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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Digital Signature Market Outlook
The global digital signature market is estimated to rise from USD 3.87 billion in 2023 to USD 31.07 billion by 2032, growing at a CAGR of 26.0% over the forecast period of 2024-2032.
| Global Digital Signature Market Report Summary | Description | Value |
| Base Year | USD Billion | 2023 |
| Historical Period | USD Billion | 2018-2023 |
| Forecast Period | USD Billion | 2024-2032 |
| Market Size 2023 | USD Billion | 3.87 |
| Market Size 2032 | USD Billion | 31.07 |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 26.0% |
| CAGR 2024-2032 - Market by Region | Asia Pacific | 30.0% |
| CAGR 2024-2032 - Market by Country | India | 31.5% |
| CAGR 2024-2032 - Market by Country | China | 29.7% |
| CAGR 2024-2032 - Market by Deployment | Cloud | 28.6% |
| CAGR 2024-2032 - Market by Application | IT and Telecommunication | 30.2% |
| Market Share by Country 2023 | Germany | 4.6% |
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Governments and companies are expected to increase their investment in electronic documents and improve security with a managed and streamlined workflow to drive the digital signature market growth.
Market Segmentation
The digital signature is referred to as a digital code attached to a document transmitted electronically to verify its contents and the identity of the sender.
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The digital signature market can be divided based on segments like components, deployment, and application. The industry can be broadly categorised based on component into:
- Hardware
- Software
- Service
The industry can be divided based on deployment as:
- On-Premise
- Cloud
The industry can be broadly categorised based on application as:
- Banking, Financial Services, and Insurance
- Education
- Human Resource
- IT and Telecommunication
- Government
- Healthcare and Life Science
- Real Estate
- Others
The EMR report looks into the regional digital signature markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific regions.
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| CAGR 2024-2032 - Market by | Country |
| India | 31.5% |
| China | 29.7% |
| UK | 23.8% |
| USA | 23.2% |
| Germany | 21.4% |
| Canada | XX% |
| France | XX% |
| Italy | XX% |
| Japan | 17.9% |
| Australia | XX% |
| Saudi Arabia | XX% |
| Brazil | XX% |
| Mexico | XX% |
Market Analysis
The shift to incorporate blockchain technology into digital signatures in the upcoming years is expected to have a significant impact on the growth of the global digital signature market size. The use of cloud-based digital signature services offers verification of signer identity, the authenticity of data, and secure timestamps for users. Delivering these services through the cloud often reduces the need to purchase and maintain physical equipment; as a result, reducing operating costs. In addition, the Cloud Signature Consortium is joining other industrial and educational organizations to build new standards for cloud-based digital signatures. This will support web and mobile applications worldwide in accordance with the legislation on digital signatures. As a result, the growing deployment of cloud-based digital signatures within the forecast period will support the growth of the digital signature market.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global digital signature market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Ascertia Ltd
- Adobe Inc (NASDAQ: ADBE)
- Gemalto N.V.
- Onespan Inc
- Docusign Inc
- Entrust Datacard
- Signix
- Secured Signing Limited
- Identrust Inc
- Kofax Company
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Component |
|
| Breakup by Deployment |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global digital signature market attained a value of nearly USD 3.87 billion.
The market is projected to grow at a CAGR of 26.0% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 31.07 billion by 2032.
he major drivers expected to aid market growth are the increasing digitalisation across the globe, rapid urbanisation, increase in cybercrimes, growing demand for improved security, increasing investment by enterprises to manage workflow through digital means, and growing popularity of cloud based technology.
The key trends guiding the growth of the market include the increasing technological advancements, evolving protocols for remote digital signature, and development of new open standards for digital signatures to make them ubiquitous.
The major regions in the global digital signature market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Hardware, software, and service are the major components of digital signature.
The significant deployment-types in the market are on-premise and cloud..
BFSI, education, human resource, IT and telecommunication, government, healthcare and life science, and real estate, among others, are the major applications of the product in the market.
The major players in the market are Ascertia Ltd, Adobe Inc, Gemalto N.V., Onespan Inc, Docusign Inc, Entrust Datacard, Signix, Secured Signing Limited, Identrust Inc, and Kofax Company, among others.
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