The rising production of smartphones and tablets across the globe is expected to propel digital signature market growth says Fortune Business Insights in a report titled “Digital Signature Market Size, Share and Global Trend By Component (Hardware & Software), By Deployment Type (On-Premises & Cloud-Based), By Industry Vertical (BFSI, Education) and Geography Forecast till 2027.” Progression in E-commerce activities is fueling demand for digital signatures and enabling the growth of the global digital signature market.
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Implementation of Stringent Regulations Will Promote Growth in Europe
Geographically, the global digital signature market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. The global digital signature market was dominated by North America, which accounted for more than 40% share of the global digital signature market share in 2017 owing to the rising demand for hi-tech technology in digital signature along with the implementation of new regulations. The U.S law permits the implementation of digital signature technology in every state whereas in Canada the Supreme Court is allowing the acceptance of digitally signed documents as evidence for the crime. These factors are anticipated to boost the digital signature market in North America.
The market in Europe is likely to witness high growth during the forecast period due to the adoption of new regulations, allowing all digital signatures as evidence in the court of law resulting in growth in cross-country trading. In the Asia Pacific, the major factors driving the growth of the digital signature market are improvements in the healthcare sector and BFSI along with initiatives government associations for the elimination in paper-use and enhancing the use of digital signatures in countries such as China and India. Additionally, a rapid increase in tablets, smartphones, and computers and the growth of e-commerce have led to the rise in online bank transactions, thus aiding the growth of the digital signature market in the region.
- Entrust Datacard
- Signix Inc.
- Zoho Corp
- Rpost Technologies
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Key Market Drivers
- The increasing need for multifactor authentication and multi-level security across the organization.
- Rising concerns regarding excess use of paper, as well as time and money required for printing.
- Demand for cryptographically encrypted signature solutions to avoid misuse of a physical signature.
1. By Component
- Training and Education
- Support and Maintenance
2. By Deployment
3. By Organization size
- Large Enterprises
4. By End-user
- Banking, Financial Services, and Insurance (BFSI)
- IT and Telecommunication
- Health care and life sciences
- Real Estate
5. By Region
- North America (U.S. and Canada)
- Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
- Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
- Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
- Latin America (Brazil, Mexico and Rest of Latin America)
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Table of Content
5. Global Digital Signature Market Analysis, Insights and Forecast, 2015-2027
5.1. Key Findings / Summary
5.2. Market Sizing Estimations and Forecasts – By Component (USD Mn)
18.104.22.168.2. Training and Education
22.214.171.124.3. Support and Maintenance
5.3. Market Sizing Estimations and Forecasts – By Deployment (USD Mn)
5.4. Market Sizing Estimations and Forecasts – By Organization Size (USD Mn)
5.4.2. Large Enterprises
5.5. Market Sizing Estimations and Forecasts – By End User (USD Mn)
5.5.1. Banking, Financial Services, and Insurance (BFSI)
5.5.2. IT and Telecommunication
5.5.4. Health care and life sciences
5.5.7. Real Estate
5.6. Market Analysis, Insights and Forecast – By Geography (USD Mn)
5.6.1. North America
5.6.3. Asia Pacific
5.6.4. Middle East and Africa
5.6.5. Latin America
6. North America Digital Signature Market Analysis, Insights and Forecast, 2015-2027
6.1. Key Findings / Summary
6.2. Market Sizing Estimations and Forecasts – By Component (USD Mn)
126.96.36.199.2. Training and Education
188.8.131.52.3. Support and Maintenance
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
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