DUBLIN–(BUSINESS WIRE)–The report “Digital Signature Market Size, Share & Trends Analysis Report By Component, By Level, By Deployment, By End-user, By Industry Vertical, By Region, and Segment Forecasts, 2023 – 2030” has been added to ResearchAndMarkets.com offer.
The global digital signature market size is projected to reach USD 38.16 billion by 2030, growing at a CAGR of 37.9% from 2023 to 2030.
The growing penetration of the Internet and smartphones worldwide is expected to fuel the growth of the digital signature market over the forecast period. For example, according to DataReportal, an online reference library, a total of 5.18 billion people worldwide were using the internet at the start of Q2 2023.
Growing partnerships between businesses and digital signature companies to implement digital signatures bode well for the growth of the digital signature market. For example, in March 2023, BlackBerry Limited, a software company, entered into a partnership with Adobe, a computer software company. This partnership aimed to provide secure forms with electronic signatures on mobile devices.
Digital signature offers various benefits, such as saving time and costs, to the company and individual users, by allowing them to sign documents electronically from remote locations.
Furthermore, the implementation and modernization of laws by various governments in different jurisdictions for regulating the digital signature market is expected to strengthen trust among users and eventually fuel the growth of the market. Furthermore, the digital transformation across all industries will help the digital signature market grow over the forecast period.
The COVID-19 pandemic had an immediate positive impact on the digital signature market. The growing adoption of digital signature solutions during the COVID-19 pandemic has prompted venture capital firms to invest in various digital signature software vendors.
Companies mentioned
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Docsign, Inc.
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Signix, Inc.
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Adobe
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One span
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Global sign
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Identrust, Inc.
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Primekey Ab
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Visma
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Ascertia
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Topaz Systems, Inc.
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Entrust Corporation
Digital Signature Market Report Highlights
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The solutions segment dominated the digital signature market in 2022 and is expected to maintain its dominance over the forecast period. The growth of the segments can be attributed to the increased adoption of digital signature by various businesses and government institutions.
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The Qualified Electronic Signature (QES) segment is expected to witness the fastest growth over the forecast period. The QES includes a qualified digital certificate that confirms face-to-face identity verification, thus increasing the reliability of the digital signature.
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The cloud segment is expected to grow fastest over the forecast period. The growth of the segment can be attributed to the growing investments in cloud platforms by different companies around the world.
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The enterprise segment dominated the digital signature market in 2022. The growth of the segment can be attributed to the benefits digital signature solutions bring to businesses, such as cost savings and increased customer retention.
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The BFSI segment dominated the market in 2022. Digital signature allows bank customers to open any bank account remotely by electronically signing a document. Therefore, such digital signature use cases at BFSI are expected to fuel the growth of the segment.
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North America dominated the digital signature market in 2022. The regional dominance can be attributed to the region being an early adopter of the technology.
Main topics covered:
Chapter 1 Methodology and scope
Chapter 2 Executive Summary
Chapter 3 Digital signature Market variables and trends
3.1 Market Lineage Perspectives
3.2 Industry value chain analysis
3.3 Market dynamics
3.3.1 Analysis of the impact of market factors
3.3.1.1 Increased Internet and smartphone penetration
3.3.1.2 Growing investment in companies providing digital signature solutions
3.3.2 Analysis of the impact of the market challenge
3.3.2.1 Lack of knowledge of digital signature
3.3.3 Analysis of the impact of market opportunities
3.3.3.1 Government Implementing Laws and Regulations for Digital Signature
3.4 Impact of the Covid-19 pandemic
3.5 Industry Analysis Tools
3.5.1 Porter’s analysis
3.5.2 Pestel analysis
Chapter 4 Digital Signature Market: Component Estimates and Trend Analysis
4.1 Component Motion Analysis and Market Share, 2022 and 2030
4.2 Digital Signature Market Estimates and Forecasts, by Component
4.2.1 Solutions
4.2.2 Services
Chapter 5 Digital Signature Market: Level Estimates and Trend Analysis
5.1 Level Movement Analysis and Market Share, 2022 and 2030
5.2 Digital Signature Market Estimates and Forecasts, by Level
5.2.1 Advanced Electronic Signatures (AES)
5.2.2 Qualified Electronic Signatures (QES)
Chapter 6 Digital Signature Market: Deployment Estimates and Trend Analysis
6.1 Distribution Movement Analysis and Market Share, 2022 and 2030
6.2 Digital signature market estimates and forecasts, by distribution
6.2.1 Cloud
6.2.2 On site
Chapter 7 Digital Signature Market: End User Estimates and Trend Analysis
7.1 End User Movement Analysis and Market Share, 2022 and 2030
7.2 Digital Signature market estimates and forecasts, by the end user
7.2.1 Individuals
7.2.2 Businesses
7.2.3 Organizations
Chapter 8 Digital Signature Market: Vertical Industry Estimates and Trend Analysis
8.1 Industry Vertical Movement Analysis and Market Share, 2022 and 2030
8.2 Digital Signature Market Estimates and Forecasts, by Vertical Industry
8.2.1 BFI
8.2.2 Health care and life sciences
8.2.3 Information Technology and Telecommunications
8.2.4 Government
8.2.5 Retail Sale
8.2.6 Others
Chapter 9 Digital Signature Market: Regional Estimates and Trend Analysis
Chapter 10 Digital Signature Market: Competitive Landscape
For more information about this report, please visit https://www.researchandmarkets.com/r/60selw
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