A digital signature is a mathematical technique used for determining the authenticity of an electronic document or message such as e-mails, word file, PDF, and others. It is considered equivalent to a handwritten signature, which implies that a communication with a valid digital signature possesses similar attributes as that of a handwritten signature and cannot be denied by the sender.Electronic documents are secured using the process of encryption at the sender’s end. To access the data, the receiver must be authorized to decrypt the data sent by the creator.
Itrefers to the use of a digitized form of signature to reduce deception and promote security in documentation across various sectors, such as government, information technology, healthcare, finance and insurance, telecom, and retail.
The Digital Signature solution offers various advantages such as enhanced security, lower costs, increased efficiency, and reduced turnover time. Factors like increasing use of digital signature to eliminate fraud, technological innovations and enhanced data integrity, scalability, and transparency are driving the market growth. This is also enhanced by the growing government focus towards eliminating paperwork in the governance processes. Increase in adoption of cloud-based solutions would lead to more penetration into the Digital Signature market.
The increasing e-commerce market and growing number of connected devices, including smartphone, tablet, and laptop, is further expected to drive the demand for digital signature across the globe.However, implementation cost and incompatibility among various digital signature techniques will hinder the market growth.
The global digital signatures market can be segmented on the basis of solution, deployment, application, and services.
2. Deployment Mode:
ii) Finance & Insurance
iii) Information Technology (IT)
iv) Healthcare & Lifesciences
vii) Others (include architecture, engineering, construction and legal)
i) Managed Services
ii) Professional Services
Geographically, the market is segmented into North America, Asia Pacific, Europe and South America.Enhancement of digital technologies in emerging markets like China and India have made the Asia Pacific region the fastest growing market. Geographically, North America is the largest market for digital signatures because of the presence of already established infrastructure. Europe is the 2nd largest market after North America and the newly introduced electronic signature regulations would boost the cross country transactions among the European Union countries.
Some of the key companies in global Digital Signature market are Adobe Systems Inc, Ascertia, Microsoft Corporation, Docusign Inc., Entrust Datacard Corp, eSignLive, Gemalto Inc, IdenTrust Inc, International Business Solutions LLC, Kofax Limited, Korea SYSTEM’s TECH Inc, Kotrade Inc, Oracle Corporation, Right Signature LLC, Rpost Technologies, Secured Signing Limited, SIGNiX Inc and Shachihata Inc.
- Market segments
- Market Drivers, Restraints and Opportunities
- Market Size & Forecast 2016 to 2022
- Supply & Demand Value Chain
- Market – Current Trends
- Competition & Major Companies
- Technology and R&D Status
- Porters Five Force Analysis
- Strategic and Critical Success Factor Analysis of Key Players
- North America
- US and Canada
- Latin America
- Mexico, Brazil, Argentina and Rest of Latin America
- Western Europe
- EU5 (Germany, France, Italy, Spain, U.K.)
- Nordic Countries (Denmark, Finland, Norway, and Sweden)
- Benelux (Belgium, The Netherlands, and Luxembourg)
- Rest of Western Europe
- Eastern Europe
- Rest of Eastern Europe
- Asia Pacific
- Australia and New Zealand
- Rest of Asia Pacific
- Middle East and Africa
- GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
- South Africa
- North Africa
- Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
- Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
- Consumer and Pricing Analysis
- Market dynamics of the industry
- Market Segmentation
- Estimated Market Sizing in terms of volume and value
- Recent trends in Market and impact
- Research Status and Technology Overview
- Extensive Industry Structure Coverage