Market Updates 2020: Digital Signature Industry Grow with 35.20% by 2025
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The Digital Signature market report covers major key players are Adobe Inc., DocuSign, Entrust Datacard, Ascertia, IdenTrust, Kofax Inc., Rpost Technologies, and Esignlive by Vasco, OneSpan, Gemalto, Secured Signing Limited, and Sungard Signix Inc..
Digital signature has become an integral part of the cryptographic protocol and are used as electronic signatures which also employs asymmetric cryptography. There is a lot of digital signature algorithms that are incorporated in industries such as banking & insurance, education and research, government and public agencies, military and defense, and others.
The key application of digital signatures is in banking, financial services, and insurance (BFSI). The banking services have been entirely digitized, and blockchain has become an integral part of the same. While this has made banking transactions easier for customers, the documentation still needs to undergo a lot of processes, and the documents need authentication for which digital signatures are used. BFSI application segment of the digital signature market will observe a remarkable CAGR of 31.20% through to 2025.
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In 2020, the United Nations (UN) had reported that more than 401,000 documents were digitized, which happens to be only 13.4% share of the total documents that belong to the organization. This is to say that there is an enormous number of documents that are yet to be digitized. Similarly, the world is going through digitization wherein a myriad of companies are digitizing their documents. This digitization wave that has penetrated into various industries is leading to a demand for authentication of documents due to which the digital signature market is booming. Moreover, documents with digital signatures are now considered legal the same way conventional documents with signatures are, which is increasing the implementation of digital signature. Owing to the augmented application of digital signature in a gamut of sectors wherein document authentication is imperative, the digital signature market had a global market size of $1.2 billion as of 2020. Furthermore, the demand is poised to escalate at a profitable compound annual growth rate (CAGR) of 35.20% during the forecast period of 2020 to 2025.
THE STUDY OBJECTIVES ARE:
• To analyze global Digital Signature status, future forecast, growth opportunity, key market and key players.
• To present the Digital Signature development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
• To strategically profile the key players and comprehensively analyze their development plan and strategies.
• To define, describe and forecast the market by type, market and key regions.
MAJOR POINTS FROM TABLE OF CONTENTS
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Dynamics
Chapter 4 Global Digital Signature Market, by Product Type
Chapter 5 Global Digital Signature Market, by Application
Chapter 6 Global Digital Signature Market, by Region
Chapter 7 Competitive Intelligence
Chapter 8 Company Profiles - with focus on Company Fundamentals, Product Portfolio, Financial Analysis, Recent News and Developments, Key Strategic Instances, SWOT Analysis
Chapter 9 About Us
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