Digital Signature Market by Component, Deployment Type, Industry Vertical - Global Opportunity Analysis and Industry Forecast, 2014-2022

  • ID: 4176082
  • Report
  • Region: Global
  • 180 pages
  • Allied Analytics LLP
1 of 5

FEATURED COMPANIES

  • Adobe Systems, Inc.
  • Ascertia
  • DocuSign
  • Entrust Datacard Group
  • eSignLive by VASCO
  • Gemalto N.V.
  • MORE
Digital Signature Market by Component (Hardware, Software, Services), Deployment Type (On-premises, Cloud-based), Industry Vertical (BFSI, Education, Human Resource, IT & Telecommunication, Government, Healthcare & Life Science, Real Estate)

Digital signature is a mathematical technique, which is used to prove the authenticity of an electronic document or message such as e-mails, word file, PDF, and others. It is considered equivalent to handwritten signature, which implies that a message sent with a valid digital signature has similar attributes as that of handwritten signature and cannot be denied by the sender. Furthermore, digital signature is a part of electronic signature, which uses public key infrastructure (PKI) for data encryption and decryption. PKI is a set of policies, roles, and procedures that facilitates the authenticated and secured electronic transfer of data for various network activities such as internet banking, e-commerce, and other internal activities. In addition, cryptocurrency is a digital asset used as a medium of exchange to secure the transactions and avoid excessive creation of additional currency units. It reduces the time of operation & use of paper-ink as well as increases the operation competency of processes. It secures truncation from end-to-end, and offers data control, integrity, and transparency.

The global digital signature market is driven by factors such as technological advancements, increased penetration of smartphones, surge in online transactions, low costs of cloud computing platforms, and high penetration of internet worldwide. The other contributing factors include high acceptance of digital signatures in internal processes or communication in enterprises, enhanced operational efficiency, reduced turnaround time, and reduction in costs due to implementation of digital signatures, and growing need for data security and authentication on account of increase in cyber-attacks. However, resistance to adapt the existing applications or systems for the implementation of digital signatures and heavy investment hamper the market growth. Nevertheless, innovation in technology, increase in adoption of hybrid platforms, and new legislations promoting the use of digital signature are expected to supplement the market growth during the forecast period.

The global digital signature market is segmented on the basis of component, deployment type, industry vertical, and geography. Based on the type of component, the global digital signature industry is segmented into hardware, software, and services. Based on the deployment type, the market broadly categorized into on-premise and cloud-based. According to the industry vertical, digital signature industry is segmented into BFSI (banking, financial services, and insurance), education, government, healthcare & life science, IT & telecommunication, real estate, human resource, and others. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.

KEY BENEFITS

In-depth analysis of the global digital signature market is provided in the report to understand the market dynamics.
Quantitative analysis of the current trends and future estimations for the period of 2014-2022 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
Porter’s Five Forces analysis examines the competitive structure of the digital signature industry, and provides a clear understanding of the factors that influence the market entry and expansion.
A detailed analysis of the geographical segments enables identification of profitable segments.
Comprehensive analyses of the trends, sub-segments, and key revenue pockets are provided in the report.
Detailed analyses of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
Profile analyses of leading players operating in the digital signature industry are provided in the report, which highlight the major developmental strategies adopted by these companies such as mergers & acquisitions, expansions, and new product launches.

KEY MARKET SEGMENTS

By component

Hardware
Software
Services

By deployment type

On-premises
Cloud-based

By industry vertical

BFSI
Education
Human resource
IT & telecommunication
Government
Healthcare & life science
Real estate
Others

By Geography

North America
Europe
Asia-Pacific
LAMEA
READ MORE
Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Adobe Systems, Inc.
  • Ascertia
  • DocuSign
  • Entrust Datacard Group
  • eSignLive by VASCO
  • Gemalto N.V.
  • MORE
Chapter 1 Introduction

1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology

1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
1.4.4. Market Segmentation

Chapter 2 Executive Summary

2.1. CXO Perspective

Chapter 3 Market Overview

3.1. Market Definition And Scope
3.2. Key Findings

3.2.1. Top Winning Strategies
3.2.2. Top Investment Pockets

3.3. Porters Five Forces Analysis

3.3.1. Moderate Bargaining Power Of Buyers Due To High Switching Costs
3.3.2. Moderate Bargaining Power Of Suppliers Due To Presence Of Intense Competition
3.3.3. High Degree Of Competition Due To Presence Of Large Number Of Players
3.3.4. Moderate Threat Of New Entrants Due To High Initial Investments And Continuous Innovation
3.3.5. High Threat Of Substitute Due To High Appreciation For Biometric Technology

3.4. Market Share Analysis, 2015
3.5. Market Dynamics

3.5.1. Drivers

3.5.1.1. Enhanced Operational Efficiency Leads To Reduction In Costs
3.5.1.2. High Acceptance Of Digital Signatures In Internal Processes Or Communication In Enterprises
3.5.1.3. Growing Need For Data Security And Authentication Owing To Increase In Cyber Attacks

3.5.2. Restraints

3.5.2.1. Resistance In Variation Of Existing Applications Or Systems
3.5.2.2. High Cost Of Investment

3.5.3. Opportunities

3.5.3.1. Innovation In Technology
3.5.3.2. Increase In Adoption Of Cloud Based Solutions
3.5.3.3. New Legislations Promoting The Use Of Digital Signature

3.5.4. Top Impacting Factors

Chapter 4 Global Digital Signature Market, By Component

4.1. Market Overview
4.2. Hardware

4.2.1. Key Market Trends
4.2.2. Key Growth Factors And Opportunities
4.2.3. Market Size And Forecast

4.3. Software

4.3.1. Key Market Trends
4.3.2. Key Growth Factors And Opportunities
4.3.3. Market Size And Forecast

4.4. Services

4.4.1. Key Market Trends
4.4.2. Key Growth Factors And Opportunities
4.4.3. Market Size And Forecast

Chapter 5 Global Digital Signature Market, By Deployment Type

5.1. Overview
5.2. On-Premise

5.2.1. Key Market Trends
5.2.2. Key Growth Factors And Opportunities
5.2.3. Market Size And Forecast

5.3. Cloud-Based

5.3.1. Key Market Trends
5.3.2. Key Growth Factors And Opportunities
5.3.3. Market Size And Forecast

Chapter 6 Global Digital Signature Market, By Industry Verticals

6.1. Overview
6.2. Banking, Financial Services, And Insurance (Bfsi)

6.2.1. Key Market Trends
6.2.2. Key Growth Factors And Opportunities
6.2.3. Market Size And Forecast

6.3. Education

6.3.1. Key Market Trends
6.3.2. Key Growth Factors And Opportunities
6.3.3. Market Size And Forecast

6.4. Human Resource

6.4.1. Key Market Trends
6.4.2. Key Growth Factors And Opportunities
6.4.3. Market Size And Forecast

6.5. It & Telecommunication

6.5.1. Key Market Trends
6.5.2. Key Growth Factors And Opportunities
6.5.3. Market Size And Forecast

6.6. Government

6.6.1. Key Market Trends
6.6.2. Key Growth Factors And Opportunities
6.6.3. Market Size And Forecast

6.7. Healthcare & Life Science

6.7.1. Key Market Trends
6.7.2. Key Growth Factors And Opportunities
6.7.3. Market Size And Forecast

6.8. Real Estate

6.8.1. Key Market Trends
6.8.2. Key Growth Factors And Opportunities
6.8.3. Market Size And Forecast

6.9. Others (Legal Services And Manufacturing)

6.9.1. Key Market Trends
6.9.2. Key Growth Factors And Opportunities
6.9.3. Market Size And Forecast

Chapter 7 Digital Signature Market, By Geography

7.1. Overview
7.2. North America

7.2.1. Key Trends
7.2.2. Key Growth Factors And Opportunities
7.2.3. Market Size And Forecast
7.2.4. U.S.

7.2.4.1. Market Size And Forecast

7.2.5. Canada

7.2.5.1. Market Size And Forecast

7.2.6. Mexico

7.2.6.1. Market Size And Forecast

7.3. Europe

7.3.1. Key Market Trends
7.3.2. Key Growth Factors And Opportunities
7.3.3. Market Size And Forecast
7.3.4. Uk

7.3.4.1. Market Size And Forecast

7.3.5. Germany

7.3.5.1. Market Size And Forecast

7.3.6. France

7.3.6.1. Market Size And Forecast

7.3.7. Italy

7.3.7.1. Market Size And Forecast

7.3.8. Spain

7.3.8.1. Market Size And Forecast

7.3.9. Rest Of Europe

7.3.9.1. Market Size And Forecast

7.4. Asia-Pacific

7.4.1. Key Market Trends
7.4.2. Key Growth Factors And Opportunities
7.4.3. Market Size And Forecast
7.4.4. China

7.4.4.1. Market Size And Forecast

7.4.5. India

7.4.5.1. Market Size And Forecast

7.4.6. Japan

7.4.6.1. Market Size And Forecast

7.4.7. Australia

7.4.7.1. Market Size And Forecast

7.4.8. Rest Of Asia-Pacific

7.4.8.1. Market Size And Forecast

7.5. Lamea

7.5.1. Key Market Trends
7.5.2. Key Growth Factors And Opportunities
7.5.3. Market Size And Forecast
7.5.4. Latin America

7.5.4.1. Market Size And Forecast

7.5.5. Middle East

7.5.5.1. Market Size And Forecast

7.5.6. Africa

7.5.6.1. Market Size And Forecast

Chapter 8 Company Profiles

8.1. Ascertia

8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Business Performance
8.1.4. Key Strategic Moves & Developments

8.2. Adobe Systems, Inc.

8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Business Performance
8.2.4. Key Strategic Moves & Developments

8.3. Docusign

8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Business Performance
8.3.4. Key Strategic Moves & Developments

8.4. Entrust Datacard Group

8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Business Performance
8.4.4. Key Strategic Moves & Developments

8.5. Esignlive By Vasco

8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Business Performance
8.5.4. Key Strategic Moves & Developments

8.6. Gemalto N.V.

8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Business Performance
8.6.4. Key Strategic Moves & Developments

8.7. Identrust Inc.

8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Business Performance
8.7.4. Key Strategic Moves & Developments

8.8. Kofax Limited (A Lexmark Company)

8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Business Performance
8.8.4. Key Strategic Moves & Developments

8.9. Rpost Technologies

8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Business Performance
8.9.4. Key Strategic Moves & Developments

8.10. Secured Signing Limited

8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Business Performance
8.10.4. Key Strategic Moves & Developments
Note: Product cover images may vary from those shown
3 of 5

Loading
LOADING...

4 of 5

FEATURED COMPANIES

  • Adobe Systems, Inc.
  • Ascertia
  • DocuSign
  • Entrust Datacard Group
  • eSignLive by VASCO
  • Gemalto N.V.
  • MORE
Digital Signature Market Report, states that the global market size was valued at $517 million in 2015, and is expected to reach $3,440 million by 2022. The software segment is expected to dominate the global market during 2016-2022. The digital signature industry in North America accounted for 38% share of the global market in 2014, while the European market is expected to witness significant growth rate during the forecast period.

Digital signature is a mathematical technique, which is used to prove the authenticity of an electronic document or message such as e-mails, word file, PDF, and others. Digital signature is used in enterprises to increase operational competency, reduce turnaround time, reduce upfront cost, and improve efficiency. Furthermore, increase in smartphone penetration, surge in online transactions for banking, e-commerce, and other activities, and aggrandized need for data security & authentication have fueled the market growth. However, resistance to adapt existing applications or systems to implement digital signature and high costs of investment hamper the market growth.

The cloud-based segment dominated the global digital signature industry in 2014, with around 66% share. However, the on-premises deployment is preferred among various international & national banking, financial institutions, and government organizations, which require complete control over data. However, the cloud based segment is anticipated to grow at the highest growth rate during the forecast period, owing to its ease of availability and low cost of deployment.

The banking, financial services, & insurance (BFSI) and government segments jointly accounted for around 39% share of the total market revenue, while the BFSI segment is anticipated to grow at the highest CAGR of 31.5% during the forecast period. The government digital signature market is expected to grow at the second highest CAGR of 30.9% during the forecast period, owing to the introduction of various supportive legislations for adopting digital signature, reduction in extensive paper-ink usage, and surge in digitization, worldwide.

Key Findings of the Digital Signature Market:

The software segment dominated the overall digital signature market, in terms of revenue, and is projected to grow at a CAGR of 30.7% during the forecast period.
The cloud-based digital signature market dominated the global market in 2014, and is anticipated to grow at the highest CAGR from 2016 to 2022.
The hardware segment generated the maximum revenue in 2014, and is anticipated to grow at a CAGR of 28.8%.
The BFSI segment generated the highest revenue in 2014, and is estimated to maintain its dominance during the forecast period.
In 2014, North America was the dominant region. Europe is projected to grow at the highest CAGR, with the UK market being the major contributor.
Note: Product cover images may vary from those shown
5 of 5
  • Ascertia
  • Adobe Systems, Inc.
  • DocuSign
  • Entrust Datacard Group
  • eSignLive by VASCO
  • Gemalto N.V.
  • IdenTrust Inc.
  • Kofax Limited (A Lexmark Company)
  • RPost Technologies
  • Secured Signing Limited
Note: Product cover images may vary from those shown
6 of 5
Note: Product cover images may vary from those shown
Adroll
adroll