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Projected to Reach USD 86.39 Billion By 2032, Digital Transaction Management (DTM) Market to Grow at 24.1% CAGR

05-14-2024 08:22 AM CET | IT, New Media & Software

Press release from: Polaris Market Research & Consulting

Digital Transaction Management Market

Digital Transaction Management Market

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐“๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ (๐ƒ๐“๐Œ) ๐Œ๐š๐ซ๐ค๐ž๐ญ

The global digital transaction management market was valued at USD 12.41 billion in 2023 and is expected to grow to USD 86.39 billion by 2032. The market is anticipated to witness a compound annual growth rate (CAGR) of 24.1% during the forecast period from 2024 to 2032. The industry growth is being propelled by various factors, including:

โ€ข The rising demand for automation and digitization in businesses is a key factor fueling the growth of the industry.
โ€ข Surging demand for digital solutions enabling efficient and secure transactions across various sectors supports market development.
โ€ข The increasing popularity of e-commerce and online payments is having a favorable impact on the digital transaction management industry.

๐†๐ž๐ญ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐š๐ ๐ž๐ฌ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/industry-analysis/digital-transaction-management-dtm-market/request-for-sample

๐–๐ก๐š๐ญ ๐ข๐ฌ ๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐“๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ?

Digital transaction management (DTM) refers to a category of cloud services designed to manage document-based transactions electronically. As a business application, DTM streamlines a wide range of document-centric workflows with the help of digital solutions called digital transactions. Using DTM, firms can seamlessly transfer forms, contracts, agreements, and other documents from anywhere across the globe. Also, digital transaction management comes with the capability of real-time data analytics, enabling firms to get better insights into their digital transactions. DTM comprises several interconnected components, including eSignature technologies, document-centric technologies, digital workflow trials, audit trails, and security. Along with that, other technical aspects that contribute to the effectiveness include integration capabilities, scalability, and user experience.

๐Š๐ž๐ฒ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ

The top industry players in the digital transaction management market are enhancing their offerings with a range of innovative features like automated tracking and reminders to garner a larger revenue share. Some of the major players operating in the market include:
โ€ข Adobe
โ€ข Ascertia
โ€ข DocuFirst
โ€ข DocuSign, Inc.
โ€ข eDOC Innovations
โ€ข Entrust Corp.
โ€ข Fluix
โ€ข Kofax Inc.
โ€ข Nintex UK Ltd
โ€ข Wolters Kluwer N.V.

๐๐ฎ๐ฒ ๐ญ๐ก๐ข๐ฌ ๐๐ซ๐ž๐ฆ๐ข๐ฎ๐ฆ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐‘๐ž๐ฉ๐จ๐ซ๐ญ: https://www.polarismarketresearch.com/buy/284/2

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ:

Digital Transformation Initiatives: Organizations are increasingly shifting towards digital processes to improve efficiency, reduce costs, and enhance customer experience. DTM solutions play a critical role in this transformation by enabling secure and streamlined digital transactions.

Remote Work Trends: The rise of remote work and distributed teams has accelerated the demand for DTM solutions. With employees working from different locations, there is a greater need for digital tools that facilitate collaboration, document sharing, and electronic signatures.

Regulatory Compliance: Stringent regulations related to data security and privacy, such as GDPR in Europe and HIPAA in the United States, have fueled the adoption of DTM solutions. These platforms offer features like encryption, audit trails, and compliance reporting to ensure regulatory adherence.

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

With the high adoption rate of advanced technologies like AI and cloud computing in countries like the US and Canada, North America emerged as the dominant region in the market. Besides, the presence of many large enterprises and SMEs in various sectors has resulted in increased demand for DTM solutions.
The increasing demand for digitization and automation across several sectors like finance and healthcare is contributing to the digital transaction management market growth in Asia Pacific. Besides, active promotion from governments in APAC has resulted in an increase in investments in DTM technologies.

๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐“๐ก๐ž ๐…๐ฎ๐ฅ๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ก๐ž๐ซ๐ž: https://www.polarismarketresearch.com/press-releases/digital-transaction-management-dtm-market

๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐ก๐š๐ฌ ๐ฌ๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ž๐ ๐ญ๐ก๐ž ๐๐ข๐ ๐ข๐ญ๐š๐ฅ ๐ญ๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐ฆ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ซ๐ž๐ฉ๐จ๐ซ๐ญ ๐›๐š๐ฌ๐ž๐ ๐จ๐ง ๐ฌ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง, ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐ฏ๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ, ๐œ๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ, ๐š๐ง๐ ๐ž๐ง๐-๐ฎ๐ฌ๐ž๐ซ:

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐“๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ, ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Document Digitization
โ€ข Electronic Signatures
โ€ข Security and Compliance
โ€ข Workflow Automation

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐“๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ, ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐•๐ž๐ซ๐ญ๐ข๐œ๐š๐ฅ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข BFSI
โ€ข Construction & Real Estate
โ€ข Education
โ€ข Government
โ€ข Healthcare
โ€ข IT and Telecom

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐“๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ, ๐‚๐จ๐ฆ๐ฉ๐จ๐ง๐ž๐ง๐ญ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Hardware
โ€ข Software
โ€ข Services

๐ƒ๐ข๐ ๐ข๐ญ๐š๐ฅ ๐“๐ซ๐š๐ง๐ฌ๐š๐œ๐ญ๐ข๐จ๐ง ๐Œ๐š๐ง๐š๐ ๐ž๐ฆ๐ž๐ง๐ญ, ๐„๐ง๐-๐ฎ๐ฌ๐ž๐ซ ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค (๐‘๐ž๐ฏ๐ž๐ง๐ฎ๐ž - ๐”๐’๐ƒ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐Ÿ๐ŸŽ๐Ÿ๐Ÿ— - ๐Ÿ๐ŸŽ๐Ÿ‘๐Ÿ)
โ€ข Small and Medium Enterprises (SMEs)
โ€ข Large Enterprises

๐Œ๐จ๐ซ๐ž ๐“๐ซ๐ž๐ง๐๐ข๐ง๐  ๐‹๐š๐ญ๐ž๐ฌ๐ญ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐๐จ๐ฅ๐š๐ซ๐ข๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Parking Management Systems Market: https://www.polarismarketresearch.com/industry-analysis/parking-management-systems-market

Over-The-Top Devices and Services Market: https://www.polarismarketresearch.com/industry-analysis/over-the-top-devices-and-services-market

Picture Archiving and Communication Systems Market: https://www.polarismarketresearch.com/industry-analysis/picture-archiving-and-communication-systems-pacs-market

Cryptocurrency Market: https://www.polarismarketresearch.com/industry-analysis/cryptocurrency-market

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐ˆ๐ง๐Ÿ๐จ:

Polaris Market Research
Phone: +1-929-297-9727
Email: sales@polarismarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐”๐ฌ:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

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