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.
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 deployment type
By industry vertical
IT & telecommunication
Healthcare & life science
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
22.214.171.124. Enhanced Operational Efficiency Leads To Reduction In Costs
126.96.36.199. High Acceptance Of Digital Signatures In Internal Processes Or Communication In Enterprises
188.8.131.52. Growing Need For Data Security And Authentication Owing To Increase In Cyber Attacks
184.108.40.206. Resistance In Variation Of Existing Applications Or Systems
220.127.116.11. High Cost Of Investment
18.104.22.168. Innovation In Technology
22.214.171.124. Increase In Adoption Of Cloud Based Solutions
126.96.36.199. 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
4.2.1. Key Market Trends
4.2.2. Key Growth Factors And Opportunities
4.2.3. Market Size And Forecast
4.3.1. Key Market Trends
4.3.2. Key Growth Factors And Opportunities
4.3.3. Market Size And Forecast
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
5.2.1. Key Market Trends
5.2.2. Key Growth Factors And Opportunities
5.2.3. Market Size And Forecast
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
6.2. 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
6.3.1. 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
6.6.1. 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
7.2. North America
7.2.1. Key Trends
7.2.2. Key Growth Factors And Opportunities
7.2.3. Market Size And Forecast
188.8.131.52. Market Size And Forecast
184.108.40.206. Market Size And Forecast
220.127.116.11. Market Size And Forecast
7.3.1. Key Market Trends
7.3.2. Key Growth Factors And Opportunities
7.3.3. Market Size And Forecast
18.104.22.168. Market Size And Forecast
22.214.171.124. Market Size And Forecast
126.96.36.199. Market Size And Forecast
188.8.131.52. Market Size And Forecast
184.108.40.206. Market Size And Forecast
7.3.9. Rest Of Europe
220.127.116.11. Market Size And Forecast
7.4.1. Key Market Trends
7.4.2. Key Growth Factors And Opportunities
7.4.3. Market Size And Forecast
18.104.22.168. Market Size And Forecast
22.214.171.124. Market Size And Forecast
126.96.36.199. Market Size And Forecast
188.8.131.52. Market Size And Forecast
7.4.8. Rest Of Asia-Pacific
184.108.40.206. Market Size And Forecast
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
220.127.116.11. Market Size And Forecast
7.5.5. Middle East
18.104.22.168. Market Size And Forecast
22.214.171.124. Market Size And Forecast
Chapter 8 Company Profiles
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
8.3.1. 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
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.
- Adobe Systems, Inc.
- Entrust Datacard Group
- eSignLive by VASCO
- Gemalto N.V.
- IdenTrust Inc.
- Kofax Limited (A Lexmark Company)
- RPost Technologies
- Secured Signing Limited
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.