Digital Signature Market

Digital Signature Market by Solution (Software and Hardware), Service, Deployment Mode, Application (BFSI, Government & Defense, Legal, Real Estate, HR, Manufacturing & Engineering, Healthcare & Life Sciences), and Region - Global Forecast to 2023

Report Code: TC 4102 Sep, 2019, by marketsandmarkets.com

[131 Pages Report] MarketsandMarkets expects the global digital signature market to grow from USD 1.2 billion in 2018 to USD 5.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.7% during forecast period. The major factors that are expected to be driving the digital signature market are rising investments on electronic documents by governments and enterprises, and improved security with a controlled and seamless workflow. The objective of the report is to define, describe, and forecast the digital signature market size based on application, components (solutions and services), deployment mode and region.

Digital Signature Market

By application, the BFSI segment to grow at the highest CAGR during the forecast period

The digital signature technology can be easily integrated with the existing banking system. Digital signature enabled accountants and tax specialists to get necessary signatures faster with legal requirements. It also accelerated invoicing and cash flow, and improved compliances and real-time visibility in the complex document process/flow.

By solution type, the software segment to hold the largest market size during the forecast period

Demand for digital signature is increasing due to the high demand for software solutions’ implementation and increased use in comparison with hardware solutions. The software solution is a major contributor to the market growth as compared to hardware solutions, owing to various reasons.

Digital Signature Market

North America to hold the largest market size during the forecast period

North America is expected to hold the largest market size in the global digital signature market while Europe is expected to grow at the highest CAGR during the forecast period. In Europe, the highest growth rate is attributed to the heavy investments made by government, private, and public sectors for enhancing data security, resulting in an increased demand for digital signature solutions and services to ensure benefits of digital signature, such as seamless workflow, data security, and paperless work.

Market Dynamics

Rising investments in electronic documents by governments and enterprises

Across the globe, the green movement has taken hold for the past decade, resulting in the shift of governments, corporate offices, and enterprises toward full or partial paperless workflows. Paperless business processes are better and always beneficial for the environment. Many offices started using electronic documentation, thereby saving a massive amount of paper. Enterprises supporting the green movement helped protect the environment and emphasized that governments as well as businesses care about the environment; this is compelling the citizens to adopt paperless document processes. Moving to paperless document processes has improved the operational efficiency, reduced the operational costs, and sped up the decision-making processes. Under electronic documentation, documents need to be signed for authentication using electronic signatures. Electronic signatures are inserted in electronic documents and are shared electronically over the network. The electronic signatures can seamlessly integrate with business applications without bringing out any major changes in the existing workflow.

Governments and businesses from BFSI, HR, legal, and real estate verticals are utilizing digital signatures for the security of digital documents. For instance, the Government of India (GoI) started a digital revolution by launching the Digital India campaign and by investing heavily to connect villages to this digital movement. Governments and enterprises are investing more on integrating the digital signature technology with day-to-day business applications, which in turn, is driving the global digital signature market.

Global Digital Signature Market: Research Design

Digital Signature Market

Source: Secondary Research, Industry Experts, and MarketsandMarkets Analysis

Variation in digital signature rules and regulations across regions

Digital signature solutions automate the business processes for bringing about digital transformation; at the same time, users expect business processes to be easy-to-use, to be able to provide flexible accessibility with high security, and to be compatible with all rules and regulations. Digital signature provides security and boosts trust in a business process, thus playing a crucial role in business transactional processes. The digital signature technology is related to documents that contain financial information, designs, product- and service-related information, defense strategies, government policies, and other important documents. SMEs are focused on satisfying the regional needs using the digital signature technology. Government’s rules and regulations, and the judiciary acceptance of digital signatures as witnesses or proofs vary geographically. Region wise, new rules and regulations are emerging. Changing rules and regulations is becoming a challenge for the digital signature market.

Increasing number of partnerships and acquisitions

The digital signature market has witnessed unprecedented traction in the recent years. There has been tremendous growth in the number of inorganic growth strategies, such as partnerships, agreements, and acquisitions, among IT companies, to establish themselves as astute digital signature solution and service providers. The latest trends show that there are various inorganic strategies followed by the key players to stay competitive in the digital signature market. For instance, Adobe acquired Marketo, DocuSign acquired SpringCM, Entrust Datacard acquired Barcelona-based Safelayer Secure Communications and Trustis Limited, Secured Signing Limited partnered with Zambion, SIGNiX partnered with Andrew Johnson Bank, Adobe partnered with Microsoft, and Entrust Datacard partnered with Gemalto. The demand for digital signature solutions and services has become one of the foremost concerns for security-centric organizations. Therefore, the market offers abundant opportunities to digital signature providers for selling their digital signature solutions and services.

Deeply entrenched traditional business practices

A long history of working with traditional paper-based business processes is entrenched deeply in the working culture of almost all businesses, who are reluctant to change their working patterns within a short interval. The other major challenges in adopting the digital signature technology across all processes in an organization include lack of trust and ease of implementation, which are otherwise present in convenient business solutions. Traditional business practices need to route the documents, signed by all signatories, with additional suggestions/changes required; this entire process takes a lot of time and effort. Overcoming this deeply entrenched traditional business practice is becoming a hindrance or a challenge in the digital signature market.

Scope of the Report

Report Metric

Details

Market size available for years

2016–2023

Base year considered

2017

Forecast period

2018–2023

Forecast units

Million (USD)

Segments covered

Applications, Components, Deployment Modes, and Regions

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies covered

Adobe(US), OneSpan(US), Gemalto(Netherlands), Ascertia(UK), DocuSign(US), Entrust Datacard (US), SIGNiX (UK), Secured Signing (New Zealand), Identrust (US), and Kofax (US), RPost Technologies (US), HelloSign (US), MultiCert (Lisbon), GlobalSign (US), RightSignature (US), and Zoho Corp (India)

This research report categorizes the digital signature market based on applications, components, deployment modes, and regions.

Based on application, the digital signature market has been segmented as follows:

  • HR
  • Education and Research 
  • BFSI 
  • Government and Defense
  • Legal
  • Healthcare and Life Sciences 
  • Real Estate
  • Manufacturing and Engineering
  • Others (Retail, Transit, Energy and Utilities, Telecom, Operations, Sales and Marketing, Pharmaceuticals, and Procurement)

Based on components, the digital signature market has been segmented as follows:

  • Solutions
    • Software
    • Hardware
  • Services
    • Professional Services
    • Managed Services

Based on deployment mode, the digital signature market has been segmented as follows:

  • Cloud
  • On-premises

Based on regions, the digital signature market has been segmented as follows:

  • North America
  • Europe
  • APAC
  • MEA
  • Latin America

Key Market Players

Adobe (US), OneSpan (US), Gemalto (Netherlands), Ascertia (UK), DocuSign (US), Entrust Datacard (US), SIGNiX (UK), Secured Signing (New Zealand), Identrust (US), and Kofax (US), RPost Technologies (US), HelloSign (US), MultiCert (Lisbon), GlobalSign (US), RightSignature (US), and Zoho Corp (India)

Adobe is focused on increasing its market boundaries by introducing new product portfolios to potential markets, such as the European, Middle Eastern, and APAC markets. The company is one of the leading players with regard to secure digital documents. Recent inorganic strategies such as acquisitions, partnerships, and collaborations are anticipated to drive the company’s growth and toughen its QES group to meet the increasing demands of effective electronic signature solutions around the world. New partnerships and alliances are expected to help the company acquire new customers and markets, which would help expand its current customer base and revenue size. For instance, in October 2018, Adobe acquired Marketo, one of the market leaders for B2B marketing engagement. With this acquisition, Adobe’s customers would get benefits from Marketo’s Marketing Engagement Platform, which in turn would add to Adobe’s revenue growth.

Recent Developments

  • In August 2018, OneSpan enhanced OneSpan Sign for Business Development Bank of Canada (BDC) to initiate eSign business loans via bank’s mobile app.
  • In July 2018, Gemalto partnered with Entrust Datacard, an identity and secure transaction technology provider. Gemalto offers a trusted, cloud-based platform for integrated identity management and data protection solutions for Internet of Things (IoT) devices and services.
  • In September 2018, DocuSign acquired SpringCM, a leading cloud-based document generation and contract life cycle management software company. With this acquisition, DocuSign accelerated customers’ ability to modernize their systems.
  • In April 2018, SIGNiX partnered with Science Inc., a US-based startup incubator. This partnership helped SIGNiX enter into the blockchain technology for smart contracts using complex cryptographic constructs known as PKI.
  • In September 2018, Secured Signing Limited partnered with Zambion, a New Zealand-based payroll, HR, time and attendance, and leave management software company. This partnership helped streamline the HR process by providing access to Secured Signing’s digital signature functions to sign employment contracts and other onboarding documents within Zambion.
  • In November 2018, Kofax acquired Nuance’s document imaging business for USD 400 million. This acquisition helped Kofax add technologies to its intelligent automation platform; these technologies include scan-to-archive, scan-to-workflow, print management, cloud compatibility, and document security.

Critical Questions the Report Answers:

  • Where will all these developments take the industry in the long term?
  • What are the upcoming trends for the EFSS market?
  • Which segment provides the most opportunity for growth?
  • Who are the leading vendors operating in this market?
  • What are the opportunities for new market entrants?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Market Segmentation
           1.3.2 Regions Covered
    1.4 Years Considered for the Study
    1.5 Currency Considered
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakup of Primary Participants’ Profiles
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Market Breakup and Data Triangulation
    2.2 Market Size Estimation
           2.2.1 Top-Down Approach
           2.2.2 Bottom-Up Approach
    2.3 Market Forecast
    2.4 Assumptions for the Study
    2.5 Limitations of the Study

3 Executive Summary (Page No. - 28)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the Digital Signature Market
    4.2 Digital Signature Market: Top 3 Applications
    4.3 Digital Signature Market: Top 3 Applications and Regions
    4.4 Digital Signature Market, By Application

5 Market Overview and Industry Trends (Page No. - 36)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Rising Investments in Electronic Documents By Governments and Enterprises
                    5.2.1.2 Improved Security With a Controlled and Seamless Workflow
                    5.2.1.3 Improved Operational Efficiency at Lower Opex
                    5.2.1.4 Enhanced End-to-End Customer Experience
           5.2.2 Restraints
                    5.2.2.1 Variation in Digital Signature Rules and Regulations Across Regions
                    5.2.2.2 Lack of Awareness About the Legality of Digital Signatures
           5.2.3 Opportunities
                    5.2.3.1 Increasing Number of Partnerships and Acquisitions
                    5.2.3.2 Increased Acceptance of Cloud-Based Security Solutions
           5.2.4 Challenges
                    5.2.4.1 Deeply Entrenched Traditional Business Practices
    5.3 Regulatory Implications
           5.3.1 Introduction
           5.3.2 General Data Protection Regulation (GDPR)
           5.3.3 Health Insurance Portability and Accountability Act (HIPAA)
           5.3.4 Payment Card Industry Data Security Standard (PCI DSS)
           5.3.5 System and Organization Controls 2 (SOC 2) Type II Compliance
           5.3.6 Electronic Identification, Authentication, and Trust Services (EIDAS)
           5.3.7 Electronic Signatures in Global and National Commerce (Esign) Act
           5.3.8 Uniform Electronic Transactions Act (UETA)
           5.3.9 Sarbanes–Oxley Act (SOX)
           5.3.10 Food and Drug Administration (FDA) Compliance
           5.3.11 21 CFR Part 11
           5.3.12 Information Technology (IT) Act, 2000
           5.3.13 Countries and Their Law
    5.4 Use Cases
           5.4.1 Introduction
                    5.4.1.1 Use Case: Scenario 1
                    5.4.1.2 Use Case: Scenario 2
                    5.4.1.3 Use Case: Scenario 3
                    5.4.1.4 Use Case: Scenario 4
                    5.4.1.5 Use Case: Scenario 5

6 Digital Signature Market, By Component (Page No. - 46)
    6.1 Introduction
    6.2 Solutions
           6.2.1 Hardware
                    6.2.1.1 USB Tokens to Become Crucial Because of the Various Benefits Offered By Them
           6.2.2 Software
                    6.2.2.1 Need to Lower the Maintenance Cost to Boost the Adoption of Digital Signature Software
    6.3 Services
           6.3.1 Managed Services
                    6.3.1.1 Increasing Adoption of Digital Signature Solutions to Help Managed Services Gain Traction
           6.3.2 Professional Services
                    6.3.2.1 Professional Services to Gain Traction to Help Organizations Find the Right Solution

7 Digital Signature Market, By Deployment Mode (Page No. - 58)
    7.1 Introduction
    7.2 On-Premises
                    7.2.1.1 On-Premises Digital Signature Solutions to Provide Control and Flexibility to Organizations
    7.3 Cloud
                    7.3.1.1 Cloud-Based Systems are Comparatively Less Expensive Than On-Premises Systems

8 Digital Signature Market, By Application (Page No. - 62)
    8.1 Introduction
    8.2 Human Resources
                    8.2.1.1 Digital Signatures Help the Hr Automate Paper-Intensive Processes
    8.3 Education and Research
                    8.3.1.1 Digital Signature Accelerates the Admission Process, Boost Experience and Fulfillment of Regulatory Compliances
    8.4 Banking, Financial Services, and Insurance
                    8.4.1.1 Digital Signatures Improve Invoicing, Cash Flow, Compliance and Visibility Into Complex Document Workflows
    8.5 Government and Defense
                    8.5.1.1 With Digital Signatures, Governments Can Easily Validate Documents
    8.6 Legal
                    8.6.1.1 Digital Signature Simplifies and Accelerates Agreement Preparation, Signing, and Management
    8.7 Healthcare and Life Sciences
                    8.7.1.1 Digital Signatures Help Healthcare Organizations to Ease Out Patient On-Boarding and Payment Processing
    8.8 Real Estate
                    8.8.1.1 in Real Estate, Digital Signatures Provide Authenticity and Traceability, and Control the Documentation Process
    8.9 Manufacturing and Engineering
                    8.9.1.1 Digital Signature Helps Get Approvals Required for Manufacturing Processes
    8.10 Others

9 Digital Signature Market, By Region (Page No. - 75)
    9.1 Introduction
    9.2 North America
           9.2.1 United States
                    9.2.1.1 US Being a Highly Regulated Region to Show High Adoption of Digital Signature Solutions and Services
           9.2.2 Canada
                    9.2.2.1 Increasing Awareness to Protect High-Value Data in Organizations to Fuel the Adoption of Digital Signature in Canada
    9.3 Europe
           9.3.1 United Kingdom
                    9.3.1.1 Protection of Payment Card Data to be the Major Driver for the UK-Based Digital Signature Industry
           9.3.2 Germany
                    9.3.2.1 Demand for Cloud-Based Digital Signatures for Seamless and Secured Transactions to Fuel the Digital Signature Market Growth
           9.3.3 France
                    9.3.3.1 Boost in Ecommerce and Mobile Payments to Encourage Organizations to Integrate Digital Signature Solutions
           9.3.4 Rest of Europe
    9.4 Asia Pacific
           9.4.1 China
                    9.4.1.1 Growing Focus of Government and Enterprises on Digital Signature Solutions to Drive the Market Growth
           9.4.2 Japan
                    9.4.2.1 Growing Focus of Digital Signature Solution Providers in the Region to Drive the Market Growth
           9.4.3 South Korea
                    9.4.3.1 Government’s Insistence on New Authentication Methods to Secure the Sensitive Data Exposed to Cyber Threats
           9.4.4 Rest of Asia Pacific
    9.5 Middle East and Africa
           9.5.1 Middle East
                    9.5.1.1 Regulatory Resolutions to Compel Organizations to Adopt Digital Signature Solutions
           9.5.2 Africa
                    9.5.2.1 Increasing Adoption of Advanced Technologies and Data Security to Instigate the Need for Digitally Signed Documents
    9.6 Latin America
           9.6.1 Brazil
                    9.6.1.1 Emerging Technology Trends in Brazil to Help the Digital Signature Market Growth in the Coming Years
           9.6.2 Mexico
                    9.6.2.1 Growing Steps Toward Adopting Emerging Technologies in Mexico to Create Demand for Digital Signature Solutions
           9.6.3 Rest of Latin America

10 Competitive Landscape (Page No. - 102)

11 Company Profiles (Page No. - 106)
     11.1 Adobe
             11.1.1 Business Overview
             11.1.2 Products Offered
             11.1.3 Recent Developments
             11.1.4 SWOT Analysis
             11.1.5 MnM View
     11.2 OneSpan
             11.2.1 Business Overview
             11.2.2 Products Offered
             11.2.3 Recent Developments
             11.2.4 SWOT Analysis
             11.2.5 MnM View
     11.3 Gemalto
             11.3.1 Business Overview
             11.3.2 Products Offered
             11.3.3 Recent Developments
             11.3.4 SWOT Analysis
             11.3.5 MnM View
     11.4 Ascertia
             11.4.1 Business Overview
             11.4.2 Products Offered
             11.4.3 Recent Developments
             11.4.4 SWOT Analysis
             11.4.5 MnM View
     11.5 DocuSign
             11.5.1 Business Overview
             11.5.2 Products Offered
             11.5.3 Recent Developments
             11.5.4 MnM View
     11.6 Entrust Datacard
             11.6.1 Business Overview
             11.6.2 Products Offered
             11.6.3 Recent Developments
             11.6.4 MnM View
     11.7 SIGNiX
             11.7.1 Business Overview
             11.7.2 Products Offered
             11.7.3 Recent Developments
             11.7.4 MnM View
     11.8 Secured Signing Limited
             11.8.1 Business Overview
             11.8.2 Products Offered
             11.8.3 Recent Developments
             11.8.4 MnM View
     11.9 Identrust
             11.9.1 Business Overview
             11.9.2 Solutions Offered
             11.9.3 MnM View
     11.10 Kofax
               11.10.1 Business Overview
               11.10.2 Products Offered
               11.10.3 Recent Developments
               11.10.4 MnM View
     11.11 Rpost Technologies
     11.12 Hellosign
     11.13 Multicert
     11.14 Globalsign
     11.15 Rightsignature
     11.16 Zoho Corp

12 Appendix (Page No. - 130)
     12.1 Industry Excerpts
     12.2 Discussion Guide
     12.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     12.4 Available Customizations
     12.5 Related Reports
     12.6 Author Details


List of Tables (100 Tables)

Table 1 United States Dollar Exchange Rate, 2015–2017
Table 2 Global Digital Signature Market Size and Growth Rate, 2016–2023
Table 3 Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 4 Solutions: Digital Signature Market Size, By Type, 2016–2023 (USD Million)
Table 5 Solutions: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 6 Hardware Market Size, By Region, 2016–2023 (USD Million)
Table 7 Software Market Size, By Region, 2016–2023 (USD Million)
Table 8 Services: Digital Signature Market Size, By Type, 2016–2023 (USD Million)
Table 9 Services: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 10 Managed Services Market Size, By Region, 2016–2023 (USD Million)
Table 11 Professional Services Market Size, By Region, 2016–2023 (USD Million)
Table 12 Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 13 On-Premises: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 14 Cloud: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 15 Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 16 Human Resources: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 17 Education and Research: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 18 Banking, Financial Services, and Insurance: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 19 Government and Defense: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 20 Legal: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 21 Healthcare and Life Sciences: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 22 Real Estate: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 23 Manufacturing and Engineering: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 24 Others: Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 25 Digital Signature Market Size, By Region, 2016–2023 (USD Million)
Table 26 North America: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 27 North America: Digital Signature Market Size, By Solution, 2016–2023 (USD Million)
Table 28 North America: Digital Signature Market Size, By Service, 2016–2023 (USD Million)
Table 29 North America: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 30 North America: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 31 North America: Digital Signature Market Size, By Country, 2016–2023 (USD Million)
Table 32 US: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 33 US: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 34 US: Digital Signature Market Size, By Application, 2016–2023 (USD Million
Table 35 Canada: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 36 Canada: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 37 Canada: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 38 Europe: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 39 Europe: Digital Signature Market Size, By Solution, 2016–2023 (USD Million)
Table 40 Europe: Digital Signature Market Size, By Service, 2016–2023 (USD Million)
Table 41 Europe: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 42 Europe: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 43 Europe: Digital Signature Market Size, By Country, 2016–2023 (USD Million)
Table 44 UK: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 45 UK: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 46 UK: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 47 Germany: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 48 Germany: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 49 Germany: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 50 France: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 51 France: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 52 France: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 53 Rest of Europe: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 54 Rest of Europe: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 55 Rest of Europe: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 56 Asia Pacific: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 57 Asia Pacific: Digital Signature Market Size, By Solution, 2016–2023 (USD Million)
Table 58 Asia Pacific: Digital Signature Market Size, By Service, 2016–2023 (USD Million)
Table 59 Asia Pacific: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 60 Asia Pacific: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 61 Asia Pacific: Digital Signature Market Size, By Country, 2016–2023 (USD Million)
Table 62 China: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 63 China: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 64 China: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 65 Japan: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 66 Japan: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 67 Japan: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 68 South Korea: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 69 South Korea: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 70 South Korea: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 71 Rest of APAC: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 72 Rest of APAC: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 73 Rest of APAC: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 74 Middle East and Africa: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 75 Middle East and Africa: Digital Signature Market Size, By Solution, 2016–2023 (USD Million)
Table 76 Middle East and Africa: Digital Signature Market Size, By Service, 2016–2023 (USD Million)
Table 77 Middle East and Africa: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 78 Middle East and Africa: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 79 Middle East and Africa: Digital Signature Market Size, By Country, 2016–2023 (USD Million)
Table 80 Middle East: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 81 Middle East: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 82 Middle East: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 83 Africa: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 84 Africa: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 85 Africa: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 86 Latin America: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 87 Latin America: Digital Signature Market Size, By Solution, 2016–2023 (USD Million)
Table 88 Latin America: Digital Signature Market Size, By Service, 2016–2023 (USD Million)
Table 89 Latin America: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 90 Latin America: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 91 Latin America: Digital Signature Market Size, By Country, 2016–2023 (USD Million)
Table 92 Brazil: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 93 Brazil: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 94 Brazil: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 95 Mexico: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 96 Mexico: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 97 Mexico: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
Table 98 Rest of Latin America: Digital Signature Market Size, By Component, 2016–2023 (USD Million)
Table 99 Rest of Latin America: Digital Signature Market Size, By Deployment Mode, 2016–2023 (USD Million)
Table 100 Rest of Latin America: Digital Signature Market Size, By Application, 2016–2023 (USD Million)
 
 
List of Figures (33 Figures)
 
Figure 1 Global Digital Signature Market: Research Design
Figure 2 Digital Signature Market: Top-Down and Bottom-Up Approaches
Figure 3 Factor Analysis
Figure 4 North America to Account for the Highest Market Share in 2018
Figure 5 Digital Signature Market Snapshot, By Component, 2018–2023
Figure 6 Digital Signature Market Snapshot, By Solution, 2018
Figure 7 Digital Signature Market Snapshot, By Service, 2018
Figure 8 Digital Signature Market Snapshot, By Deployment Mode, 2018
Figure 9 Digital Signature Market Snapshot, By Application, 2018–2023
Figure 10 Improved Security With a Controlled Seamless Workflow to Drive the Market Growth During the Forecast Period
Figure 11 Banking, Financial Services, and Insurance Application to Have the Highest CAGR During the Forecast Period
Figure 12 Banking, Financial Services, and Insurance Application and North America to Account for the Highest Market Shares in the Digital Signature Market in 2018
Figure 13 Banking, Financial Services, and Insurance Application to Register the Highest Market Share in 2018
Figure 14 Market Investment Scenario: Europe to be the Best Region for Investments During the Forecast Period
Figure 15 Drivers, Restraints, Opportunities, and Challenges: Digital Signature Market
Figure 16 Services Segment to Register a Higher CAGR During the Forecast Period
Figure 17 Software Segment to Register a Higher CAGR During the Forecast Period
Figure 18 Professional Services to Grow at a Higher CAGR During the Forecast Period
Figure 19 Cloud Deployment Mode to Grow at a Higher CAGR During the Forecast Period
Figure 20 Digital Signature Applications
Figure 21 Banking, Financial Services, and Insurance Application to Grow at the Highest CAGR During the Forecast Period
Figure 22 North America to Register the Largest Market Size and  Europe to Grow at the Highest CAGR During the Forecast Period
Figure 23 France to Register the Highest CAGR During the Forecast Period
Figure 24 North America: Market Snapshot
Figure 25 Europe: Market Snapshot
Figure 26 Global Digital Signature Market: Competitive Leadership Mapping, 2018
Figure 27 Adobe: Company Snapshot
Figure 28 SWOT Analysis: Adobe
Figure 29 OneSpan: Company Snapshot
Figure 30 SWOT Analysis: OneSpan
Figure 31 Gemalto: Company Snapshot
Figure 32 SWOT Analysis: Gemalto
Figure 33 SWOT Analysis: Ascertia

The study consists of 4 major activities to estimate the current market size of the digital signature market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with the industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, the market breakup and data triangulation procedures were used to estimate the market size of the segments and sub-segments of the market.

Secondary Research

In the secondary research process, various secondary sources, such as D&B Hoovers and Bloomberg BusinessWeek, have been referred to, for identifying and collecting information for this study. Secondary sources included annual reports; press releases and investor presentations of companies; white papers, certified publications, and articles by recognized authors; gold standard and silver standard websites; regulatory bodies; and databases.

Primary research

Various primary sources from both supply and demand sides of the digital signature market were interviewed to obtain qualitative and quantitative information for this study. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various vendors who provide the digital signature solutions and associated service providers operating in the targeted regions. All possible parameters that affect the market 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.

The following is the breakup of the primary respondents’ profiles:

Digital Signature Market

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

Market Size Estimation

For making market estimates and forecasting the digital signature market and the other dependent submarkets, the top-down and bottom-up approaches were used. The bottom-up procedure was used to arrive at the overall market size of the global digital signature using key companies’ revenue and their offerings in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the market have been identified through extensive secondary research.
  • The market size, in terms of value, has been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

With data triangulation and validation through primary interviews, the exact value of the overall parent market size was determined and confirmed using this study. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.

Report Objectives

  • To define, describe, and forecast the size of the digital signature market by application (Human Resource (HR); education and research; Banking, Financial Services and Insurance (BFSI); government and defense; healthcare and life sciences; legal; real estate; manufacturing and engineering; others comprising retail, transit, energy and utilities, telecom, operations, sales and marketing, pharmaceuticals, and procurement, component (solutions and services), deployment mode (cloud and on-premises), and region (North America, Asia Pacific [APAC], Europe, Latin America, and Middle East and Africa [MEA])
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To strategically analyze the micro markets with respect to individual growth trends, prospects, and contributions to the overall market
  • To study the complete value chain of the digital signature market
  • To analyze opportunities in the market for stakeholders by identifying the high-growth segments of the digital signature ecosystem
  • To strategically profile key players and comprehensively analyze their market position in terms of ranking and core competencies, along with detailing competitive landscape for market leaders
  • To analyze strategic approaches, such as product launches, acquisitions, contracts, agreements, and partnerships, in the market

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 4102
Published ON
Sep, 2019
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