Global E-Signature Market Size, Share, Development, Growth and Demand Forecast to 2023

  • ID: 4340264
  • Report
  • Region: Global
  • 144 pages
  • P&S Market Research
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Market Overview

Electronic signature (E-signature) refers to signatures in electronic form, which helps in speeding up the documentation processes and making them secure. The global e-signature market has been categorized on the basis on deployment mode, type, and use case. On the basis of type of e-signature, the market has been generating highest revenue from public key infrastructure, while username and pin, signature pad at POS, clickwrap and voices signature are the other major types of e-signature. Based on key deployment modes, cloud based e-signature has been the dominant category. Among the use case of e-signature, unmediated accounts for the major revenue in the global market.

Market for e-signature is gaining interest with its growing requirement by leaders across industries, who need to use signature for reducing deception and highly security encrypted documents within shorts timeframe.

Market Dynamics

The global e-signature market is expected to grow at a CAGR of 34.7% during the forecast period, to reach $9,073.1 million by 2023. A significant growth in demand for e-signature is anticipated due to surging security concern among enterprises, growing government focus towards eliminating paperless work coupled with growing e-commerce market and increasing online transactions across the globe.

Growth Drivers

The global e-signature market is driven by factors such as increasing demand for security, workflow efficiency and supply chain enhancement in corporate, supportive legislations for the e-signature market and increasing online documentation processes.

With the growing modernization of corporates, the need for document authentication has surged significantly in the recent past. The documentation process in organizations and institutions have been digitizing at a fast rate globally, owing to the benefits imparted by this technology. This has been encouraging the corporates to deploy e-signature solutions in their work processes. E-signatures are one of the identity and access management (IAM) solutions that impart multiple benefits. E-signatures reduce the chances of human errors during crucial financial transactions. The electronically signed documents ensure that the agreed procedures have to be followed with the negligence of ad-hoc transactions. Apart from its security features, e-signatures also speeds-up the payment and transaction processes by automating factors that can affect the cash management.

E-signatures with their role in supply chain have been further creating demand in the corporate sphere. Though e-signature makes the supply chain of corporates efficient by operational cost reduction, and improvement in working capital management.

Furthermore, the increasing penetration of internet and cloud computing has enabled the consumers as well as companies to make deals online, which requires authorization of both the parties. This has been fueling the e-signature market globally. The growth in online financial transactions is one of the examples of increasing documentations over the web. The developed countries, such as the U.S., are witnessing more rapid growth in online banking transactions, owing to their advanced internet infrastructure.

Opportunities

Growth prospects offered by Australia and increasing adoption of e-signature based on Software as a Service (SaaS) delivery model are the major opportunity that are expected to drive the future growth of the global e-signature market.

Australia is one of the key countries for e-signature market globally. The positive opinion of Australian business owners about e-signature technology is expected to drive the market in the country. In addition, according to Australian law on e-signature, electronic signatures are a valid way of executing agreements.

In addition, increasing demand of cloud deployment of e-signature is a key reason for the surging popularity of software as a service (SaaS) delivery model based e-signature deployment. SaaS deployments are mostly preferred for transactions that are low in value and less complex. The ease of implementation of SaaS delivery model based e-signature service is the major factor for its popularity. SaaS based e-signature are also becoming popular in sales, human resources, and legal departments of a company that need signatures of external parties most frequently.

Competitive Landscape

The intensity of rivalry in the global e-signature market is moderate. Most of the major vendors in the global e-signature market are actively focusing on research & development to enhance the security feature of their products. They are also focusing on product launch and partnerships to enhance the product feature and expand their consumer base across the globe. For instance, DocuSign, Inc. announced a strategic partnership with IBM to advance digital trust across organizations of every size and industry by embedding eSignature and Digital Transaction Management (DTM) functionality into IBM’s software and services. In addition, AssureSign introduced a new feature that enables users to send documents for electronic signatures via SMS text message, which helps simplifying the way of secure communication for major enterprises and small companies. The company also developed this feature due to high demand from its customers across multiple industries, including insurance, legal, and telecommunications. Recently, AssureSign announced to open data center in Canada to serve local clientele. The center offers electronic signature software-as-a-service solution and has the ability to initiate, sign, and store all their e-signature data.

Some of the key players operating in the global e-signature market are Adobe Systems Inc., Docusign Inc., RPost, SIGNiX Inc., Citrix Systems Inc., SSL Europa France SAS, AssureSign LLC, Sertifi Inc. and Gemalto NV.

Scope for Customization

Customization is offered as per specific business requirements of clients. Illustrative customization within the scope of this report includes:
  • Period of Analysis - Increase in the study period, including historic and forecast years
  • Company Profiles - Wider company coverage in terms of detailed analysis or additional company profiles
  • By Type - The Others under this segmentation can be further broken down into individual segments.
  • New custom report - A completely customized report can be provided on the market, specific to a region/ country/ segment.
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1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.3.1 Market Breakdown By Deployment
1.3.2 Market Breakdown By Type
1.3.3 Market Breakdown By Use-Case
1.3.4 Market Breakdown By Geography
1.3.5 Analysis Period
1.3.6 Market Data Reporting Unit
1.3.6.1 Value
1.4 Key Stakeholders

2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.2.1 Breakdown Of Primary Research Respondents
2.2.1.1 By Region
2.2.1.2 By Industry Participants
2.2.1.3 By Company Type
2.3 Market Size Estimation
2.4 Market Breakdown And Data Triangulation
2.5 Assumptions For The Study

3. Executive Summary

4. Introduction
4.1 Market Segmentation
4.1.1 E-Signature, By Deployment Mode
4.1.1.1 Cloud Based
4.1.1.2 On-Premises
4.1.2 Overview By Type
4.1.2.1 Public Key Infrastructure (Pki)
4.1.2.2 Username And Pin
4.1.2.3 Signature Pad At Pos
4.1.2.4 Clickwrap
4.1.2.5 Voices Signature
4.1.2.6 Others
4.1.3 E-Signature, By Use Case
4.1.3.1 Unmediated
4.1.3.2 Mediate
4.1.3.3 Third Party
4.1.3.4 Internal
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increasing Demand For Security, Workflow Efficiency And Supply Chain Enhancement In Corporates
4.2.1.2 Legislative Support To The E-Signature Technology
4.2.1.3 Increasing Online Documentation Processes
4.2.1.4 Impact Analysis Of Drivers On Market Forecast
4.2.2 Restraints
4.2.2.1 Lack Of Cross Border Standardization In Directives And Laws For E-Signature
4.2.2.2 High Cost Of E-Signature Software Licenses
4.2.2.3 Impact Analysis Of Restraints On Market Forecast
4.2.3 Opportunities
4.2.3.1 Australia Emerging As A Potential E-Signature Market
4.2.3.2 Increasing Adoption Of E-Signature Based On Saas Delivery Model
4.3 Porter’S Five Forces Analysis
4.3.1 Bargaining Power Of Buyers
4.3.2 Bargaining Power Of Suppliers
4.3.3 Threat Of New Entrants
4.3.4 Intensity Of Rivalry
4.3.5 Threat Of Substitutes

5. Market Size And Forecast By Type
5.1 Global E-Signature Market For Pki
5.1.1 Global E-Signature Market For Pki, By Region
5.2 Global E-Signature Market For Username And Pin
5.2.1 Global E-Signature Market For Username And Pin, By Region
5.3 Global E-Signature Market For Signature Pad At Pos
5.3.1 Global E-Signature Market For Signature Pad At Pos, By Region
5.4 Global E-Signature Market For Clickwrap
5.4.1 Global E-Signature Market For Clickwrap, By Region
5.5 Global E-Signature Market For Voices Signature
5.5.1 Global E-Signature Market For Voices Signature, By Region
5.6 Global Market For Other E-Signatures
5.6.1 Global Market For Other E-Signatures, By Region

6. Market Size And Forecast By Use Case
6.1 Global E-Signature Market For Unmediated
6.1.1 Global E-Signature Market For Unmediated, By Region
6.2 Global E-Signature Market For Mediated
6.2.1 Global E-Signature Market For Mediated, By Region
6.3 Global E-Signature Market For Third Party
6.3.1 Global E-Signature Market For Third Party, By Region
6.4 Global E-Signature Market For Internal
6.4.1 Global E-Signature Market For Internal, By Region

7. Market Size And Forecast By Geography
7.1 North America E-Signature Market
7.1.1 North America E-Signature Market, By Country
7.1.1.1 The U.S. E-Signature Market
7.1.1.2 Canada E-Signature Market
7.1.2 North America E-Signature Market, By Deployment Mode
7.1.3 North America E-Signature Market, By Type
7.1.4 North America E-Signature Market, By Use Case
7.2 Europe E-Signature Market
7.2.1 Europe E-Signature Market, By Country
7.2.1.1 Germany E-Signature Market
7.2.1.2 U.K. E-Signature Market
7.2.1.3 France E-Signature Market
7.2.1.4 Italy E-Signature Market
7.2.1.5 Rest Of Europe E-Signature Market
7.2.2 Europe E-Signature Market, By Deployment Mode
7.2.3 Europe E-Signature Market, By Type
7.2.4 Europe E-Signature Market, By Use Case
7.3 Asia-Pacific E-Signature Market
7.3.1 Asia-Pacific E-Signature Market, By Country
7.3.1.1 China E-Signature Market
7.3.1.2 Australia E-Signature Market
7.3.1.3 India E-Signature Market
7.3.1.4 Rest Of Asia-Pacific E-Signature Market
7.3.2 Asia-Pacific E-Signature Market, By Deployment Mode
7.3.3 Asia-Pacific E-Signature Market, By Type
7.3.4 Asia-Pacific E-Signature Market, By Use Case
7.4 Rest Of The World E-Signature Market
7.4.1 Rest Of The World E-Signature Market, By Country
7.4.1.1 Brazil E-Signature Market
7.4.1.2 Others E-Signature Market
7.4.2 Rest Of The World E-Signature Market, By Deployment Mode
7.4.3 Rest Of The World E-Signature Market, By Type
7.4.4 Rest Of The World E-Signature Market, By Use Case

8. Competitive Landscape
8.1 Market Share Analysis Of Key Players
8.2 Value-Add From Major E-Signature Vendors
8.2.1 Docusign
8.2.2 Adobe Echosign
8.2.3 Silanis Technology
8.2.4 Future Requirements
8.3 Vendors Evolution And Benchmarking
8.4 Recent Activities Of Major Players
8.4.1 Recent Activities Of Major Players
8.5 Global Strategic Developments
8.5.1 Partnership
8.5.2 Product Launch
8.5.3 Client Win
8.5.4 Others

9. Company Profiles
9.1 Adobe Systems Incorporated
9.1.1 Business Overview
9.1.2 Product And Service Offerings
9.2 Docusign Inc.
9.2.1 Business Overview
9.2.2 Product And Service Offerings
9.3 Rpost
9.3.1 Business Overview
9.3.2 Product And Service Offerings
9.4 Signix Inc.
9.4.1 Business Overview
9.4.2 Product And Service Offerings
9.5 Citrix Systems Inc.
9.5.1 Business Overview
9.5.2 Product And Service Offerings
9.6 Ssl Europa France Sas
9.6.1 Business Overview
9.6.2 Product And Service Offerings
9.7 Assuresign Llc
9.7.1 Business Overview
9.7.2 Product And Service Offerings
9.8 Sertifi Inc.
9.8.1 Business Overview
9.8.2 Product And Service Offerings
9.9 Gemalto Nv
9.9.1 Business Overview
9.9.2 Product And Service Offerings

10. Appendix
10.1 List Of Abbreviations

List Of Tables
Table 1 Analysis Period Of The Study
Table 2 Acts Applicable For E-Signature Across Major Countries/ Regions Worldwide
Table 3 Drivers For The Market: Impact Analysis
Table 4 Restraints For The Market: Impact Analysis
Table 5 Global E-Signature Market, By Type, $M (2013-2016)
Table 6 Global E-Signature Market, By Type, $M (2017-2023)
Table 7 Global E-Signature Market For Pki, By Region, $M (2013-2016)
Table 8 Global E-Signature Market For Pki, By Region, $M (2017-2023)
Table 9 Global E-Signature Market For Username And Pin, By Region, $M (2013-2016)
Table 10 Global E-Signature Market For Username And Pin, By Region, $M (2017-2023)
Table 11 Global E-Signature Market For Signature Pad At Pos, By Region, $M (2013-2016)
Table 12 Global E-Signature Market For Signature Pad At Pos, By Region, $M (2017-2023)
Table 13 Global E-Signature Market For Clickwrap, By Region, $M (2013-2016)
Table 14 Global E-Signature Market For Clickwrap, By Region, $M (2017-2023)
Table 15 Global E-Signature Market For Voices Siganuture, By Region, $M (2013-2016)
Table 16 Global E-Signature Market For Voices Siganuture, By Region, $M (2017-2023)
Table 17 Global Market For Other E-Signatures, By Region, $M (2013-2016)
Table 18 Global Market For Other E-Signatures, By Region, $M (2017-2023)
Table 19 Global E-Signature Market, By Use Case, $M (2013-2016)
Table 20 Global E-Signature Market, By Use Case, $M (2017-2023)
Table 21 Global E-Signature Market For Unmediated, By Region, $M (2013-2016)
Table 22 Global E-Signature Market For Unmediated, By Region, $M (2017-2023)
Table 23 Global E-Signature Market For Mediated, By Region, $M (2013-2016)
Table 24 Global E-Signature Market For Mediated, By Region, $M (2017-2023)
Table 25 Global E-Signature Market For Third Party, By Region, $M (2013-2016)
Table 26 Global E-Signature Market For Third Party, By Region, $M (2017-2023)
Table 27 Global E-Signature Market For Internal, By Region, $M (2013-2016)
Table 28 Global E-Signature Market For Internal, By Region, $M (2017-2023)
Table 29 North America E-Signature Market, By Country, $M (2013-2016)
Table 30 North America E-Signature Market, By Country, $M (2017-2023)
Table 31 North America E-Signature Market, By Deployment Mode, $M (2013-2016)
Table 32 North America E-Signature Market, By Deployment Mode, $M (2017-2023)
Table 33 North America E-Signature Market, By Type, $M (2013-2016)
Table 34 North America E-Signature Market, By Type, $M (2017-2023)
Table 35 North America E-Signature Market, By Use Case, $M (2013-2016)
Table 36 North America E-Signature Market, By Use Case, $M (2017-2023)
Table 37 Europe E-Signature Market, By Country, $M (2013-2016)
Table 38 Europe E-Signature Market, By Country, $M (2017-2023)
Table 39 Europe E-Signature Market, By Deployment Mode, $M (2013-2016)
Table 40 Europe E-Signature Market, By Deployment Mode, $M (2017-2023)
Table 41 Europe E-Signature Market, By Type, $M (2013-2016)
Table 42 Europe E-Signature Market, By Type, $M (2017-2023)
Table 43 Europe E-Signature Market, By Use Case, $M (2013-2016)
Table 44 Europe E-Signature Market, By Use Case, $M (2017-2023)
Table 45 Asia-Pacific E-Signature Market, By Country, $M (2013-2016)
Table 46 Asia-Pacific E-Signature Market, By Country, $M (2017-2023)
Table 47 Asia-Pacific E-Signature Market, By Deployment Mode, $M (2013-2016)
Table 48 Asia-Pacific E-Signature Market, By Deployment Mode, $M (2017-2023)
Table 49 Asia-Pacific E-Signature Market, By Type, $M (2013-2016)
Table 50 Asia-Pacific E-Signature Market, By Type, $M (2017-2023)
Table 51 Asia-Pacific E-Signature Market, By Use Case, $M (2013-2016)
Table 52 Asia-Pacific E-Signature Market, By Use Case, $M (2017-2023)
Table 53 Rest Of The World E-Signature Market, By Country, $M (2013-2016)
Table 54 Rest Of The World E-Signature Market, By Country, $M (2017-2023)
Table 55 Rest Of The World E-Signature Market, By Deployment Mode, $M (2013-2016)
Table 56 Rest Of The World E-Signature Market, By Deployment Mode, $M (2017-2023)
Table 57 Rest Of The World E-Signature Market, By Type, $M (2013-2016)
Table 58 Rest Of The World E-Signature Market, By Type, $M (2017-2023)
Table 59 Rest Of The World E-Signature Market, By Use Case, $M (2013-2016)
Table 60 Rest Of The World E-Signature Market, By Use Case, $M (2017-2023)
Table 61 User Rating Of E-Signature Offered By Prominent Vendors
Table 62 Comparison Of Product Features Of E-Signature Offered By Prominent Vendors
Table 63 Comparison Of Key Integration Features Of E-Signature Offered By Prominent Vendors
Table 64 Price Comparison Of E-Signature Offered By Prominent Vendors
Table 65 Adobe Systems Incorporated -At A Glance
Table 66 Docusign Inc. -At A Glance
Table 67 Rpost-At A Glance
Table 68 Signix Inc.- At A Glance
Table 69 Citrix Systems Inc.-At A Glance
Table 70 Ssl Europa France Sas-At A Glance
Table 71 Assuresign Llc-At A Glance
Table 72 Sertifi Inc.-At A Glance
Table 73 Gemalto Nv-At A Glance

List Of Figures
Fig 1 Research Scope For Global E-Signature Market
Fig 2 Research Methodology For The Global E-Signature Market
Fig 3 Regional Split Of Primary And Secondary Research
Fig 4 Breakdown Of Primary Research By Region
Fig 5 Breakdown Of Primary Research By Industry Participant
Fig 6 Breakdown Of Primary Research By Company Type
Fig 7 Data Triangulation Approach For The Global E-Signature Market
Fig 8 E-Signature Market Summary
Fig 9 Internet Users In The U.S., Million (2013-2023)
Fig 10 Porter’S Five Forces Analysis Of The Global E-Signature Market
Fig 11 Global E-Signature Market Split, By Type (2016 And 2023)
Fig 12 Global E-Signature Market, By Type, $M (2013-2023)
Fig 13 Global E-Signature Market For Pki, By Region, $M (2013-2023)
Fig 14 Global E-Signature Market For Username And Pin, By Region, $M (2013-2023)
Fig 15 Global E-Signature Market For Signature Pad At Pos, By Region, $M (2013-2023)
Fig 16 Global E-Signature Market For Clickwrap, By Region, $M (2013-2023)
Fig 17 Global E-Signature Market For Voices Siganuture, By Region, $M (2013-2023)
Fig 18 Global Market For Other E-Signatures, By Region, $M (2013-2023)
Fig 19 Global E-Signature Market Split, By Use Case (2016 And 2023)
Fig 20 Global E-Signature Market, By Use Case, $M (2013-2023)
Fig 21 Global E-Signature Market For Unmediated, By Region, $M (2013-2023)
Fig 22 Global E-Signature Market For Mediated, By Region, $M (2013-2023)
Fig 23 Global E-Signature Market For Third Party, By Region, $M (2013-2023)
Fig 24 Global E-Signature Market For Internal, By Region, $M (2013-2023)
Fig 25 Global E-Signature Market-Regional Performance At A Glance
Fig 26 North America Market Snapshot
Fig 27 North America E-Signature Market, By Country, $M (2013-2023)
Fig 28 North America E-Signature Market, By Deployment Mode, $M (2013-2023)
Fig 29 North America E-Signature Market, By Type, $M (2013-2023)
Fig 30 North America E-Signature Market, By Use Case, $M (2013-2023)
Fig 31 Europe Market Snapshot
Fig 32 Europe E-Signature Market, By Country, $M (2013-2023)
Fig 33 Europe E-Signature Market, By Deployment Mode, $M (2013-2023)
Fig 34 Europe E-Signature Market, By Type, $M (2013-2023)
Fig 35 Europe E-Signature Market, By Use Case, $M (2013-2023)
Fig 36 Asia-Pacific Market Snapshot
Fig 37 Asia-Pacific E-Signature Market, By Country, $M (2013-2023)
Fig 38 Asia-Pacific E-Signature Market, By Deployment Mode, $M (2013-2023)
Fig 39 Asia-Pacific E-Signature Market, By Type, $M (2013-2023)
Fig 40 Asia-Pacific E-Signature Market, By Use Case, $M (2013-2023)
Fig 41 Rest Of The World Market Snapshot
Fig 42 Rest Of The World E-Signature Market, By Country, $M (2013-2023)
Fig 43 Rest Of The World E-Signature Market, By Deployment Mode, $M (2013-2023)
Fig 44 Rest Of The World E-Signature Market, By Type, $M (2013-2023)
Fig 45 Rest Of The World E-Signature Market, By Use Case, $M (2013-2023)
Fig 46 Global E-Signature Market Share Of Key Players (2016)
Fig 47 Recent Activities Of Major Players
Fig 48 Revenue Split By Operating Segments (2016)
Fig 49 Revenue Split By Geography (2016)
Fig 50 Revenue Split By Business Segments (2016)
Fig 51 Revenue Split By Geography (2016)
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