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Market Updates 2020: Digital Signature Industry Grow with 35.20% by 2025

06-26-2020 11:27 AM CET | IT, New Media & Software

Press release from: InForGrowth

Owing to the rapid digitalization in the countries of North America such as the US, Canada, Mexico, and others; the digital signature market is making strides in the region. Furthermore, there is an increased practice of digital signatures in various legislations in the region, which was the major factor that had driven digital signature market in North America, and the region had a market share of 41.28% in 2020. The stable economy and the existing digital infrastructure in North American countries permits SMEs and MMEs to digitize their transactions, which is driving the digital signature market even further in the region.

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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.[1] 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.

• 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.

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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We are a market-intelligence company formed with the objective of providing clients access to the most relevant and accurate research content for their growth needs. At InForGrowth, we understand Research requirements and help a client in taking informed business-critical decisions. Given the complexities and interdependencies of market-intelligence, there is always more than one source to explore and arrive at the right answer. Through our smart search feature and our reliable & trusted publishing partners, we are paving way for more simplified and relevant research.

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