The Digital Transaction Management (DTM) market refers to the use of digital technologies to manage the process of creating, signing, executing, and storing electronic contracts and other transaction-related documents. The DTM market has grown significantly in recent years due to the increasing demand for digital transformation, rising number of digital transactions, and the need for efficient, secure, and cost-effective methods of conducting business. Key players in the DTM market include Adobe Sign, DocuSign, HelloSign, and Nitro, among others.
During the forecast period of 2022–2032, the global market for digital transaction management is anticipated to grow quickly at a CAGR of 31.7%. The market is anticipated to grow and reach a global market valuation of US$3,129 Million in 2022. The digital transaction management market is anticipated to reach US$ 47,170 Million by 2032 in light of this accelerating growth and the expanding demand on the global market.
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DTM solutions are anticipated to make up about 45% of the global document management market. The main force behind market growth is the rising use of digital transformation technology. DTM is a part of cloud services that was created specifically to handle transactions based on digital documents.
Digital transaction management offers numerous advantages to businesses, including collaborative document management and process optimization for better client experiences. Businesses can employ DTM solutions in a range of departments, such as HR, finance, sales, IT, legal, and procurement.
Key Takeaways:
- Profitability associated with the adoption of digital transaction management facilitates market growth.
- Risk of cyber attacks and security breaches may hinder the market growth.
- By component type, the solution category is expected to dominate the market.
- In 2022, the large enterprises subsegment will hold about 34.5% of the market share.
- BFSI sector will acquire 22.5% of the market share by the end of 2022.
- Presence of major key players to drive the market growth in North America.
- The Asia Pacific digital transaction management market will record a CAGR of 31%.
Competitive Landscape
- Adobe Systems Incorporated,
- Namirial SPA,
- DocuSign Inc.,
- Nintex Global Ltd.,
- HELLOSIGN,
- ZorroSign, Inc.,
- AssureSign LLC,
- ThinkSmart LLC.,
- Kofax, Inc.,
- eOriginal, Inc.,
- OneSpan,
- Mitek,
Entrust Datacard Corporation, and DocuFirst., and others are some of the major players in the digital transaction management market profiled in the full version of the report.
Major market players are focusing on product enhancements by releasing new features. Strategic collaborations, mergers, and acquisitions are also deployed by these businesses.
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Key Segments Covered In the Digital Transaction Management Market Report
Digital Transaction Management Market by Component:
- Solutions
- Services
Digital Transaction Management by End User:
- Large Enterprises
- Small and Midsize Business
Digital Transaction Management by Vertical:
- Retail
- BFSI
- Healthcare
- IT & Telecommunication
- Travel & Transportation
- Manufacturing
- Government
- Others
Digital Transaction Management by Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- China
- Japan
- SEA & Others of Asia Pacific
- Middle East & Africa
Table of Content
1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Definition
2.2. Market Taxonomy
3. Market Background
3.1. Macro-Economic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Value Chain
3.4. Market Dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunity
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