DUBLIN--(BUSINESS WIRE)--Nov 4, 2022-- The "Digital Signature - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Digital Signature Market to Reach $20.4 Billion by 2027
Amid the COVID-19 crisis, the global market for Digital Signature estimated at US$3 Billion in the year 2020, is projected to reach a revised size of US$20.4 Billion by 2027, growing at a CAGR of 31.4% over the period 2020-2027. Solutions, one of the segments analyzed in the report, is projected to record 31% CAGR and reach US$15.1 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 32.5% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.2 Billion, While China is Forecast to Grow at 30.3% CAGR
The Digital Signature market in the U.S. is estimated at US$1.2 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2027 trailing a CAGR of 30.3% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 25.8% and 27.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 28.3% CAGR.
Select Competitors (Total 294 Featured)
Exhibit 2: 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 SignatureDigital Signature Market: Current Scenario and OutlookGrowing Use of Digital Signatures in BFSI, Government & Defense and Legal SectorsExpanding Role of E-Signatures in Enterprise Applications Developed Regions Lead Digital Signature Market, Developing Economies Present Significant Growth OpportunitiesRecent Market Activity2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
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 FunctionalityDigital Transformation to Revolutionize Internal ProcessesTouchless Experiences are Anticipated to IncreaseAdvanced Identity Verification & Biometric Signature: Essential to Facilitate Remote E-Signatures Biometric SignaturesAdvanced Identity ChecksArtificial Intelligence Drives Improvements in Digital Signature TechnologyAI's Role in Prevention of Forgery in Digital SignaturesFuture Role of AI in Digital SignatureRole of Digital Signature in Blockchain TechnologyDigital Signature Leverages PKI to Deliver Highest Level of SecuritySurging Internet Penetration Rates Support Adoption of Digital SignaturesHigh Risk of Fraud amidst Increasing Digitalization of Banking Transactions Fuels Demand for Digital SignaturesEducation Sector Benefits from Enhanced Security, Legal Compliance and Validity of Digital SignaturesGovernment Bodies Adopt Digital Signatures to Ensure Secure & Efficient Document ProcessingDigital Signature Technologies Hold Prominence for Legal ServicesReal Estate Industry: Digital Transformation Enhances Significance of E-Signatures Digital Trends Transform Insurance Industry, Fuel Need for Digital SignaturesIncreased Use of Technology in Healthcare Presents Opportunity for Digital Signature TechnologyDigital Signature Software Market: Rise in Digital Technologies Enhance Growth ProspectsIncreasing Adoption of Cloud-based Digital Signature SolutionsStandards for Cloud-based Digital SignatureDigital Signatures Allow Small Businesses to Digitize Business ActivitiesChallenges Confronting Digital Signature MarketCountry-wide Differences in Regulations Governing Digital Signatures4. GLOBAL MARKET PERSPECTIVE
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INDUSTRY KEYWORD: SECURITY BANKING PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2022.
PUB: 11/04/2022 10:29 AM/DISC: 11/04/2022 10:29 AM
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