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Digital Signature - Global Market Trajectory & Analytics

  • ID: 4804796
  • Report
  • April 2021
  • Region: Global
  • 327 pages
  • Global Industry Analysts, Inc
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. Select Competitors (Total 39 Featured):
  • Adobe Inc.
  • Ascertia Ltd.
  • DocuSign, Inc.
  • Dropbox, Inc.
  • Entrust Datacard Corp.
  • Gemalto
  • GlobalSign, Inc.
  • Identrust, Inc.
  • Kofax, Inc.
  • MultiCert SA
  • OneSpan, Inc.
  • RPost
  • Secured Signing Limited
  • SIGNiX, Inc.
  • Zoho Corporation Pvt. Ltd (India).
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • 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
  • 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
  • Exhibit 1: 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
  • Exhibit 2: 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
  • Table 1: World Current & Future Analysis for Digital Signature by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Digital Signature by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Cloud by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Cloud by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for On-Premises by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for On-Premises by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 7: World Current & Future Analysis for BFSI by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for BFSI by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for Government & Defense by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Government & Defense by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 11: World Current & Future Analysis for Legal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 12: World 7-Year Perspective for Legal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 13: World Current & Future Analysis for Real Estate by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World 7-Year Perspective for Real Estate by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 15: World Current & Future Analysis for Manufacturing & Engineering by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 16: World 7-Year Perspective for Manufacturing & Engineering by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 17: World Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 18: World 7-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
  • Table 19: USA Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 20: USA 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 21: USA Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 22: USA 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 23: Canada Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 24: Canada 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 25: Canada Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 26: Canada 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 27: Japan Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 28: Japan 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 29: Japan Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 30: Japan 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 31: China Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 32: China 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 33: China Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 34: China 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 35: Europe Current & Future Analysis for Digital Signature by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 36: Europe 7-Year Perspective for Digital Signature by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 37: Europe Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 38: Europe 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 39: Europe Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 40: Europe 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 41: France Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 42: France 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 43: France Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: France 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 45: Germany Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 46: Germany 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 47: Germany Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 48: Germany 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 49: Italy Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: Italy 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 51: Italy Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 52: Italy 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 53: UK Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 54: UK 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 55: UK Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 56: UK 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 57: Rest of Europe Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 58: Rest of Europe 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 59: Rest of Europe Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 60: Rest of Europe 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 61: Asia-Pacific Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 62: Asia-Pacific 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 63: Asia-Pacific Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 64: Asia-Pacific 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
  • Table 65: Rest of World Current & Future Analysis for Digital Signature by Deployment - Cloud and On-Premises - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 66: Rest of World 7-Year Perspective for Digital Signature by Deployment - Percentage Breakdown of Value Sales for Cloud and On-Premises for the Years 2020 & 2027
  • Table 67: Rest of World Current & Future Analysis for Digital Signature by Application - BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 68: Rest of World 7-Year Perspective for Digital Signature by Application - Percentage Breakdown of Value Sales for BFSI, Government & Defense, Legal, Real Estate, Manufacturing & Engineering and Other Applications for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 39
Note: Product cover images may vary from those shown
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