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Digital Signature Market By Mode Of Deployment (On-Premise, Cloud-Based), By End-Use Application (Bfsi, Government, Education, Retail, Transportation) - Growth, Future Prospects And Competitive Analysis 2015 - 2025

The global digital signature market is in a nascent stage of development and is expected to witness strong gains during the forecast period of 2017–2025. Government regulations and directives promoting enterprises, business organizations, financial institutions, and legal firms to implement digital signatures for ensuring quality customer experiences, improving productivity, enhancing security, and streamlining workflow are driving market growth.

In addition, initiatives taken by the government to improve awareness regarding the benefits of digital signatures are also expected to support market growth. These factors are expected to contribute to a double-digit compounded annual growth rate (CAGR) during the forecast period of 2017–2025.

Report Scope

This report analyses the global digital signature market in terms of deployment mode, end-use application, and geography. On the basis of the mode of deployment, the market is segmented into on-premise and cloud-based. Similarly, on the basis of end-use applications, the global digital signature market is further classified into BFSI, government, education, retail, and transportation, among others.

The geographical distribution of the global digital signature market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America.

1.1 Report Description

Purpose of the Report

The purpose of this strategic research study titled "Digital Signature Market: Growth, Share, Opportunities, and Competitive Analysis, 2017–2025" is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the Digital Signature market.

1.1.1 Target Audience

  • Industry Investors
  • Digital Signature Solution Providers
  • Digital Signature Verification Vendors
  • End-users

On the basis of end-use application, the digital signature market is categorized into the following segments:

  • Banking, Financial Services, and Insurance (BFSI)
  • Government
  • Education
  • Retail
  • Transportation
  • Others (real estate, healthcare, etc.)

As of 2015, the BFSI and government segments represented the two most prominent application segments in the global digital signature market. The segments collectively accounted for over 40% of the global market's revenue in the same year. The financial documents, including insurance policies, financial instruments, and agreements, can be easily handled and signed by both parties, which in turn avoids time delays and errors, thereby increasing accuracy and completion rates.

On the other hand, government agencies, especially in developed economies like North America and Europe, are mandating the use of digital signatures for e-government applications. Governments are investing heavily in digitizing their processes and documentation, which is expected to support the adoption of digital signatures.

On the basis of geography, the global digital signature market is segmented into the following regions and countries:

  • North America
  • U.S.
  • rest of North America
  • Europe
  • U.K.
  • France
  • Germany
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • Middle East and Africa

North America, comprising Canada and the United States, is currently the largest digital signature market in terms of revenue, followed by Europe and Asia Pacific, respectively. In the base year 2016, Europe and North America accounted for over 60% of the global market revenue. Government regulations supporting the implementation of digital signatures, especially in financial and legal service firms, are seen as the major factor driving market growth in these regions.

The trend shall prolong, and North America is presumed to remain the largest market throughout the forecast period of 2017–2025. On the other hand, Asia-Pacific is expected to witness maximum growth, outpacing North America and Europe during the same period. Consumers' evolving digital habits, combined with government initiatives to promote a paperless and secure working environment at businesses, are expected to drive market growth in the region. 

Frequently Asked Question:

The market for Biosimilars Treatment Market is expected to reach USD$ XX in 2025.

The Biosimilars Treatment Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2015 -2025.

The base year of this report is 2014.

P Adobe Systems Inc., Secured Signing Ltd., Gemalto NV, Ascertia, Entrust Datacard Corporation, SIGNiX .are of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Apr 2017
Category:  Technology & Media
Report ID:   58426
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
Delivery Time: 24 Hours to 48 Hours   
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