DUBLIN, March 8, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/8dthcg/digital_signature) has announced the addition of the "Digital Signature Market - Global Forecast to 2020" report to their offering.
The digital signature market size is expected to grow from USD 512.5 Million in 2015 to USD 2.02 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 31.6% during the forecast period.
The major growth drivers of the market include reduced business operational costs, superior customer experience, and enhanced security and control. New opportunities for this market, such as the development of ecommerce across the emerging economies, increase in the adoption of cloud-based security solutions, and digital transformation, are expected to shape the future of the market.
The North American region is expected to continue being the largest revenue generator region for digital signature vendors for the next five years, followed by Europe.
This is mainly because in the developed economies of Canada and the U.S., there is a high focus on innovations obtained from Research and Development (R&D) and technology. Europe is expected to be the fastest-growing region in the digital signature market. The growth in this region is primarily driven by the growing awareness among the enterprises.
The digital signature market faces challenges such as lack of trust and difficulty in the implementation and validation of digital identities. One of the major challenges in the adoption of digital signature technology across the processes in an organization is the lack of easy implementation. In cases where a document needs to be sent to other signatories for additional signature approvals, then each person has to add information into the respective section in the sectional forms, such as in an insurance claim or mortgage application, to sign the application. It is, therefore, perceived as a hurdle by the signatories.
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Digital Signature Market Analysis, By Solution
8 Digital Signature Market Analysis, By Service
9 Digital Signature Market Analysis, By Deployment Model
10 Digital Signature Market Analysis, By Application
11 Geographic Analysis
12 Competitive Landscape
13 Company Profiles
- Adobe Systems, Inc.
- Docusign, Inc.
- Entrust Datacard Corporation
- Gemalto, Inc.
- Identrust, Inc.
- Rpost Technologies
- Secured Signing Limited
For more information visit http://www.researchandmarkets.com/research/8dthcg/digital_signature
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SOURCE Research and Markets