Digital Signature Market $3,440 Million by 2022: Ascertia, Adobe Systems, Inc. Docusign, Entrust Datacard Group, Esignlive By Vasco, Gemalto N.V. Identrust Inc. Rpost Technologies Secured Signing Limited
The cloud-based segment dominated the global digital signature industry in 2014, with around 66% share. However, the on-premises deployment is preferred among various international & national banking, financial institutions, and government organizations, which require complete control over data. However, the cloud based segment is anticipated to grow at the highest growth rate during the forecast period, owing to its ease of availability and low cost of deployment.
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The banking, financial services, & insurance (BFSI) and government segments jointly accounted for around 39% share of the total market revenue, while the BFSI segment is anticipated to grow at the highest CAGR of 31.5% during the forecast period. The government digital signature market is expected to grow at the second highest CAGR of 30.9% during the forecast period, owing to the introduction of various supportive legislations for adopting digital signature, reduction in extensive paper-ink usage, and surge in digitization, worldwide.
Global Opportunity Analysis and Industry Forecast, 2014 - 2022", the global market size was valued at $517 million in 2015, and is expected to reach $3,440 million by 2022. The software segment is expected to dominate the global market during 2016-2022. The digital signature industry in North America accounted for 38% share of the global market in 2014, while the European market is expected to witness significant growth rate during the forecast period.
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Key markets players are Ascertia, Adobe Systems, Inc. Docusign, Entrust Datacard Group, Esignlive By Vasco, Gemalto N.V. Identrust Inc. Rpost Technologies Secured Signing Limited.
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