Allied-Market-Research-mobile

Coming Up With New Logo

Cart
0
Get 20% Free Customization In This Report

Digital Signature Market by Component (Hardware, Software, Services), Deployment Type (On-premises, Cloud-based), Industry Vertical (BFSI, Education, Human Resource, IT & Telecommunication, Government, Healthcare & Life Science, Real Estate) - Global Opportunity Analysis and Industry Forecast, 2014 - 2022

  • ID: IC 171960
  • Mar 2017
  • 180 pages
  • Price: $4296
$2765

Digital Signature Market Overview:

Digital Signature Market was valued at $517 million, and is expected to reach $3,440 million by 2022. The global digital signature market is analyzed based on the type of component such as hardware, software, and services. Digital signature is a part of electronic signatures, which is used to secure data through asymmetric cryptography. Electronic documents are secured using the process of encryption at the sender’s end. To access the data, the receiver must be authorized to decrypt the data sent by the creator. The following illustration depicts the functioning of the digital signature process:

Digital Signature Process

Digital signature solution offers various advantages such as increased efficiency, reduced turnover time, lower costs, and enhanced security. Also, it ensures enhanced data integrity, scalability, and transparency, and customer satisfaction, propelling the digital signature market growth. Rise in online banking as well as e-commerce activities and increase in internet penetration fuel the adoption of digital signature across various industries.

Based on deployment type, the market is divided into on-premises and cloud-based. Further, the report analyzes the digital signature market based on industry verticals, which include Banking, Financial Services, and Insurance (BFSI), education, human resource, IT & telecommunication, government, real estate, healthcare & life science, and others. The digital signature market is analyzed based on four regions, which include North America, Europe, Asia-Pacific, and LAMEA.

Opportunities:

Innovation in Technology

Technological innovations stimulate the adoption of digital signature technology among users. The digital signature technology can improve security mechanism for transmitting e-documents, owing to more secured encryption, and use of advanced public key infrastructures (PKIs) and other efficient locking mechanism.

Increase in Adoption of Cloud-based Solutions

Cloud-based deployment of digital signature solutions has gained widespread acceptance across the globe on account of lower implementation costs and easy of availability of cloud storage. As per our analysis, cloud-based deployment segment dominated the global market in terms of revenue, and is expected to maintain this trend throughout the forecast period.

Segmentation

Component

By component segment, services segment is expected to grow at a considerable growth rate during the forecast period. Digital signature services allow easy, efficient, and secure way to handle the queries related to document signing activities. For instance, eSign is an innovative initiative that authenticates the signer using Adhar Card eKYC services through Application Service Providers (ASPs).

North America and Europe together accounted for about 80.3% of the global digital signature services market in 2015, with the former constituting around 50%. From a growth perspective, Europe and Asia-Pacific are the two potential markets, which are expected to witness significant growth rates during the forecast period.

Deployment Type

Among deployment type segments, cloud-based deployment segment dominated the global digital signature market and is anticipated to continue its dominance throughout the forecast period owing to lower costs and easy availability of the cloud storage services and solutions. Cloud computing uses resource sharing methods instead of managing the applications by individual devices or local servers. The cloud allows the function of application software through internet-enabled devices. There are four types of deployment models available in cloud-public, private (internal), hybrid, and community.

Cloud-based deployment type has been gaining momentum in the digital signature industry, and is expected to witness significant increase in its adoption in the near future. The major factors driving the market growth include widespread availability of cloud services (especially SaaS model), low cost of installation, other cost benefits (such as renting cyber space for definite period leading to reduction in the cost of ownership), and availability of various types of models.

Industry Verticals

In industry verticals segment, BFSI segment is forecasted to grow at the highest growth rate during the forecast period. North America and Europe jointly accounted for about 70% of the digital signature market in the BFSI industry in 2015, with the former constituting around 37.5%.

Banking transaction have witnessed a paradigm shift from face-to-face to digital platforms such as ATMs, kiosks, tablets, smartphones, and online. This trend has significantly allowed customers to opt for convenient and quick banking channels. However, the associated risks involved due to use of this technology such as identity theft, account hacking, unauthorized money transfer, fraud, fishing, and other cyber-threats have limited the use of this technology. The introduction of digital signature in such transactions significantly minimizes these risks and delivers improved results in terms of speed of transaction, cost reduction, and enhanced customer services.

Among industry verticals, government sector is expected to grow at the second highest CAGR during the forecast period. Local and central governments of countries were earlier inclined towards paper-intensive mode of operation due to specific requirements such as decision traceability, strong audit trails, and control. However, government of various countries are increasingly deploying the digital signature technology to adapt to the reforming digital era and reduce operational expenses.

North America and Europe jointly accounted for about 70.2% of the global digital signature market in the government sector in 2015, with the former constituting around 42.8%.

Geography

In geography segment, North America digital signature market was the highest contributor in overall revenue and is expected to continue its dominance throughout the analysis period. This growth is majorly driven by high adoption of digital signature technology and presence of already established infrastructure. BFSI and government jointly accounted for about 41.1% of the North America digital signature market in 2015, with the former constituting around 22.8%. From a growth perspective, BFSI and government are the two potential markets, which are expected to witness significant growth rates during the forecast period.

Further, Asia-Pacific digital signature market is forecasted to grow at the second highest CAGR during the forecast period. The region is expected to exhibit rapid adoption of digital signature technology in the coming years. The Indian Government has taken proactive initiatives for the adoption of digital signatures. For instance, in July, 2006, the Indian Government launched the E-governance program MCA21 to promote the use of digital signature certificate for e-forms with equivalent recognition and validity as that of handwritten signature.

China and rest of Asia-Pacific jointly accounted for about 52.8% share of the Asia-Pacific digital signature market in 2015, with the former constituting around 35.5%. From a growth perspective, Australia and India are the two potential markets, which are expected to witness significant growth rates during the forecast period.

Digital Signature Market Key Segments

By Component

  • Hardware
  • Software
  • Services

By Deployment Type

  • On-premises
  • Cloud-based

By Industry Vertical

  • BFSI
  • Education
  • Human Resource
  • IT & Telecommunication
  • Government
  • Healthcare & Life Science
  • Real Estate
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players Profiled in the Report

  • Ascertia
  • Adobe Systems, Inc.
  • Docusign
  • Entrust Datacard Group
  • Esignlive By Vasco
  • Gemalto N.V.
  • Identrust Inc.
  • Kofax Limited (a Lexmark Company)
  • Rpost Technologies
  • Secured Signing Limited

Other Market Players Mentioned in the Report

  • SIGNiX
  • Arthur D. Little
  • Shachihata Inc.
 

Chapter: 1 INTRODUCTION

1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY

1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
1.4.4. Market segmentation

Chapter: 2 EXECUTIVE SUMMARY

2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW

3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS

3.2.1. Top winning strategies
3.2.2. Top investment pockets

3.3. PORTERS FIVE FORCES ANALYSIS

3.3.1. Moderate bargaining power of buyers due to high switching costs
3.3.2. Moderate bargaining power of suppliers due to presence of intense competition
3.3.3. High degree of competition due to presence of large number of players
3.3.4. Moderate threat of new entrants due to high initial investments and continuous innovation
3.3.5. High threat of substitute due to high appreciation for biometric technology

3.4. MARKET SHARE ANALYSIS, 2015
3.5. MARKET DYNAMICS

3.5.1. Drivers

3.5.1.1. Enhanced operational efficiency leads to reduction in costs
3.5.1.2. High acceptance of digital signatures in internal processes or communication in enterprises
3.5.1.3. Growing need for data security and authentication owing to increase in cyber attacks

3.5.2. Restraints

3.5.2.1. Resistance in variation of existing applications or systems
3.5.2.2. High cost of investment

3.5.3. Opportunities

3.5.3.1. Innovation in technology
3.5.3.2. Increase in adoption of cloud based solutions
3.5.3.3. New legislations promoting the use of digital signature

3.5.4. Top impacting factors

Chapter: 4 GLOBAL DIGITAL SIGNATURE MARKET, BY COMPONENT

4.1. MARKET OVERVIEW
4.2. HARDWARE

4.2.1. Key market trends
4.2.2. Key growth factors and opportunities
4.2.3. Market size and forecast

4.3. SOFTWARE

4.3.1. Key market trends
4.3.2. Key growth factors and opportunities
4.3.3. Market size and forecast

4.4. SERVICES

4.4.1. Key market trends
4.4.2. Key growth factors and opportunities
4.4.3. Market size and forecast

Chapter: 5 GLOBAL DIGITAL SIGNATURE MARKET, BY DEPLOYMENT TYPE

5.1. OVERVIEW
5.2. ON-PREMISE

5.2.1. Key market trends
5.2.2. Key growth factors and opportunities
5.2.3. Market size and forecast

5.3. CLOUD-BASED

5.3.1. Key market trends
5.3.2. Key growth factors and opportunities
5.3.3. Market size and forecast

Chapter: 6 GLOBAL DIGITAL SIGNATURE MARKET, BY INDUSTRY VERTICALS

6.1. OVERVIEW
6.2. BANKING, FINANCIAL SERVICES, AND INSURANCE (BFSI)

6.2.1. Key market trends
6.2.2. Key growth factors and opportunities
6.2.3. Market size and forecast

6.3. EDUCATION

6.3.1. Key market trends
6.3.2. Key growth factors and opportunities
6.3.3. Market size and forecast

6.4. HUMAN RESOURCE

6.4.1. Key market trends
6.4.2. Key growth factors and opportunities
6.4.3. Market size and forecast

6.5. IT & TELECOMMUNICATION

6.5.1. Key market trends
6.5.2. Key growth factors and opportunities
6.5.3. Market size and forecast

6.6. GOVERNMENT

6.6.1. Key market trends
6.6.2. Key growth factors and opportunities
6.6.3. Market size and forecast

6.7. HEALTHCARE & LIFE SCIENCE

6.7.1. Key market trends
6.7.2. Key growth factors and opportunities
6.7.3. Market size and forecast

6.8. REAL ESTATE

6.8.1. Key market trends
6.8.2. Key growth factors and opportunities
6.8.3. Market size and forecast

6.9. OTHERS (LEGAL SERVICES AND MANUFACTURING)

6.9.1. Key market trends
6.9.2. Key growth factors and opportunities
6.9.3. Market size and forecast

Chapter: 7 DIGITAL SIGNATURE MARKET, BY GEOGRAPHY

7.1. OVERVIEW
7.2. NORTH AMERICA

7.2.1. Key trends
7.2.2. Key growth factors and opportunities
7.2.3. Market size and forecast
7.2.4. U.S.

7.2.4.1. Market size and forecast

7.2.5. Canada

7.2.5.1. Market size and forecast

7.2.6. Mexico

7.2.6.1. Market size and forecast

7.3. EUROPE

7.3.1. Key market trends
7.3.2. Key growth factors and opportunities
7.3.3. Market size and forecast
7.3.4. UK

7.3.4.1. Market size and forecast

7.3.5. Germany

7.3.5.1. Market size and forecast

7.3.6. France

7.3.6.1. Market size and forecast

7.3.7. Italy

7.3.7.1. Market size and forecast

7.3.8. Spain

7.3.8.1. Market size and forecast

7.3.9. Rest of Europe

7.3.9.1. Market size and forecast

7.4. ASIA-PACIFIC

7.4.1. Key market trends
7.4.2. Key growth factors and opportunities
7.4.3. Market size and forecast
7.4.4. China

7.4.4.1. Market size and forecast

7.4.5. India

7.4.5.1. Market size and forecast

7.4.6. Japan

7.4.6.1. Market size and forecast

7.4.7. Australia

7.4.7.1. Market size and forecast

7.4.8. Rest of Asia-Pacific

7.4.8.1. Market size and forecast

7.5. LAMEA

7.5.1. Key market trends
7.5.2. Key growth factors and opportunities
7.5.3. Market size and forecast
7.5.4. Latin America

7.5.4.1. Market size and forecast

7.5.5. Middle East

7.5.5.1. Market size and forecast

7.5.6. Africa

7.5.6.1. Market size and forecast

Chapter: 8 COMPANY PROFILES

8.1. ASCERTIA

8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Business performance
8.1.4. Key strategic moves & developments

8.2. ADOBE SYSTEMS, INC.

8.2.1. Company overview
8.2.2. Company snapshot
8.2.3. Business performance
8.2.4. Key strategic moves & developments

8.3. DOCUSIGN

8.3.1. Company overview
8.3.2. Company snapshot
8.3.3. Business performance
8.3.4. Key strategic moves & developments

8.4. ENTRUST DATACARD GROUP

8.4.1. Company overview
8.4.2. Company snapshot
8.4.3. Business performance
8.4.4. Key strategic moves & developments

8.5. ESIGNLIVE BY VASCO

8.5.1. Company overview
8.5.2. Company snapshot
8.5.3. Business performance
8.5.4. Key strategic moves & developments

8.6. GEMALTO N.V.

8.6.1. Company overview
8.6.2. Company snapshot
8.6.3. Business performance
8.6.4. Key strategic moves & developments

8.7. IDENTRUST INC.

8.7.1. Company overview
8.7.2. Company snapshot
8.7.3. Business performance
8.7.4. Key strategic moves & developments

8.8. KOFAX LIMITED (A LEXMARK COMPANY)

8.8.1. Company overview
8.8.2. Company snapshot
8.8.3. Business performance
8.8.4. Key strategic moves & developments

8.9. RPOST TECHNOLOGIES

8.9.1. Company overview
8.9.2. Company snapshot
8.9.3. Business performance
8.9.4. Key strategic moves & developments

8.10. SECURED SIGNING LIMITED

8.10.1. Company overview
8.10.2. Company snapshot
8.10.3. Business performance
8.10.4. Key strategic moves & developments

LIST OF TABLES

TABLE 1. GLOBAL DIGITAL SIGNATURE MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 2. GLOBAL DIGITAL SIGNATURE HARDWARE MARKET BY REGION, 2014-2022 ($MILLION)
TABLE 3. GLOBAL DIGITAL SIGNATURE SOFTWARE MARKET BY REGION, 2014-2022 ($MILLION)
TABLE 4. GLOBAL DIGITAL SIGNATURE SERVICES MARKET BY REGION, 2014-2022 ($MILLION)
TABLE 5. GLOBAL DIGITAL SIGNATURE MARKET BY DEPLOYMENT TYPE, 2014-2022 ($MILLION)
TABLE 6. GLOBAL ON-PREMISES DIGITAL SIGNATURE MARKET BY REGION, 2014-2022 ($MILLION)
TABLE 7. GLOBAL CLOUD BASED DIGITAL SIGNATURE MARKET BY REGION, 2014-2022 ($MILLION)
TABLE 8. DIGITAL SIGNATURE MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 9. DIGITAL SIGNATURE MARKET: BFSI BY REGION, 2014-2022 ($MILLION)
TABLE 10. DIGITAL SIGNATURE MARKET: EDUCATION BY REGION, 2014-2022 ($MILLION)
TABLE 11. DIGITAL SIGNATURE MARKET: HUMAN RESOURCE BY REGION, 2014-2022 ($MILLION)
TABLE 12. DIGITAL SIGNATURE MARKET: IT & TELECOMMUNICATION BY REGION, 2014-2022 ($MILLION)
TABLE 13. DIGITAL SIGNATURE MARKET: GOVERNMENT BY REGION, 2014-2022 ($MILLION)
TABLE 14. DIGITAL SIGNATURE MARKET: HEALTHCARE & LIFE SCIENCE BY REGION, 2014-2022 ($MILLION)
TABLE 15. DIGITAL SIGNATURE MARKET: REAL ESTATE BY REGION, 2014-2022 ($MILLION)
TABLE 16. DIGITAL SIGNATURE MARKET: OTHERS BY REGION, 2014-2022 ($MILLION)
TABLE 17. DIGITAL SIGNATURE MARKET BY GEOGRAPHY, 2014-2022 ($MILLION)
TABLE 18. NORTH AMERICA DIGITAL SIGNATURE MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 19. NORTH AMERICA MARKET BY DEPLOYMENT TYPE, 2014-2022 ($MILLION)
TABLE 20. NORTH AMERICA DIGITAL SIGNATURE MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 21. NORTH AMERICA DIGITAL SIGNATURE MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 22. EUROPE DIGITAL SIGNATURE MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 23. EUROPE DIGITAL SIGNATURE MARKET BY DEPLOYMENT TYPE, 2014-2022 ($MILLION)
TABLE 24. EUROPE DIGITAL SIGNATURE MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 25. EUROPE DIGITAL SIGNATURE MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 26. ASIA-PACIFIC DIGITAL SIGNATURE MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 27. ASIA-PACIFIC DIGITAL SIGNATURE MARKET BY DEPLOYMENT TYPE, 2014-2022 ($MILLION)
TABLE 28. ASIA-PACIFIC DIGITAL SIGNATURE MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 29. ASIA-PACIFIC DIGITAL SIGNATURE MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 30. LAMEA DIGITAL SIGNATURE MARKET BY COMPONENT, 2014-2022 ($MILLION)
TABLE 31. LAMEA DIGITAL SIGNATURE MARKET BY DEPLOYMENT TYPE, 2014-2022 ($MILLION)
TABLE 32. LAMEA DIGITAL SIGNATURE MARKET BY INDUSTRY VERTICAL, 2014-2022 ($MILLION)
TABLE 33. LAMEA DIGITAL SIGNATURE MARKET BY COUNTRY, 2014-2022 ($MILLION)
TABLE 34. COMPANY SNAPSHOT:ASCERTIA
TABLE 35. COMPANY SNAPSHOT: ADOBE SYSTEMS, INC.
TABLE 36. COMPANY SNAPSHOT: DOCUSIGN
TABLE 37. COMPANY SNAPSHOT: ENTRUST DATACARD GROUP
TABLE 38. COMPANY SNAPSHOT: ESIGNLIVE BY VASCO
TABLE 39. COMPANY SNAPSHOT: GEMALTO N.V.
TABLE 40. COMPANY SNAPSHOT: IDENTRUST INC.
TABLE 41. COMPANY SNAPSHOT: KOFAX LIMITED (A LEXMARK COMPANY)
TABLE 42. COMPANY SNAPSHOT: RPOST TECHNOLOGIES
TABLE 43. COMPANY SNAPSHOT: SECURED SIGNING LIMITED

LIST OF FIGURES

FIGURE 1. MARKET SEGMENTATION: DIGITAL SIGNATURE MARKET
FIGURE 2. DIGITAL SIGNATURE PROCESS
FIGURE 3. TOP WINNING STRATEGIES, 20132016 (%)
FIGURE 4. TOP WINNING STRATEGIES, 20132016
FIGURE 5. TOP INVESTMENT POCKETS
FIGURE 6. PORTERS FIVE FORCES ANALYSIS
FIGURE 7. BARGAINING POWER OF BUYERS
FIGURE 8. BARGAINING POWER OF SUPPLIERS
FIGURE 9. DEGREE OF COMPETITION
FIGURE 10. THREAT OF NEW ENTRANTS
FIGURE 11. THREAT OF SUBSTITUTES
FIGURE 12. MARKET SHARE ANALYSIS, 2015 (%)
FIGURE 13. DRIVERS
FIGURE 14. NUMBER OF BREACH INCIDENTS BY TYPE, 2016
FIGURE 15. RESTRAINTS
FIGURE 16. OPPORTUNITIES
FIGURE 17. GLOBAL DIGITAL SIGNATURE HARDWARE MARKET, 2014-2022 ($MILLION)
FIGURE 18. GLOBAL DIGITAL SIGNATURE SOFTWARE MARKET, 2014-2022 ($MILLION)
FIGURE 19. GLOBAL DIGITAL SIGNATURE SERVICES MARKET, 2014-2022 ($MILLION)
FIGURE 20. GLOBAL ON-PREMISE DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 21. GLOBAL CLOUD BASED DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 22. GLOBAL DIGITAL SIGNATURE MARKET: BFSI, 2014-2022 ($MILLION)
FIGURE 23. GLOBAL DIGITAL SIGNATURE MARKET: EDUCATION, 2014-2022 ($MILLION)
FIGURE 24. GLOBAL DIGITAL SIGNATURE MARKET: HUMAN RESOURCE, 2014-2022 ($MILLION)
FIGURE 25. GLOBAL DIGITAL SIGNATURE MARKET: IT & TELECOMMUNICATION, 2014-2022 ($MILLION)
FIGURE 26. GLOBAL DIGITAL SIGNATURE MARKET: GOVERNMENT, 2014-2022 ($MILLION)
FIGURE 27. GLOBAL DIGITAL SIGNATURE MARKET: HEALTHCARE & LIFE SCIENCE, 2014-2022 ($MILLION)
FIGURE 28. GLOBAL DIGITAL SIGNATURE MARKET: REAL ESTATE, 2014-2022 ($MILLION)
FIGURE 29. GLOBAL DIGITAL SIGNATURE MARKET: OTHERS, 2014-2022 ($MILLION)
FIGURE 30. GLOBAL DIGITAL SIGNATURE MARKET BY GEOGRAPHY, MARKET SHARE (2014) AND CAGR (2016-2022, %)
FIGURE 31. U.S. DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 32. CANADA DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 33. MEXICO DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 34. UK DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 35. GERMANY DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 36. FRANCE DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 37. ITALY DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 38. SPAIN DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 39. REST OF EUROPE DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 40. CHINA DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 41. INDIA DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 42. JAPAN DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 43. AUSTRALIA DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 44. REST OF ASIA-PACIFIC DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 45. LATIN AMERICA DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 46. MIDDLE EAST DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 47. AFRICA DIGITAL SIGNATURE MARKET, 2014-2022 ($MILLION)
FIGURE 48. ASCERTIA: FINANCIAL PERFORMANCE
FIGURE 49. ADOBE SYSTEMS, INC.: FINANCIAL PERFORMANCE
FIGURE 50. DOCUSIGN: FINANCIAL PERFORMANCE
FIGURE 51. ENTRUST DATACARD GROUP: FINANCIAL PERFORMANCE
FIGURE 52. ESIGNLIVE BY VASCO: FINANCIAL PERFORMANCE
FIGURE 53. GEMALTO N.V.: FINANCIAL PERFORMANCE
FIGURE 54. IDENTRUST INC.: FINANCIAL PERFORMANCE
FIGURE 55. KOFAX LIMITED (A LEXMARK COMPANY): FINANCIAL PERFORMANCE
FIGURE 56. RPOST TECHNOLOGIES: FINANCIAL PERFORMANCE
FIGURE 57. SECURED SIGNING LIMITED: FINANCIAL PERFORMANCE

 

Digital signature is a mathematical technique used for determining the authenticity of an electronic document or message such as e-mails, word file, PDF, and others. It is considered equivalent to a handwritten signature, which implies that a communication with a valid digital signature possesses similar attributes as that of handwritten signature and cannot be denied by the sender.

The global digital signature market is expected to reach $3,440 million by 2022. This growth is attributed to technological advancements, increased smartphone penetration, surge in online transactions of banking activities, rise in adoption of cloud-based platform, high acceptance of digital signature in internal processes of enterprises, and rising need for the data security resulted due to increased cyber-attacks. In addition, innovations in digital signature technology, increase in adoption of hybrid platforms, and supportive legislations supplement the use of digital signature; thereby boosting the market growth.

The digital signature market is categorized into three major components, which include hardware, software, & services. In 2014, the software segment was the highest contributor to the market, in terms of revenue, followed by the hardware segment. Furthermore, the software segment is anticipated to witness considerable growth rate during the forecast period.

The digital signature industry is segmented based on the deployment type into on-premises and cloud-based. Cloud-based deployment type received widespread acceptance across various industrial verticals owing to their low costs and easy availability. However, the on-premises deployment type is still being used in international & national banks, government, and other industry verticals, on account of its ability to offer complete control over the data and scalability. The cloud-based segment acquired the largest share in the global digital signature market in 2014, and is anticipated to grow at the highest CAGR during the forecast period.

North America dominated the global digital signature market in 2014, owing to the presence of adequate infrastructure for the implementation & high adoption of technology. However, European countries have focused on outpacing the North American market through rapid development in technologically advanced solutions and adoption of quick services for various industries such as banking & financial services, government, education, and healthcare.

Prominent market players have adopted various strategies such as product launches, partnership, promotional activities, and strategic alliances to create more awareness about the technology and increase its adoption across various verticals.

 

* Taxes/Fees, If applicable will be
added during checkout. All prices in USD.

 

Get More Information About This Report

For any queries about purchasing this report, For any queries, please fill the form below:

Please input the above text in the input box or click refresh

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 
 

FREQUENTLY ASK
QUESTIONS?

 
 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 
 
 

PURCHASE OPTIONS

* Taxes/Fees, If applicable will be
added during checkout. All prices in USD.

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,    Int'l : +1-503-894-6022
Drop us an email at
help@alliedmarketresearch.com

Send Enquiry
 
 

Why Allied Market Research

 

Infallible Methodology

To ensure high level data integrity, accurate analysis and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Readings

 
 

Get Fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts