|
(Wireless-NewsWire.Com, June 07, 2018 ) The market is expected to grow from USD 662.7 Million in 2016 to USD 2657.0 Million by 2021, at a Compound Annual Growth Rate (CAGR) of 32.0% during the forecast period. The rising need for digital signature solutions, effective security of transactions, and the need of authenticating user identity are increasing the demand for the market.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-digital-signature-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/3057541
The digital signature market is segmented on the basis of components, deployment modes, applications, and regions. This market is segmented based on the components installed at enterprises and in branches, which includes solutions & services. The services have the largest market share in 2016. The solutions customized by companies are based on the requirement of the end-user. These solutions are intended at replacing paper-based signatures, improving safety & security, increasing the efficiency, and lowering the costs.
The digital signature market by deployment type comprises on-premises and cloud-based deployments. On–premises deployment assures high levels of flexibility and control. The cloud-based solutions enable end-users to expand the number of signers, as required. Cloud-based services are expected to become the largest segment by 2021. The increasing demand for cloud-based services is driving the market.
The digital signature market is also segmented on basis of applications that are utilized and deployed to the end-users, such as the Banking, Financial Services, & Insurance (BFSI) and government & defense. The managed services segment is expected to have the largest market share in 2016. Managed services provide a combination of digital signature solutions to end-users, which helps reduce the overall cost of operations and makes them more flexible. They also provide seamless integration of Wide Area Network (WAN) and branch networks to provide end-to-end solutions to end-users.
Request free sample @ https://www.researchcosmos.com/request/3057541
The digital signature market is segmented on the basis of verticals into Human Resources (HR), education & research, BFSI, government & defense, healthcare & life sciences, legal, real estate, manufacturing & engineering, and others, including retail, transit, energy & utilities, telecommunications, operations, sales & marketing, and pharmaceuticals & procurement. In 2016, the BFSI vertical had the highest market share. Owing to the fact that improving the operational efficiency has become one of the key elements of the enterprise strategies, the demand for providing security and user identity is increasing rapidly.
North America is expected to have the largest market share in 2016; whereas, the European region is expected to grow at the highest CAGR from 2016 to 2021 in the digital signature market. The major growth factors that would drive the adoption of digital signature in Europe includes secure & reliable transactions, authenticating the identity of the user over the digital network, and the new release of regulations for electronic signatures by the European Electronic Messaging.
Rules and regulations regarding e-Signatures differ in each country, though e-signatures are legally valid and enforceable in almost every commercial nation in the world. The digital signature market lacks scattered regulations. The key vendors in this market are Adobe Systems, Inc., Gemalto, Inc., Secured Signing Limited, Signix, Ascertia, Entrust Datacard Corp., eSignLive, RPost Technologies, Kofax Limited, DocuSign, and IdenTrust, Inc. These players have adopted various strategies, such as new product developments, acquisitions, contracts, and partnerships, to serve the market.
Check for discount @ https://www.researchcosmos.com/discount/3057541
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
|
