Global Digital Signature Market Research Report, Share, Growth, Analysis and Forecast to 2024

The digital signature market is gaining huge popularity owing to its ability to improve digital workflow and enabling time and cost efficiencies along with strengthening security measures. It has been observed that implementation of digtal signature in workplace is enabling the business organizations to send business and legal documents in an authenticated manner that reduces risk for the enterprises and enables efficient work process. These factors are thereby contributing towards the growth of the market

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Furthermore, it has been observed that there are various developed economies such as Germany and the U.S that uses these technologies for security purposes that are commonly being referred as digital signature-based smart cards.

The increasing adoption of bio-metric based signature technology is the most protected feature that enables authentication and identification process of an individual. Moreover, with the use of this technology the act of duplication and stealing of signature can be eliminated as a result to the digital signature market is growing at a rapid pace.

However, redundant technology inconsistency among various technologies is the major factors that are hampering the growth of the digital signature market.

On the basis of deployment, digital signature market is segmented into on-premise and cloud-based deployment. Among these categories, the cloud-based deployment model is expected to witness the faster growth owing to extensive utilization of these deployments in various industry verticals from several business organizations. Moreover, excessive flexibility and control along with ease of utilization are other factors that are pertaining towards the growth of this segment, globally.

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Furthermore, it has been observed that the Asia-Pacific digital signature market is expected to witness the highest CAGR of 31.0% during the forecast period, owing to extensive adoption of digital signature technology in various small and medium and large enterprises. Moreover, the government of India has implemented several measures in order to enhance the growth of the digital signature industry.

Some of the key players in the digital signature industry are Adobe Systems, Inc, Ascertia, Microsoft Corporation, Docusign, Inc., Entrust Datacard Corp, Gemalto, Inc, IdenTrust, Inc, International Business solutions llc, Kofax Limited, Korea SYSTEM’s TECH Inc, Kotrade Inc, Right Signature LLC, Secured Signing Limited, Signix Inc and Oracle Corporation.