Adobe (US) and OneSpan (US) are leading players in Digital Signature Market
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. Rising investments on electronic documents by governments and enterprises, and improved security with a controlled and seamless workflow are expected to drive the digital signature market growth.
The digital signature is a type of electronic signature that uses an encrypted digital certificate to authenticate the identity of the signer. It is created by generating a hash (message digest) against the data and then encrypting this digest using the cryptography (public or private key). This signature is then appended to the data to ensure data authenticity and identify the sender uniquely. Digital signature solutions offer great benefits, such as cost-effectiveness, easy deployment, paperless processes, security, and single management facility across all endpoint devices.
Major vendors of digital signature include Adobe (US), OneSpan (US), Gemalto (Netherlands), Ascertia (UK), DocuSign (US), Entrust Datacard (US), SIGNiX (UK), Secured Signing (New Zealand), Identrust (US), RPost Technologies (US), HelloSign (US), MultiCert (Lisbon), GlobalSign (US), RightSignature (US), Zoho Corp (India), and Kofax (US).
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Adobe was founded in 1982 and is headquartered in California, US. Adobe is a multinational software company. The company has 3 major business segments, namely, digital marketing, digital media, and print and publishing. Its solutions help end users collaborate, store, and manage their content, audio and video files, and documents in a convenient manner. In June 2018, Adobe enhanced its product, Adobe Sign. Adobe Sign was integrated with Microsoft Office 365 to enable real-time access to digital signatures.
DocuSign was founded in 2003 and is headquartered in California, US. The company specializes in Digital Transaction Management (DTM), workflow automation, electronic signature solutions, and Contract Lifecycle Management. DocuSign offers the DTM platform, and eSignatures solutions and services. The company also offers DTM via cloud software to assist individuals and organizations digitally for managing security approvals, decisions, contracts, and workflows. DocuSign offers products in 43 languages. 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.
Related Reports:
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
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