What is Digital Signature?
Digital signature is used to validate data or information in digital form by using secured key encryption methods. This system provides added security but issues related with its implementation affect the market adversely. It is highly suitable for parties involved in regular transactions as signer needs to obtain a digital certificate from government bodies. Small and medium enterprises are finding ways and means to introduce this electronic signature system which offers a great opportunity for service providers.
|Unit||Value (USD Million)|
|Key Companies Profiled||Adobe Systems, Inc. [United States], Gemalto, Inc. [Netherlands], Secured Signing Limited [New Zealand], Signix [United Kingdom], Ascertia [United Kingdom], Entrust Datacard Corp [United States], ESignLive [United States] and DocuSign [United States]|
The study covers a detailed analysis segmented by key business segments i.e. and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital Signature market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Digital Signature market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Adobe Systems, Inc. [United States], Gemalto, Inc. [Netherlands], Secured Signing Limited [New Zealand], Signix [United Kingdom], Ascertia [United Kingdom], Entrust Datacard Corp [United States], ESignLive [United States] and DocuSign [United States].
September 2018 -: United States based digital signature service providers DocuSign acquired SpringCM. This acquisition is expected to bolster the market presence of DocuSIgn.
Laws regarding digital signature lacks interoperability globally. The United States Electronic Signatures in Global and National Commerce (ESIGN) Act as well as Uniform Electronic Transactions Act (UETA) have four major requirements for an electronic signature to be recognized as valid under U.S. law. Those requirements are -:, i.) Intent to sign, ii.) Consent to do business electronically, iii.) Association of signature with the record and iv.) Record retention.
Improved Efficiency of Digital Signature in Multi-Transaction Contracts and Emphasizing on Better Cost and Time Management Among Enterprises with an Added Focus on Creating Greener and Paperless Economy
Market Growth Drivers:
Growing Need for Electronic Security Amid Increasing Threat Perception and Rising Investment by Enterprise in Electronic Documents Fueled by Government Support
Complexity Involved in Implementation of Digital Signature System Owing to Already Established Business Models and Lack of Awareness and Reluctance Among Rural Population Across Low and Middle Economies
Lack of Uniformity in Different Regions Over Regulations Related to Digital Signature and Issue Related with Legality of Digital Signature
Growing Adoption in Small and Medium Enterprises
Key highlights of the Global Digital Signature market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Digital Signature market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Digital Signature market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Digital Signature Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Signature market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Digital Signature market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Digital Signature Service Providers, Government Agencies, Electronic Signature Validating Bodies, Potential Investors, Research Institutes and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.