Noida Chronicle

Digital Signature Market Growing at a CAGR 33.1% | Key Player Onespan, Docusign, Idemia, Globalsign, Ascertia

 Breaking News
  • No posts were found

Digital Signature Market Growing at a CAGR 33.1% | Key Player Onespan, Docusign, Idemia, Globalsign, Ascertia

January 05
16:13 2022
Digital Signature Market Growing at a CAGR 33.1% | Key Player Onespan, Docusign, Idemia, Globalsign, Ascertia
Adobe Inc. (US), OneSpan (US), Thales (France), DocuSign, Inc. (US), Ascertia (UK), Zoho (India), Secured Signing (New Zealand), Entrust Datacard (US), DigiCert, Inc. (US), IdenTrust (US), GlobalSign (US), Symtrax (US), ComSignTrust (Israel), Multicert (Portugal), AlphaTrust Corporation (US), SunGard SIGNiX Inc. (US), Notarius (Canada), RNTrust (UAE)
Digital Signature Market by Component (Solutions and Services), Solution (Software and Hardware), Deployment Mode, Organization Size, Vertical (BFSI, Government, Healthcare and Life Sciences, Legal, Real Estate), and Region – Global Forecast to 2026

The global digital signature market size is projected to grow from USD 4.0 billion in 2021 to USD 16.8 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 33.1% during the forecast period.

Legal vertical segment is expected to grow with the highest CAGR during the forecast period

Digital signatures help the legal firms fasten and fully automate the slow, complex, and expensive traditional paper-based signing process and achieve increased efficiency, reduced manual processing, improved compliance, maintained eRecord, facilitated reporting, reduced document turnaround time, and digital transformation. The US has two laws that govern the legal effect of electronic signatures. These laws are the state’s Uniform Electronic Transactions Act (UETA) and the federal’s Electronic Signatures in Global and National Commerce Act (E-SIGN). European’s eIDAS regulation provides the three types of electronic signatures—simple, advanced, and qualified. Digital signatures allow law firms to adhere to the most stringent international security and privacy standards and regulations.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177504698

Cloud based deployment to grow with higher CAGR during the forecast period

Companies and various verticals across the globe adopt eSignature solutions in the cloud to achieve cost optimization, scalability, and flexibility. The paradigm shift of enterprises to digitalization and technologically advanced solutions is driving the demand for digital signature software among cloud companies. Cloud Signature Consortium, a group of industry organizations committed to build new standards for cloud-based digital signatures and supports businesses and governments to comply with the most demanding electronic signature regulations worldwide.

A digital signature is a type of electronic signature, which uses a mathematical algorithm routinely used to validate the authenticity and integrity of a digital document. Digital signatures create a virtual fingerprint unique to a person or entity and are used to identify users and protect the information in digital messages or documents. In emails, the email content itself becomes a part of the digital signature. Digital signatures are significantly more secure than other forms of electronic signatures

The major digital signature vendors include Adobe Inc. (US), OneSpan (US), Thales (France), DocuSign, Inc. (US), Ascertia (UK), Zoho (India), Secured Signing (New Zealand), Entrust Datacard (US), DigiCert, Inc. (US), IdenTrust (US), GlobalSign (US), Symtrax (US), ComSignTrust (Israel), Multicert (Portugal), AlphaTrust Corporation (US), SunGard SIGNiX Inc. (US), Notarius (Canada), RNTrust (UAE), Bit4id Ltd (Italy), and LAWtrust (South Africa).

These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the digital signature market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2020 to 2021 to innovate their offerings and broaden their customer base.

Request a Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=177504698

Adobe is a multinational software company with three major business segments: digital marketing, digital media, and print and publishing. These solutions help end users collaborate, store, and manage their content, audio and video files, and documents in a convenient manner. It offers products and services that are used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content and experiences across personal computers, devices, and media. It caters to large enterprises and SMEs in various verticals, such as media and entertainment, banking, and eCommerce. The company has its presence across regions, such as North America, Europe, APAC, and MEA.

Media Contact
Company Name: MarketsandMarkets
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/digital-signature-market-177504698.html

Related Articles