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:
Competitive Landscape
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:
Digital Transaction Management by End User:
Digital Transaction Management by Vertical:
Digital Transaction Management by Region:
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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The post Digital Transaction Management Market is expected to grow with a 31.7% CAGR during 2022 to 2032 appeared first on Future Market Insights.