PUNE, India, February 19, 2016 /PRNewswire/ --
According to a new market research report "Digital Signature Market by Solution (Software and Hardware), by Services (Managed and Professional), by Deployment (Cloud and in-Premises), by Application, and by Region - Global Forecast to 2020", published by MarketsandMarkets, the market size is estimated to grow from USD 512.5 Million in 2015 to USD 2.02 Billion by 2020, at an estimated Compound Annual Growth Rate of (CAGR) of 31.6% from 2015 to 2020.
Browse 49 market data Tables and 35 Figures spread through 113 Pages and in-depth TOC on "Digital Signature Market"
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Digital signature helps enterprises and organizations across the world to become agile, deliver superior customer experiences, and achieve productivity and cost saving goals. Reduction in the cost of business operations, superior customer experience, and increase in the number of application areas, and enhanced security and control over the data are expected to remain the major drivers behind the increased traction of the digital signature market.
The Finance and Legal sector is expected to grow with the highest CAGR during the forecast period
Finance sector faces the challenge of meeting the regulations imposed by the industry and government. Digital signature helps finance departments manage and streamline critical processes with simplicity and security and speed up invoicing and cash flow processes, improve compliance, achieve real-time visibility into critical document processes, and integrate with existing systems. Similarly, digital signature allows legal organizations to adopt automation technologies to shorten process time, increase efficiency, and improve client satisfaction. Digital signature helps professionals from finance and legal sector to simplify their work processes, improve their internal and external collaborations, and reduce document turnaround time.
The North America region is expected to lead the digital signature market
North America is expected to have the largest market size in the digital signature market mainly due to the supporting e-signature regulations and increasing financial and legal services firms in the U.S. and Canada. This growth is further fostered by growing application of digital business process across verticals in the region. North America is expected to have the largest market share; however, Europe is likely to grow with the highest CAGR from 2015 to 2020.
The major vendors in the digital signature market include Adobe Systems, Inc., DocuSign, Inc., Gemalto, Inc., Secured Signing Limited, SIGNiX, and others. A detailed analysis of the key industry players has been done to provide insights into their business overview, products and services, key strategies, and recent developments associated with the digital signature market.
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The report defines and segments the global Digital Signature Market on the basis of solutions, services, deployment models, applications, and regions along with providing an in-depth analysis and market size estimations. The software solution is expected to contribute the largest market share whereas cloud-based deployment solution will play a key role in changing the digital signature landscape during the forecast period. Furthermore, the finance sector is expected to contribute the largest market share in the digital signature market. Sectors such as legal, government, healthcare, Human Resource (HR) will be the key growing sectors during the forecast period.
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