The global signature verification market size reached US$ 2.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 6.6 Billion by 2028, exhibiting a growth rate (CAGR) of 22.0% during 2022-2028.
Signature verification refers to an identity authentication technique that auto validates signatures. It helps save time and prevent human errors, thereby minimizing fraud risks in the authentication process. It also reduces operational costs, authenticates the legal identity of the person, and facilitates the workflow of organizations. As a result, the signature verification technique is extensively used in the government, healthcare, education, and banking, financial services and insurance (BFSI) industries worldwide.
2. What is the expected growth rate of the global signature verification market during 2023-2028?
3. What has been the impact of COVID-19 on the global signature verification market?
4. What are the key factors driving the global signature verification market?
5. What is the breakup of the global signature verification market based on the product type?
6. What is the breakup of the global signature verification market based on the technology?
7. What is the breakup of the global signature verification market based on end use industry?
8. What are the key regions in the global signature verification market?
9. Who are the key players/companies in the global signature verification market?
Signature verification refers to an identity authentication technique that auto validates signatures. It helps save time and prevent human errors, thereby minimizing fraud risks in the authentication process. It also reduces operational costs, authenticates the legal identity of the person, and facilitates the workflow of organizations. As a result, the signature verification technique is extensively used in the government, healthcare, education, and banking, financial services and insurance (BFSI) industries worldwide.
Signature Verification Market Trends:
Rising instances of identity duplication and data theft in various industry verticals represent one of the key factors positively influencing the market. In addition, the increasing adoption of advanced authentication solutions to validate the identification of their customers is strengthening the growth of the market. Apart from this, the increasing transaction frauds and significant data stealing cases reported by healthcare providers, healthcare clearinghouses, and insurance providers are catalyzing the demand for signature verification solutions to prevent imperative information loss. Along with this, the healthcare industry is focusing on promoting e-signatures to prevent misplacement of records or equipment while eliminating possible errors. Additionally, several organizations are increasingly investing in upgrading their data verification processes by adopting dynamic signature verification (DSV). It helps compare signatures as per numerous parameters, such as acceleration, velocity, pressure, and geometrical shape of the biometric sample. Furthermore, the integration of artificial intelligence (AI) technology that enhances the capability of identifying data theft in an efficient manner is contributing to market growth. Moreover, the emerging trend of remote working policy and the widespread adoption of electronic signing across government and private organizations are catalyzing the demand for signature verification software to authenticate business transactions within legal frameworks.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global signature verification market report, along with forecasts at the global, regional, and country level from 2023-2028. Our report has categorized the market based on product type, technology, and end-use industry.Breakup by Product Type:
- Hardware
- Software
Breakup by Technology:
- Static Signature Verification
- Dynamic Signature Verification
Breakup by End Use Industry:
- Education
- Government
- BFSI
- Healthcare
- Transport/Logistics
- Defense and Security
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined with some of the key players being 01 Systems, Ascertia Ltd., Biometric Signature ID, Certify Global Inc., Cyber Signs Ltd., DataVision Software Solutions Pvt. Ltd., Dynasign Corporation, Entrust Datacard Corporation, Hitachi Ltd., iSign Solutions Inc., J.C. Lads Corporation, Odyssey Technologies Limited, Scriptel Corporation and Sutisoft Inc.
Key Questions Answered in This Report
1. What was the size of the global signature verification market in 2022?2. What is the expected growth rate of the global signature verification market during 2023-2028?
3. What has been the impact of COVID-19 on the global signature verification market?
4. What are the key factors driving the global signature verification market?
5. What is the breakup of the global signature verification market based on the product type?
6. What is the breakup of the global signature verification market based on the technology?
7. What is the breakup of the global signature verification market based on end use industry?
8. What are the key regions in the global signature verification market?
9. Who are the key players/companies in the global signature verification market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis
2 Scope and Methodology
4 Introduction
5 Global Signature Verification Market
6 Market Breakup by Product Type
7 Market Breakup by Technology
8 Market Breakup by End Use Industry
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 01 Systems
- Ascertia Ltd.
- Biometric Signature ID
- Certify Global Inc.
- Cyber Signs Ltd.
- DataVision Software Solutions Pvt. Ltd.
- Dynasign Corporation
- Entrust Datacard Corporation
- Hitachi Ltd.
- iSign Solutions Inc.
- J.C. Lads Corporation
- Odyssey Technologies Limited
- Scriptel Corporation and Sutisoft Inc.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 148 |
| Published | November 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2 Billion |
| Forecasted Market Value ( USD | $ 6.6 Billion |
| Compound Annual Growth Rate | 22.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 13 |
