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Digital Signature Market by Solution (Software and Hardware), Service, Deployment Mode, Application (BFSI, Government & Defense, Legal, Real Estate, HR, Manufacturing & Engineering, Healthcare & Life Sciences), and Region - Global Forecast to 2023

  • ID: 4751878
  • Report
  • Region: Global
  • 132 Pages
  • Markets and Markets
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The Digital Signature Market Size to Grow from USD 1.2 Billion in 2018 to USD 5.5 Billion by 2023, at a CAGR of 36.7% During 2018-2023

FEATURED COMPANIES

  • Adobe
  • Docusign
  • Gemalto
  • Hellosign
  • Kofax
  • Onespan
  • MORE

The digital signature market to grow at a Compound Annual Growth Rate (CAGR) of 36.7% during the forecast period

This research forecasts the digital signature market size to grow from USD 1.2 billion in 2018 to USD 5.5 billion by 2023, at a CAGR of 36.7% during 2018-2023. Major growth factors for the market include improved operational efficiency, reduced Operational Expenditure (OPEX), improved security, and increased adoption of digital signature solutions to securely sign the documents. Scattered regulations in some regions and lack of awareness related to the legality of the digital signature may restrain the market growth.

Banking, financial services and insurance segment to grow at the highest rate during the forecast period

The digital signature market by application comprises Human Resource (HR); education and research; Banking, Financial Services and Insurance (BFSI); government and defense; healthcare and life sciences; legal; real estate; manufacturing and engineering; others (retail, transit, energy and utilities, telecom, operations, sales and marketing, pharmaceuticals, and procurement). The BFSI segment is expected to grow at the highest rate because it helps these firms simplify the complex processes, with enhanced security, improve turnaround time for onboarding a customer, to go paperless by automating the document workflow, and meet the regulatory compliances.

Among regions, Europe to grow at the highest CAGR during the forecast period

Europe has distinctively been one of the fastest-growing markets in terms of rapidly adopting digital signature solutions. The digital signature market is also termed as the next big boom with regards to the ever-increasing adoptions across this region. The digital signature market in Europe has gained traction because of the high demand for high-end security solutions, an increase in the digitalization, legal compliances, and regulations, such as eIDAS. Moreover, the rapid growth of the digital signature market in the region can be attributed to the active online engagement of consumers in the emerging countries of the region. The extensive facilities to deploy and manage digital signature solutions at a low cost of ownership is boosting the market growth in this region. Furthermore, various international and domestic enterprises located in this region are partnering with digital signature solution providers to enhance offerings to local clients. The developed European countries, such as the UK, Germany, France, have expansively considered the use of digital signature solutions and services.

The growth of this region can be attributed to the increased demand for digital signature solutions and advancements in digital technologies. Moreover, regulatory compliance by government and legal laws are benefitting all stakeholders present in the digital signature ecosystem in Europe. The UK, Germany, and France are among the key countries considered for the digital signature market analysis in this region. Additionally, the rapid expansion of local players, as well as global enterprises, in Europe is also one of the important factors that are influencing the growth of the digital signature market.

In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the digital signature market.

  • By Company: Tier I: 15%, Tier II: 45%, and Tier III: 40%
  • By Designation: C-Level: 28%, Director Level: 34%, and Others: 38%
  • By Region: North America: 30%, Europe: 40%, APAC: 14%, MEA: 10%, and Latin America: 6%

The report includes the study of the key players offering digital signature solutions. It profiles major vendors in the global digital signature market comprising Adobe (US), OneSpan (US), Gemalto (Netherlands), Ascertia (UK), DocuSign (US), Entrust Datacard (US), SigNix (UK), Secured Signing (New Zealand), Identrust (US), and Kofax (US), RPost Technologies (US), HelloSign (US), MultiCert (Lisbon), GlobalSign (US), RightSignature (US), and Zoho Corp (India). It also includes an in-depth competitive analysis of the key digital signature market players, along with their company profiles, business overviews, product offerings, recent developments, and market strategies.

Research coverage

The report segments the global digital signature market by component, deployment mode, application, and region. The application segment includes HR, education and research, BFSI, government and defense, healthcare and life sciences, legal, real estate, manufacturing and engineering, others (retail, transit, energy and utilities, telecom, operations, sales and marketing, pharmaceuticals, and procurement). The component segment comprises solutions and services. The digital signature market by deployment mode has been segmented into cloud and on-premises. The report covers the digital signature market with respect to 5 major regions, namely North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

The report would help the market leaders and new entrants in the global digital signature market in the following ways:

  • The report segments the market into various sub-segments, hence it covers the market comprehensively. It provides the closest approximations of the revenue numbers for the overall market and its sub-segments. The market numbers are further split across applications and regions.
  • It helps in understanding the overall growth of the market. It also provides information about key market drivers, restraints, challenges, and opportunities.
  • It helps stakeholders in understanding their competitors better and gaining more insights to strengthen their positions in the market. The study also presents the positioning of the key players based on their product offerings and business strategies.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Adobe
  • Docusign
  • Gemalto
  • Hellosign
  • Kofax
  • Onespan
  • MORE

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Market Segmentation
1.3.2 Regions Covered
1.4 Years Considered for the Study
1.5 Currency Considered
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.2 Primary Data
2.1.2.1 Breakup of Primary Participants’ Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup and Data Triangulation
2.3 Market Size Estimation
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
2.4 Market Forecast
2.5 Assumptions for the Study
2.6 Limitations of the Study

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Digital Signature Market
4.2 Market Top 3 Applications
4.3 Market Top 3 Applications and Regions
4.4 Market By Application

5 Market Overview and Industry Trends
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Rising Investments in Electronic Documents By Governments and Enterprises
5.2.1.2 Improved Security With A Controlled and Seamless Workflow
5.2.1.3 Improved Operational Efficiency at Lower OPEX
5.2.1.4 Enhanced End-To-End Customer Experience
5.2.2 Restraints
5.2.2.1 Variation in Digital Signature Rules and Regulations Across Regions
5.2.2.2 Lack of Awareness About the Legality of Digital Signatures
5.2.3 Opportunities
5.2.3.1 Increasing Number of Partnerships and Acquisitions
5.2.3.2 Increased Acceptance of Cloud-Based Security Solutions
5.2.4 Challenges
5.2.4.1 Deeply Entrenched Traditional Business Practices
5.3 Regulatory Implications
5.3.1 Introduction
5.3.2 General Data Protection Regulation (GDPr)
5.3.3 Health Insurance Portability and Accountability Act (HIPAA)
5.3.4 Payment Card Industry Data Security Standard (PCI DSS)
5.3.5 System and Organization Controls 2 (SOC 2) Type II Compliance
5.3.6 Electronic Identification, Authentication, and Trust Services (EIDAS)
5.3.7 Electronic Signatures in Global and National Commerce (ESIGN) Act
5.3.8 Uniform Electronic Transactions Act (UETA)
5.3.9 Sarbanes-Oxley Act (SOX)
5.3.10 Food and Drug Administration (FDA) Compliance
5.3.11 21 CFR Part 11
5.3.12 Information Technology (IT) Act, 2000
5.3.13 Countries and Their Law
5.4 Use Cases
5.4.1 Use Case: Scenario 1
5.4.2 Use Case: Scenario 2
5.4.3 Use Case: Scenario 3
5.4.4 Use Case: Scenario 4
5.4.5 Use Case: Scenario 5

6 Digital Signature Market By Component
6.1 Introduction
6.2 Solutions
6.2.1 Hardware
6.2.1.1 Usb Tokens to Become Crucial Because of the Various Benefits Offered By Them
6.2.2 Software
6.2.2.1 Need for Lowering the Maintenance Cost to Help Boost the Adoption of Digital Signature Software
6.3 Services
6.3.1 Managed Services
6.3.1.1 Increasing Adoption of Digital Signature Solutions to Help Managed Services Gain Traction
6.3.2 Professional Services
6.3.2.1 Professional Services to Gain Traction to Help Organizations Find the Right Solution

7 Digital Signature Market By Deployment Mode
7.1 Introduction
7.2 On-Premises
7.2.1 On-Premises Digital Signature Solutions to Provide Control and Flexibility to Organizations
7.3 Cloud
7.3.1 Cloud-Based Systems are Comparatively Less Expensive Than On-Premises Systems

8 Digital Signature Market By Application
8.1 Introduction
8.2 Human Resources
8.2.1 Digital Signatures Help the Hr Automate Paper-Intensive Processes
8.3 Education and Research
8.3.1 Digital Signature Accelerates the Overall Admission Process and Improves Student and Staff Experience, Along With Fulfillment of Regulatory Compliances
8.4 Banking, Financial Services, and Insurance
8.4.1 Digital Signatures Accelerate Invoicing and Cash Flow, Improve Compliance, and Offer Real-Time Visibility Into Complex Document Workflows
8.5 Government and Defense
8.5.1 With Digital Signatures, Governments Can Easily Validate Documents
8.6 Legal
8.6.1 Digital Signature Simplifies and Accelerates Agreement Preparation, Signing, and Management
8.7 Healthcare and Life Sciences
8.7.1 Digital Signatures Help Healthcare Organizations Skip the Complex Processes of Patient On-Boarding and Payment Processing
8.8 Real Estate
8.8.1 in Real Estate, Digital Signatures Provide Authenticity and Traceability, and Control the Documentation Process
8.9 Manufacturing and Engineering
8.9.1 Digital Signature Helps Get Approvals Required for Manufacturing Processes
8.10 Others

9 Digital Signature Market, By Region
9.1 Introduction
9.2 North America
9.2.1 United States
9.2.1.1 US Being A Highly Regulated Region to Show High Adoption of Digital Signature Solutions and Services
9.2.2 Canada
9.2.2.1 Increasing Awareness to Protect High-Value Data Assets in Organizations to Fuel the Adoption of Digital Signature in Canada
9.3 Europe
9.3.1 United Kingdom
9.3.1.1 Protection of Payment Card Data to Be the Major Driver for the UK-Based Digital Signature Industry
9.3.2 Germany
9.3.2.1 Demand for Cloud-Based Digital Signatures for Seamless and Secured Transactions to Fuel the Digital Signature Market Growth
9.3.3 France
9.3.3.1 Security of Constantly Increasing Ecommerce and Mobile Payments to Encourage Organizations to Integrate Digital Signature Solutions and Services
9.3.4 Rest of Europe
9.4 Asia Pacific
9.4.1 China
9.4.1.1 Growing Focus of Government and Enterprises on Digital Signature Solutions to Drive the Market Growth
9.4.2 Japan
9.4.2.1 Growing Focus of Digital Signature Solution Providers in the Region to Drive the Market Growth
9.4.3 South Korea
9.4.3.1 Government’s Insistence on New Authentication Methods to Secure the Sensitive Data Exposed to Cyber Threats
9.4.4 Rest of Asia Pacific
9.5 Middle East and Africa
9.5.1 Middle East
9.5.1.1 Regulatory Resolutions to Compel Organizations to Adopt Digital Signature Solutions
9.5.2 Africa
9.5.2.1 Increasing Adoption of Advanced Technologies and Data Security to Instigate the Need for Digitally Signed Documents
9.6 Latin America
9.6.1 Brazil
9.6.1.1 Emerging Technology Trends in Brazil to Help the Digital Signature Market Growth in the Coming Years
9.6.2 Mexico
9.6.2.1 Growing Steps Toward Adopting Emerging Technologies in Mexico to Create Demand for Digital Signature Solutions in the Coming Years
9.6.3 Rest of Latin America

10 Competitive Landscape
10.1 Overview
10.2 Microquadrant Overview
10.3 Strength of Product Portfolio
10.4 Business Strategy Excellence

11 Company Profiles
11.1 Adobe
11.2 Onespan
11.3 Gemalto
11.4 Ascertia
11.5 Docusign
11.6 Entrust Datacard
11.7 Signix
11.8 Secured Signing Limited
11.9 Identrust
11.10 Kofax
11.11 Globalsign
11.12 Rightsignature
11.13 Zoho Corp
11.14 Rpost Technologies
11.15 Multicert
11.16 Hellosign

12 Appendix
12.1 Industry Excerpts
12.2 Discussion Guide
12.3 Knowledge Store: Subscription Portal
12.4 Available Customizations
12.5 Related Reports
12.6 Author Details

List of Tables
Table 1 United States Dollar Exchange Rate, 2015-2017
Table 2 Factor Analysis
Table 3 Global Market Size and Growth Rate, 2016-2023
Table 4 Digital Signature Market Size, By Component, 2016-2023 (USD Million)
Table 5 Solutions: Market Size By Type, 2016-2023 (USD Million)
Table 6 Solutions: Market Size By Region, 2016-2023 (USD Million)
Table 7 Hardware Market Size By Region, 2016-2023 (USD Million)
Table 8 Software Market Size By Region, 2016-2023 (USD Million)
Table 9 Services: Market Size By Type, 2016-2023 (USD Million)
Table 10 Services: Market Size By Region, 2016-2023 (USD Million)
Table 11 Managed Services Market Size, By Region, 2016-2023 (USD Million)
Table 12 Professional Services Market Size, By Region, 2016-2023 (USD Million)
Table 13 Digital Signature Market Size, By Deployment Mode, 2016-2023 (USD Million)
Table 14 On-Premises: Market Size By Region, 2016-2023 (USD Million)
Table 15 Cloud: Market Size By Region, 2016-2023 (USD Million)
Table 16 Market Size By Application, 2016-2023 (USD Million)
Table 17 Human Resources: Market Size By Region, 2016-2023 (USD Million)
Table 18 Education and Research: Market Size By Region, 2016-2023 (USD Million)
Table 19 Banking, Financial Services, and Insurance: Market Size By Region, 2016-2023 (USD Million)
Table 20 Government and Defense: Market Size By Region, 2016-2023 (USD Million)
Table 21 Legal: Market Size By Region, 2016-2023 (USD Million)
Table 22 Healthcare and Life Sciences: Market Size By Region, 2016-2023 (USD Million)
Table 23 Real Estate: Market Size By Region, 2016-2023 (USD Million)
Table 24 Manufacturing and Engineering: Market Size By Region, 2016-2023 (USD Million)
Table 25 Others: Market Size By Region, 2016-2023 (USD Million)
Table 26 Digital Signature Market Size, By Region, 2016-2023 (USD Million)
Table 27 North America: Market Size By Component, 2016-2023 (USD Million)
Table 28 North America: Market Size By Solution, 2016-2023 (USD Million)
Table 29 North America: Market Size By Service, 2016-2023 (USD Million)
Table 30 North America: Market Size By Deployment Mode, 2016-2023 (USD Million)
Table 31 North America: Market Size By Application, 2016-2023 (USD Million)
Table 32 North America: Market Size By Country, 2016-2023 (USD Million)
Table 33 Europe: Digital Signature Market Size, By Component, 2016-2023 (USD Million)
Table 34 Europe: Market Size By Solution, 2016-2023 (USD Million)
Table 35 Europe: Market Size By Service, 2016-2023 (USD Million)
Table 36 Europe: Market Size By Deployment Mode, 2016-2023 (USD Million)
Table 37 Europe: Market Size By Application, 2016-2023 (USD Million)
Table 38 Europe: Market Size By Country, 2016-2023 (USD Million)
Table 39 Asia Pacific: Digital Signature Market Size, By Component, 2016-2023 (USD Million)
Table 40 Asia Pacific: Market Size By Solution, 2016-2023 (USD Million)
Table 41 Asia Pacific: Market Size By Service, 2016-2023 (USD Million)
Table 42 Asia Pacific: Market Size By Deployment Mode, 2016-2023 (USD Million)
Table 43 Asia Pacific: Market Size By Application, 2016-2023 (USD Million)
Table 44 Asia Pacific: Market Size By Country, 2016-2023 (USD Million)
Table 45 Middle East and Africa: Digital Signature Market Size, By Component, 2016-2023 (USD Million)
Table 46 Middle East and Africa: Market Size By Solution, 2016-2023 (USD Million)
Table 47 Middle East and Africa: Market Size By Service, 2016-2023 (USD Million)
Table 48 Middle East and Africa: Market Size By Deployment Mode, 2016-2023 (USD Million)
Table 49 Middle East and Africa: Market Size By Application, 2016-2023 (USD Million)
Table 50 Middle East and Africa: Market Size By Country, 2016-2023 (USD Million)
Table 51 Latin America: Digital Signature Market Size, By Component, 2016-2023 (USD Million)
Table 52 Latin America: Market Size By Solution, 2016-2023 (USD Million)
Table 53 Latin America: Market Size By Service, 2016-2023 (USD Million)
Table 54 Latin America: Market Size By Deployment Mode, 2016-2023 (USD Million)
Table 55 Latin America: Market Size By Application, 2016-2023 (USD Million)
Table 56 Latin America: Market Size By Country, 2016-2023 (USD Million)

List of Figures
Figure 1 Global Market Research Design
Figure 2 Digital Signature Market: Top-Down and Bottom-Up Approaches
Figure 3 North America to Account for the Highest Market Share in 2018
Figure 4 Market Snapshot By Component, 2018-2023
Figure 5 Market Snapshot By Solution, 2018
Figure 6 Market Snapshot By Service, 2018
Figure 7 Market Snapshot By Deployment Mode, 2018
Figure 8 Market Snapshot By Application, 2018-2023
Figure 9 Improved Security With A Controlled Seamless Workflow to Drive the Market Growth During the Forecast Period
Figure 10 Banking, Financial Services, and Insurance Application to Have the Highest CAGR During the Forecast Period
Figure 11 Banking, Financial Services, and Insurance Application and North America to Account for the Highest Market Shares in the Digital Signature Market in 2018
Figure 12 Banking, Financial Services, and Insurance Application to Register the Highest Market Share in 2018
Figure 13 Market Investment Scenario: Europe to Be the Best Region for Investments During the Forecast Period
Figure 14 Drivers, Restraints, Opportunities, and Challenges: Digital Signature Market
Figure 15 Services Segment to Register A Higher CAGR During the Forecast Period
Figure 16 Software Segment to Register A Higher CAGR During the Forecast Period
Figure 17 Professional Services to Grow at A Higher CAGR During the Forecast Period
Figure 18 Cloud Deployment Mode to Grow at A Higher CAGR During the Forecast Period
Figure 19 Major Use Cases By Applications
Figure 20 Banking, Financial Services, and Insurance Application to Grow at the Highest CAGR During the Forecast Period
Figure 21 North America to Register the Largest Market Size and Europe to Grow at the Highest CAGR During the Forecast Period
Figure 22 France to Register the Highest CAGR During the Forecast Period
Figure 23 North America: Market Snapshot
Figure 24 Europe: Market Snapshot
Figure 25 Digital Signature Market (Global), Competitive Leadership Mapping, 2018
Figure 26 Adobe: Company Snapshot
Figure 27 SWOT Analysis: Adobe
Figure 28 Onespan: Company Snapshot
Figure 29 SWOT Analysis: Onespan
Figure 30 Gemalto: Company Snapshot
Figure 31 SWOT Analysis: Gemalto
Figure 32 SWOT Analysis: Ascertia

Note: Product cover images may vary from those shown
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  • Adobe
  • Ascertia
  • Docusign
  • Entrust Datacard
  • Gemalto
  • Globalsign
  • Hellosign
  • Identrust
  • Kofax
  • Multicert
  • Onespan
  • Rightsignature
  • Rpost Technologies
  • Secured Signing Limited
  • Signix
  • Zoho Corp
Note: Product cover images may vary from those shown
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