HOME Top Market Reports Digital Signature Market by Solution (Software and Hardware), Services, Deployment, Application (BFSI, Government and Defence, Legal, Real Estate, Manufacturing and Engineering, Healthcare and Lifesciences) and Region - Global Forecast to 2021

Digital Signature Market by Solution (Software and Hardware), Services, Deployment, Application (BFSI, Government and Defence, Legal, Real Estate, Manufacturing and Engineering, Healthcare and Lifesciences) and Region - Global Forecast to 2021

By: marketsandmarkets.com
Publishing Date: January 2017
Report Code: TC 4102

 

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The digital signature market size is estimated to grow from USD 662.7 Million in 2016 to USD 2657.0 Million by 2021, at an estimated Compound Annual Growth Rate (CAGR) of 32.0%.

Digital transaction management and authenticating the user identity are some of the emerging aspects increasing the demand for digital signature solutions. The report aims at estimating the market size and future growth potential of the digital signature market across different segments, by component, deployment mode, application, and region. The base year considered for the study is 2015 and the forecast period is from 2016 to 2021.

The research methodology used to estimate and forecast the digital signature market begun with capturing data on key vendor revenues through secondary research, such as Computer Science and Engineering Association (CSEA), International Data Corporation (IDC), and company financials. The vendor’s offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall market size of the global market from the revenue of key players in the market. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key people, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures were employed to complete the overall market engineering process and to arrive at the exact statistics for all segments. The breakdown of profiles of primary participants is depicted in the below figure:

Digital Signature Market

To know about the assumptions considered for the study, download the pdf brochure

The digital signature ecosystem comprises application providers, such as Adobe Systems, Inc., Gemalto, Inc., Secured Signing Limited, Signix, Ascertia, Entrust Datacard Corp., and eSignLive. Other stakeholders of the digital signature market include digital signature vendors, digital signature service providers, product manufacturers/developers, system integrators/migration service providers, and consultancy firms/advisory firms.

Target Audience

  • Digital signature vendors
  • Digital signature service providers
  • Product manufacturers/ developers
  • Consultancy firms/advisory firms
  • Training and education service providers
  • Data integration service providers
  • Banking and Insurance service providers

 “The research study answers several questions for the stakeholders, primarily which market segments to focus in during the next two to five years for prioritizing the efforts and investments”.

Scope of the Report

The research report categorizes the digital signature to forecast the revenues and analyze the trends in each of the following sub-markets:

By Solution

  • Hardware
  • Software

By Deployment Model

  • On-premises
  • Cloud-based

By Vertical

  • Human resources
  • Education and research
  • BFSI
  • Government and defense
  • Healthcare and life sciences
  • Legal
  • Real estate
  • Manufacturing and engineering
  • Others (retail, transit, energy & utilities, telecommunications, operations, sales & marketing, and pharmaceuticals & procurement)

By Region

  • North America
  • Europe
  • Middle East and Africa (MEA)
  • Asia-Pacific (APAC)
  • 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 digital signature market
  • Further breakdown of the European market
  • Further breakdown of APAC market
  • Further breakdown of MEA market
  • Further breakdown of the Latin American market

Company Information

  • Detailed analysis and profiling of additional market players

Table of Contents

1 Introduction (Page No. - 15)
    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. - 18)
    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
                    2.1.2.3 Breakdown of Primaries
    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 Vendor Dive Matrix Methodology
    2.5 Research Assumptions

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 31)
    4.1 Attractive Market Opportunities in the Digital Signature Market
    4.2 Market By Region, 2016 vs 2021
    4.3 Market Top Three Verticals and Regions, 2016
    4.4 Market By Service, 2016–2021
    4.5 Life Cycle Analysis, By Region

5 Market Overview (Page No. - 34)
    5.1 Introduction
    5.2 Evolution
    5.3 Market Segmentation
           5.3.1 By Component
           5.3.2 By Service
           5.3.3 By Solution
           5.3.4 By Application
           5.3.5 By Deployment Model
           5.3.6 By Region
    5.4 Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Improved Operational Efficiency and Lower Opex
                    5.4.1.2 Enhanced End-To-End Customer Experience
                    5.4.1.3 Improved Security and Controlled Workflow
           5.4.2 Restraints
                    5.4.2.1 Scattered Regulations and Insufficient Cross-Country Recognition
                    5.4.2.2 Lack of Awareness Regarding Legality of Digital Signature
           5.4.3 Opportunities
                    5.4.3.1 Technological Evolution
                    5.4.3.2 Increased Acceptance of Cloud-Based Security Solutions
           5.4.4 Challenges
                    5.4.4.1 Deeply-Entrenched Traditional Business Practices
                    5.4.4.2 Digital Signature Implementation

6 Industry Trends (Page No. - 43)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 System Architechture
    6.4 Strategic Benchmarking

7 Digital Signature Market Analysis, By Component (Page No. - 46)
    7.1 Introduction
    7.2 Solutions
           7.2.1 Hardware
           7.2.2 Software
    7.3 Services
           7.3.1 Managed Services
           7.3.2 Professional Services

8 Digital Signature Market Analysis, By Deployment Model (Page No. - 55)
    8.1 Introduction
    8.2 On-Premises
    8.3 Cloud-Based

9 Digital Signature Market Analysis, By Application (Page No. - 59)
    9.1 Introduction
    9.2 Human Resources
    9.3 Education and Research
    9.4 Banking, Financial Services, and Insurance
    9.5 Government and Defense
    9.6 Healthcare and Life Sciences
    9.7 Legal
    9.8 Real Estate
    9.9 Manufacturing and Engineering
    9.10 Others

10 Geographic Analysis (Page No. - 68)
     10.1 Introduction
     10.2 North America
             10.2.1 United States
             10.2.2 Canada
     10.3 Europe
             10.3.1 United Kingdom
             10.3.2 Germany
             10.3.3 France
             10.3.4 Rest of Europe
     10.4 Asia-Pacific
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 Rest of Asia-Pacific
     10.5 Latin America
             10.5.1 Brazil
             10.5.2 Mexico
             10.5.3 Rest of Latin America
     10.6 Middle East and Africa
             10.6.1 Middle East
             10.6.2 Africa

11 Competitive Landscape (Page No. - 98)
     11.1 Overview
     11.2 Vendor Dive Overview
     11.3 Digital Signature Market: MnM Dive – Vendor Comparison
     11.4 Competitive Situations and Trends
             11.4.1 New Product Launches and Product Enhancements
             11.4.2 Partnerships, Agreements, Collaborations, and Contracts
             11.4.3 Acquisitions

12 Company Profiles (Page No. - 110)
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Introduction
     12.2 Adobe Systems, Inc
     12.3 Gemalto N.V.
     12.4 Ascertia
     12.5 Esignlive By Vasco
     12.6 Secured Signing Limited
     12.7 Signix, Inc.
     12.8 Entrust Datacard Corporation
     12.9 Rpost Technologies
     12.10 Kofax Limited (A Lexmark Company)
     12.11 Docusign
     12.12 Identrust, Inc.

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

13 Appendix (Page No. - 139)
     13.1 Recent Developments
             13.1.1 New Product Launches
     13.2 Industry Excerpts
     13.3 Discussion Guide
     13.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.5 Available Customizations
     13.6 Related Reports
     13.7 Author Details


List of Tables (74 Tables)

Table 1 Digital Signature Market Size, By Component 2014-2021(USD Million)
Table 2 Market Size, By Component, 2014-2021(USD Million)
Table 3 Market Size, By Solution, 2014–2021 (USD Million)
Table 4 Solutions: Market Size, By Region, 2014–2021 (USD Million)
Table 5 Hardware: Market Size, By Region, 2014–2021 (USD Million)
Table 6 Software: Market Size, By Region, 2014–2021 (USD Million)
Table 7 Digital Signature Market Size, By Service Type, 2014–2021 (USD Million)
Table 8 Services: Market Size, By Region, 2014–2021 (USD Million)
Table 9 Managed Services: Market Size, By Region, 2014–2021 (USD Million)
Table 10 Professional Services: Market Size, By Region, 2014–2021 (USD Million)
Table 11 Digital Signature Market Size, By Deployment Model, 2014–2021 (USD Million)
Table 12 Deployment Model: Market Size, By Region, 2014–2021 (USD Million)
Table 13 On-Premises: Market Size, By Region, 2014–2021 (USD Million)
Table 14 Cloud-Based: Market Size, By Region, 2014–2021 (USD Million)
Table 15 Digital Signature Market Size, By Application, 2014–2021 (USD Million)
Table 16 Human Resources: Market Size, By Region, 2014–2021 (USD Million)
Table 17 Education and Research: Market Size, By Region, 2014–2021 (USD Million)
Table 18 Banking, Financial Services, and Insurance: Market Size, By Region, 2014–2021 (USD Million)
Table 19 Government and Defense: Market Size, By Region, 2014–2021 (USD Million)
Table 20 Healthcare and Life Sciences: Market Size, By Region, 2014–2021 (USD Million)
Table 21 Legal: Digital Signature Market Size, By Region, 2014–2021 (USD Million)
Table 22 Real Estate: Market Size, By Region, 2014–2021 (USD Million)
Table 23 Manufacturing and Engineering: Market Size, By Region, 2014–2021 (USD Million)
Table 24 Others: Market Size, By Region, 2014–2021 (USD Million)
Table 25 Digital Signature Market Size, By Region, 2014-2021(USD Million)
Table 26 North America: Market Size, By Component, 2014-2021(USD Million)
Table 27 North America: Market Size, By Solution, 2014-2021(USD Million)
Table 28 North America: Market Size, By Deployment Model, 2014-2021(USD Million)
Table 29 North America: Market Size, By Service, 2014-2021(USD Million)
Table 30 North America: Market Size, By Application, 2014-2021(USD Million)
Table 31 North America: Market Size, By Country, 2014-2021(USD Million)
Table 32 United States: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Table 33 Canada: Market Size, By Component, 2014-2021(USD Million)
Table 34 Europe: Market Size, By Component, 2014-2021(USD Million)
Table 35 Europe: Market Size, By Solution, 2014-2021(USD Million)
Table 36 Europe: Market Size, By Service, 2014-2021(USD Million)
Table 37 Europe: Market Size, By Deployment Model, 2014-2021(USD Million)
Table 38 Europe: Market Size, By Application, 2014-2021(USD Million)
Table 39 Europe: Market Size, By Country, 2014-2021(USD Million)
Table 40 United Kingdom: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Table 41 Germany: Market Size, By Component, 2014-2021(USD Million)
Table 42 France: Market Size, By Component, 2014-2021(USD Million)
Table 43 Rest of Europe: Market Size, By Component, 2014-2021(USD Million)
Table 44 Asia-Pacific: Market Size, By Component, 2014-2021(USD Million)
Table 45 Asia-Pacific: Market Size, By Solution, 2014-2021(USD Million)
Table 46 Asia-Pacific: Market Size, By Service, 2014-2021(USD Million)
Table 47 Asia-Pacific: Market Size, By Deployment Model, 2014-2021(USD Million)
Table 48 Asia-Pacific: Market Size, By Application, 2014-2021(USD Million)
Table 49 Asia-Pacific: Market Size, By Country, 2014-2021(USD Million)
Table 50 China: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Table 51 Japan: Market Size, By Component, 2014-2021(USD Million)
Table 52 South Korea: Market Size, By Component, 2014-2021(USD Million)
Table 53 Rest of Asia-Pacific: Market Size, By Component, 2014-2021(USD Million)
Table 54 Latin America: Market Size, By Component, 2014–2021 (USD Million)
Table 55 Latin America: Market Size, By Solution, 2014-2021(USD Million)
Table 56 Latin America: Market Size, By Service, 2014-2021(USD Million)
Table 57 Latin America: Market Size, By Deployment Model, 2014-2021(USD Million)
Table 58 Latin America: Market Size, By Application, 2014-2021(USD Million)
Table 59 Latin America: Market Size, By Country, 2014-2021(USD Million)
Table 60 Brazil: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Table 61 Mexico: Market Size, By Component, 2014-2021(USD Million)
Table 62 Rest of Latin America: Market Size, By Component, 2014-2021(USD Million)
Table 63 Middle East and Africa: Market Size, By Component, 2014-2021(USD Million)
Table 64 Middle East and Africa: Market Size, By Solution, 2014-2021(USD Million)
Table 65 Middle East and Africa: Market Size, By Service, 2014-2021(USD Million)
Table 66 Middle East and Africa: Market Size, By Deployment Model, 2014-2021(USD Million)
Table 67 Middle East and Africa: Market Size, By Application, 2014-2021(USD Million)
Table 68 Middle East and Africa: Market Size, By Country, 2014-2021(USD Million)
Table 69 Middle East: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Table 70 Africa: Market Size, By Component, 2014-2021(USD Million)
Table 71 New Product Launches and Product Enhancements, 2014–2016
Table 72 Partnerships, Agreements, Collaborations, and Contracts, 2014–2016
Table 73 Acquisitions, 2014–2015
Table 74 New Product Launches, 2014-2015


List of Figures (49 Figures)

Figure 1 Digital Signature Market: Research Design
Figure 2 Market Size Estimation Methodology: Bottom-Up Approach
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Digital Signature Snapshot: By Component, 2016 vs 2021
Figure 7 North America is Expected to Hold the Largest Market Share in the Global Digital Signature Market in 2016
Figure 8 Digital Signature Market Will Witness Remarkable Growth Opportunities Backed By Enhanced Operational Efficiency
Figure 9 Europe is Expected to Be Grow at the Highest CAGR During the Forecast Period
Figure 10 Banking, Financial Services, and Insurance is Expected to Be the Fastest Growing Market in the Vertical Segment of the Digital Signature Market in 2016
Figure 11 Professional Services Segment is Expected to Hold the Major Market Share in the Digital Signature Market
Figure 12 Europe is Expected to Be in the High Growth Phase in the Digital Signature Market
Figure 13 Evolution of the Digital Signature Market
Figure 14 Market Segmentation: By Component
Figure 15 Market Component: By Service
Figure 16 Market Segmentation: By Solution
Figure 17 Market Segmentation: By Application
Figure 18 Market Segmentation: By Deployment Model
Figure 19 Market Segmentation: By Region
Figure 20 Market Drivers, Restraint, Opportunities, and Challenges
Figure 21 Market Value Chain Analysis
Figure 22 Market System Architecture
Figure 23 Market Strategic Benchmarking
Figure 24 Services Segment is Expected to Grow at A Highest CAGR During the Forecast Period
Figure 25 Software Solutions Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 26 Professional Services Segment is Expected to Grow at A Higher CAGR During the Forecast Period
Figure 27 Cloud-Based Deployment Model is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 28 Banking, Financial Services, and Insurance is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 29 Europe is Expected to Exhibit the Highest CAGR in the Digital Signature Market
Figure 30 North America is Expected to Hold the Largest Market Share During the Forecast Period
Figure 31 North America Market Snapshot
Figure 32 North America: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Figure 33 Europe Market Snapshot
Figure 34 Europe: Digital Signature Market Size, By Component, 2016-2021 (USD Million)
Figure 35 Asia-Pacific: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Figure 36 Latin America: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Figure 37 Middle East and Africa: Digital Signature Market Size, By Component, 2014-2021(USD Million)
Figure 38 Companies Adopted the Strategy of Partnerships, Agreements, Collaborations, and Contracts as the Key Growth Strategy From 2014 to 2016
Figure 39 Vendor Comparison: Business Strategy Analysis
Figure 40 Vendor Comparison: Product Offering Analysis
Figure 41 Market Evaluation Framework
Figure 42 Battle for Market Share: the Strategy of Partnerships, Agreements, Collaborations, and Contracts Was the Key Strategy Adopted By the Key Players in the Digital Signature Market During 2014–2016
Figure 43 Adobe Systems, Inc.: Company Snapshot
Figure 44 Adobe Systems, Inc.: SWOT Analysis
Figure 45 Gemalto N.V.: Company Snapshot
Figure 46 Gemalto N.V.: SWOT Analysis
Figure 47 Ascertia: SWOT Analysis
Figure 48 Esignlive By Vasco: SWOT Analysis
Figure 49 Secured Signing Limited: SWOT Analysis

The digital signature market is expected to grow from USD 662.7 Million in 2016 to USD 2657.0 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 32.0% during the forecast period. The rising need for digital signature solutions, effective security of transactions, and the need of authenticating user identity are increasing the demand for the digital signature market.

The digital signature market is segmented on the basis of components, deployment modes, applications, and regions. This market is segmented based on the components installed at enterprises and in branches, which includes solutions & services. The services have the largest market share in 2016. The solutions customized by companies are based on the requirement of the end-user. These solutions are intended at replacing paper-based signatures, improving safety & security, increasing the efficiency, and lowering the costs.

The digital signature market by deployment type comprises on-premises and cloud-based deployments. On–premises deployment assures high levels of flexibility and control. The cloud-based solutions enable end-users to expand the number of signers, as required. Cloud-based services are expected to become the largest segment by 2021. The increasing demand for digital signature cloud-based services is driving the market.

The digital signature market is also segmented on basis of applications that are utilized and deployed to the end-users, such as the Banking, Financial Services, & Insurance (BFSI) and government & defense. The managed services segment is expected to have the largest market share in 2016. Managed services provide a combination of digital signature solutions to end-users, which helps reduce the overall cost of operations and makes them more flexible. They also provide seamless integration of Wide Area Network (WAN) and branch networks to provide end-to-end solutions to end-users.

The digital signature market is segmented on the basis of verticals into Human Resources (HR), education & research, BFSI, government & defense, healthcare & life sciences, legal, real estate, manufacturing & engineering, and others, including retail, transit, energy & utilities, telecommunications, operations, sales & marketing, and pharmaceuticals & procurement. In 2016, the BFSI vertical had the highest market share. Owing to the fact that improving the operational efficiency has become one of the key elements of the enterprise strategies, the demand for providing security and user identity is increasing rapidly.

North America is expected to have the largest market share in 2016; whereas, the European region is expected to grow at the highest CAGR from 2016 to 2021 in the digital signature market. The major growth factors that would drive the adoption of digital signature in Europe includes secure & reliable transactions, authenticating the identity of the user over the digital network, and the new release of regulations for electronic signatures by the European Electronic Messaging.

Digital Signature Market

Rules and regulations regarding e-Signatures differ in each country, though e-signatures are legally valid and enforceable in almost every commercial nation in the world. The digital signature market lacks scattered regulations. The key vendors in this market are Adobe Systems, Inc., Gemalto, Inc., Secured Signing Limited, Signix, Ascertia, Entrust Datacard Corp., eSignLive, RPost Technologies, Kofax Limited, DocuSign, and IdenTrust, Inc. These players have adopted various strategies, such as new product developments, acquisitions, contracts, and partnerships, to serve the digital signature market.

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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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