About Digital Signature
Digital signature is used to validate data or information in digital form by using secured key encryption methods. This system provides added security but issues related with its implementation affect the market adversely. It is highly suitable for parties involved in regular transactions as signer needs to obtain a digital certificate from government bodies. Small and medium enterprises are finding ways and means to introduce this electronic signature system which offers a great opportunity for service providers.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
This comprehensive market report and in-depth analysis offer you the closest estimations of revenue figures for the digital MRO industry and its specific segments. It presents a vibrant ecosystem of the digital MRO market to help stakeholders understand the competitive landscape and enable them to plan effective go-to-market strategies. The report also sheds light on key market drivers, obstacles, opportunities, and challenges which gives an understanding of the market's pulse. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Digital Signature market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Adobe Systems, Inc. [United States], Gemalto, Inc. [Netherlands], Secured Signing Limited [New Zealand], Signix [United Kingdom], Ascertia [United Kingdom], Entrust Datacard Corp [United States], ESignLive [United States] and DocuSign [United States] are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Identrust [United States], RPost Technologies [United States], HelloSign [United States], MultiCert [Portugal], GlobalSign [United States], RightSignature [United States], Zoho Corp [India] and Kofax [United States].
Segmentation Overview
AMA Research has segmented the market of Global Digital Signature market by and Region.
On the basis of geography, the market of Digital Signature has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Deployment Type, the sub-segment i.e. On-Premise will boost the Digital Signature market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry Verticals, the sub-segment i.e. BFSI will boost the Digital Signature market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Solution, the sub-segment i.e. Hardware will boost the Digital Signature market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Improved Efficiency of Digital Signature in Multi-Transaction Contracts and Emphasizing on Better Cost and Time Management Among Enterprises with an Added Focus on Creating Greener and Paperless Economy
Market Growth Drivers:
Growing Need for Electronic Security Amid Increasing Threat Perception and Rising Investment by Enterprise in Electronic Documents Fueled by Government Support
Challenges:
Complexity Involved in Implementation of Digital Signature System Owing to Already Established Business Models and Lack of Awareness and Reluctance Among Rural Population Across Low and Middle Economies
Restraints:
Lack of Uniformity in Different Regions Over Regulations Related to Digital Signature and Issue Related with Legality of Digital Signature
Opportunities:
Growing Adoption in Small and Medium Enterprises
Market Leaders and their expansionary development strategies
In July 2023, these two leading certificate authorities merged to form a global cybersecurity powerhouse. This consolidation strengthens their reach and expertise in providing digital signature solutions.
In October 2023, PandaDoc unveiled its "Complete" package, integrating e-signatures, document editing, and proposal management tools into a single platform. This all-in-one solution streamlines document workflows for businesses seeking increased efficiency and cost-effectiveness.
Laws regarding digital signature lacks interoperability globally. The United States Electronic Signatures in Global and National Commerce (ESIGN) Act as well as Uniform Electronic Transactions Act (UETA) have four major requirements for an electronic signature to be recognized as valid under U.S. law. Those requirements are -:, i.) Intent to sign, ii.) Consent to do business electronically, iii.) Association of signature with the record and iv.) Record retention.
Key Target Audience
Digital Signature Service Providers, Government Agencies, Electronic Signature Validating Bodies, Potential Investors, Research Institutes and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.