The digital signature market size is expected to grow from USD 512.5 Million in 2015 to USD 2.02 Billion by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 31.6% during the forecast period. The major growth drivers of the market include reduced business operational costs, superior customer experience, and enhanced security and control. New opportunities for this market, such as the development of ecommerce across the emerging economies, increase in the adoption of cloud-based security solutions, and digital transformation, are expected to shape the future of the market.
Complete report on Digital Signature Market spread across 113 Pages, Profiling 9 Top Companies and Supported with 49 Tables and 35 Figures is now available at http://www.reportsnreports.com/reports/490786-digital-signature-market-by-solution-software-and-hardware-by-services-managed-and-professional-by-deployment-cloud-and-in-premises-by-application-and-by-region-global-forecast-to-2020.html .
“Reduced operational costs and need to provide superior customer experience are contributing toward the growth of the digital signature market”
The North America region is expected to continue being the largest revenue generator region for digital signature vendors for the next five years followed by Europe. This is mainly because of the presence of various developed economies such as Canada and the U.S., and because of high focus on innovations through R&D and technology. The high penetration of digital signature in multiple verticals, such as finance, legal, and Human Resource (HR), is driving the market in the region.
“North America is expected to have the largest market share”
The global market has been segmented on the basis of regions into North America, Asia-Pacific (APAC), Europe, Middle East and Africa (MEA), and Latin America, to provide a region-specific analysis in the report. The North American region is expected to continue being the largest revenue generator region for digital signature vendors for the next five years, followed by Europe. This is mainly because in the developed economies of Canada and the U.S., there is a high focus on innovations obtained from Research and Development (R&D) and technology. Europe is expected to be the fastest-growing region in the digital signature market. The growth in this region is primarily driven by the growing awareness among the enterprises.
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This report will help in the better understanding of the competitors and in gaining more insights to better one’s position in the market. There is a separate section on competitive landscape, which includes competitor ecosystem, mergers and acquisitions, integrations and expansions, and collaborations of various market vendors. Besides, there are company profiles of ten players in this market. In this section, market internals are provided that can put one ahead of the competitors.
The report includes the study of key players offering digital signature solutions and services: Adobe Systems (U.S.), Inc., DocuSign (U.S.), Inc., Gemalto, Inc. (Europe), Secured Signing Ltd. (U.S.), SIGNiX (U.S.), Ascertia Limited (U.K.), Entrust Datacard Corporation (U.S.), eSignLive (U.S.), IDenTrust, Inc. (U.S.), and RPost Technologies (U.S.).
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The study validates the market size of segments and sub-segments through secondary research and in-depth primary interviews. Various industry leaders in Tier 1, Tier 2, and Tier 3 companies were contacted for primary interviews. The in-depth interviews were conducted with CEOs, marketing directors, other innovation and technology directors, and executives from various key organizations operating in the digital signature market.
- By Company type – Tier 1- 30%, Tier 2- 40%, Tier 3- 30%
- By Designation – C-Level – 72%, Director Level- 14%. Others- 14%
- By Region – North America- 57%, Europe-14%, Asia-Pacific- 29%
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Among applications, finance is expected to hold the largest market share in 2015 and is expected to grow at the highest CAGR from 2015 to 2020. Financial firms are delving deeper into digital signature to realize faster time-to-value and improve operational performance and decision outcomes.
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