile devices with fewer lenses than computers or laptops, digital media formats are often the most suitable for small displays through outputs. Telephone advertising is the communication of products or services of mobile devices and consumers. Telephone announcements range from…
Digital Package Market Size by Analyzing Historical Data, Future Prospect and Ke …
Global Digital Package Industry 2019-2025 Market Research Report explores an in-depth insight of Digital Package Market covering all important parameters including development trends, challenges, opportunities, key manufacturers and competitive analysis. This in-depth market report, which is updated every year, provides all you need to know about the global Digital Package market. The report includes the market volumes for Digital Package present and latest news and updates about the market situation.Digital…
Digital Display Market Future Growth with Worldwide Players (Digital Virgo, Digi …
Digital Display Industry 2019 Global Market 2025 research report represents the historical overview of current Market situation, size, share, trends, growth, supply, outlook and manufacturers with detailed analysis. It also focuses on Digital Display volume and value at global level, regional level and company level. From a global perspective, this report represents overall Digital Display market size by analyzing historical data and future prospect.
Get Sample Copy of this Report -…
Top Key Players like Digital Brand Architects, Marketing Factory Inc., Digital A …
Digital Marketing Strategy is the series of actions that help you to achieve your company goals through carefully selected online marketing channels. These channels include paid, earned, and owned media, and can all support a common campaign around a particular line of business. Here we include some digital marketing strategies that can help to grow business in future: Setting a Goal, Creating a Marketing Funnel, Developing a call-to-action, creating an…
Digital Video Recorder Market - Digital Technology With The Adoption of Digital …
A digital video recorder (DVR) is an electronic device that records video in a digital format to a hard disk drive (HDD), solid state drive (SSD), USB flash drive, SD card, or other mass storage devices. Digital video recorders include set-top-boxes, television sets, personal computers, camcorders, and media players with recording capability. Digital video recorders are used mainly for entertainment and security and surveillance applications. Fast data retrieval, less storage…