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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%

Global Digital Signature Market

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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.

Global Digital Signature Market By Component

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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.

Global Digital Signature Market By Region

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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:

  • Component
  • Deployment
  • Application
  • Region
Breakup by Component
  • Hardware
  • Software
  • Service
Breakup by Deployment
  • On-Premise
  • Cloud
Breakup by Application
  • BFSI
  • Education
  • Human Resource
  • IT and Telecommunication
  • Government
  • Healthcare and Life Science
  • Real Estate
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certification
Companies Covered
  • Ascertia Ltd
  • Adobe Inc.
  • Gemalto N.V.
  • Onespan Inc.
  • Docusign Inc.
  • Entrust Datacard 
  • Signix
  • Secured Signing Limited
  • Identrust Inc.
  • Kofax Company
  • Others
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*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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63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124