Global Signature Pad Market Overview:
A signature pad is an electronic device that captures a person handwritten signature on an LCD touchpad using a pen-type stylus. This signature is then added to the form, along with a graphic that shows the handwriting. Thus, Signature Pad signatures provide a familiar feel for the signing process. For instance, favorable government initiatives in India, such as Digital India and growing security concern among consumers. With the increasing investment by e-signature software developing, companies across the Asia-Pacific and increasing demand for e-signature by large enterprises are expected to drive the growth of the e-signature market during forecast period.
Growth Drivers
- Legislative support to the e-signature technology escalates the global market growth
- Growing Adoption of Cloud-Based Services
- Improvising in Security and controlled workflow
Roadblocks
- Lack of Skilled Operators in Underdeveloped Countries
- Lack of Awareness Regarding Legality of Digital Signature
Opportunities
- Technological Innovations
- Increasing Penetration of Internet Among Developing Economies
- Growing Number of Online Transactions
Challenges
- Deeply-Entrenched Traditional Business Practices
Competitive Landscape:
Some of the key players profiled in the report are Topaz (United States), Huion (Canada), Wacom (Japan), Signotec (Denmark), UGEE (Canada), Hanvon (Canada), ePadLink (United States), Scriptel (United States), Step Over (Denmark) and Ambir (United StatesS). Additionally, following companies can also be profiled that are part of our coverage like Olivetti (Italy), Nexbill (South Korea) and Elcom (South Korea). Analyst at AMA Research see United States, Korean and Japanese Vendors to retain maximum share of Global Signature Pad market by 2026. Considering Market by Component Type, the sub-segment i.e. Hardware will boost the Signature Pad market. Considering Market by Deployment Model, the sub-segment i.e. On-Premises will boost the Signature Pad market.
Europe adopted a directive on e-signatures 93/1999 in the year 1999, while in the U.S., the legal enactment of e-commerce platform was done through Global and National Commerce (E-Sign) Act in 2000.
What Can be Explored with the Signature Pad Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Signature Pad Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Signature Pad
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Signature Pad market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Signature Pad market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Digital Signature Solution and Service Providers, Government Organizations, Consultants, End Users/Consumers/Enterprise Users, Software Providers, System Integrators and Resellers, Hardware Security Module (HSM) Manufacturers and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.