Digital Signatures Market: Emerging Players with Size and Share, Regional Trends and Strategies Forecast 2021-2024

Digital Signatures

The “Digital Signatures Market” Report provides a thorough examination of the market. The Digital Signatures Market research investigates how firms in the Digital Signatures Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Digital Signatures market report.

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Competitor Analysis:

Digital Signatures market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • SunGard Signix Inc
  • DocuSign
  • Silanis-eSignLive
  • SafeNet, Inc.
  • ePadLink
  • Topaz systems
  • Ascertia
  • DigiStamp, Inc
  • GMO GlobalSign, Inc.
  • RightSignature
  • HelloSign
  • Wacom

    Market Overview:

  • The digital signatures market was valued at USD 3.06 billion in 2018 and is expected to reach a value of USD 5.7 billion by 2024, at a CAGR of 21.5%, during the forecast period 2019 – 2024. Enterprises are shifting from traditional signatures to digital signatures because it reduces the risk of legal disputes and provides stronger evidence.
  • – There is a consistent need for data security while transmission of sensitive information. Due to the boom of e-commerce and online banking it was necessary for companies to secure their networks to gain customers’ confidence.It has led to greater and faster rate of adoption rates of digital signatures, which act as the sender’s personal seal of authenticity over any electronic document.
  • – Using digital signature involves obtaining the public and private key as well as the digital certificate by paying additional amount of money. This might create financial hindrance for small and medium enterprises.

    Key Market Trends:

    BFSI Sector to Occupy the Largest Market Share

    – Banking and Insurance being an inevitable part of personal and professional lives needs to be enhanced regarding technology usage for validation and protection against malicious alterations.
    – In July 2018 Deutsche Bank accelerated account openings for its corporate and institutional clients by introducing a digital signature. Digitizing account openings and document signings significantly reduced costs and processing times.
    – The multiple advantages of digital signatures include a handsome percentage reduction in the overall operating costs associated with the opening up of bank accounts, the quantum of paper formalities is also reduced. Customer engagement can be enhanced by using the suggested technology, which further leads to minimization of time & work efforts.

    Europe to Witness Significant Growth

    – In the European Union, specific regulation on electronic identity and trust services has been created, commonly known as “the eIDAS Regulation”. This regulation facilitates the recognition of electronic identification schemes across borders.
    – In September 2018, eIDAS sample implementation for member states was released in which changes like usage of simple DSI keys in SAML messages was introduced.
    – European Commission has been active both on setting the policy rules and in helping the European Union member states set up the technical infrastructure to implement eIDAS.
    – Moreover, Cloud Signature Consortium is a 20-member organization based out of Brussels. It works to bring together leading players in the industry to effectively simplify and streamline the digital signing experience on the cloud and includes companies like Adobe, Digicert, and Safelayer.

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    Scope of the Report:

    Digital signatures are the most advanced and secure type of electronic signatures. One can use them to comply with the most demanding legal and regulatory requirements because they provide the highest levels of assurance about each signer’s identity and the authenticity of the documents they sign. It has applications in Government, Judicial, Telecom, E-Commerce and BFSI.

    Highlighted points of Digital Signatures Market Report:

    • Varying dynamics of the Digital Signatures industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Digital Signatures market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Digital Signatures market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Digital Signatures Market report:

    • The Digital Signatures market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Digital Signatures market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Digital Signatures market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Digital Signatures Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Need for Data Security While Transmission of Sensitive Information is Driving the Market Growth
    4.4 Market Restraints
    4.4.1 Financial Constraints for SMEs to Obtain Keys and Digital Certificate is Discouraging the Market Growth
    4.5 Industry Attractiveness – Porter’s Five Force Analysis
    4.5.1 Threat of New Entrants
    4.5.2 Bargaining Power of Buyers/Consumers
    4.5.3 Bargaining Power of Suppliers
    4.5.4 Threat of Substitute Products
    4.5.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Deployment
    5.1.1 On-Premise
    5.1.2 Cloud
    5.2 By Offering
    5.2.1 Software
    5.2.2 Hardware
    5.2.3 Service
    5.3 By End-user Industry
    5.3.1 BFSI
    5.3.2 Government
    5.3.3 Healthcare
    5.3.4 Oil & Gas
    5.3.5 Military & Defense
    5.3.6 Logistics & Transportation
    5.3.7 Research & Education
    5.4 Geography
    5.4.1 North America
    5.4.2 Europe
    5.4.3 Asia-Pacific
    5.4.4 Latin America
    5.4.5 Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 SunGard Signix Inc
    6.1.2 DocuSign
    6.1.3 Silanis-eSignLive
    6.1.4 SafeNet, Inc.
    6.1.5 ePadLink
    6.1.6 Topaz systems
    6.1.7 Ascertia
    6.1.8 DigiStamp, Inc
    6.1.9 GMO GlobalSign, Inc.
    6.1.10 RightSignature
    6.1.11 HelloSign
    6.1.12 Wacom

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

    Contact Us:

    Name: Ajay More

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    Email: [email protected]

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