HOME Top Market Reports Digital Signature Market by Solution (Software and Hardware), by Services (Managed and Professional), by Deployment (Cloud and in-Premises), by Application, and by Region - Global Forecast to 2020

Digital Signature Market by Solution (Software and Hardware), by Services (Managed and Professional), by Deployment (Cloud and in-Premises), by Application, and by Region - Global Forecast to 2020

By: marketsandmarkets.com
Publishing Date: February 2016
Report Code: TC 4102

 

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MarketsandMarkets forecasts the global digital signature market to grow from USD 512.5 Million in 2015 to USD 2.02 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 31.6%. 2014 has been considered as the base year while the forecast period is 2015–2020. The report segments the market into solutions, services, applications, deployment models, verticals, and regions. The major growth drivers of the digital include reduced business operational costs, superior customer experience, and enhanced security and control.

Top-down and bottom-up approaches were used to estimate and validate the size of the global digital signature market and to estimate the size of various other dependent submarkets in the overall market. The key players in the market were identified through secondary research and their market shares in respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders. All percentage splits and breakdowns were determined by using secondary sources and verified through primary sources. All possible parameters that affect the markets are covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data is consolidated and added with detailed inputs and analysis from MarketsandMarkets. Extensive interviews with key people such as chief executive officers, vice-presidents, directors, and executives were conducted. The breakdown of the profiles of primary discussion participants is depicted in the below figure:

Digital Signature Market

The digital signature ecosystem comprises vendors such as Adobe Systems, DocuSign, Gemalto, Secured Signing Ltd., SIGNiX, Ascertia Ltd, and various others; service providers, system integrators, and enterprises. Other stakeholders of the market include service providers and distributors, hardware security module manufacturers, consulting service providers, IT service providers, resellers, telecom operators, enterprise users, and technology providers.

Scope of the Report:

The research report categorizes the digital signature market to forecast the revenues and analyze the trends in each of the following submarkets:

On the basis of Types:

  • Software
  • Hardware

On the basis of Services:

  • Managed Services
  • Professional Services

On the basis of applications:

  • Human Resource
  • Education
  • Government
  • Finance
  • Healthcare
  • Legal
  • Others

On the basis of Deployment Models:

  • On-Premises
  • On-Demand

On the basis of Regions:

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East & Africa (MEA)
  • Latin America

Available Customizations

  • With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of product portfolio of each company

Geographic Analysis

  • Further breakdown of the North American market into the U.S. and Canada
  • Further breakdown of the APAC market into South Korea, India, China, and others

Company Information

  • Detailed analysis and profiling of additional market players (up to five)

Also early buyers will receive 10% customization on the digital signature market report or other related report. Under customization, further segmentation of regions into different countries can be provided.

Table of Contents

1 Introduction (Page No. - 12)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 15)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Market Breakdown and Data Triangulation
    2.4 Market Forecast Assumptions

3 Executive Summary (Page No. - 23)

4 Premium Insights (Page No. - 28)
    4.1 Attractive Market Opportunities in the Digital Signature Market
    4.2 Market By Component
    4.3 Global Market By Application and By Region
    4.4 Life Cycle Analysis, By Region (2015)

5 Market Overview (Page No. - 31)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Solution
           5.3.2 By Service
           5.3.3 By Application
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 High Costs Involved With Traditional Document Authorization Processes
                    5.4.1.2 Rising Customer Demand and Need for Superior Customer Experience
                    5.4.1.3 Enhanced Security and Control
           5.4.2 Restraints
                    5.4.2.1 Fragmented Regulations and Lack of Cross Country Recognition
                    5.4.2.2 Inconvenience to the Consumers
           5.4.3 Opportunities
                    5.4.3.1 Digital Transformation
                    5.4.3.2 Development of E-Commerce Across the Emerging Economies
                    5.4.3.3 Increase in the Adoption of Cloud-Based Security Solutions
           5.4.4 Challenges
                    5.4.4.1 Conventional Document Signature Processes
                    5.4.4.2 Implementation of Digital Signatures

6 Industry Trends (Page No. - 38)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 System Architechture
    6.4 Strategic Benchmarking

7 Digital Signature Market Analysis, By Solution (Page No. - 41)
    7.1 Introduction
    7.2 Software Market
    7.3 Hardware Market

8 Digital Signature Market Analysis, By Service (Page No. - 46)
    8.1 Introduction
    8.2 Managed Services
    8.3 Professional Services

9 Digital Signature Market Analysis, By Deployment Model (Page No. - 50)
    9.1 Introduction
    9.2 On–Premises
    9.3 Cloud

10 Digital Signature Market Analysis, By Application (Page No. - 54)
     10.1 Introduction
     10.2 Human Resource (HR)
     10.3 Education and Research
     10.4 Finance
     10.5 Government
     10.6 Healthcare
     10.7 Legal
     10.8 Others

11 Geographic Analysis (Page No. - 61)
     11.1 Introduction
     11.2 North America
     11.3 Europe
     11.4 Asia-Pacific (APAC)
     11.5 Middle-East and Africa (MEA)
     11.6 Latin America

12 Competitive Landscape (Page No. - 76)
     12.1 Overview
     12.2 Competitive Situation and Trends
             12.2.1 Partnerships, Agreements, and Collaborations
             12.2.2 New Product Launches/Enhancements
             12.2.3 Acquisitions

13 Company Profiles (Page No. - 81)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     13.1 Adobe Systems, Inc.
     13.2 Docusign, Inc.
     13.3 Gemalto, Inc.
     13.4 Secured Signing Limited
     13.5 Signix
     13.6 Ascertia
     13.7 Entrust Datacard Corporation
     13.8 Esignlive
     13.9 Identrust, Inc.
     13.10 Rpost Technologies

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

14 Appendix (Page No. - 102)
     14.1 Other Developments
             14.1.1 Partnerships, Agreements, and Collaborations
             14.1.2 New Product Launches/Enhancements
     14.2 Insight of Industry Experts
     14.3 Discussion Guide
     14.4 Introducing RT: Real-Time Market Intelligence
     14.5 Available Customizations
     14.6 Related Reports


List of Tables (49 Tables)

Table 1 Digital Signatures Market Size, 2014-2020 (USD Million)
Table 2 Digital Signature Market Size, By Deployment, 2013–2020 (USD Million)
Table 3 Market Size By Application, 2013–2020 (USD Million)
Table 4 Market Size, By Solution, 2013-2020 (USD Million)
Table 5 Digital Signature Solutions Market Size, By Region, 2013-2020 (USD Million)
Table 6 Market: Software Market Size, By Region, 2013–2020 (USD Million)
Table 7 Market: Hardware Market Size, By Region, 2013–2020 (USD Million)
Table 8 Digital Signature Service Market Size, By Region, 2013–2020 (USD Million)
Table 9 Market Size, By Service, 2013-2020 (USD Million)
Table 10 Managed Services: Market Size, By Region, 2013–2020 (USD Million)
Table 11 Professional Service: Market Size, By Region, 2013–2020 (USD Million)
Table 12 Digital Signature Deployment Market Size, By Region, 2013–2020 (USD Million)
Table 13 Digital Signature Market Size, By Deployment Model, 2013-2020 (USD Million)
Table 14 On-Premises: Market Size, By Region, 2013–2020 (USD Million)
Table 15 Cloud: Market Size, By Region, 2013–2020 (USD Million
Table 16 Market Size, By Application, 2013-2020 (USD Million)
Table 17 Human Resource: Market Size, By Region, 2013–2020 (USD Million)
Table 18 Education and Research: Market Size, By Region, 2013–2020 (USD Million)
Table 19 Finance : Market Size, By Region, 2013–2020 (USD Million)
Table 20 Government : Market Size, By Region, 2013–2020 (USD Million)
Table 21 Healthcare : Market Size, By Region, 2013–2020 (USD Million)
Table 22 Legal : Market Size, By Region, 2013–2020 (USD Million)
Table 23 Others : Market Size, By Region, 2013–2020 (USD Million)
Table 24 Digital Signature Market Size, By Region, 2013–2020 (USD Billion)
Table 25 North America: Market Size, By Solution, 2013–2020 (USD Million)
Table 26 North America: Market Size, By Service, 2013–2020 (USD Million)
Table 27 North America: Market Size, By Deployment Model, 2013–2020 (USD Million)
Table 28 North America: Market Size, By Application, 2013–2020 (USD Million)
Table 29 Europe: Market Size, By Solution, 2013–2020 (USD Million)
Table 30 Europe: Market Size, By Service, 2013–2020 (USD Million)
Table 31 Europe: Market Size, By Deployment Model, 2013–2020 (USD Million)
Table 32 Europe: Market Size, By Application, 2013–2020 (USD Million)
Table 33 Asia-Pacific: Market Size, By Solution, 2013–2020 (USD Million)
Table 34 Asia-Pacific: Market Size, By Service, 2013–2020 (USD Million)
Table 35 Asia-Pacific: Market Size, By Deployment Model, 2013–2020 (USD Million)
Table 36 Asia-Pacific: Market Size, By Application, 2013–2020 (USD Million)
Table 37 Middle-East and Africa: Digital Signature Market Size, By Solution, 2013–2020 (USD Million)
Table 38 Middle-East and Africa: Market Size, By Service, 2013–2020 (USD Million)
Table 39 Middle-East and Africa: Market Size, By Deployment Model, 2013–2020 (USD Million)
Table 40 Middle-East and Africa: Market Size, By Application, 2013–2020 (USD Million)
Table 41 Latin America: Market Size, By Solution, 2013–2020 (USD Million)
Table 42 Latin America: Market Size, By Service, 2013–2020 (USD Million)
Table 43 Latin America: Market Size, By Deployment Model, 2013–2020 (USD Million)
Table 44 Latin America: Market Size, By Application, 2013–2020 (USD Million)
Table 45 Partnerships, Collaborations, and Agreements, 2013 – 2015
Table 46 New Product Launches/Enhancements, 2013–2015
Table 47 Acquisitions, 2013–2015
Table 48 Partnerships, Collaborations and Agreements, 2013 – 2015
Table 49 New Product Launches, 2013–2015


List of Figures (35 Figures)

Figure 1 Digital Signature Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Top-Down Approach
Figure 4 Data Triangulation
Figure 5 Digital Signature (By Component) Snapshot, 2015 vs 2020
Figure 6 Digital Signature (By Deployment) Snapshot, 2015 vs 2020
Figure 7 Digital Signature (By Application) Snapshot, 2015 vs 2020
Figure 8 The North American Market has the Largest Share in the Global Market, 2015
Figure 9 Partnerships, Agreements, and Collaborations are Expected to Be the Differentiating Trend for the Top Companies
Figure 10 Low Operational Cost and Enhanced Security is Pushing the Digital Signature Market
Figure 11 Solution Contributes the Largest Market Share in the Market
Figure 12 Finance Application and North American Region Accounted for the Largestshares in the Market
Figure 13 North America is the Leading Market in the Digital Siganture Market Due to Higher Adoption of Electronic Signatures From Financial and Legal Services
Figure 14 Evolution of the Digital Signature Market
Figure 15 Market, By Solution
Figure 16 Market, By Service
Figure 17 Market, By Application
Figure 18 Market: Drivers, Restraint, Opportunities, and Challenges
Figure 19 Value Chain Architecture
Figure 20 System Architecture
Figure 21 Strategic Benchmarking
Figure 22 North America is Expected to Lead the Digital Signature Solutions Market in Terms of Market Size During the Forecast Period
Figure 23 North America is Expected to Dominate Large Part of the Market During the Forecast Period
Figure 24 The Market is Expected to Be Dominated By North America During the Forecast Period
Figure 25 Finance is Expected to Lead the Market By Application During the Forecast Period
Figure 26 Europe: an Attractive Destination for the Digital Signature Market, 2015–2020
Figure 27 The Market in Europe is Expected to Grow at the Highest Rate From 2015 to 2020
Figure 28 Regional Snapshot: Europe as the Hotspot During 2015–2020
Figure 29 North America: Market Snapshot
Figure 30 Europe: Market Snapshot
Figure 31 Partnerships/Agreements/Collaborations Strategy Was the Key Growth Strategy of the Last Three Years
Figure 32 Market Evaluation Framework
Figure 33 Battle for Market Share: Market Players Adopted Partnership/Agreement/Collaboration as the Key Strategy
Figure 34 Adobe Systems, Inc.: Company Snapshot
Figure 35 Gemalto NV: Company Snapshot

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.

Among applications, finance is expected to hold the largest market share in 2015 and is expected to grow at the highest CAGR from 2015 to 2020. Financial firms are delving deeper into digital signature to realize faster time-to-value and improve operational performance and decision outcomes.

The global market has been segmented on the basis of regions into North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America, to provide a region-specific analysis in the report. 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.

Digital Signature Market

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.

Major vendors that offer digital signature solutions and services globally are Adobe Systems, Inc. (U.S.), DocuSign, Inc. (U.S.), Gemalto, Inc. (Europe), Secured Signing Ltd. (U.S.), SIGNiX (U.S.), Ascertia Limited (U.K.), Entrust Datacard Corporation (U.S.), eSignLive (U.S.), IDenTrust, Inc. (U.S.), and RPost Technologies (U.S.). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the digital signature market.

Available Customizations Title

Client Customization Problem Statement :

Digital Signature Market

Solution Provided:

This customized study includes additional country segmentation of Europe beyond the insights into repor....

This customized study includes additional country segmentation of Europe beyond the insights into report within global Digital Signature Market. The market for Europe has been categorized by Solution, Services, Deployment Model, and Applications

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