The market for digital signatures is expected to reach US$ 17.5 billion by 28.5% CAGR over the forecast period. In the upcoming years, the market expansion is probably going to be fueled by increasing backing from several governments. In 2022, it’s anticipated that the sector would generate US$ 2.7 billion.
The global market for digital signatures is expanding quickly because they are more dependable and secure than previous kinds of electronic signatures. The usage of digital signatures in several applications, such as financial transactions, contract management software, software distribution, etc., is also fostering the market’s expansion. But in undeveloped and underdeveloped nations, lax government restrictions and data protection laws may severely limit industry expansion.
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The government of several nations has been urged to invest in the sector as a result of the growing significance of digital signatures, which is anticipated to be good for the market. The market for commercial satellite imaging worldwide is projected to have lucrative potential in the deployment segment. The budgets for digital signatures are changing significantly in several emerging economies, creating attractive prospects for market participants.
Key Takeaways:
- The global digital signature market is to experience a CAGR of 20.6% from 2022 to 2030.
- By deployment, the on-premises segment is expected to record a 16.2% CAGR by 2032.
- By Industry Vertical, the BFSI segment is to expand at a 21.1% growth rate during the forecast period.
- The U.S. market to garner US$ 7.5 Billion and record a 21.6% CAGR from 2022-2032.
- Market in China to procure US$ 1.8 Billion, expanding at a 22.9% growth rate during the assessment period.
Competitive Landscape
Key players in the global commercial satellite imaging market are Adobe Systems, Ascertia, Docusign Inc., Entrust Datacard Corporation, and SIGNiX among others. Recent developments among key players are:
- In May 2021, Entrust Datacard Corporation launched its remote signing service (RSS) solution, to enable trust for increasingly dispersed workforces, by integrating high-assurance, verifiable employee signature capabilities into document apps and workflows. The requirement to support new remote business scenarios has grown as enterprises move to the cloud and their workforces become more widespread.
- In February 2020, Secured Signing Limited released new improvements to the signing processes and account reporting, to save workflow settings for individual forms, thereby enabling users to send out templates faster. The new enhancements include template workflow setting, integration with the JobAdder software platform, and enhancements to the platform integrated with Salesforce.com
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global Digital Signature Market presenting a historical analysis from 2015 to 2021 and forecast statistics for the period of 2022-2032.
Key Segments Covered in the Digital Signature Market Report
By Deployment
- Cloud-based Digital Signature
- On-Premises Digital Signature
By Industry Vertical
- Digital Signature for BFSI
- Digital Signature for Real Estate
- Digital Signature for Education
- Digital Signature for Government
- Digital Signature for Healthcare
- Digital Signature for Retail
- Digital Signature for Transportation
- Digital Signature for Legal Processes
- Digital Signature for Other Verticals
By Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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