Digital Signature Market 2021: Services Types, Applications, Services, New Technologies, Emerging Trends and Forecast to 2025
Global digital signature market is projected to grow 5 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 32.0% during the forecast period. Government initiatives and transition toward digitalization to drive the overall market growth.
Dallas, United States – May 31, 2021 /MarketersMedia/ —
The digital signature market is gaining popularity with the growing digital environment comprising of transactions and various industrial activities conducted online or via digital platforms. Digital signatures are successfully replacing the conventional signature format requiring handwritten signatures. Digital signatures are considered to the replica of handwritten signatures with added complexity to tampering which is much easier in case of handwritten signatures. Modification of a paper-oriented document which is signed is highly capable f undergoing certain modifications, but in case of digital signature manipulations are virtually impossible attributing elevated authenticity of data. digital signature thus ensures a controlled and seamless workflow gaining successive demand.
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Paper-based documents are gradually losing significance owing to their perishable nature and higher susceptibility to being lost, exposed to human error and manipulation when compared to the digital alternatives. Digital copies and digital information in different forms including audios and photos are considered to be highly secure and easy to trace thereby acquiring a growing demand for digital signature. Data of digital-orientation can be efficiently secured with the help of a
digital signature and copyrights which are considered to be responsible for the growth of the global digital signature market. Increasing penetration of the internet industry delivering improved internet speed and increasing adoption of mobiles and internet-connected smart devices is resulting in a substantial growth in demand for cloud-enabled security services, solutions and technologies. Cloud technology is considered to expose the global digital signature market to numerous opportunities.
Digital signature solutions enable complete automation of business processes thereby proposing digital transformation.
Along with this, users also demand a streamlined, easy-to-use process workflow delivering flexible accessibility coupled with higher security in compliance with standards, rules and regulations set by the particular government. Thus, Digital signature plays a crucial role in business transaction processes by providing security and enhancing trust. However, the biggest challenge for the global digital signature market is compliance with constantly changing rules and regulations varying geographically. Furthermore, conventional business model is very intricate including the need to route documents signed by the necessary signatories and additional modifications which is a time-consuming process. Following and/or introducing a business process to avoid the traditional method is hindering the growth of the global digital signature market.
The major players of the global digital signature market are Adobe, Gemalto, Ascertia, OneSpan, DocuSign, Entrust Datacard, Secured Signing, Identrust, SIGNiX, Kofax, RPost Technologies, and more. The digital signature market is fragmented with the existence of well-known global and domestic players across the globe.
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Some Major Points From TOC:
Chapter 1 Introduction
Chapter 2 Research Methodology
Chapter 3 Executive Summary
Chapter 4 Market Outlook
Chapter 5 Digital Signature Market by Component
Chapter 6 Digital Signature Market by Deployment
Chapter 7 Digital Signature Market by Application
Chapter 8 Digital Signature Market By Region
Chapter 9 Competitive Landscape
Chapter 10 Company Profiles
10.1 Adobe
10.2 Gemalto
10.3 Ascertia
10.4 OneSpan
10.5 DocuSign
10.6 Entrust Datacard
10.7 Secured Signing
10.8 Identrust
10.9 SIGNiX
10.10 Kofax
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