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Global Digital Signature Market Comprehensive Study: Forecasted Market Size And Growth Rate | Adobe Systems Incorporated, DocuSign Inc., Ascertia Limited, IdenTrust Inc., SIGNiX Inc., Gemalto NV, Entrust Datacard Corporation, Kofax Inc., RPost Communicati
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Digital Signature Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The digital signature market size has grown exponentially in recent years. It will grow from $6.74 billion in 2023 to $8.89 billion in 2024 at a compound annual growth rate (CAGR) of 31.9%. The growth in the historic period can be attributed to legal recognition, security concerns, business efficiency, environmental sustainability, remote work and collaboration.
The digital signature market size is expected to see exponential growth in the next few years. It will grow to $28.33 billion in 2028 at a compound annual growth rate (CAGR) of 33.6%. The growth in the forecast period can be attributed to e-government initiatives, increased cybersecurity measures, healthcare digitization, blockchain integration, iot and smart contracts. Major trends in the forecast period include biometric authentication, mobile signature apps, advanced encryption, integration with collaboration tools, regulatory compliance.
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Market Segmentation:
The main offerings of digital signature are software, hardware and services. Digital signature software is used by businesses to help them securely sign, send, and manage documents in order to facilitate the digital document signing process. The various deployment mode includes cloud and on-premises that are used by banking, financial services, and insurance (BFSI), IT and telecommunications, government, health care and life sciences, education, retail, real estate and other end users.
Major Driver - Government Policies Drive Growth In The Digital Signature Market
Supporting policies by the governments of various nations drove the digital signature market. For instance, the US government has passed an act called the 21st Century Integrated Digital Experience Act (also known as 21st Century IDEA Act). The 21st Century IDEA Act created a set of minimum functionalities and security standards that federal agencies must meet. According to this Act, the agencies must offer digital versions of paper-based citizen services and accept digital signatures, thereby, allowing citizens to complete transactions digitally. Such policies by the government of various nations have boosted the demand for the digital signature market.
Competitive Landscape:
Major companies operating in the digital signature market include Adobe Systems Incorporated, DocuSign Inc., Ascertia Limited, IdenTrust Inc., SIGNiX Inc., Gemalto NV, Entrust Datacard Corporation, Kofax Inc., RPost Communications Limited, Secured Signing Limited, OneSpan Inc., HelloSign Inc., GMO GlobalSign Ltd., MultiCert S.A., RightSignature LLC, Zoho Corporation Pvt. Ltd., VASCO Data Security International Inc., Arthur D. Little Inc., Shachihata Inc., Glykka LLC, eSign Genie Inc., SignaShare Corporation, KeepSolid Inc., GetAccept Inc., Symtrax Holdings Inc., Microsoft Corporation, International Business Solutions LLC, Korea SYSTEM's TECH Inc., Kotrade Inc., Oracle Corporation, SignRequest B.V., SignEasy Inc., SignNow Inc., DocVerify Inc., PandaDoc Inc., Sertifi Inc., SkySignature
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Top Trend - Blockchain Integration Enhances Digital Signature Solutions
The digital signature solutions providing companies are integrating blockchain technology with the digital signature. The goal of integrating blockchain with a digital signature is to offer users the possibility to certify integrity and time stamp. For instance, DocuSign collaborated with Visa for the public prototypes of a blockchain-based smart contract. A blockchain-based smart contract turns the contract into a computer program and the internet-connected program monitors and triggers the relevant actions on the contract's terms.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Signature Market Characteristics
3. Digital Signature Market Trends And Strategies
4. Digital Signature Market - Macro Economic Scenario
5. Digital Signature Market Size And Growth
…..
27. Digital Signature Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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