Industry Background:
Digital transaction management (DTM) is known as one of the easiest on-ramps to digital transformation. Digital Transaction Management basically consists of managing the transactions of document-based in completely electronic manner. Digital Transaction Management (DTM) has been emerged as a new category of cloud services which is designed to digitally manage the document-based transactions. DTM removes the friction inherent of the transactions which involve people, documents, and data to create easier, faster, more convenient, and secure processes. DTM is all about the streamlining business processes by keeping document processes fully digital, including, but not limited to, the electronic signature
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Adobe Systems Incorporated (United States), Namirial SPA (Italy), DocuSign Inc. (United States), Nintex Global Ltd. (United Kingdom), HELLOSIGN (United States), ZorroSign, Inc. (United States), AssureSign LLC (United States), ThinkSmart LLC (United States), Kofax, Inc. (United States) and eOriginal, Inc. (United States) |
According to AMA, the market for Digital Transaction Management is expected to register a CAGR of 29.2% during the forecast period to 2028. This growth is primarily driven by High adoption of cloud services by banking sector and Rapid growth of e-Commerce.
Globally, a noticeable market trend is evident Changeover of paper documentation with electronic/digital documentation Increasing trend of royalty-based businesses The Cloud Computing sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Adobe Systems Incorporated (United States), Namirial SPA (Italy), DocuSign Inc. (United States), Nintex Global Ltd. (United Kingdom), HELLOSIGN (United States), ZorroSign, Inc. (United States), AssureSign LLC (United States), ThinkSmart LLC (United States), Kofax, Inc. (United States) and eOriginal, Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Key Developments in the Market:
In November 2023, IBM launched its AI-powered fraud detection solution, IBM Cloud Pak for Fraud Detection. This solution leverages artificial intelligence and machine learning to detect and prevent fraudulent transactions in real-time.
Influencing Trend:
Changeover of paper documentation with electronic/digital documentation Increasing trend of royalty-based businesses
Market Growth Drivers:
High adoption of cloud services by banking sector and Rapid growth of e-Commerce
Challenges:
Cyber threats associated with the cloud system
Restraints:
Lack of technical expertise and trust among consumers
Opportunities:
Growing advancement in digital technology
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Digital Transaction Management Market
- Analysis about New Entrants in Digital Transaction Management Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Digital Transaction Management Study Sheds Light on
The Digital Transaction Management Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Digital Transaction Management industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Transaction Management industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.