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

Overview:

The global digital signature market is in the nascent stage of development and is expected to witness strong gains during the forecast period 2017 – 2025. Government regulations and directives promoting enterprises, business organizations, financial institutions, and legal firms to implement digital signatures for ensuring quality customer experience, improve productivity, enhance security, and streamline workflow is driving market growth. In addition, initiatives taken by the government to improve the awareness regarding benefits of digital signatures is also expected to support market growth.  These factors are expected to contribute towards a double digit compounded annual growth rate (CAGR) during the forecast period 2017 – 2025.

Digital Signature Market

Report Scope

This report analyzes the global digital signature market in terms of deployment mode, end-use application, and geography. On the basis of 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, Middle East and Africa, and Latin America.

Digital Signature Market

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 with in-depth insights to enable them 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

1.1.2   USP and Key Offerings

The report titled “Global Digital Signature Market - Growth, Share, Opportunities, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global Digital Signature market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on deployment, end-use application, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading digital signature vendors, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and recent developments. Other in-depth analysis provided in the report includes:

  • An overview of the global digital signature market
  • Current and future market trends to justify the forthcoming attractive sub-markets within the digital signature market
  • Qualitative assessment tools such as market drivers, challenges and future prospects, value chain, and attractive investment proposition.
  • Focus on each level of market segmentation based on product approvals, launch, and current and anticipated market dynamics.
  • A general overview of the industry structure
  • Company profiles highlighting key information about the major players operating in the global digital signature market
  • Market competition scrutiny tools such as market share analysis, fractal map, etc.
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global digital signature market, offering market size and estimates for the period from 2015 to 2025, keeping in mind the above mentioned factors

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

  • Banking Financial Service and Insurance (BFSI)
  • Government
  • Education
  • Retail
  • Transportation
  • Others (Real Estate, Healthcare, etc.)

The contribution of these end-use segments to the global digital signature verification market in 2015 is as shown in the figure below.

Digital Signnature Market

As of 2015, 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 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. The governments are investing substantial amounts for digitization of their processes and documentation, which, in turn is expected to support adoption of digital signatures.

On the basis of geography, the global digital signature market is segmented into 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

The following figure represents contribution of different regions (North America, Europe, Asia Pacific, and Rest of World) to the global digital signature market in 2015.

Digital Signnature Market

North America comprising Canada and the United States is currently the largest digital signature market in terms 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 implementation of digital signature, especially in financial and legal service firms is 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 2017 – 2025. On the other hand, Asia Pacific is expected to witness maximum growth, outpacing North America and Europe during the same period. Evolving digital habits of consumers coupled with the governments’ initiatives to promote paperless and secure working environment at enterprises is expected to spur market growth in the region.

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Published Date:  Apr 2017
Category:  Technology & Media
Report ID:   58426
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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