April 13, 2022 07:34 ET | Source: Fortune Business Insights Fortune Business Insights
Pune INDIA
Pune, India, April 13, 2022 (GLOBE NEWSWIRE) — The global digital signature market size is projected to grow from USD 4.05 billion in 2022 to USD 35.03 billion by 2029, exhibiting a CAGR of 36.1% during the forecast period. The global market size was USD 3.00 billion in 2021. This information is published by Fortune Business Insights™, in its report, titled, “Digital Signature Market Share, 2022-2029.”
The rising demand for e-businesses and paperless workflow is anticipated to drive the market. It is aiding industries such as retail, BFSI, healthcare, government, IT & telecom, among others, to decrease operational budget.
Industry Development
August 2020: DocuSign, Inc. declared a tactical partnership with GMO Global Sign to offer a seamless digital signature solution. The DocuSign Inc. platform will incorporate the cloud-based Document Signing Service (DSS) of GMO Global Sign.
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Driving Factors
Required Security Upgrade, Functional Proficiency and Seamless Workflow to Boost Market Growth
Digital signature market Report Coverage
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Digital signature market Segmentation Analysis
Surging Demand for Digital Solutions to Navigate Software Segment Growth
Based on the component, the market is categorized as software, hardware, and services. The software market is expected to lead the market. Its capability to offer instant electronic signature conversion is likely to drive the software segment.
Based on the deployment, the market is categorized as on-premises and cloud.
Based on enterprise size, the market is segmented into large enterprises and small & medium enterprises.
Based on industry, the market is segmented into BFSI, IT and telecommunications, government, healthcare & life science, education, retail, real estate, and others.
Geographically, the market is segregated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Regional Insights
North America to Dominate backed by Early Adoption of Technology by Companies
North America is projected to dominate by holding the largest digital signature market share during the forecast period. The region is a preliminary implementer of digital technologies and hence boosts the market growth.
Asia Pacific is anticipated to grow considerably owing to the surging government programs to enhance digitalization across industries.
Europe is predicted to gain prompt digital signature market growth during the forecast period owing to rising E-business systems across industries.
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Companies Profiled in Digital signature market Report:
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