According to Stratistics MRC, the Global Digital Signature Market is accounted for $899.96 million in 2017 and is expected to reach $9861.65 million by 2026 growing at a CAGR of 30.4% during the forecast period.
Improved end-to-end customer experience, enhanced security & controlled workflow and increase in adoption of cloud based solutions are some of the factors boosting the market growth. However, lack of awareness and high cost of investment are restraining the market growth.
Digital signatures are mathematical techniques used to validate a digital document, message or software, using asymmetric cryptography. The technology primarily solves the problem of interference in digital communication and impersonation. Digital signature contains each information of digital document so that an end user can easily find out source, identity, and status of an electronic document. Electronic documents are protected by encryption at senders end. To retrieve the data in the document, receiver is authorized with digital signature to decrypt data.
By Deployment Model, on-premises segment is estimated to have a substantial growth during predicted period due to it offers more flexibility and control over enterprises and can be regulated by clients themselves. Based on geography, North America is expected to dominate the market during the forecast period due to the increase of the financial & legal services sector and strict cyber laws. Europe is estimated to be the fastest-growing market during the forecast period owing to the electronic signature system, increasing need for reliable & safe transactions and authenticating user identity over a digital network.
Some of the key players profiled in the Digital Signature Market include Samsung Electronics Co., Ltd., Sony Corporation, Panasonic Corporation, LG Display Co., Ltd, Kofax Limited (A Lexmark Company), Gemalto N.V., Signix, Inc., Secured Signing Limited, Rpost Technologies, Identrust, Inc, Esignlive by Vasco, Entrust Datacard Corporation, Docusign, AU Optronics Corp., Ascertia, Adobe Systems, Inc and Adflow Networks.
Deployment Models Covered:
Banking, Financial Services, and Insurance
Sales & Marketing
Education and Research
Government and Defense
Healthcare and Life Sciences
Energy & Utilities
IT & Telecommunication
Retail & Manufacturing
Logistics and Transportation
Oil & Gas
End Users Covered:
Server Message Block signing (SMBs)
o Rest of Europe
o New Zealand
o South Korea
o Rest of Asia Pacific
o Rest of South America
Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
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