Digital Signature Market
Digital Signature Market- Global Industry Size, Share, Growth, Opportunity and Forecast, 2018-2028, Segmented By Component (Solutions, Services), By Deployment Mode (Cloud, On-Premises), By Organization Size (Small And Medium-Sized Enterprises, Large Enterprises), By Vertical (Banking, Financial Services, And Insurance, Government And Defense, Healthcare And Life Sciences, Legal, Real Estate, Education, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA)
- Published Date: April 2022
- Report ID: BWC22128
- Available Format: PDF
- Page: 196
Report Overview
The global digital signature market is flourishing at a high rate owing to the rising acceptance rate of digital signatures around different domains and industries along with demand for higher data security and authentication along with favorable government initiatives and incentives...
Global Digital Signature Market- Industry Trends & Forecast Report 2028
The global digital signature market was worth USD 4.6 billion in 2021 and is further projected to reach USD 25.3 billion by the year 2028, growing at the CAGR of 27.80% during the forecast period. The growth of the market is attributed to factors such as the rising acceptance rate of digital signatures around different domains and industries along with demand for higher data security and authentication. Furthermore, favorable government initiatives and incentives are also anticipated to drive the global digital signature market in the forecast period.
Digital Signature - Overview
According to the definition by Cybersecurity and Infrastructure Security Agency, “a digital signature-a type of electronic signature-is a mathematical algorithm routinely used to validate the authenticity and integrity of the message.” The said message can be in the form of an email, a credit card transaction, or a digital document. Digital signatures are a standard element of most cryptographic protocol suites. These are commonly used for financial transactions, software distribution, contract management software, etc.
Global Digital Signature Market Forecast and Trends
Growth Drivers
Rapid Globalization and Flourishing Cross-Border Trade
Rapid globalization and flourishing cross-border trade are among the crucial factors propelling the growth of the digital signature market. As more and more multinational corporations are emerging worldwide, the need for strong authentication tools is emerging for remote contracts and speeding up the entire process. For this purpose, a digital signature is proving to be very efficient since it boosts the entire process by authenticating ownership in real-time as well as meets the regulations laid by authorities such as eIDAS.
Rising Adoption of Cloud Infrastructure
The adoption of cloud infrastructure in the working environment is emerging with significant growth opportunities for the global digital signature market. The use of cloud computing gained significant traction post the COVID-19 pandemic as it allows remote working along with collaborative work environments and information sharing. Therefore, the use of digital signatures is being suggested to protect the sensitive documents that are sent on a network from unauthorized access since digital signatures authenticate the source of the message by establishing ownership of the message.
Restraints
Lack Of Stringent Data Protection and Cybersecurity Laws
The lack of stringent data protection laws especially in emerging economies and underdeveloped countries may act as the biggest restraining factor for the growth of the global digital signature market. Without these laws, digital signatures can be misused to sign a record without the knowledge of the owner if the private key is not secured properly. The increasing rate of cybersecurity attacks worldwide is also emerging as a major concern, which may hinder the market growth in the forecast period and may act as a huge restraining factor for the global digital signature market growth.
Impact of COVID-19 on Global Digital Signature Market
The COVID-19 pandemic outbreak negatively impacted the growth of various industries by halting their business operations. The restrictions on mobility and imposition of social distancing norms amid the COVID-19 pandemic significantly boosted the adoption of digital signatures as it ensured contactless transactions and ensured authenticity. As a result, the digital signature gained significant traction during the pandemic, especially among small and medium-sized businesses. Furthermore, growing cloud deployment also supported the growth of the digital signature market.
Global Digital Signature Market - By Component
Based on components, the global digital signature market is segmented into solutions and services. The solutions segment is further classified into software and hardware. The software segment holds the largest market share. The presence of various SaaS platforms in the market for digital signatures along with its ability to offer instant conversion of the electronic signatures acts as a major driving factor for the growth of the software segment. The rapid globalization and rising adoption of the paperless system are anticipated to drive the growth of the software segment in the forecast period as well.
Global Digital Signature Market - By Organization Size
Based on organization size, the global digital signature market is segmented into small & medium-sized enterprises and large enterprises. The large enterprise segment accounts for the highest share in the market. The rising adoption of advanced technologies including digital signatures and the implementation of a paperless system to boost their operational efficiency is significantly propelling the growth of the market. However, the small and medium-sized enterprises are anticipated to register the highest CAGR during the forecast period.
Global Digital Signature Market - Regional Insights
Geographically, the global digital signature market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominates the global digital signature market owing to the early adoption of advanced technologies among enterprises and stringent data protection laws in countries including the US and Canada. Furthermore, favorable government initiatives to boost the adoption of paperless systems are also flourishing the growth of the market. However, the Asia-Pacific region is projected to witness the highest growth rate during the forecast period.
Competitive Landscape
The leading market players of the global digital signature market are DocuSign, Inc., JN Projects, Inc., OneSpan, PandaDoc, RightSignature, SunGard Signix Inc., SignEasy, Silanis-eSignLive, airSlate Inc., SafeNet Inc., Adobe Sign, ePadLink, Wacom, Topaz Systems, HelloSign, Ascertia, DigiStamp Inc., GMO GlobalSign Inc., Lexmark International, Inc., and other prominent players. The digital signature market is fragmented with the presence of several industry participants and emerging startups. The companies constantly launch new and innovative solutions to boost their market presence. They also adopt market strategies such as partnerships, mergers, acquisitions, collaborations, etc., to gain a competitive edge.
Recent Development
- In February 2022, Smart Communications, an England-based information technology and services provider, and OneSpan, a US-based cybersecurity company, announced their partnership for the integration of OneSpan Sign into the Smart Communications platform.
- In February 2022, ZorroSign, Inc., a US-based provider of digital signature solutions using blockchain technology, announced a six-feature integrated technology package on its blockchain platform.
Scope of the Report
Attributes | Details |
Years Considered | Historical data – 2018-2021 |
Base Year – 2021 | |
Forecast – 2022 – 2028 | |
Facts Covered | Revenue in USD Billion |
Market Coverage | U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product Service/Segmentation | By Component, By Deployment Mode, By Organization Size, By Vertical, By Region |
Key Players | DocuSign, Inc., JN Projects, Inc., OneSpan, PandaDoc, RightSignature, SunGard Signix Inc., SignEasy, Silanis-eSignLive, airSlate Inc., SafeNet Inc., Adobe Sign, ePadLink, Wacom, Topaz Systems, HelloSign, Ascertia, DigiStamp Inc., GMO GlobalSign Inc., Lexmark International, Inc., and other prominent players. |
By Component
- Solutions
- Services
By Deployment Mode
- Cloud
- On-Premises
By Organization Size
- Small And Medium-Sized Enterprises
- Large Enterprises
By Vertical
- Banking, Financial Services and Insurance
- Government And Defense
- Healthcare And Life Sciences
- Legal
- Real Estate
- Education
- Others
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle East & Africa (MEA)
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
- Executive Summary
- Global Digital Signature Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Restraints
- Opportunities
- Challenges
- Technological Landscape/Recent Development
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Global Digital Signature Market Overview
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Component
- Solutions
- Software
- Hardware
- Services
- Professional services
- Managed services
- Solutions
- By Deployment Mode
- Cloud
- On-premises
- By Organization Size
- Large Enterprises
- Small and Medium Enterprises
- By Vertical
- BFSI
- IT and Telecom
- Government and Public Administration
- Healthcare
- Education
- Others
- By Region
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle-East and Africa
- By Component
- Market Size & Forecast by Value, 2018-2028
- North America Digital Signature Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Component
- By Deployment Mode
- By Organization Size
- By Vertical
- By Country
- United States
- Canada
- Market Size & Forecast by Value, 2018-2028
- Europe Digital Signature Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Component
- By Deployment Mode
- By Organization Size
- By Vertical
- By Country
- Germany
- United Kingdom
- Italy
- France
- Spain
- Rest of Europe
- Market Size & Forecast by Value, 2018-2028
- Asia Pacific Digital Signature Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Component
- By Deployment Mode
- By Organization Size
- By Vertical
- By Country
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Market Size & Forecast by Value, 2018-2028
- Latin America Digital Signature Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Component
- By Deployment Mode
- By Organization Size
- By Vertical
- By Country
- Brazil
- Mexico
- Rest of Latin America
- Market Size & Forecast by Value, 2018-2028
- Middle East & Africa Digital Signature Market
- Market Size & Forecast by Value, 2018-2028
- By Value (USD Million)
- Market Share & Forecast
- By Component
- By Deployment Mode
- By Organization Size
- By Vertical
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Market Size & Forecast by Value, 2018-2028
- Competitive Landscape
- List of Key Players and Their Offerings
- Market Share Analysis, 2021
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Merger, Acquisition, Partnership.)
- Impact of COVID-19 on Digital Signature Industry
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
- Adobe Inc.
- OneSpan
- Thales
- DocuSign, Inc.
- Ascertia
- Zoho
- Secured Signing
- Entrust Datacard
- DigiCert, Inc.
- IdenTrust
- GlobalSign
- Symtrax
- ComSignTrust
- Multicert
- AlphaTrust Corporation
- SunGard SIGNiX Inc.
- Notarius
- RNTrust
- Bit4id Ltd
- LAWtrust
- Other Prominent Players
- Key Strategic Recommendations
List of Figures
Figure 1 Global Digital Signature Market Segmentation
Figure 2 Global Digital Signature Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2021
Figure 4 Global Digital Signature Market Size, By Value (USD Million), 2018-2028
Figure 5 Global Digital Signature Market Share, By Component, By Value, 2018-2028
Figure 6 Global Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
Figure 7 Global Digital Signature Market Share, By Organization Size, By Value, 2018-2028
Figure 8 Global Digital Signature Market Share, By Vertical, By Value, 2018-2028
Figure 9 Global Digital Signature Market Share, By Region, By Value, 2018-2028
Figure 10 North America Digital Signature Market Size, By Value (USD Million), 2018-2028
Figure 11 North America Digital Signature Market Share, By Component, By Value, 2018-2028
Figure 12 North America Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
Figure 13 North America Digital Signature Market Share, By Organization Size, By Value, 2018-2028
Figure 14 North America Digital Signature Market Share, By Vertical, By Value, 2018-2028
Figure 15 North America Digital Signature Market Share, By Country, By Value, 2018-2028
Figure 16 Europe Digital Signature Market Size, By Value (USD Million), 2018-2028
Figure 17 Europe Digital Signature Market Share, By Component, By Value, 2018-2028
Figure 18 Europe Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
Figure 19 Europe Digital Signature Market Share, By Organization Size, By Value, 2018-2028
Figure 20 Europe Digital Signature Market Share, By Vertical, By Value, 2018-2028
Figure 21 Europe Digital Signature Market Share, By Country, By Value, 2018-2028
Figure 22 The Asia-Pacific Digital Signature Market Size, By Value (USD Million), 2018-2028
Figure 23 The Asia-Pacific Digital Signature Market Share, By Component, By Value, 2018-2028
Figure 24 The Asia-Pacific Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
Figure 25 The Asia-Pacific Digital Signature Market Share, By Organization Size, By Value, 2018-2028
Figure 26 The Asia-Pacific Digital Signature Market Share, By Vertical, By Value, 2018-2028
Figure 27 The Asia-Pacific Digital Signature Market Share, By Country, By Value, 2018-2028
Figure 28 Latin America Digital Signature Market Size, By Value (USD Million), 2018-2028
Figure 29 Latin America Digital Signature Market Share, By Component, By Value, 2018-2028
Figure 30 Latin America Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
Figure 31 Latin America Digital Signature Market Share, By Organization Size, By Value, 2018-2028
Figure 32 Latin America Digital Signature Market Share, By Vertical, By Value, 2018-2028
Figure 33 Latin America Digital Signature Market Share, By Country, By Value, 2018-2028
Figure 34 The Middle East & Africa Digital Signature Market Size, By Value (USD Million), 2018-2028
Figure 35 The Middle East & Africa Digital Signature Market Share, By Component, By Value, 2018-2028
Figure 36 The Middle East & Africa Digital Signature Market Share, By Deployment Mode, By Value, 2018-2028
Figure 37 The Middle East & Africa Digital Signature Market Share, By Organization Size, By Value, 2018-2028
Figure 38 The Middle East & Africa Digital Signature Market Share, By Vertical, By Value, 2018-2028
Figure 39 The Middle East & Africa Digital Signature Market Share, By Country, By Value, 2018-2028
List of Tables
Table 1 Global Digital Signature Market Size, By Component, By Value, 2018-2028
Table 2 Global Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
Table 3 Global Digital Signature Market Size, By Organization Size, By Value, 2018-2028
Table 4 Global Digital Signature Market Size, By Vertical, By Value, 2018-2028
Table 5 Global Digital Signature Market Size, By Region, By Value, 2018-2028
Table 6 North America Digital Signature Market Size, By Component, By Value, 2018-2028
Table 7 North America Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
Table 8 North America Digital Signature Market Size, By Organization Size, By Value, 2018-2028
Table 9 North America Digital Signature Market Size, By Vertical, By Value, 2018-2028
Table 10 North America Digital Signature Market Size, By Country, By Value, 2018-2028
Table 11 Europe Digital Signature Market Size, By Component, By Value, 2018-2028
Table 12 Europe Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
Table 13 Europe Digital Signature Market Size, By Organization Size, By Value, 2018-2028
Table 14 Europe Digital Signature Market Size, By Vertical, By Value, 2018-2028
Table 15 Europe Digital Signature Market Size, By Country, By Value, 2018-2028
Table 16 The Asia-Pacific Digital Signature Market Size, By Component, By Value, 2018-2028
Table 17 The Asia-Pacific Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
Table 18 The Asia-Pacific Digital Signature Market Size, By Organization Size, By Value, 2018-2028
Table 19 The Asia-Pacific Digital Signature Market Size, By Vertical, By Value, 2018-2028
Table 20 The Asia-Pacific Digital Signature Market Size, By Country, By Value, 2018-2028
Table 21 Latin America Digital Signature Market Size, By Component, By Value, 2018-2028
Table 22 Latin America Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
Table 23 Latin America Digital Signature Market Size, By Organization Size, By Value, 2018-2028
Table 24 Latin America Digital Signature Market Size, By Vertical, By Value, 2018-2028
Table 25 Latin America Digital Signature Market Size, By Country, By Value, 2018-2028
Table 26 The Middle East & Africa Digital Signature Market Size, By Component, By Value, 2018-2028
Table 27 The Middle East & Africa Digital Signature Market Size, By Deployment Mode, By Value, 2018-2028
Table 28 The Middle East & Africa Digital Signature Market Size, By Organization Size, By Value, 2018-2028
Table 29 The Middle East & Africa Digital Signature Market Size, By Vertical, By Value, 2018-2028
Table 30 The Middle East & Africa Digital Signature Market Size, By Country, By Value, 2018-2028
Table 31 Adobe Inc. Company Overview
Table 32 Adobe Inc. Financial Overview
Table 33 OneSpan Company Overview
Table 34 OneSpan Financial Overview
Table 35 DocuSign, Inc. Company Overview
Table 36 DocuSign, Inc. Financial Overview
Table 37 Ascertia Company Overview
Table 38 Ascertia Financial Overview
Table 39 Secured Signing Company Overview
Table 40 Secured Signing Financial Overview
Table 41 DigiCert, Inc. Company Overview
Table 42 DigiCert, Inc. Financial Overview
Table 43 IdenTrust Company Overview
Table 44 IdenTrust Financial Overview
Table 45 GlobalSign Company Overview
Table 46 GlobalSign Financial Overview
Table 47 Symtrax Company Overview
Table 48 Symtrax Financial Overview
Table 49 ComSignTrust Company Overview
Table 50 ComSignTrust Financial Overview
Table 51 Multicert Company Overview
Table 52 Multicert Financial Overview
Table 53 AlphaTrust Corporation Company Overview
Table 54 AlphaTrust Corporation Financial Overview
Table 55 SunGard SIGNiX Inc. Company Overview
Table 56 SunGard SIGNiX Inc. Financial Overview
Table 57 Notarius Company Overview
Table 58 Notarius Financial Overview
Table 59 RNTrust Company Overview
Table 60 RNTrust Financial Overview
Market Segmentation
By Component
- Solutions
- Services
By Deployment Mode
- Cloud
- On-Premises
By Organization Size
- Small And Medium-Sized Enterprises
- Large Enterprises
By Vertical
- Banking, Financial Services and Insurance
- Government And Defense
- Healthcare And Life Sciences
- Legal
- Real Estate
- Education
- Others
By Region
- North America
- Europe
- Asia-Pacific (APAC)
- Latin America (LATAM)
- Middle East & Africa (MEA)
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