Digital Signature Software Market Major Technology 2021: Industry Analysis and Growth Outlook 2027

Digital signature is a technology that assures the contents of the message have not been altered in transit. In layman’s term, digital signature validates the legitimacy and integrity of a message, digital content or software. It is typically used as encryption measure or password to ensure safety and integrity of files, confidential information, data, and documents during exchange between various entities parties. Various countries such as the U.S., Brazil, Saudi Arabia, India, Indonesia, Switzerland, and other European countries consider electronic signature as legally significant. Digital signature is a part of electronic signature as it is also in electronic form. However, digital signatures offers more in terms of providing security and integrity of information etc.

Digital signature has found significant use in legal proceedings since they require a certain level of secrecy. For such procedures, specific software and devices are developed for digital signature, wherein it can ensure data once the document has been digital signed. In this way, it provides superior security to the party signing a document and the one receiving it as it servers to validate identity of both parties. Furthermore, the software generates a digital signature, which is distinctive to the person linked to the executive document. This means if the signature is changed, it becomes invalid thereby enabling the party to know that the integrity of the said document has been compromised.

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What are the growth estimates for the digital signature software market till 2027?
The global digital signature software market is estimated to reach US$ 4,780.3 million by 2027.

Which are the prominent digital signature software market players across the globe?
Major players operating in the global digital signature software market include Cryptolog SAS, Vasco Data Security International, Inc., Integrated Media Management LLC, RightSignature LLC, Secured Signing Limited, Sertifi Inc., Comsigntrust Ltd., Identrust Inc., Ascertia Ltd., and Entrust Datacard Corporation.

What are the key factors hampering growth of the digital signature software market?
Challenges associated with implementation of digital signature, coupled with constant evolution in digital signature regulations are some of the major factors that are expected to hamper growth of the market over the forecast period.

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