Digital Signature Market

Digital Signature
Market
Opportunity Analysis and Industry Forecast, 2016-2023
Global Opportunity Analysis and
Industry Forecast,
2014-2022

Introduction
Digital Signature Market is expected to reach $3,440 million by 2022
Increase in need for securing data transfers through internet is one of the major driving
factors of the industry
Digital signature is a mathematical technique, which is used to prove the authenticity of
an electronic document or message such as e-mails, word file, PDF, and others
Furthermore, increase in smartphone penetration, surge in online transactions for
banking, e-commerce, and other activities, and aggrandized need for data security &
authentication have fueled the market growth
Also, software and services in digital signature market are expected to witness
significant growth during the study period
The digital signature industry in North America accounted for 38% share of the global
market in 2014, while the European market is expected to witness significant growth
rate during the forecast period

Key Factors of the Market
• 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
• 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
• 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

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Key Benefits of the Market
• The software segment dominated the overall digital signature market, in
terms of revenue, and is projected to grow at a CAGR of 30.7% during the
forecast period
• The cloud-based digital signature market dominated the global market in
2014, and is anticipated to grow at the highest CAGR from 2016 to 2022
• The hardware segment generated the maximum revenue in 2014, and is
anticipated to grow at a CAGR of 28.8%
• The BFSI segment generated the highest revenue in 2014, and is
estimated to maintain its dominance during the forecast period
• In 2014, North America was the dominant region. Europe is projected to
grow at the highest CAGR, with the UK market being the major
contributor

Market Segmentation

Key Players of the Market
• 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
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