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(EMAILWIRE.COM, February 15, 2019 ) According to the new market research report “ Digital Signature Market by Solution (Software and Hardware), Service, Deployment Mode, Application (BFSI, Government & Defense, Legal, Real Estate, HR, Manufacturing & Engineering, Healthcare & Life Sciences), and Region - Global Forecast to 2023", published by MarketsandMarkets™, digital signature market size to grow from USD 1.2 billion in 2018 to USD 5.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.7% during the forecast period.
The digital signature market is said to have a potential scope for growth in the years to come, due to the increase in cyber threats, data security, authenticity, legal compliances, and regulations.
Banking, financial services and insurance segment to grow at the highest CAGR during the forecast period
The applications segment is sub-segmented as Human Resource (HR); education and research; Banking, Financial Services and Insurance (BFSI); government and defense; healthcare and life sciences; legal; real estate; manufacturing and engineering; others (retail, transit, energy and utilities, telecom, operations, sales and marketing, pharmaceuticals, and procurement). Among these segments, the BFSI segment is expected to grow at the highest CAGR during the forecast period. A number of online frauds, data breaches, and cyber-attacks in BFSI industries would increase the demand for digital signature solutions.
Browse and in-depth TOC on "Digital Signature Market"
56 - Tables
32 - Figures
131 - Pages
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Cloud segment to account for a larger market size during the forecast period
The digital signature market by deployment has 2 segments: cloud and on premises. The cloud segment is expected to have a larger market share during the forecast period because capital required to deploy cloud-based solutions is less than on-premises solutions.
Europe to hold the largest market size and grow at the highest CAGR during the forecast period
Europe is expected to hold the highest CAGR during the forecast period. In Europe, the growth rate can be attributed to various factors, including the adoption of advanced technologies, economic developments, increase in the rate of digitalization, and high investments by digital signature solution providers. Driving forces for the region are the huge population in this region which contributes to the volume of transactions, and domestic and international enterprises that are investing in this region.
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The digital signature market report provides the competitive landscape and company profiles of the key vendors by their product offerings and business strategies. Major vendors in the global digital signature market include Adobe (US), OneSpan (US), Gemalto (Netherlands), Ascertia (UK), DocuSign (US), Entrust Datacard (US), SIGNiX (UK), Secured Signing (New Zealand), Identrust (US), and Kofax (US), RPost Technologies (US), HelloSign (US), MultiCert (Lisbon), GlobalSign (US), RightSignature (US), and Zoho Corp (India).
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About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarketsÂ’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets
Mr. Shelly Singh
1-888-600-6441
sales@marketsandmarkets.com 
Source: EmailWire.com
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