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Digital Signature - Global Market Trajectory & Analytics

  • ID: 4804796
  • Report
  • May 2020
  • Region: Global
  • 327 pages
  • Global Industry Analysts, Inc
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The global market for Digital Signature is projected to reach US$8.2 billion by 2025, driven by the growing real-world losses of financial fraud against the backdrop of an increasingly digital world, and implementation of regulations that recognize the legality of digital signatures. Factors driving digitalization of the banking and payments sector include increased use of smart devices like smartphones and tablets for financial transactions, development of payment gateways and expansion of the app ecosystem surrounding digital payments. However, authentication and security remain prime areas of concern, making customer trust the subtle but real driver of digital commerce and banking. As businesses undergo digital transformation, especially banks and financial institutions, in their front and back office operations, they are increasingly acknowledging the link between customer recognition, convenience, trust and fraud risk. A large portion of customers` trust today emerges from the confidence in the security measures undertaken by companies for digital transactions. This creates strong commercial opportunities for seamless security technologies that have little or no impact on the digital customer experience. Poised to gain under this scenario is Digital Signature defined as a complex mathematical process that validates the document and the sender. The technology is suitable for digital financial documents, legal documents, and copyright content and material. Benefits of digital signature driving its adoption include added security, helps validate origin, identity and status of an electronic document, based on public key cryptography it is difficult to crack, reduced costs as need for paper and printing is eliminated, saves time on document authentication, enables hassle free electronic document management, increase in efficiency and reduced operational costs for banks, and convenient, faster and secure process for customers. A key factor driving the growth and adoption of this technology is the global acceptance and legal compliance as more countries accept digital signatures on legally binding documents.

Major trends influencing growth in the market include increased adoption in the education sector, shift from conventional paperwork to digital platforms, growing enterprise mobility, ubiquity of BYOD trend and the resulting frequent exchange of confidential corporate documents, continuous improvements in software security standards, robust adoption of cloud-based digital signature solutions supported by all the benefits of cloud computing, and attractive application possibilities in the healthcare industry such as for registration documents, consent for treatment plans, medical discharge, and invoices, among others. The United States and Europe represent the largest markets worldwide with a combined share of 62.7%. Europe ranks as the fastest growing market with a 38.7% CAGR over the analysis period supported by the fact that digital signatures are legal throughout the European Union. The eIDAS regulation enforced in the region in 2016 and applicable in all member states replaces the earlier Directive 1999/93/EC and has brought about validity and recognition of digital signatures between different EU countries. The United States follows next with a 35.7% CAGR over the analysis period.

The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Note: Product cover images may vary from those shown
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I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
Impact of Covid-19 and a Looming Global Recession
An Introduction to Digital Signature
Digital Signature Market: Current Scenario and Outlook
Global Digital Signature Market: Percentage Breakdown of Revenues by Component for 2019 and 2025
Growing Use of Digital Signatures in BFSI, Government & Defense and Legal Sectors
Developed Regions Lead Digital Signature Market, Developing Economies Present Significant Growth Opportunities
Global Competitor Market Shares
Digital Signature Competitor Market Share Scenario Worldwide (in %): 2019 & 2025

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
Numerous Advantages of Using Digital Signatures Drive Market Growth
With Online and Electronic Transactions Growing, Digital Signature Offers Added Layer of Security
Digital Signature Leverages PKI to Deliver Highest Level of Security
Surging Internet Penetration Rates Support Adoption of Digital Signatures
Rising Internet Penetration Rate Supports Implementation of Digital Signature Solutions: Global Internet User Penetration Rate (in %) for the Years 2014, 2016, 2018, 2020, 2022 and 2024
High Risk of Fraud amidst Increasing Digitalization of Banking Transactions Fuels Demand for Digital Signatures
World Online Banking Fraud Losses (in US$ Billion) for the Years 2010, 2012, 2015 and 2018
Education Sector Benefits from Enhanced Security, Legal Compliance and Validity of Digital Signatures
Notable Trends in the Global Digital Signature Market
Increasing Data Breach and Fraud Incidents Bolster Market Growth
Organizational Data Breaches Worldwide: Number of Data Breaches for the Period 2013-2017
Average Cost of A Data Breach in $ Million by Country for the Year 2018
Shift from Conventional Paperwork to Digital Signature Platforms
Global Digital Signature Software Market: An Overview
Global Digital Signature Software Market: Percentage Breakdown of Sales by Application for 2019
Global Digital Signature Software Market: Percentage Breakdown of Sales by End-Use for 2019
Increasing Adoption of Cloud-based Digital Signature Solutions
Standards for Cloud-based Digital Signature
Digital Signatures Allow Small Businesses to Digitize Business Activities
Challenges Confronting Digital Signature Market
Country-wide Differences in Regulations Governing Digital Signatures

4. GLOBAL MARKET PERSPECTIVE
TABLE 1: Digital Signature Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 2: Digital Signature Market Share Shift across Key Geographies Worldwide: 2020 VS 2027
TABLE 3: Cloud (Deployment) World Market by Region/Country in US$ Thousand: 2020 to 2027
TABLE 4: Cloud (Deployment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027
TABLE 5: On-Premises (Deployment) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027
TABLE 6: On-Premises (Deployment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027
TABLE 7: BFSI (Application) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 8: BFSI (Application) Market Share Breakdown by Region/Country: 2020 VS 2027
TABLE 9: Government & Defense (Application) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027
TABLE 10: Government & Defense (Application) Share Breakdown Review by Region/Country: 2020 VS 2027
TABLE 11: Legal (Application) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027
TABLE 12: Legal (Application) Distribution of Global Sales by Region/Country: 2020 VS 2027
TABLE 13: Real Estate (Application) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027
TABLE 14: Real Estate (Application) Global Market Share Distribution by Region/Country for 2020 and 2027
TABLE 15: Manufacturing & Engineering (Application) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027
TABLE 16: Manufacturing & Engineering (Application) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027
TABLE 17: Other Applications (Application) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027
TABLE 18: Other Applications (Application) Market Share Shift across Key Geographies: 2020 VS 2027

III. MARKET ANALYSIS

GEOGRAPHIC MARKET ANALYSIS

UNITED STATES
Market Facts & Figures
US Digital Signature Market Share (in %) by Company: 2019 & 2025
Market Analytics
TABLE 19: Digital Signature Market in US$ Thousand in the United States by Deployment: 2020-2027
TABLE 20: United States Digital Signature Market Share Breakdown by Deployment: 2020 VS 2027
TABLE 21: United States Digital Signature Latent Demand Forecasts in US$ Thousand by Application: 2020 to 2027
TABLE 22: Digital Signature Market Share Breakdown in the United States by Application: 2020 VS 2027
CANADA
TABLE 23: Digital Signature Market Analysis in Canada in US$ Thousand by Deployment: 2020-2027
TABLE 24: Canadian Digital Signature Market Share Breakdown by Deployment: 2020 VS 2027
TABLE 25: Canadian Digital Signature Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 26: Canadian Digital Signature Market Share Analysis by Application: 2020 VS 2027
JAPAN
TABLE 27: Japanese Medium & Long-Term Outlook for Digital Signature Market in US$ Thousand by Deployment: 2020-2027
TABLE 28: Japanese Digital Signature Market Percentage Share Distribution by Deployment: 2020 VS 2027
TABLE 29: Japanese Demand Estimates and Forecasts for Digital Signature in US$ Thousand by Application: 2020 to 2027
TABLE 30: Digital Signature Market Share Shift in Japan by Application: 2020 VS 2027
CHINA
TABLE 31: Digital Signature Market Estimates and Forecasts in China in US$ Thousand by Deployment: 2020-2027
TABLE 32: Digital Signature Market in China: Percentage Share Analysis by Deployment for 2020 and 2027
TABLE 33: Chinese Demand for Digital Signature in US$ Thousand by Application: 2020 to 2027
TABLE 34: Chinese Digital Signature Market Share Breakdown by Application: 2020 VS 2027
EUROPE
TABLE 35: European Digital Signature Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025
TABLE 36: European Digital Signature Market Share Shift by Region/Country: 2020 VS 2027
TABLE 37: European Digital Signature Market Assessment in US$ Thousand by Deployment: 2020-2027
TABLE 38: Digital Signature Market in Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027
TABLE 39: European Digital Signature Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 40: European Digital Signature Market Share Analysis by Application: 2020 VS 2027
FRANCE
TABLE 41: French Digital Signature Market Estimates and Projections in US$ Thousand by Deployment: 2020-2027
TABLE 42: French Digital Signature Market Share Breakdown by Deployment: 2020 VS 2027
TABLE 43: Digital Signature Quantitative Demand Analysis in France in US$ Thousand by Application: 2020-2027
TABLE 44: French Digital Signature Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
GERMANY
TABLE 45: German Digital Signature Latent Demand Forecasts in US$ Thousand by Deployment: 2020-2027
TABLE 46: German Digital Signature Market Share Breakdown by Deployment: 2020 VS 2027
TABLE 47: Digital Signature Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by Application for the Period 2020-2027
TABLE 48: Digital Signature Market Share Distribution in Germany by Application: 2020 VS 2027
ITALY
TABLE 49: Digital Signature Market Estimates and Forecasts in Italy in US$ Thousand by Deployment: 2020-2027
TABLE 50: Digital Signature Market in Italy: Percentage Share Analysis by Deployment for 2020 and 2027
TABLE 51: Italian Demand for Digital Signature in US$ Thousand by Application: 2020 to 2027
TABLE 52: Italian Digital Signature Market Share Breakdown by Application: 2020 VS 2027
UNITED KINGDOM
TABLE 53: United Kingdom Medium & Long-Term Outlook for Digital Signature Market in US$ Thousand by Deployment: 2020-2027
TABLE 54: United Kingdom Digital Signature Market Percentage Share Distribution by Deployment: 2020 VS 2027
TABLE 55: United Kingdom Demand Estimates and Forecasts for Digital Signature in US$ Thousand by Application: 2020 to 2027
TABLE 56: Digital Signature Market Share Shift in the United Kingdom by Application: 2020 VS 2027
REST OF EUROPE
TABLE 57: Rest of Europe Digital Signature Market Assessment in US$ Thousand by Deployment: 2020-2027
TABLE 58: Digital Signature Market in Rest of Europe: Percentage Breakdown of Sales by Deployment for 2020 and 2027
TABLE 59: Rest of Europe Digital Signature Addressable Market Opportunity in US$ Thousand by Application: 2020-2027
TABLE 60: Rest of Europe Digital Signature Market Share Analysis by Application: 2020 VS 2027
ASIA-PACIFIC
TABLE 61: Asia-Pacific Digital Signature Market Estimates and Projections in US$ Thousand by Deployment: 2020-2027
TABLE 62: Asia-Pacific Digital Signature Historic Market Analysis in US$ Thousand by Deployment: 2020 VS 2027
TABLE 63: Digital Signature Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by Application: 2020-2027
TABLE 64: Asia-Pacific Digital Signature Market Share Analysis: A 7-Year Perspective by Application for 2020 and 2027
REST OF WORLD
TABLE 65: Digital Signature Market Analysis in Rest of World in US$ Thousand by Deployment: 2020-2027
TABLE 66: Rest of World Digital Signature Market Share Breakdown by Deployment: 2020 VS 2027
TABLE 67: Rest of World Digital Signature Market Quantitative Demand Analysis in US$ Thousand by Application: 2020 to 2027
TABLE 68: Rest of World Digital Signature Market Share Analysis by Application: 2020 VS 2027

IV. COMPETITION
Total Companies Profiled: 38
Note: Product cover images may vary from those shown
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