In 2022, the global digital signature market size was USD 5.95 Billion and predicted to rise at a CAGR of 42.1%. E-signatures to reduce signature forgery, controlled and smooth workflow, cloud-based security solutions, and AI advancements are growing market revenue. A secure virtual signature or seal, a digital signature uses mathematical methods to verify the authenticity and integrity of a digital file, message, or programme. Digital signatures prevent online fraud and forgeries. These verify electronic transactions, documents, and messages and inform consent. The U.S. recognises digital signatures. Asymmetric cryptography—public key cryptography—creates digital signatures. A public key algorithm generates two keys—public and private. Digital signatures verify these mathematically related keys. Sender encrypts signature data. Only sender's public key may decrypt this data. PKI encryption permanently seals documents with digital signatures. Online public and private services are signed with national electronic IDs. Customers trust eIDs. Digital signatures include a time and IP address audit trail.
Furthermore, the report is attuned with the latest market changes and economic landscape with regard to the currently unfolding COVID-19 pandemic. The crisis has affected the demand and supply pattern, as well as the trends of the industry. It has also brought an economic slowdown that has affected the business of the key manufacturers of the industry. The report estimates the impact of this crisis on the current scenario and future prospects and provides a post-COVID market scenario.
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Key companies operating in the Digital Signature market include:
Entrust, Actalis, Signority, Adobe, Thales, AlphaTrust, DocuSign, One Span, Global Sign, SigniFlow
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Digital Signature market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Digital Signature Market
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Digital Signature Market Segmentation:
Component Outlook (Revenue, USD Billion; 2019–2032)
- Solutions
- Services
Deployment Mode Outlook (Revenue, USD Billion; 2019–2032)
- Cloud
- On-Premises
End-Use Outlook (Revenue, USD Billion; 2019–2032)
- BFSI
- Legal
- Real Estate
- Government
- Others
Digital Signature Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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