Digital Signature Global Market is Projected to Reach $48.2 Billion by 2030: Shared Services Model to Accelerate Enterprise Digitization

DUBLIN, July 7, 2023 /PRNewswire/ -- The "Digital Signature: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Digital Signature estimated at US$5 Billion in the year 2022, is projected to reach a revised size of US$48.2 Billion by 2030, growing at a CAGR of 32.8% over the analysis period 2022-2030.

Solutions, one of the segments analyzed in the report, is projected to record 32.4% CAGR and reach US$35.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Services segment is readjusted to a revised 34.1% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 31.3% CAGR

The Digital Signature market in the U.S. is estimated at US$1.9 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$4.2 Billion by the year 2030 trailing a CAGR of 31.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 26.7% and 28% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 29.1% CAGR.

Select Competitors (Total 294 Featured) -

• Adobe Inc.
• AlphaTrust Corporation
• Ascertia
• Bit4id Ltd
• ComSignTrust
• DigiCert, Inc.
• DocuSign, Inc.
• Entrust Corp.
• GlobalSign
• IdenTrust, Inc.
• Multicert
• Notarius
• OneSpan
• RNTrust (RECRO-NET Middle East FZ-LLC)
• RPost, Inc.
• Secured Signing Limited
• SunGard SIGNiX Inc.
• Symtrax Corp
• Thales Group
• Zoho Corporation Pvt. Ltd.

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

• Impact of COVID-19 Pandemic and a Looming Global Recession
• Year 2021 in Review and Near-term Outlook
• Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
• World Economic Growth Projections (Real GDP, Annual % Change) for the Years 2021, 2022 and 2023
• Pandemic-Led Digital Transformation Puts the Spotlight on Digital Signatures
• Competitive Scenario
• Digital Signature - Global Key Competitors Percentage Market Share in 2022 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
• An Introduction to Digital Signature
• Digital Signature Market: Current Scenario and Outlook
• Growing Use of Digital Signatures in BFSI, Government & Defense and Legal Sectors
• Expanding Role of E-Signatures in Enterprise Applications
• Developed Regions Lead Digital Signature Market, Developing Economies Present Significant Growth Opportunities
• Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

• Numerous Advantages of Using Digital Signatures Drive Market Growth
• With Online and Electronic Transactions Growing, Digital Signature Offers Added Layer of Security
• Increasing Data Breach and Fraud Incidents Bolster Market Growth
• EXHBIIT: Number of Data Breaches and Exposed Records (in Million) in the US for the Period 2015-2020
• Average Cost of Data Breach in (US$ Million) by Country/Region for the Year 2021
• Amidst Digitization of Business Activities, Digital Signature Market Poised to Transform
• Businesses to Continue Implementation of Hybrid Human-Digital Experiences
• Regulations to Allow the Use of Electronic Signatures for Several Types of Agreements
• Robust Identity Assessment for Remote Electronic Signatures
• Conventional Forms-based Processes to Shift to Conversational, Intelligent Experiences
• Shared Services Model to Accelerate Enterprise Digitization
• E-signatures to Become Essential Part of the Contract Process for All Organizations
• E-signatures to Transform from a Team-specific Tool to an Enterprise-wide Strategic Imperative
• Digital Agreement Collaboration is Expected to Include New Functionality
• Digital Transformation to Revolutionize Internal Processes
• Touchless Experiences are Anticipated to Increase
• Advanced Identity Verification & Biometric Signature: Essential to Facilitate Remote E-Signatures
• Biometric Signatures
• Advanced Identity Checks
• Artificial Intelligence Drives Improvements in Digital Signature Technology
• AI's Role in Prevention of Forgery in Digital Signatures
• Future Role of AI in Digital Signature
• Role of Digital Signature in Blockchain Technology
• Digital Signature Leverages PKI to Deliver Highest Level of Security
• Surging Internet Penetration Rates Support Adoption of Digital Signatures
• World Internet Adoption Rate (in %) by Geographic Region: 2021
• Number of Internet Users Worldwide (in Billions) for the Years 2011-2021
• High Risk of Fraud amidst Increasing Digitalization of Banking Transactions Fuels Demand for Digital Signatures
• Rise in Digital Banking Transactions Enhances Need for Digital Signatures: Global Online Banking Market Size (in US$ Billion) for the Years 2019, 2021, 2023 and 2025
• Education Sector Benefits from Enhanced Security, Legal Compliance and Validity of Digital Signatures
• Government Bodies Adopt Digital Signatures to Ensure Secure & Efficient Document Processing
• Digital Signature Technologies Hold Prominence for Legal Services
• Real Estate Industry: Digital Transformation Enhances Significance of E-Signatures
• Digital Trends Transform Insurance Industry, Fuel Need for Digital Signatures
• Increased Use of Technology in Healthcare Presents Opportunity for Digital Signature Technology
• Digital Signature Software Market: Rise in Digital Technologies Enhance Growth Prospects
• Global Digital Signature Market: Percentage Breakdown of Revenues by Component for 2022 (E)
• Global Digital Signature Software Market: Percentage Breakdown of Sales by Application for 2022 (E)
• Increasing Adoption of Cloud-based Digital Signature Solutions
• Standards for Cloud-based Digital Signature
• Digital Signatures Allow Small Businesses to Digitize Business Activities
• Challenges Confronting Digital Signature Market
• Country-wide Differences in Regulations Governing Digital Signatures

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/qmyxje

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