
Global Digital Signature Market, By Component (Solutions, Services), By Deployment Mode (Cloud, On-Premises), By Organization Size (Small And Medium-Sized Enterprises, Large Enterprises), By Vertical (Banking, Financial Services, And Insurance, Government
Description
Global Digital Signature Market, By Component (Solutions, Services), By Deployment Mode (Cloud, On-Premises), By Organization Size (Small And Medium-Sized Enterprises, Large Enterprises), By Vertical (Banking, Financial Services, And Insurance, Government And Defense, Healthcare And Life Sciences, Legal, Real Estate, Education, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)Trend Analysis, Competitive Market Share & Forecast, 2018-2028
Digital Signature Market to Witness 27.80% CAGR until 2028
The global digital signature market is growing at a high CAGR because of its higher reliability and security compared to other types of electronic signatures along with the rising adoption of digital signatures in a wide range of applications including financial transactions, contract management software, etc…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global digital signature market was worth USD 4.6 billion in the year 2021. The market is forecast to grow at a CAGR of 27.80%, earning revenue of around USD 25.3 billion by 2028. Global digital signature market is flourishing at a high rate owing due to its higher reliability and security compared to other types of electronic signatures. A digital signature confirms the identity of the signer along with ensuring that it has not been tampered with. The rising adoption of digital signatures in a wide range of applications including financial transactions, contract management software, software distribution, etc., is also propelling the growth of the overall market. However, the lack of stringent government regulations and data protection laws, especially in developing and underdeveloped countries, may act as a huge restraint for market growth.
Rising Cloud Deployment is Driving the Digital Signature Market
Based on the deployment model, the global digital signature market is segmented into cloud and on-premises. The on-premise segment accounts for the largest market share as this type of deployment model is most prominently opted by large enterprises due to its high security. However, cloud deployment is projected to register the highest CAGR during the forecast period. It witnessed the biggest surge in its market post the COVID-19 pandemic. The rapid technological advancement and higher data security offered by cloud deployment are boosting its adoption.
Digital Signature Market - By Vertical
Based on verticals, the digital signature market is segmented into banking, financial services, insurance, government and defense, healthcare and life sciences, legal, real estate, education, and others. The BFSI segment accounts for the largest market share owing to the rising adoption of digital platforms along with the increasing need for data security. Furthermore, increasing focus towards better services and convenience for the customers is also propelling the growth of the digital signature in the BFSI segment.
Digital Signature Market - Regional Insights
Geographically, the digital signature market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the digital signature market. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period because of the expanding digitization and flourishing BFSI sector in the countries including Singapore, India, China, Taiwan, Japan, etc. Furthermore, the increasing focus of the government and proposals of data protection regulations and laws is also playing a crucial factor in driving the growth of the digital signature market.
Impact of COVID-19 on Digital Signature Market
The COVID-19 pandemic outbreak negatively impacted the growth of various industries by halting their business operations. The restrictions on mobility and imposition of social distancing norms amid the COVID-19 pandemic significantly boosted the adoption of digital signatures as it ensured contactless transactions and ensured authenticity. As a result, the digital signature gained significant traction during the pandemic, especially among small and medium-sized businesses. Furthermore, growing cloud deployment also supported the growth of the digital signature market.
Competitive Landscape
The leading market players of the digital signature market are DocuSign, Inc., JN Projects, Inc., OneSpan, PandaDoc, RightSignature, SunGard Signix Inc., SignEasy, Silanis-eSignLive, airSlate Inc., SafeNet Inc., Adobe Sign, ePadLink, Wacom, Topaz Systems, HelloSign, Ascertia, DigiStamp Inc., GMO GlobalSign Inc., Lexmark International, Inc., and other prominent players. The companies constantly launch new and innovative solutions to boost their market presence. They also adopt market strategies such as partnerships, mergers, acquisitions, collaborations, etc., to gain a competitive edge.
Don’t miss the business opportunity of the digital signature market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the digital signature market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the digital signature market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Digital Signature Market to Witness 27.80% CAGR until 2028
The global digital signature market is growing at a high CAGR because of its higher reliability and security compared to other types of electronic signatures along with the rising adoption of digital signatures in a wide range of applications including financial transactions, contract management software, etc…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global digital signature market was worth USD 4.6 billion in the year 2021. The market is forecast to grow at a CAGR of 27.80%, earning revenue of around USD 25.3 billion by 2028. Global digital signature market is flourishing at a high rate owing due to its higher reliability and security compared to other types of electronic signatures. A digital signature confirms the identity of the signer along with ensuring that it has not been tampered with. The rising adoption of digital signatures in a wide range of applications including financial transactions, contract management software, software distribution, etc., is also propelling the growth of the overall market. However, the lack of stringent government regulations and data protection laws, especially in developing and underdeveloped countries, may act as a huge restraint for market growth.
Rising Cloud Deployment is Driving the Digital Signature Market
Based on the deployment model, the global digital signature market is segmented into cloud and on-premises. The on-premise segment accounts for the largest market share as this type of deployment model is most prominently opted by large enterprises due to its high security. However, cloud deployment is projected to register the highest CAGR during the forecast period. It witnessed the biggest surge in its market post the COVID-19 pandemic. The rapid technological advancement and higher data security offered by cloud deployment are boosting its adoption.
Digital Signature Market - By Vertical
Based on verticals, the digital signature market is segmented into banking, financial services, insurance, government and defense, healthcare and life sciences, legal, real estate, education, and others. The BFSI segment accounts for the largest market share owing to the rising adoption of digital platforms along with the increasing need for data security. Furthermore, increasing focus towards better services and convenience for the customers is also propelling the growth of the digital signature in the BFSI segment.
Digital Signature Market - Regional Insights
Geographically, the digital signature market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the digital signature market. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period because of the expanding digitization and flourishing BFSI sector in the countries including Singapore, India, China, Taiwan, Japan, etc. Furthermore, the increasing focus of the government and proposals of data protection regulations and laws is also playing a crucial factor in driving the growth of the digital signature market.
Impact of COVID-19 on Digital Signature Market
The COVID-19 pandemic outbreak negatively impacted the growth of various industries by halting their business operations. The restrictions on mobility and imposition of social distancing norms amid the COVID-19 pandemic significantly boosted the adoption of digital signatures as it ensured contactless transactions and ensured authenticity. As a result, the digital signature gained significant traction during the pandemic, especially among small and medium-sized businesses. Furthermore, growing cloud deployment also supported the growth of the digital signature market.
Competitive Landscape
The leading market players of the digital signature market are DocuSign, Inc., JN Projects, Inc., OneSpan, PandaDoc, RightSignature, SunGard Signix Inc., SignEasy, Silanis-eSignLive, airSlate Inc., SafeNet Inc., Adobe Sign, ePadLink, Wacom, Topaz Systems, HelloSign, Ascertia, DigiStamp Inc., GMO GlobalSign Inc., Lexmark International, Inc., and other prominent players. The companies constantly launch new and innovative solutions to boost their market presence. They also adopt market strategies such as partnerships, mergers, acquisitions, collaborations, etc., to gain a competitive edge.
Don’t miss the business opportunity of the digital signature market. Consult our analysts to gain crucial insights and facilitate your business growth.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the digital signature market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the digital signature market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
About Us
BlueWeave Consulting provides comprehensive Market Intelligence (MI) Solutions to businesses regarding various products and services online and offline. We offer all-inclusive market research reports by analyzing both qualitative and quantitative data to boost the performance of your business solutions. BWC has built its reputation from the scratch by delivering quality inputs and nourishing long-lasting relationships with its clients. We are one of the promising digital MI solutions companies providing agile assistance to make your business endeavors successful.
Table of Contents
196 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
- 3. Executive Summary
- 4. Global Digital Signature Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter’s Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
- 5. Global Digital Signature Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Component
- 5.2.1.1. Solutions
- 5.2.1.1.1. Software
- 5.2.1.1.2. Hardware
- 5.2.1.2. Services
- 5.2.1.2.1. Professional services
- 5.2.1.2.2. Managed services
- 5.2.2. By Deployment Mode
- 5.2.2.1. Cloud
- 5.2.2.2. On-premises
- 5.2.3. By Organization Size
- 5.2.3.1. Large Enterprises
- 5.2.3.2. Small and Medium Enterprises
- 5.2.4. By Vertical
- 5.2.4.1. BFSI
- 5.2.4.2. IT and Telecom
- 5.2.4.3. Government and Public Administration
- 5.2.4.4. Healthcare
- 5.2.4.5. Education
- 5.2.4.6. Others
- 5.2.5. By Region
- 5.2.5.1. North America
- 5.2.5.2. Europe
- 5.2.5.3. Asia-Pacific
- 5.2.5.4. Latin America
- 5.2.5.5. Middle-East and Africa
- 6. North America Digital Signature Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Deployment Mode
- 6.2.3. By Organization Size
- 6.2.4. By Vertical
- 6.2.5. By Country
- 6.2.5.1. United States
- 6.2.5.2. Canada
- 7. Europe Digital Signature Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Deployment Mode
- 7.2.3. By Organization Size
- 7.2.4. By Vertical
- 7.2.5. By Country
- 7.2.5.1. Germany
- 7.2.5.2. United Kingdom
- 7.2.5.3. Italy
- 7.2.5.4. France
- 7.2.5.5. Spain
- 7.2.5.6. Rest of Europe
- 8. Asia Pacific Digital Signature Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Deployment Mode
- 8.2.3. By Organization Size
- 8.2.4. By Vertical
- 8.2.5. By Country
- 8.2.5.1. China
- 8.2.5.2. India
- 8.2.5.3. Japan
- 8.2.5.4. South Korea
- 8.2.5.5. Rest of Asia Pacific
- 9. Latin America Digital Signature Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Deployment Mode
- 9.2.3. By Organization Size
- 9.2.4. By Vertical
- 9.2.5. By Country
- 9.2.5.1. Brazil
- 9.2.5.2. Mexico
- 9.2.5.3. Rest of Latin America
- 10. Middle East & Africa Digital Signature Market
- 10.1. Market Size & Forecast by Value, 2018-2028
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Component
- 10.2.2. By Deployment Mode
- 10.2.3. By Organization Size
- 10.2.4. By Vertical
- 10.2.5. By Country
- 10.2.5.1. Saudi Arabia
- 10.2.5.2. UAE
- 10.2.5.3. South Africa
- 10.2.5.4. Rest of Middle East & Africa
- 11. Competitive Landscape
- 11.1.
- List of Key Players and Their Offerings
- 11.2. Market Share Analysis, 2021
- 11.3. Competitive Benchmarking, By Operating Parameters
- 11.4. Key Strategic Development (Merger, Acquisition, Partnership.)
- 12. Impact of COVID-19 on Digital Signature Industry
- 13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- 13.1. Adobe Inc.
- 13.2. OneSpan
- 13.3. Thales
- 13.4. DocuSign, Inc.
- 13.5. Ascertia
- 13.6. Zoho
- 13.7. Secured Signing
- 13.8. Entrust Datacard
- 13.9. DigiCert, Inc.
- 13.10. IdenTrust
- 13.11. GlobalSign
- 13.12. Symtrax
- 13.13. ComSignTrust
- 13.14. Multicert
- 13.15. AlphaTrust Corporation
- 13.16. SunGard SIGNiX Inc.
- 13.17. Notarius
- 13.18. RNTrust
- 13.19. Bit4id Ltd
- 13.20. LAWtrust
- 13.21. Other Prominent Players
- 14. Key Strategic Recommendations
- List of Figures
- Figure 1 Global Digital Signature Market Segmentation
- Figure 2 Global Digital Signature Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2021
- Figure 4 Global Digital Signature Market Size, By Value (USD Million), 2018-2028
- Figure 5 Global Digital Signature Market Share, By Component, By Value, 2018-2028
- Figure 6 Global Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 7 Global Digital Signature Market Share, By Organization Size, By Value, 2018-2028
- Figure 8 Global Digital Signature Market Share, By Vertical, By Value, 2018-2028
- Figure 9 Global Digital Signature Market Share, By Region, By Value, 2018-2028
- Figure 10 North America Digital Signature Market Size, By Value (USD Million), 2018-2028
- Figure 11 North America Digital Signature Market Share, By Component, By Value, 2018-2028
- Figure 12 North America Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 13 North America Digital Signature Market Share, By Organization Size, By Value, 2018-2028
- Figure 14 North America Digital Signature Market Share, By Vertical, By Value, 2018-2028
- Figure 15 North America Digital Signature Market Share, By Country, By Value, 2018-2028
- Figure 16 Europe Digital Signature Market Size, By Value (USD Million), 2018-2028
- Figure 17 Europe Digital Signature Market Share, By Component, By Value, 2018-2028
- Figure 18 Europe Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 19 Europe Digital Signature Market Share, By Organization Size, By Value, 2018-2028
- Figure 20 Europe Digital Signature Market Share, By Vertical, By Value, 2018-2028
- Figure 21 Europe Digital Signature Market Share, By Country, By Value, 2018-2028
- Figure 22 The Asia-Pacific Digital Signature Market Size, By Value (USD Million), 2018-2028
- Figure 23 The Asia-Pacific Digital Signature Market Share, By Component, By Value, 2018-2028
- Figure 24 The Asia-Pacific Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 25 The Asia-Pacific Digital Signature Market Share, By Organization Size, By Value, 2018-2028
- Figure 26 The Asia-Pacific Digital Signature Market Share, By Vertical, By Value, 2018-2028
- Figure 27 The Asia-Pacific Digital Signature Market Share, By Country, By Value, 2018-2028
- Figure 28 Latin America Digital Signature Market Size, By Value (USD Million), 2018-2028
- Figure 29 Latin America Digital Signature Market Share, By Component, By Value, 2018-2028
- Figure 30 Latin America Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 31 Latin America Digital Signature Market Share, By Organization Size, By Value, 2018-2028
- Figure 32 Latin America Digital Signature Market Share, By Vertical, By Value, 2018-2028
- Figure 33 Latin America Digital Signature Market Share, By Country, By Value, 2018-2028
- Figure 34 The Middle East & Africa Digital Signature Market Size, By Value (USD Million), 2018-2028
- Figure 35 The Middle East & Africa Digital Signature Market Share, By Component, By Value, 2018-2028
- Figure 36 The Middle East & Africa Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
- Figure 37 The Middle East & Africa Digital Signature Market Share, By Organization Size, By Value, 2018-2028
- Figure 38 The Middle East & Africa Digital Signature Market Share, By Vertical, By Value, 2018-2028
- Figure 39 The Middle East & Africa Digital Signature Market Share, By Country, By Value, 2018-2028
- List of Tables
- Table 1 Global Digital Signature Market Size, By Component, By Value, 2018-2028
- Table 2 Global Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
- Table 3 Global Digital Signature Market Size, By Organization Size, By Value, 2018-2028
- Table 4 Global Digital Signature Market Size, By Vertical, By Value, 2018-2028
- Table 5 Global Digital Signature Market Size, By Region, By Value, 2018-2028
- Table 6 North America Digital Signature Market Size, By Component, By Value, 2018-2028
- Table 7 North America Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
- Table 8 North America Digital Signature Market Size, By Organization Size, By Value, 2018-2028
- Table 9 North America Digital Signature Market Size, By Vertical, By Value, 2018-2028
- Table 10 North America Digital Signature Market Size, By Country, By Value, 2018-2028
- Table 11 Europe Digital Signature Market Size, By Component, By Value, 2018-2028
- Table 12 Europe Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
- Table 13 Europe Digital Signature Market Size, By Organization Size, By Value, 2018-2028
- Table 14 Europe Digital Signature Market Size, By Vertical, By Value, 2018-2028
- Table 15 Europe Digital Signature Market Size, By Country, By Value, 2018-2028
- Table 16 The Asia-Pacific Digital Signature Market Size, By Component, By Value, 2018-2028
- Table 17 The Asia-Pacific Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
- Table 18 The Asia-Pacific Digital Signature Market Size, By Organization Size, By Value, 2018-2028
- Table 19 The Asia-Pacific Digital Signature Market Size, By Vertical, By Value, 2018-2028
- Table 20 The Asia-Pacific Digital Signature Market Size, By Country, By Value, 2018-2028
- Table 21 Latin America Digital Signature Market Size, By Component, By Value, 2018-2028
- Table 22 Latin America Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
- Table 23 Latin America Digital Signature Market Size, By Organization Size, By Value, 2018-2028
- Table 24 Latin America Digital Signature Market Size, By Vertical, By Value, 2018-2028
- Table 25 Latin America Digital Signature Market Size, By Country, By Value, 2018-2028
- Table 26 The Middle East & Africa Digital Signature Market Size, By Component, By Value, 2018-2028
- Table 27 The Middle East & Africa Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
- Table 28 The Middle East & Africa Digital Signature Market Size, By Organization Size, By Value, 2018-2028
- Table 29 The Middle East & Africa Digital Signature Market Size, By Vertical, By Value, 2018-2028
- Table 30 The Middle East & Africa Digital Signature Market Size, By Country, By Value, 2018-2028
- Table 31 Adobe Inc. Company Overview
- Table 32 Adobe Inc. Financial Overview
- Table 33 OneSpan Company Overview
- Table 34 OneSpan Financial Overview
- Table 35 DocuSign, Inc. Company Overview
- Table 36 DocuSign, Inc. Financial Overview
- Table 37 Ascertia Company Overview
- Table 38 Ascertia Financial Overview
- Table 39 Secured Signing Company Overview
- Table 40 Secured Signing Financial Overview
- Table 41 DigiCert, Inc. Company Overview
- Table 42 DigiCert, Inc. Financial Overview
- Table 43 IdenTrust Company Overview
- Table 44 IdenTrust Financial Overview
- Table 45 GlobalSign Company Overview
- Table 46 GlobalSign Financial Overview
- Table 47 Symtrax Company Overview
- Table 48 Symtrax Financial Overview
- Table 49 ComSignTrust Company Overview
- Table 50 ComSignTrust Financial Overview
- Table 51 Multicert Company Overview
- Table 52 Multicert Financial Overview
- Table 53 AlphaTrust Corporation Company Overview
- Table 54 AlphaTrust Corporation Financial Overview
- Table 55 SunGard SIGNiX Inc. Company Overview
- Table 56 SunGard SIGNiX Inc. Financial Overview
- Table 57 Notarius Company Overview
- Table 58 Notarius Financial Overview
- Table 59 RNTrust Company Overview
- Table 60 RNTrust Financial Overview
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