Digital Signature Global Market To Reach Value Of About $7 Billion In 2025

3 Dec, 2021

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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.

Global Digital Signature Market Size And Drivers:

The global digital signature market is expected to grow from $2.17 billion in 2020 to $2.63 billion in 2021 at a compound annual growth rate (CAGR) of 21.2%. The global pandemic of COVID-19 is preventing individuals from traveling and brought in many restrictive measures such as lockdown, suspended transport services, and the closure of other non-essential services to avoid being in close proximity with other individuals. Consequently, individuals, companies and businesses now wish to use electronic signatures as an alternative to the traditional wet-ink signatures when signing documents to continue to operate remotely. The digital signature market is expected to reach $6.90 billion in 2025 at a CAGR of 27%. Supporting policies by the governments of various nations drove the digital signature market.

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Trends In The Global Digital Signature Market

The digital signature solutions providing companies are integrating blockchain technology with the digital signature. The goal of integrating blockchain with a digital signature is to offer users the possibility to certify integrity and time stamp. For instance, DocuSign collaborated with Visa for the public prototypes of a blockchain-based smart contract. A blockchain-based smart contract turns the contract into a computer program and the internet-connected program monitors and triggers the relevant actions on the contract's terms.

Global Digital Signature Market Segments:
The global digital signature market is further segmented –
By Offering: Software, Hardware, Services
By Deployment: Cloud, On-Premises
By End User: Banking, Financial Services, And Insurance (BFSI), IT And Telecommunications, Government, Health Care And Life Sciences, Education, Retail, Real Estate, Others
By Geography: The global digital sign market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

Read More On The Report For The Global Digital Signature Market At:

https://www.thebusinessresearchcompany.com/report/digital-signature-market-global-report-2020-30-covid-19-implications-and-growth

Digital Signature Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides digital signature market overviews, analyzes and forecasts market size and growth for the global digital signature market, digital signature market share, digital signature market players, digital signature market segments and geographies, digital signature market’s 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.