What is E-Notary Software Market?
E-notary software provides secure electronic notarization functionality for notaries public, lawyers, and anyone who needs to certify electronic documents. E-notary software offers greater security and convenience for both businesses and consumers who regularly deal with notarizations. Growing adoption of new technologies is one of the major factors driving the e-notary software market growth.
Highlights from E-Notary Software Market Study
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | DocVerify, Inc. (United States), LiveNotary LLC (United States), Notarize (United States), CERTIFY Global, Inc. (United States), Safedocs (United States), Apple Inc. (United States), SunGard Signix Inc (United States), eNotaryLog (United States) and NotaryCam, Inc. (United States) |
Global E-Notary Software is a fragmented market due to the presence of various players. The players are focusing on investing more in launching software. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
DocVerify, Inc. (United States), LiveNotary LLC (United States), Notarize (United States), CERTIFY Global, Inc. (United States), Safedocs (United States), Apple Inc. (United States), SunGard Signix Inc (United States), eNotaryLog (United States) and NotaryCam, Inc. (United States) are some of the key players profiled in the study. E-Notary Software Market Segmentation:
Scope | Sub-Segments |
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Type | Cloud-Based and Web-Based |
Business Size | Large Business,Small and Medium Business |
Pricing | Monthly,Annually |
Verticals | Financial Services,Insurance,Real Estate,Government,Others |
On the basis of geography, the market of E-Notary Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- High Demand for E-Notary Software as it offers Greater Security and Convenience for Both Businesses and Consumers
- Businesses focus on Accelerate the Pace of Business with Fully Remote, Electronic Notarizations
Market Trend
- Growing Digitalization and Penetration of the Internet
Restraints
- Concerns Related to Growing Number of Online Scams
Opportunities
- Robust Set of Features to Facilitate Remote Online Notarization (RON) Transactions
- Growing Number of Property Transactions
Challenges
- More Expensive than other Options for Notarizing
Market Leaders & Development Strategies
On 23rd March 2022, PandaDoc announced the acquisition of LiveNotary. The acquisition furthers PandaDoc’s mission to build a full scope of digital document management solutions for SMBs, including legally binding agreements, transactions, proposals and more.
On 7th July 2021, Evolve Mortgage Services acquired E-Notary Seal LLC. The acquisition allows mortgage borrowers to remotely sign and notarize a document from anywhere on any device. The acquisition enables Evolve to provide closings for title and mortgage companies through a single, end-to-end digital process.
Key Target Audience
E-Notary Software Developers, Regulatory Bodies, Potential Investors, Research and Development Institutes and Others