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Digital Signature Market: Increasing number of partnerships and acquisitions to drive growth
There has been a growth significantly in the preference of digital signatures in a wide range in the end-users sectors such as government office, banks, IT and legal service providers. Moreover, other strategies such as partnerships and acquiring other vendors are carried out by vendors for gaining access to new clients and new geographic areas to increase their market share. Furthermore, such strategies also help the market players for gaining access over advanced technologies which can help in enhancing their product portfolio. This will help in rising the demand for digital signature worldwide during the forecast period.
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Digital Signature Market: Segmentation Analysis & Revenue Generating Segment
This market research report segments the digital signature market by End-user (BFSI, government, healthcare, legal, and others) and Geography (North America, Europe, APAC, South America, and MEA).
The digital signature market share growth by the BFSI segment will be significant for revenue generation. The BFSI segment includes banks and insurance companies that offer the functionality of digital signatures to their customers. In banking and insurance, digital signatures can be used by customers for new account opening, subscription documents wire transfers redemption requests custody bulk mailings non-disclosure agreement (NDA) agreements wire instructions/transfers, and other. As a result, the implementation of digital signatures eliminates a significant part of the paperwork process and helps digitize the whole process.
Technavio report provides an accurate prediction of the contribution of all the segments to the growth of the digital signature market size and actionable market insights on each segment which will assist in creating efficient business plans & strategies.
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Some of the key topics covered in the report include:
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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Digital Signature Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 30% |
Market growth 2021-2025 |
$ 7.10 billion |
Market structure |
Concentrated |
YoY growth (%) |
24.85 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 33% |
Key consumer countries |
US, Germany, UK, China, and Japan |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Adobe Inc., DocuSign Inc., Dropbox Inc., Entrust Datacard Corp., GMO Internet Inc., OneSpan Inc., Oracle Corp., SIGNiX Inc., Thales Group, and Thoma Bravo LP |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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