Digital Signature Market
Digital Signature Market Size, Share & Trends Analysis Report, by Offering (Software, Hardware, and Services), by Deployment Mode (On-Premises, and Cloud Based), by End-User Industry (BFSI, Government, Healthcare, Oil & Gas, Military & Defense, Logistics & Transportation, Research and Education, and Others) Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Digital signature market is anticipated to grow at an exponential CAGR of 30.5% during the forecast period. Rising internet penetration, growing e-commerce industry, and increasing need for online documentation and safety requirements are some of the major factors driving the global digital signature market.
Recent developments in internet and internet technologies have altered and enabled new ways in which organizations manage, transmit, and acquire information. Contracts, legal documentation, and many other business processes require a series of exchanges using electronic communication such as e-mail before final sign off. Therefore, digital signatures are gaining prominence in the internet business environment especially after digital signature laws giving digital signatures the same legal validity as handwritten signature. Increased online transactions have also played an integral part in the abundant adoption of digital signature solutions among industries.
However, the high price associated with different types of digital signature could negatively impact the growth of the global digital signature market. The high cost is attributed to the institutional overhead cost and subscriber and relying party costs. The institutional overhead cost comprises cost of establishing and utilizing certification authorities, repositories, and other important services, as well as assuring quality in the performance of their functions. The high cost of digital signature makes it difficult for the small and mid-sized companies to implement them, which could hinder the growth of the global digital signature market.
Segmental Outlook
The global digital signature market is segmented based on offering, deployment model, and end-user industry. Based on offering, the market is segmented into hardware, software and services. Based on deployment model, the market is segmented into cloud-based and on-premises. Based on end-user industry, the market is segmented into BFSI, government, healthcare, oil & gas, military & defense, logistics & transportation, research and education, other end-user industries (real estate, manufacturing, legal, IT, and Telecom)
BFSI to Exhibit Significant Growth in Global Digital Signature Market
BFSI industry is one of the major and fastest growing sectors for digital signature market. BFSI is among the most vital sectors in any economy, as it is the core of a country’s growth. The boom in smartphones and high-speed internet has initiated digitalization in the financial services. Presently, nearly all banks have developed their own mobile application and are investing heavily to continue to enhance application ergonomics and improve functionality beyond the most basic operations. In addition, the usage of mobile terminals allows financial institutions to collect exponential volumes of data in all formats such as figures, texts, images, audio, geolocation, and all type of structured and unstructured data. Likewise, customer awareness concerning their data is increasing and has been raised by new provisions in regard to the right to data portability. This has increased the demand for better database performances, storage capacities and improved security in financial institutions. Therefore, digital signatures are increasingly being used in BFSI to prevent fraud, promote technological innovations, and enhance data integrity, scalability, and transparency in banking and finance sectors. Thus, the BFSI sector is expected to exhibit abundant opportunities for digital signature during the forecast period.
Regional Outlook
The global digital signature market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among all the regions, North America held considerable share in the global market.
Global Digital Signature Market Growth, by Region 2023-2030
North America Held Considerable Share in the Global Digital Signature Market
The increased shift of organizations toward cloud-based solution adoption, rapid mobile adoption, and the presence of major players across the region is a key factor driving the growth of the regional market. Government initiatives related to e-signatures, such as the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act (E-SIGN), permitted the usage of e-sign for every transaction, thereby playing a crucial role in driving the market. Trade deals, like the United States-Mexico-Canada Agreement (USMCA), also encourage the usage of e-signatures. The high adoption of digital signature across the different industrial verticals across the region is further contributing to the regional market share.
Market Players Outlook
The major companies serving the global digital signature market including DocuSign Inc., HelloSign, SunGard Signix Inc., SafeNet Inc., and ePadLink among others. The market players are considerably contributing to the market growth by the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global digital signature market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. DocuSign, Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. ePad Link
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. DropBox Sign (formerly HelloSign)
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. SafeNet Inc.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. SunGard Signix Inc.
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Digital Signature Market by Offering
4.1.1. Software
4.1.2. Service
4.1.3. Hardware
4.2. Global Digital Signature Market by Deployment Mode
4.2.1. On-Premise
4.2.2. Cloud-Based
4.3. Global Digital Signature Market by End-User Industry
4.3.1. BFSI
4.3.2. Government
4.3.3. Healthcare
4.3.4. Oil & Gas
4.3.5. Military & Defense
4.3.6. Logistics & Transportation
4.3.7. Research and Education
4.3.8. Others (Real Estate, Manufacturing, Legal, IT, and Telecom)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Adobe
6.2. Alphatrust Corp.
6.3. Apple Inc.
6.4. Ascertia
6.5. Bit4id
6.6. Comsigntrust
6.7. Digicert, Inc.
6.8. Docusign, Inc.
6.9. Entrust Corp.
6.10. Globalsign
6.11. Idemia
6.12. Identrust, Inc.
6.13. Lawtrust
6.14. Multicert
6.15. Onespan
6.16. Oodrive
6.17. Primekey
6.18. Rntrust
6.19. Secured Signing Ltd.
6.20. Solutions Notarius Inc.
6.21. Sungard Signix Inc.
6.22. Symtrax
6.23. Tessi
6.24. Thales
6.25. Zoho Corp. Pvt. Ltd.
1. GLOBAL DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
2. GLOBAL DIGITAL SIGNATURE SOFTWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
3. GLOBAL DIGITAL SIGNATURE SERVICE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL DIGITAL SIGNATURE HARDWARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
5. GLOBAL DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
6. GLOBAL ON-PREMISE BASED DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
7. GLOBAL CLOUD-BASED DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
8. GLOBAL DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2022-2030 ($ MILLION)
9. GLOBAL DIGITAL SIGNATURE FOR BFSI MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
10. GLOBAL DIGITAL SIGNATURE FOR GOVERNMENT MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
11. GLOBAL DIGITAL SIGNATURE FOR HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
12. GLOBAL DIGITAL SIGNATURE FOR OIL & GAS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
13. GLOBAL DIGITAL SIGNATURE FOR MILITARY & DEFENSE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL DIGITAL SIGNATURE FOR LOGISTICS & TRANSPORTATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL DIGITAL SIGNATURE FOR RESEARCH & EDUCATION MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL DIGITAL SIGNATURE FOR OTHER END-USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. NORTH AMERICAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
20. NORTH AMERICAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
21. NORTH AMERICAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2022-2030 ($ MILLION)
22. EUROPEAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. EUROPEAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
24. EUROPEAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
25. EUROPEAN DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2022-2030 ($ MILLION)
26. ASIA-PACIFIC DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. ASIA-PACIFIC DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
28. ASIA-PACIFIC DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
29. ASIA-PACIFIC DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2022-2030 ($ MILLION)
30. REST OF THE WORLD DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY OFFERING, 2022-2030 ($ MILLION)
31. REST OF THE WORLD DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY DEPLOYMENT MODE, 2022-2030 ($ MILLION)
32. REST OF THE WORLD DIGITAL SIGNATURE MARKET RESEARCH AND ANALYSIS BY END-USER INDUSTRY, 2022-2030 ($ MILLION)
1. GLOBAL DIGITAL SIGNATURE MARKET SHARE BY OFFERING, 2022 VS 2030 (%)
2. GLOBAL DIGITAL SIGNATURE SOFTWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL DIGITAL SIGNATURE SERVICE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL DIGITAL SIGNATURE HARDWARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL DIGITAL SIGNATURE MARKET SHARE BY DEPLOYMENT MODE, 2022 VS 2030 (%)
6. GLOBAL ON-PREMISE BASED DIGITAL SIGNATURE MARKET SHARE BY REGION, 2022 VS 2030 (%)
7. GLOBAL CLOUD-BASED DIGITAL SIGNATURE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL DIGITAL SIGNATURE MARKET SHARE BY END-USER INDUSTRY, 2022 VS 2030 (%)
9. GLOBAL DIGITAL SIGNATURE FOR BFSI MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL DIGITAL SIGNATURE FOR GOVERNMENT MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL DIGITAL SIGNATURE FOR HEALTHCARE MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL DIGITAL SIGNATURE FOR OIL & GAS MARKET SHARE BY REGION, 2022 VS 2030 (%)
13. GLOBAL DIGITAL SIGNATURE FOR MILITARY & DEFENSE MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL DIGITAL SIGNATURE FOR LOGISTICS & TRANSPORTATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL DIGITAL SIGNATURE FOR RESEARCH & EDUCATION MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL DIGITAL SIGNATURE FOR OTHER END-USER MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL DIGITAL SIGNATURE MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. US DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
19. CANADA DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
20. UK DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
21. FRANCE DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
22. GERMANY DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
23. ITALY DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
24. SPAIN DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF EUROPE DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
26. INDIA DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
27. CHINA DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
28. JAPAN DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
29. SOUTH KOREA DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF ASIA-PACIFIC DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD DIGITAL SIGNATURE MARKET SIZE, 2022-2030 ($ MILLION)
