Global Digital Signature Market Will Reach at a Highest CAGR of 30.2% by 2026

Posted by nileshdbmr on December 27th, 2019

Global digital signature market is set to witness a healthy CAGR of 30.2% in the forecast period of 2019 to 2026. The report contains data of the base year 2018 and historic year 2017.

Major Market Players

Few of the major competitors currently working in global digital signature market are  Adobe, OneSpan, Gemalto NV, Ascertia, DocuSign Inc., Entrust Datacard Corporation, SIGNiX, Secured Signing Limited., IdenTrust,Inc; RPost, HelloSign, MultiCert, GlobalSign, Citrix Systems. Inc, Zoho Corporation Pvt. Ltd., Gemalto NV, KOFAX INC., ACE Technology, Antares Systems Ltd., Cloud84. eMudhra Limited and among others.

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Digital signature is a mathematical technique with encoded and electronic stamp of verification on digital documents such as PDF files, word files and online legal contract papers .It help to solve the issue of impression and tempering in digital communication. It consists of each information of digital document that enables users to find out the source very quick and easily, identity and status of an electronic document. Digital signature is operated on the principle of cryptography technology.

Competitive Analysis

Global digital signature market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of digital signature market for Global, Europe, North America, Asia Pacific and South America.,

Segmentation: Global Digital Signature Market

• By Component (Hardware, Software, Services)
• By Deployment Mode (On-Premise, Cloud-Based)
• By Industry Verticals (Banking Financial Services and Insurance (BFSI), Education, Human Resource, Government, Real estate, IT & telecommunication, Healthcare and Life Sciences,
• By Others(Legal Services and Manufacturing)
• By Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)

Market Drivers:

• High investment by government, public and private sector for security purpose is driving the market growth
• Upgraded operational efficiency at lower OPEX is fueling the growth of the market
• Advancement in digital technology is driving the market growth
• Presence of several mobile devices worldwide is boosting the growth of the market

Market Restraints:

• Lack of information about the legality of digital signature is restraining the market growth
• Changes in rules and regulations of digital signature across the regions is hampering the growth of the market

Key Insights in the report:

• Complete and distinct analysis of the market drivers and restraints
• Key Market players involved in this industry
• Detailed analysis of the Market Segmentation
• Competitive analysis of the key players involved

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