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Digital Signature Market Expected to Grow $14.1 billion by 2026

10-05-2020 01:06 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets™

According to a research report "Digital Signature Market by Component (Solutions and Services), Solution (Software and Hardware), Deployment Mode, Organization Size, Vertical (BFSI, Government, Healthcare and Life Sciences, Legal, Real Estate), and Region - Global Forecast to 2026" published by MarketsandMarkets, the digital signature market is projected to grow from USD 2.8 billion in 2020 to USD 14.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 31.0% during the forecast period. Government initiatives and transition toward digitalization to drive the overall market growth.

Browse 282 market data Tables and 36 Figures spread through 264 Pages and in-depth TOC on "Digital Signature Market - Global Forecast to 2026"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/digital-signature-market-177504698.html

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By solution, software segment to register the highest growth rate during the forecast period

Digital signature solution providers offer software to help organizations easily create digital signatures that comply with industry standards and offer support for working with accredited certified authorities. The software providers in the market are focusing on delivering encryption software, PKI solutions, email encryption solutions, and APIs to help end users securely sign documents. Software solutions, as compared to hardware solutions, are growing at a faster rate and contributing maximum in terms of market size in the digital signature market.

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Based on vertical, BFSI to grow at the highest CAGR during the forecast Period

The BFSI vertical is witnessing digital transformation at every level with rapidly changing customer demands. The use of online services, such as internet banking, mobile banking, and stock trading has soared. The BFSI vertical is focusing on understanding digital consumer behavior, preferences, and choices through customer-centric business applications. Digital signatures help BFSI firms in simplifying complex business processes by offering enhanced security and improved turnaround time for onboarding customers. Owing to these benefits, digital signature is gaining more popularity in the BFSI vertical.

North America to hold the largest market share during the forecast period.

North America has the presence of several prominent market players delivering digital signature solutions to all end users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the growth of the digital signature market. The geographical presence, significant Research and Development (R&D) activities, partnerships, and acquisitions and mergers are the major factors for the deployment of digital signature and services. The major vendors, such as Adobe, DocuSign, Thales, OneSpan and Idemia.

Speak to Our Expert Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=177504698

Market Players

Key and innovative vendors in the digital signature market include Adobe (US), OneSpan (US), Thales (France), DocuSign (US), Idemia (France), Ascertia (UK), Zoho (India), GlobalSign (US), Entrust Datacard (US), Digicert (US), Identrust (US).

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Mr. Aashish Mehra
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USA : 1-888-600-6441
sales@marketsandmarkets.com

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

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