E-Signature Market 2030 : Scope and overview Growth, Opportunities | Sertifi Inc. , RPost , AssureSign LLC
The global e-signature market is forecast to reach the value of US$ 8872.3 million by 2030 by registering a compound annual growth rate (CAGR) of 21.5% during the forecast period from 2022-2030.
New York, United States -E-Signature Market report contains detailed information on factors influencing demand, growth, opportunities, challenges, and restraints. It provides detailed information about the structure and prospects for global and regional industries. In addition, the report includes data on research & development, new product launches, product responses from the global and local markets by leading players. The structured analysis offers a graphical representation and a diagrammatic breakdown of the E-Signature Market by region.
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The global e-signature market size was US$ 1,527.2 million in 2021. The global e-signature market is forecast to reach the value of US$ 8872.3 million by 2030 by registering a compound annual growth rate (CAGR) of 21.5% during the forecast period from 2022-2030.
Factors Influencing
Benefits like secure and controlled workflow, better user experience, and operational efficiency are fueling the growth of the global e-signature market.
The rising cases of identity thefts and frauds are forecast to propel the growth of the global e-signature market.
The growing demand for end-to-end customer relationships and safety for daily transactions is forecast to drive the growth of the global e-signature market during the study timeframe.
The time efficiency of e-signatures is forecast the offer significant growth opportunities to the market players. E-signature validates the user rapidly. Moreover, it also provides the secure transfer of documents. Thus, the global e-signature market growth would accelerate during the forecast period.
Governments’ regulations and trending digitalization across all verticals would propel the e-signature market growth.
The expansion of traditional business practices may hamper the growth of the global e-signature market during the forecast period.
Growing partnerships and collaborations in the e-signature industry are forecast to fuel the market growth. In 2018, DocuSign acquired SpringCM to expand its reach beyond electronic signatures and offer advanced solutions to end-users.
Geographic Analysis
Regionally, North America is forecast to present the largest e-signature market due to the increasing internet penetration across all verticals. Moreover, the growing online business practices would offer significant growth opportunities to the market players in the global e-signature market. Among all nations, the United States accounts for the largest share in North America’s e-signature market due to growing digitalization. The Asia-Pacific region is forecast to grow significantly due to the increasing penetration of digital technologies. Moreover, rising cases of identity thefts and other frauds would fuel the growth of the Asia-Pacific e-signature market. In addition, industry players would witness immense growth opportunities, mainly in the e-commerce domain in the region.
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COVID-19 Impact Analysis
The COVID-19 pandemic surged the demand for e-signatures. Due to the stringent regulations, various companies adopted digital solutions to continue their operations. It became necessary to save the files from fraud. Thus, the adoption of e-signatures rapidly grew during the pandemic period. The rising number of fraudulent activities mandated the use of efficient solutions. Moreover, it became necessary to ensure safe data sharing. As a result, the demand for e-signatures surged from all industries.
Competitors in the Market
Adobe Systems Inc.
Citrix Systems Inc
SIGNiX Inc
Docusign Inc.
SSL Europa France SAS
Gemalto NV
Sertifi Inc.
RPost
AssureSign LLC
Other prominent players
Market Segmentation
Based on Component
Software
Hardware
Service
Managed
Professional
Based on Deployment Type
Cloud
On-Premises
Based on Type
Public Key Infrastructure (PKI)
Username and Pin
Signature Pad at POS
Clickwrap
Voices Signature
Based on Use Case
Unmediated
Mediated
Third-Party
Internal
Based on Vertical
Banking, Financial Services, and Insurance (BFSI)
Government
IT & Telecom
Healthcare
Legal
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Based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
What is the goal of the report?
?The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes.
?During the forecast period, the report analyzes the growth rate, market size, and market valuation.
?The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets.
?The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.
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