What is Digital Signature Software Market?
Digital signature is type of electronic signature which is mathematical algorithm used to validate authenticity and integrity of message. It is routinely used to validate authenticity of email, a credit card transaction, and digital documents. It is one of the advanced and safer form of signature which works equivalently with paperwork’s. With digital signature, company are able to improve their financial transactions for overall collaboration and productivity. Geographically, North America region is expected to grow with the highest market share over the forecast period followed By Asia Pacific and Europe. Presence of leading market players creating industrial hub for Digital Signature Software across the North American region which is further impacting on industrial profitability in better manner.
The market study is being classified, by Application (Task Tracking, Audit Trail & Authentication, Document Analytics, Multi Party Signing and Others) and major geographies with country level break-up.
Adobe (United States), VASCO Data Security International, Inc. (United States), PandaDoc (United States), RightSignature LLC (United States), Stack Holdings GmbH (United States), Sertifi Inc. (United States), Encryo (United States), Identrust Inc. (United States), DocuSign (United States), Entrust Datacard Corporation (United States), Dotloop (United States), eFileCabinet (United States), Cryptolog SAS (France), Ascertia Ltd (United Kingdom), DigiSigner (Germany) and Qwilr (Australia) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Comsigntrust Ltd (Israel), Secured Signing Limited (New Zealand), AccountSight (India) and Nitro Software (United States).
The market of Digital Signature Software is expected to grow with rising demand for paperless documentation across several industries. Several companies are operating in the market to provide digital signature software with beneficial features. The market is highly fragmented with the presence of number of market players. They are gaining attention owing to raised demand. They are taking certain strategic initiatives with new entrants to expand their existing portfolio.
Analyst at AMA have segmented the market study of Global Digital Signature Software market by Type, Application and Region.
On the basis of geography, the market of Digital Signature Software has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Demand for Electronic Documents with Least Paperwork’s
- Increasing Digitisation in Routinely Documentation Process at Government Offices
- Enhancing approach for Payment Collection via Digital Signature
- Issue regarding Compatibility Settings between Software and Driver’s Updated Versions
- Rising Preference for Cloud based Secure Solutions has Created Growth Opportunity
- Huge Penetration of Digital Signature in Healthcare, BFSI & Telecom Industry
- Lack of Standardised Methods of Interaction between Senders & Recipients
- Dearth of Awareness regarding Digital Signature
In April 2021, IDEMIA, a global leader in Augmented Identity has established collaboration with Microsoft for supporting Microsoft Azure Active Directory (Azure AD) verifiable credentials identity solution. Azure AD verifiable credentials enable organizations to confirm information about individuals without collecting their personal data. With this collaboration, both company are able to offer safer credentials to its customers.
Key Target AudienceDigital Signature Providers, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry