Digital Transaction Management Global Market 2018 with High CAGR 31% by Top key Players: Apple, IBM, Sony, Intel, Microsoft, Oracle and eSignLive Forecast to 2023

Market Highlights:

Digital transaction management refers to management of document based transactions digitally. It helps in making the work processes more fast, efficient and convenient. With growing popularity of internet and growing number of active internet users, digital transaction management market is expected to witness high growth rate during the forecast period. Increasing implementation of IT security and adoption of cloud based services are the factors responsible for driving the growth of digital transaction management market.

Major factors driving the growth of digital transaction management market are the growing emphasis on consumer experience in organization and growing advancement in digital technology. Rise in security concerns for digital business transaction is another major factor driving the growth of digital transaction management market. Adoption of digital transaction management will reduce the burden of maintaining paper documents and managing them. This could be another major factor driving the growth of digital transaction market.

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Potential of DTM to subsume parts of other process such as business process management (BPM), enterprise content management (ECM), workflow management and other document applications is expected to be a large market opportunity. The growing functionality and advantages of DTM such as e-signatures, proof audit trail and history, authentication and non-repudiation, co-browsing between the customer and the business, secure document transfer, faster, easier, and more convenient transfers of documents, certification, secure archiving are other drivers of the market.

Growing connectivity and number of internet users, increasing implementation of IT security, development of encryption, falling digital divide is expected to lead to faster adoption of the digital transaction management market. The enactment of laws to make digital transactions admissible in court proceedings is regulatory driver supporting the growth of the market. Automation and reduced work flow coupled improved scalability and efficiency results in reduced cost of transaction is another benefit accrued by the implementation of DTM.

The Global Digital Transaction Management Market is expected to grow at approx. USD 125 Billion by 2023, at 31% of CAGR between 2017 and 2023.

Key Players:

• Apple (U.S.)
• IBM Corporation (U.S.)
• Sony Corporation (Japan)
• Intel (U.S.)
• Microsoft Corporation (U.S.)
• Oracle (U.S.), HP (U.S.)
• eSignLive (Canada)
• DocuSign Inc. (U.S.)
• ThinkSmart (U.S)

Segments:
Digital transaction management market can be segmented on the basis of following:

By Component
• Hardware
• Software
• Services

By Type
• Authentication
• E-Signature
• Non-Repudiation
• Workflow Automation

By Application
• BFSI
• Healthcare
• Retail
• IT & Telecommunication
• Travel & Transportation
• Media & Entertainment
• Government
• Others

Regional Analysis:

The regional analysis of digital transaction management market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific is projected to grow at the fastest rate during the forecast period. The major growth in digital transaction management market in North America is attributed to technical advancements and how it reduces the burden of managing paper documents and provides better consumer experience in that region.

North America accounts for the largest share of the market, led by the U.S. owing to its large financial sector, being an economic powerhouse, presence of global players, faster uptake of new technology and first comer advantage. Europe is expected to be led by Germany, France and the U.K. The economic union of Europe with the Shenzhen agreement has provided an impetus to the market growth.

Asia-Pacific is projected to generate the fastest rate led by China, Japan and India owing to their fast developing economy and burgeoning I.T. sector. The Middle East and Africa region is expected to be skewed in favor of Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar. The Africa region is expected to generate a slow growth owing to lack of digitization.

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Industry News:
April 2014 – Coupa Software, partnered with DocuSign Inc., to integrate DocuSign’s digital transaction management (DTM) platform with an aim to achieve 100 % digitalization of business, increase security and compliance, and an enhanced customer and employee experience.

October 2017 - advanced Digital Transaction Management (DTM) platform developer ZorroSign, Inc., enhanced the functionality of its DTM platform ZorroSign which can now secure, validate, and authenticate electronically signed documents using biometrics from mobile devices.

Intended Audience:

• Technology Investors
• Research/Consultancy Firms
• Cloud Service Providers
• Security Service Providers
• Managed Service Providers
• Cloud Storage Providers
• Infrastructure Providers

Table of Contents

1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
3 Market Dynamics
3.1 Introduction
3.2 Market Drivers
3.3 Market Challenges
3.4 Market Opportunities
3.5 Market Restraints
Continues...

List of Tables
Table 1 Digital Transaction Management Market, By Component
Table 2 Digital Transaction Management Market, By Type
Table 3 Digital Transaction Management Market, By Application
Table 4 Digital Transaction Management Market, By Regions
Table 5 North America Digital Transaction Management Market, By Component
Continues...

List of Figures
Figure 1 Research Type
Figure 2 Digital Transaction Management Market, By Component (%)
Figure 3 Digital Transaction Management Market, By Type (%)
Figure 4 Digital Transaction Management Market, By Application (%)
Figure 5 Digital Transaction Management Market, By Regions (%)
Continues...

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