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Published Date: 2017-04-26Number of Pages: 163

Digital Signature Market (Deployment Type - On-Premise and Cloud; Industry Vertical - BFSI, Real Estate, Education, Government, Healthcare, Retail, Transportation, Legal, and Non-profit) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Global Digital Signature Market: Snapshot

Driven by the improved operational efficiency at reduced costs, enhanced security, and an organized workflow, the global market for digital signature is expected to witness a substantial rise over the forthcoming years. The rising number of government-funded and industry associations’ initiatives, such as awareness programs for various industries, is also projected to boost the growth of this market in the near future. However, the concerns among consumers over the legality of digital signatures and the disparity between digital signature regulations across various regions may limit the market’s progress over the next few years. In 2016, the global digital signature market was worth US$631.5 mn. Researchers expect it to rise at a notable CAGR of 26.40% from 2017 to 2025 and reach US$4,983.6 mn by the end of 2025.

digtial signature market

Cloud Deployment Model to Witness High Adoption Rate

On the basis of the type of deployment, the global market for digital signature has been segmented into on-premise-based digital signature solutions and cloud-based digital signature solutions. Currently, the demand for on-premise-based solutions is much higher than its cloud-based counterpart. However, the popularity of the latter is increasing by leaps and bounds and it will be safe to say that the cloud-based solutions will surpass the on-premise ones in the near future. The rising level of digitization and the growing adoption of cloud computing technologies, especially across Asia Pacific and Europe, are likely to support the cloud segment remarkably over the next few years.

In terms of the industry vertical, the market has been classified into the BFSI, real estate, education, government, healthcare, retail, transportation, legal, and various other sectors and nonprofit organizations. The BFSI segment dominated this market in 2016 with a share of 23%. Thanks to the advent of ‘digital client on boarding’ in the banking sector, is likely to boost the demand for digital signature in the BFSI industry over the forthcoming years.

Europe to Surpass North America in Future

The worldwide market for digital signature is spread across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. With US$205.0 in revenues, North America led the global market in 2016, thanks to the implementation of several regulations, such as ‘Health Information Technology for Economic and Clinical Health (HITECH) Act’ that encourages the acceptance and meaningful utilization of Information Technology (IT) across the healthcare industry.

Although the North America market for digital signature is expected to report a healthy rise, it will lose its grounds to the Europe market over the forthcoming years. Supported by the initiatives taken by the governments to create opportunities for organizations to conduct cross border business, the Europe digital signature market is likely to proliferate significantly in the near future. The enforcement of ‘Electronic Identification and Trust Services for Electronic Transactions in the Internal Market’ (eIDAS)’ by the Council of the European Union, establishing a new legal structure for electronic documents, identification, signatures and seals throughout the European Union is also projected to stimulate this market over the next few years.

The global market for digital signature is highly competitive in nature. Adobe Systems Inc., Gemalto NV, Secured Signing Ltd., SIGNiX, Ascertia, Entrust Datacard Corp., eSignLive, RPost, DocuSign Inc., IdenTrust Inc. and Thales e-Security Inc. are some of the prominent players operational in this market.

Global Digital Signature Market: Overview

The report on the global digital signature market provides analysis of this market for the period 2015–2025, wherein the years from 2017 to 2025 is the forecast period and 2016 is considered as the base year. Data for 2015 has been included as historical information. The report covers all the major trends and technologies playing a major role in the digital signature market growth over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during this period.

The study provides a holistic perspective on the market’s growth in terms of revenue (in US$ Mn) across different geographical regions, namely North America, Europe, Asia Pacific, Middle East & Africa and South America. Report highlights the key trends affecting the market in each region mentioned above. Furthermore, region wise prominent countries/regions covered in the report includes the following - the U.S, Canada, Germany, France, the U.K., China, Japan, Australia, GCC, South Africa and Brazil.

The market overview section of the report showcases the market dynamics and trends which includes drivers, restraints, opportunities and trends that influence the current nature and future status of this market. It also provides an overview about the key market indicators given across the five geographical regions. Under the porter’s five forces analysis section, a brief analysis of the level of competition within the digital signature industry and business strategy development is provided in order to determine the competitive attractiveness and intensity of the digital signature market. The report also includes key industry developments covering significant advances made by leading market players.

Based on different deployment options, the report segments the digital signature market into on-Premise and cloud. In cloud-based deployment model, documents can be signed digitally with the help of cloud hosted signing solutions. Here the user is not required to have a locally installed digital signing software. Whereas in on-premise deployment model, digital signature solutions are locally based and is not required to be connected to the cloud.

On the basis of industry vertical, the market has been segmented into BFSI, real estate, education, government, healthcare, retail, transportation, legal and other (nonprofit etc.). The segmentation provided has been analyzed thoroughly in the report. In terms of geography, the global digital signature market is classified into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Global Digital Signature Market: Competitive Landscape

The report provides the competitive landscape for the digital signature market, thereby listing out all the major players according to their geographic presence, market attractiveness and recent key developments. The competitive landscape section of the report gives an overview about the market share of several key players in the market for the year 2016. The digital signature market data estimates are the result of our in-depth secondary research, primary interviews and in-house expert panel reviews.

These market estimates have been analyzed by taking into account the impact of different political, social, economic, technological, and legal factors along with the current market dynamics affecting the market growth. The competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings and R&D focus are attributed to company’s capabilities. This section also identifies and includes various recent developments carried out by the leading players. Moreover, key takeaways section provided at the end of competitive landscape section would help the operating companies to make the best move in this market. 

Adobe Systems Incorporated, Gemalto NV, Secured Signing Limited, SIGNiX, Ascertia, Entrust Datacard Corp., eSignLive, RPost, DocuSign Inc., IdenTrust, Inc. and Thales e-Security, Inc. are few of the key players which have been profiled in this study. Details such as financials, business strategies, SWOT analysis, and other such strategic information pertaining to these players has been duly provided as part of company profiling.

The global digital signature market has been segmented as below:

By Deployment Type

  • On-Premise
  • Cloud

By Industry Vertical

  • BFSI
  • Real Estate
  • Education
  • Government
  • Healthcare
  • Retail
  • Transportation
  • Legal
  • Other (Nonprofit etc.)

By Region

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • Australia
    • Rest of Asia Pacific
  • ?Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Rest of South America


 
 
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