Global Signature Verification Market 2017-2021

Global Signature Verification Market 2017-2021

About Signature Verification

Signature verification is an authentication method that uses the dynamic feature of a person's handwritten signature. Signatures are unique and are used for verification by financial organizations, businesses, and governments to authorize transactions and documents. Signature verification is considered as an important authentication technique among all the most popular biometric-based authentication methods in personal identification and verification. It uses characteristics of a person’s signature that includes pen lifts, speed, and direction of pen strokes to authenticate identity.

Technavio’s analysts forecast the global signature verification market to decline at a CAGR of (8.67%) during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global signature verification market for 2017-2021. To calculate the market size, the report considers revenues generated from the sales of signature verification software and integrated solutions (includes software).

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

Technavio's report, Global Signature Verification Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

• Biometric Signature ID
• CERTIFY GLOBAL
• Cyber-SIGN (Witswell Consulting and Services)
• iSign Solutions

Other prominent vendors

• 01 Systems
• Ascertia
• DATAVISION IMAGE
• DynaSig
• Entrust (Datacard)
• Hitachi
• KeCrypt
• Kofax (Acquired by Lexmark)
• Odyssey Technologies
• Parascript
• Scriptel
• Secured Signing
• SOFTPRO
• SutiSoft
• SQN Banking Systems
• WonderNet

Market driver

• Strong need to reduce identity duplication
• For a full, detailed list, view our report

Market challenge

• Strong need to reduce identity duplication
• For a full, detailed list, view our report

Market trend

• Increase in digitization of banking services
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Signature Verification Market 2017-2021

Technavio recognizes the following companies as the key players in the global signature verification market: Biometric Signature ID, CERTIFY GLOBAL, Cyber-SIGN (Witswell Consulting and Services), and iSign Solutions.

Other Prominent Vendors in the market are: 01 Systems, Ascertia, DATAVISION IMAGE, DynaSig, Entrust (Datacard), Hitachi, KeCrypt, Kofax (Acquired by Lexmark), Odyssey Technologies, Parascript, Scriptel, Secured Signing, SOFTPRO, SutiSoft, SQN Banking Systems, and WonderNet.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increase in digitization of banking services. The increased penetration of smartphones and tablets have led to a digital transformation of the banking sector. The BFSI sector is seen as one of the prominent users of portable devices for digital payments and cashless financial transactions.”

According to the report, one driver in the market is strong need to reduce identity duplication. The BFSI sector is increasingly focusing on providing the highest level of security to its customers without compromising their convenience. The payments and card industry (PCI) has been digitally transformed with the changing consumer preferences and the introduction of new payment methods such as PIN cards, mobile wallets, and EMV chips. With advances in technology, the number of fraud and forgeries are also increasing, highlighting the need for solutions that are difficult to duplicate.

Further, the report states that one challenge in the market is strong need to reduce identity duplication. The BFSI sector is increasingly focusing on providing the highest level of security to its customers without compromising their convenience. The payments and card industry (PCI) has been digitally transformed with the changing consumer preferences and the introduction of new payment methods such as PIN cards, mobile wallets, and EMV chips. With advances in technology, the number of fraud and forgeries are also increasing, highlighting the need for solutions that are difficult to duplicate.

Companies Mentioned

Biometric Signature ID, CERTIFY GLOBAL, Cyber-SIGN (Witswell Consulting and Services), and iSign Solutions.

Other Prominent Vendors in the market are: 01 Systems, Ascertia, DATAVISION IMAGE, DynaSig, Entrust (Datacard), Hitachi, KeCrypt, Kofax (Acquired by Lexmark), Odyssey Technologies, Parascript, Scriptel, Secured Signing, SOFTPRO, SutiSoft, SQN Banking Systems, and WonderNet.