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Digital Signature Global Market Sees Growth Rate Of 35% Through 2022

18 Apr, 2022

The global digital signature market size is expected to grow from $3.79 billion in 2021 to $5.10 billion in 2022 at a compound annual growth rate (CAGR) of 34.7%. The change in the digital signature market growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2021. The market is expected to reach $15.63 billion in 2026 at a CAGR of 32.3%.

What is the Global Digital Signature Market?

The digital signature market consists of sales of digital signature solutions and related services. A digital signature is an electronic signature and is equivalent to a handwritten signature or stamped seal. It offers more inherent security and is expected to solve the problems of tampering and impersonation. The digital signature solutions include software and hardware solutions, and related services.

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What drives the Global Digital Signature Market?

Supporting policies by the governments of various nations drove the digital signature market. For instance, the US government has passed an act called the 21st Century Integrated Digital Experience Act (also known as 21st Century IDEA Act). The 21st Century IDEA Act created a set of minimum functionalities and security standards that federal agencies must meet. According to this Act, the agencies must offer digital versions of paper-based citizen services and accept digital signatures, thereby, allowing citizens to complete transactions digitally. Such policies by the government of various nations have boosted the demand for the digital signature market.

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Global Digital Signature Market Segments
The global digital signature market is segmented:
By Offering: Software, Hardware, Services
By Deployment: Cloud, On-Premises
By End-User: Banking, Financial Services, and Insurance (BFSI), IT and Telecommunications, Government, Healthcare and Life Sciences, Education, Retail, Real Estate, Other
By Geography: The regions covered in the digital signature market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Digital Signature Global Market Report 2022provides market size and growth forecasts for the global digital signature market, global digital signature market share, digital signature market segments and geographies, digital signature market competitive landscape including leading competitors’ revenues, profiles and market shares. The digital signature market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Digital Signature Industry Playersinclude Adobe systems, DocuSign Inc., Ascertia, Identrust, SIGNiX, Gemalto, Entrust Datacard Corporation, Kofax Limited (a Lexmark Company), Rpost Technologies, Secured Signing Limited, OneSpan, Hellosign, Globalsign, MultiCert, RightSignature, Zoho Corp, Esignlive By Vasco, Arthur D. Little, Shachihata Inc., Glykka LLC, eSign Genie, SignaShare, KeepSolid Inc, GetAccept Inc, Symtrax Holdings Inc, Microsoft Corporation, International Business solutions LLC, Korea SYSTEM’s TECH Inc, Kotrade Inc and Oracle Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.