Electronic Signature Software Market Size, Share, Revenue, Trends & Industry CAGR of 23.7% By 2027

Latest market study on "Electronic Signature Software Market to 2027 by Deployment (On Premise and On Cloud); Method (General Electronic Signature, Qualified Electronic Signature, and Enhanced Electronic Signature); Offerings (Solutions and Service); End-user Industry (Manufacturing, BFSI, Pharmaceuticals, Government Agencies, Legal, and Others); - Global Analysis and Forecast", the electronic signature software market is estimated to reach US$ 5,639.48 Mn by 2027 from US$ 853.75 Mn in 2018. The report includes a key understanding of the driving factors of this growth and also highlights the prominent players in the market and their developments. Electronic Signature Software market is led by the North American region in 2018. North America led the landing global electronic signature software market with more than 39% share, followed by Europe and APAC region. The presence of well developed countries such as the US and Canada and high focus on improved cybersecurity with regard to electronic signatures are two of the major factors responsible for the growth of electronic signature software market in this region. The North American Securities Administrators Association needs that an electronic signature must meet both Electronic Signatures in Global and National Commerce Act (ESIGN) as well as the Uniform Electronic Transactions Act (UETA) requirements. The statement of policy necessities focuses on electronic presentation and subscription documents to investors.

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Today, technology's innovative solutions are helping technology companies across the world to accelerate their digital transformation adoption. From the past few years, the technology industry observed high growth and a dramatic increase worldwide. Factors such as technological innovations, economic growth, and IT spending influence technology industry dynamics considerably. The global economy is anticipated to stabilize and grow at a steady speed in the coming years, mostly driven by emerging economies such as China, India, and Brazil. Enterprises and new developing markets are expected to invest in the technology market to build IT infrastructure that would help reduce costs and enhance business productivity. The rising need for digitilization in industries is expected to create new opportunities for the global electronic signature software market during the forecasted period.

In Europe also, the Electronic Identification and Trust Services Regulation (eIDAS) established a legal structure for electronic signatures and documents across the European Union (EU). Since July 2016, electronic signatures in the region are governed by the Electronic Identification and Trust Services (eIDAS) Regulation it offers a regulatory environment directly applicable to all EU Member States to allow seamless and secure electronic interactions between citizens, businesses, and public authorities. This also offers companies a predictable legal environment to develop and expand the use of electronic signatures in the region.. Such above mentioned factors is expected to fuel the growth of electronic signature software market in Europe.

Major key players covered in this Internet of Electronic Signature Software Market report:

•Adobe Inc.
•Docusign, Inc.
•Esign Geni
•HID Global
•Legalesign Limited
•OneSpan
•RPost
•Thales S.A.
•U-SIGN-IT
•Zoho Corporation

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APAC is also expected to be the fastest-growing region in the global electronic signature software market during the forecast period. The growing threat of cybercrime in the region is also majorly because of the lack of transparency resulting in weak cyber enforcements and regulations by the government authorities. Less awareness and investments in the security industry also contribute to the factors hindering the electronic signature software market in the region. In the Asia Pacific region, the adoption of technology is on the rise. Also, there is an increase in the demand for security solutions. To avoid Denial-of-service (DDoS) attacks that might bring down operations in significant industry verticals such as BFSI and government, and others would require to adopt the electronic signature technology. The presence of these industries is anticipated to influence the electronic signature software market positively.

The global market for electronic signature software market is segmented based on the parameters such as deployment, method, offerings, end user industry, and geography. Based on deployment, the cloud segment dominates the electronic signature software market heavily and is expected to dominate the market in the forecast period from 2019 - 2027. On the basis of offerings, solutions segment led the market in 2018 with a maximum market share and is expected to continue its dominance during the forecast period. Further, based on method, qualified electronic signature segment led the market with the maximum market share. Furthermore, on the basis of end-user industry, BFSI segment led the market with highest market share. Key players operating in the market are partnering with the small as well as large and other companies which are helping them to gain customer traction. The major companies offering electronic signature software market include Adobe Inc., Docusign, Inc., Esign Genie, HID Global, Legalesign Limited, OneSpan, RPost, Thales S.A., U-SIGN-IT, and Zoho Corporation among others among others. Several other companies are also offering these electronic signature software for various manufacturers, which is facilitating the market to propel over the years.

The research provides answers to the following key questions:

•What is the estimated growth rate of the market for the forecast period 2019-2027? What will be the market size during the estimated period?
•What are the key driving forces responsible for shaping the fate of the Electronic Signature Software market during the forecast period?
•Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Electronic Signature Software market?
•What are the prominent market trends influencing the development of the Electronic Signature Software market across different regions?
•What are the major threats and challenges likely to act as a barrier in the growth of the Electronic Signature Software market?
•What are the major opportunities the market leaders can rely on to gain success and profitability?

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