From 2023 to 2033, the Digital Signature Market is Anticipated to grow at a CAGR of 24.3%
Digital Software Signature Market
Digital signature sales are projected to reach US$ 46,581.4 Million by the end of 2033, from an expected global demand of US$ 4,300.2 Million in 2022. The market for digital signatures is expected to reach US$ 5,276.3 million by 2023 and grow at a CAGR of 24.3% from 2023 to 2033.
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A digital signature is an electronic signature that is used to confirm the sender’s or authenticator’s identity and to ensure that the message’s or document’s original content has not been changed. It combines public key cryptography with hashing operations to achieve this.
The digital signature market refers to the industry that provides digital signature solutions to individuals and organizations. Digital signatures are electronic signatures that are used to verify the authenticity and integrity of digital documents and transactions. They are used in a variety of industries such as finance, healthcare, government, and legal.
The digital signature market is driven by several factors, including the increasing adoption of electronic transactions and the need for secure and reliable digital signatures to prevent fraud and cyber threats. The market is also fueled by government regulations that require digital signatures for certain transactions.
The digital signature market can be segmented by solution, deployment type, industry, and region. Solutions in the digital signature market include software, hardware, and services. Deployment types include on-premise and cloud-based solutions. Industries using digital signature solutions include banking, financial services and insurance (BFSI), healthcare, government, and others.
North America is currently the largest market for digital signature solutions, followed by Europe and Asia-Pacific. The Asia-Pacific region is expected to see significant growth in the coming years due to the increasing adoption of digital signature solutions in countries such as China and India.
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Competitive Landscape
The digital signature industry is highly competitive, with a number of established companies and start-ups offering a variety of solutions. New players are entering the market all the time. As the use of digital signatures continues to grow, it is likely that the competitive landscape will evolve and change over time.
- In January 2020, IFS, a provider of wealth management automation solutions, collaborated with SIGNiX Inc. to streamline the digital signature process. This collaboration provides the wealth management industry with the highest layers of protection, functionality, performance, and overall digital enablement.
- In March 2021, OneSpan, Inc. collaborated with Belgium mobile ID (itsme) to integrate Qualified E-Signatures by approving certificate-based digital IDs that validate signers’ identities (QES). This collaboration gives clients the ability to work with even more TSPs while maintaining the highest levels of signer authorization compliance and assurance.
Key Players:
- OneSpan
- Adobe Inc.
- Zoho Corporation
- RightSignature
- SERTIFI Inc.
- IdenTrust, Inc.
- Entrust Datacard Corporation
- Nitro Software, Inc.
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Key Segments of Digital Signature Market Research
By Component:
- Software
- Services
By End-user:
- Consumer
- Enterprise
By Industry:
- BFSI
- Defense
- Government
- Retail & Consumer Goods
- Healthcare
- Education
- IT & Telecom
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East and Africa (MEA)
About the Electronics, Semiconductors, and ICT Division at Persistence Market Research
Expert analysis, actionable insights, and strategic recommendations – the Electronics, Semiconductor, and ICT team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs. With a repository of over 500 reports on electronics, semiconductors, and ICT, of which, 100+ reports are specific for ICT, the team provides end-to-end research and analysis on regional trends, drivers for market growth, and research development efforts in the electronics, semiconductor, and ICT industry.
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