LONDON–(BUSINESS WIRE)–Technavio has been monitoring the digital signature market and it is poised to grow by USD 2.77 billion during 2020-2024, progressing at a CAGR of over 27% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The #Global Digital Signature Market will grow by USD 2.77 bn during 2020-2024, according to @TechnavioTweet this
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This Report Addresses:
- The market size from 2020-2024
- Expected market growth until 2024
- Forecast of how market drivers, restraints, and future opportunities will affect the market dynamics
- Segments and regions that will drive or lead market growth and why
- Comprehensive mapping of the competitive landscape
- In-depth analysis of key sustainability strategies adopted by market players
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Frequently Asked Questions-
- Based on segmentation by end-user, which is the leading segment in the market?
- The BFSI segment is expected to be the leading segment based on end-user in the global market during the forecast period.
- What are the major trends in the market?
- Increasing digital signature adoption in cloud-based deployment is one of the major trends in the market.
- At what rate is the market projected to grow?
- Growing at a CAGR of over 27%, the incremental growth of the market is anticipated to be USD 2.77 billion.
- Who are the top players in the market?
- Adobe Inc., DocuSign Inc., Dropbox Inc., Entrust Datacard Corp., GlobalSign Ltd., Kofax Inc., OneSpan Inc., Oracle Corp., SIGNiX Inc., and Thales Group are some of the major market participants.
- What are the key market drivers and challenges?
- Growing number of partnerships and acquisitions is one of the major factors driving the market. However, security concerns associated with digital signatures will restrain market growth.
- How big is the North America market?
- The North America region will contribute 43% of market growth.
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Adobe Inc., DocuSign Inc., Dropbox Inc., Entrust Datacard Corp., GlobalSign Ltd., Kofax Inc., OneSpan Inc., Oracle Corp., SIGNiX Inc., and Thales Group. are some of the major market participants. The growing number of partnerships and acquisitions will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
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Digital Signature Market 2020-2024: Segmentation
Digital Signature Market is segmented as below:
- North America
- South America
Digital Signature Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The digital signature market report covers the following areas:
- Digital Signature Market Size
- Digital Signature Market Trends
- Digital Signature Market Analysis
This study identifies increasing digital signature adoption in cloud-based deployment as one of the prime reasons driving the digital signature market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Digital Signature Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist digital signature market growth during the next five years
- Estimation of the digital signature market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the digital signature market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of digital signature market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 – 2024
Five Forces Analysis
- Five Forces Summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by End user
- Market segments
- Comparison by End user
- BFSI – Market size and forecast 2019-2024
- Government – Market size and forecast 2019-2024
- Healthcare – Market size and forecast 2019-2024
- Legal – Market size and forecast 2019-2024
- Others – Market size and forecast 2019-2024
- Market opportunity by End user
- Customer landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2019-2024
- Europe – Market size and forecast 2019-2024
- APAC – Market size and forecast 2019-2024
- South America – Market size and forecast 2019-2024
- MEA – Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Volume drivers- Demand led growth
- Market challenges
- Market trends
- Vendor landscape
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Adobe Inc.
- DocuSign Inc.
- Dropbox Inc.
- Entrust Datacard Corp.
- GlobalSign Ltd.
- Kofax Inc.
- OneSpan Inc.
- Oracle Corp.
- SIGNiX Inc.
- Thales Group
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.