U.S. Digital Signature Market Advancement Outlook, Competitive Insights, Significant Futuristic Trends and Opportunities 2023

U.S. Digital Signature Market Segmentation
By Solution
• Software
• Hardware

By Service
• Managed
• Professional

By Deployment Type
• Cloud Based
• On-Premise

By Application
• Government
• BFSI
• IT & Telecom
• Healthcare & Life Sciences
• Retail & Manufacturing
• Others (Includes Legal, Corporate, Education & Entertainment)

U.S. digital signature market size is forecasted to reach $1,013 million by 2023, is expected to register over 20% CAGR during 2017-2023.

Increasing use of digital signatures to eliminate fraud, has been cited as one of the prime factors for strong growth of the market in the country. A lot of counterfeit and tempering incidences has been observed in software distribution and financial transaction processes across the U.S., which is creating robust demand for digital signature in the country.

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Digital signature enables the sender to digitally sign and send the document, and allow them to authenticate receiver. Obligation of validating digital documents across different verticals including patient consents, contracts, court documents, claims, cash management, policies, and records, is backing the market growth.

Insights on market segments

Among solutions in the digital signature market, software led the market in terms of revenue contribution in 2016. The market for software is expected to grow faster than hardware, during the forecast period. Businesses across the globe, particularly in the U.S., are ditching paper work and signing important documents online. This trend is backed by globalization, rapid digitization and penetration of smart phones across various industry verticals in recent years.

Expansion of U.S. e-commerce industry generating more demand for digital signatures

The expansion of e-commerce industry in the country is witnessed as a good growth opportunity for the market. The U.S. e-commerce industry is projected to expand in future amid rising internet penetration and ease in online transactions. According to the e-Commerce Foundation, in 2015, the e-commerce market in the country was second largest across the globe. The use of digital signature by various e-commerce companies provides them with integrity, confidentiality, authentication and legal non-repudiation in business transactions.

Access Report Summary with Detailed TOC on "U.S. Digital Signature Market by Solution (Software, Hardware), by Service (Managed, Professional), by Deployment Type (Cloud Based, On-Premise), by Application (Government, IT & Telecom, Healthcare & life Sciences, Retail & Manufacturing) – Market Size, Share, Development, Growth and Demand Forecast, 2013-2023" at: https://www.psmarketresearch.com/market-analysis/us-digital-signature-market

Some of the key players in U.S. digital signature market are Adobe Systems Inc., Secured System Limited, Gemalto N.V., SIGNiX Inc., Entrust Datacard Corporation, DocuSign Inc., eSignLive, and Ascertia.

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