Digital Signatures Market Size by Global Leading Company Profile, Competitive Landscape and Key Regions 2022-2031

Japan, Japan, Thursday, April 14, 2022 02:36:42 / Comserve Inc. / — MarketsandMarkets predicts that the size of the digital signature market will grow from $1.2 billion in 2018 to $5.5 billion by 2023, with a CAGR of 36.7% during 2022-2031.

With COVID-19 driving economic fallout, many economies are working on game-changing improvements to protect their employees and customers. While focusing on current challenges, leaders are adopting new plans to manage and stay afloat in this competitive environment.

MarketsandMarkets forecasts the digital signature market size to grow from USD 1.2 billion in 2018 to USD 5.5 billion by 2023, growing at a CAGR of 36.7% between 2022 and 2031. Key drivers for the growth of the market include improving operational efficiency, reducing operational expenses (OPEX), improving security and increasing adoption of digital signature solutions to securely sign documents. Scattered regulations in some regions and lack of awareness about the legality of digital signature may restrain the growth of the market.

The banking, financial services and insurance segment is expected to grow at the highest rate during the forecast period

The digital signature market by application includes Human Resources (HR); education and research; Bank, Financial Services and Insurance (BFSI); government and defence; healthcare and life sciences; legal; real estate; manufacturing and engineering; others (retail, transit, energy and utilities, telecommunications, operations, sales and marketing, pharmaceuticals and purchasing). The BFSI segment is expected to grow at the highest rate as it helps these companies simplify complex processes, with enhanced security, improve turnaround time for onboarding a customer, go paperless by automating the document workflow and regulatory compliance.

Get the sample copy of this report: https://www.sdki.jp/sample-request-106457

The final report will cover the impact analysis of COVID-19 on this industry: Digital Signatures Market Overview by Emerging Trends, Growth Forecast with Revenue Analysis – Global Forecast to 2031

Among the regions, Europe is expected to grow at the highest CAGR during the forecast period

Europe has been one of the fastest growing markets in terms of rapid adoption of digital signature solutions. The digital signature market is also referred to as the next big boom when it comes to ever-increasing adoptions in this region. The digital signature market in Europe has been gaining momentum due to strong demand for high-end security solutions, increasing digitization, legal compliances and regulations, such as eIDAS. Moreover, the rapid growth of the digital signature market in the region can be attributed to the active online engagement of consumers in emerging countries in the region. Extensive facilities to deploy and manage digital signature solutions with low cost of ownership are driving the market growth in this region.

Additionally, various international and domestic companies located in this region are partnering with digital signature solution providers to enhance the offerings to local customers. Developed European countries, such as the UK, Germany, and France, have widely considered the use of digital signature solutions and services. The growth of this region can be attributed to the increased demand for digital signature solutions and advancements in digital technologies. Additionally, regulatory compliance by government and legal laws benefits all stakeholders present in the digital signature ecosystem in Europe. UK, Germany and France are some of the key countries considered for the digital signature market analysis in this region. Moreover, the rapid expansion of local players, as well as global companies, in Europe is also one of the significant factors influencing the growth of the digital signature market.

Fill this form and get the sample copy of this report: https://www.sdki.jp/sample-request-106457

The final report will cover the impact analysis of COVID-19 on this industry: Digital Signatures Market Overview by Emerging Trends, Growth Forecast with Revenue Analysis – Global Forecast to 2031

In-depth interviews were conducted with CEOs, CMOs, Chief Innovation and Technology Officers, and executives from various key organizations operating in the digital signature market.

 Per company: level I: 15%, level II: 45% and level III: 40%
 By designation: C level: 28%, Director level: 34% and other: 38%
 By region: North America: 30%, Europe: 40%, APAC: 14%, MEA: 10% and Latin America: 6%

The dynamic nature of the business environment in today’s global economy increases the need among business professionals to update themselves with current market situations. To meet these needs, Shibuya Data Count provides market research reports to various professionals in different verticals, such as healthcare and pharmaceuticals, IT and telecommunications, chemicals and advanced materials, goods consumption and food, energy and electricity, manufacturing and construction, industry. automation and equipment and agriculture and related activities, among others.

For more information please contact:

Hina Miyazu

Shibuya Data Count
Email: sales@sdki.jp
Tel: + 81 3 45720790

The publication Digital Signature Market Size by Global Leading Company Profile, Competitive Landscape and Key Regions 2022-2031 appeared first on Comserveonline.