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Digital Transaction Management Market Shares, Analysis By Key Players: DocuSign Inc. (U.S.), Insight Enterprises, Inc. (U.S.), Namirial Spa (Italy), ThinkSmart (U.S.), AssureSign LLC (U.S.)

03-26-2020 06:21 PM CET | IT, New Media & Software

Press release from: Report Hive Research

Digital Transaction Management Market

Digital Transaction Management Market

"The global digital transaction market is expected to grow approximately at USD 5,552.91 Million by 2023, approx. 25.73% of CAGR between 2017 and 2023."

The increase in number of transaction done by consumers by using digital tools such as net banking, mobile banking, or from digital wallets is building high growth opportunity for digital transaction services providers such as DocuSign, Namirial, eOriginal or ThinkSmart companies. The increasing acceptance of digital transactions by consumers is making these providers to offers more innovative but secure platform for monetary transactions to their customers. These factors thus expected to drive the digital transaction management market in coming years.

Growth and development in cloud technology and services has broaden its capabilities and industry reach. Banking sector is also adopting cloud services to include more flexibility in its agile business model to meets the changing business as well as consumer needs. Cloud technology helps banking sector in automatically assemble, integrate the resources to meet the businesses demands. It also eliminates physical infrastructure costs and has make banks deployment services more efficient. Integration of customer real time data, incorporating third party services, and building a safe virtual environment of money transactions are some of benefits of online banking services. Banks can also collect client's real time data and their preferences which helps them to improve customer interactions, and can offer more improvised services to them.

"Digital Transaction Management Market" reports offers important insights which help the industry experts, product managers, CEOs, and business executives to draft their policies on various parameters including expansion, acquisition, and new product launch as well as analyzing and understanding the market trends.

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The key players covered in this study
DocuSign Inc. (U.S.)
Insight Enterprises
Inc. (U.S.)
Namirial Spa (Italy)
ThinkSmart (U.S.)
AssureSign LLC (U.S.) and more....

Digital transaction is the emerging trend in digital market. It is a cloud service which manages document based transactions digitally. With growing advancement in technology, organizations are also rapidly growing and is adopting automation process to increase their operation frequency and efficiency. E-signature, authentication, document archival, workflow automation among others are some of the well-known solution in digital transaction management.

Online banking, mobile banking, digital wallets, ATMs, and other banking services are the well-known example of digital banking system. Moving bank on cloud has saved banks costs, improves its performance, agility, and efficiency. This move is not only making banking process easy but it also benefiting the customers.

Key Findings
o The global digital transaction market is expected to reach USD 5,552.91 Million by 2023.
o By solution, e-signature sub segment in digital transaction market accounts for the largest market share and is growing with approximately 26.47% CAGR during forecast period.
o By component, hardware sub segment holds the largest market growing with approximately 23.78% CAGR by the end of forecast period.
o By end user, commercial sub segment holds the largest market share and is growing with approximately 28.58% CAGR by the end of forecast period.
o Geographically, North America region has been projected to hold the largest market share in global digital transaction market followed by Europe region, while Asia Pacific ranks third in the digital transaction market.

Table of Contents
1 EXECUTIVE SUMMARY

2 MARKET DYNAMICS
2.1 Market Growth Factors
2.1.1 High adoption of cloud services by banking sector
2.1.2 Growing advancement in digital technology
2.2 Market Restraints
2.2.1 Cyber threats
2.2.2 Lack of technical expertise and trust among consumers
2.3 Digital Transaction Management
2.3.1 Digital Transaction Process
2.3.2 Digital Signature Process
2.4 Porter's Five Forces Analysis

3 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET, BY SOLUTIONS
3.1 Introduction
3.2 Market by Sub-Segment
3.2.1 E-Signature
3.2.2 Authentication
3.2.3 Document Archival
3.2.4 Workflow Automation

4 GLOBAL DIGITAL TRANSACTION MANAGEMENT MARKET, BY COMPONENT
................
7 COMPETITIVE LANDSCAPE
7.1 Introduction
7.2 Market Position Analysis
7.3 Company Profiles

7.3.1 DocuSign Inc.
7.3.1.1 Company Overview
7.3.1.2 Product/Services Offering
7.3.1.3 Business Strategy
7.3.1.4 SWOT Analysis

7.3.2 Insight Enterprise Inc.
7.3.2.1 Company Overview
7.3.2.2 Product/Services Offering
7.3.2.3 Business Strategy
7.3.2.4 SWOT Analysis

7.3.3 Namirial Spa
TOC continued...
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Report Hive Research delivers strategic market research reports, statistical survey, industry analysis & forecast data on products & services, markets and companies. Our clientele ranges mix of global business leaders, government organizations, SME's, Individual & Start-ups, top management consulting firms, universities etc. Our library of 700,000 + reports targets high growth emerging markets in the USA, Europe Middle East, Africa, Asia Pacific covering industries like IT, Telecom, Semiconductor, Chemical, Healthcare, Pharmaceutical, Energy & Power, Manufacturing, Automotive & Transportation, Food & Beverages etc. This large collection of insightful reports assists clients to stay ahead of time & competition. We help in business decision-making on aspects such as market entry strategies, market sizing, market share analysis, sales & revenue, technology trends, competitive analysis, product portfolio & application analysis etc.

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