Digital Signature Market to Boom with 28.6% Growth Rate in Coming Years: P&S Intelligence
NEW YORK, Sept. 15, 2020 /PRNewswire/ -- With the rising digitization of business operations, the governments of many countries are increasingly focusing on getting rid of paper work and promoting the usage of digital signatures. In addition to this, the companies operating in the BFSI (banking, financial services, and insurance) sector are rapidly adopting digital signature-based biometrics. Because of these reasons, the value of the global digital signature market is predicted to rise from $1,534.8 million to $23,949.7 million from 2019 to 2030. Furthermore, the market will exhibit a CAGR of 28.6% from 2020 to 2030, according to the market research report published by P&S Intelligence.
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Geographically, the digital signature market is predicted to demonstrate the fastest growth in the Asia-Pacific (APAC) region in the upcoming years, mainly due to the rising focus of governments and organizations on reducing the incidence of frauds in the region. In addition to this, the rising popularity of digital payments and transactions, expanding BFSI sector, and the increasing implementation of various policies by the governments of regional countries for promoting the utilization of digital technologies and reducing paperwork are fueling the surge of the market in this region. For example, the government of India launched the Digital India program in July 2015. This program is aimed at making government services and schemes available to people in the digital form.
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The players operating in the digital signature market are developing advanced solutions for augmenting their sales and expanding their geographical reach.
For example, Secured Signing Limited made significant improvements and enhancements in its document signing and account reporting software in February 2020. Some of the major features of the improved version are template workflow settings, integration with the JobAdder software platform, and massive improvements in the integrated platform with Salesforce.com Inc.
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Similarly, Gemalto N.V. announced the incorporation of PKI (public key infrastructure) credentials into its STA (SafeNet Trusted Access) in October 2018. This enables users to adopt certificate-based authentication, if defined in the access policy of STA.
Some of the major players operating in the digital signature market are Zoho Corporation Pvt. Ltd., SignaShare, GetAccept Inc., Symtrax Holdings Inc., DocVerify Inc., KeepSolid Inc., Glykka LLC, eSign Genie, IndenTrust Inc., RPost Communications Limited, Gemalto N.V., Thales eSecurity Inc., Ascertia Limited, DocuSign Inc., SIGNiX Inc., Entrust Datacard Corporation, Adobe Inc., and Secured Signing Limited.
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About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.
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