Adoption Scenario of Digital Signature Software Market to Remain Positive Through 2027

The competitive landscape in the global digital signature software market is benchmarked by the rivalry between the prominent vendors, such as COMSIGNTRUST Ltd., Integrated Media Management LLC, Identrust Inc., VASCO Data Security Int. Inc., ASCERTIA Ltd., SERTIFI Inc., Cryptolog SAS, Entrust Datacard Corp., SECURED SIGNING Ltd., and RightSignature LLC, states a new report by Persistence Market Research (PMR). With the increasing number of new entrants, the competition within this market likely to intensify further, states the research report.

According to the research study, the global market for digital signature software, which was worth US$587.6 mn in 2016, will offer a lucrative opportunity of US$3.40 bn by 2027 end, with an exponential CAGR of 22.40% during the period from 2017 to 2027.

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Increasing Trend of Going Paperless in Organizations to Boost Growth

"With the increasing concerns among consumers over the secrecy of a number of activities, especially legal proceedings, the demand for digital signature software is witnessing a remarkable growth across the world," says an analyst at PMR. The convenience digital signature offers is the key factor behind its growing popularity. The cost factor also plays an important role in the rising uptake of digital signature software across the world, as digital signature significantly lower the usage of physical documentation, cutting the cost incurred in paper, printing, and shipping of the documents.

With an increasing number of organizations looking forward to go paperless in future, the global market for digital signature software is expected to rise tremendously over the next few years. However, the complex procedure of digital signature may hamper the market to some extent in the years to come, states the research report.

Key Players:

The report has profiled some of the Important players prevalent in the global like - COMSIGNTRUST Ltd., Integrated Media Management LLC, Identrust Inc., VASCO Data Security Int. Inc., ASCERTIA Ltd., SERTIFI Inc., Cryptolog SAS, Entrust Datacard Corp., SECURED SIGNING Ltd., and RightSignature LLC and more.

This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Digital Signature Software.

Software to Remain Key Component of Digital Signature Software Market

In this research study, the worldwide market for digital signature software has been analyzed on the basis of several important parameters, such as the component, end user, and industry. Software and services have surfaced as the key components of digital signature. Among the two, the software segment is likely to lead the global market in the near future. By end user, enterprises have emerged as the leading end user segment in this market and are anticipated to remain so over the period of the forecast.

BFSI, with maximum revenue, has been the leading industry in the global digital signature software market, thanks to it's the increasing usage of digital signature in various departments, such as mortgages, loans, and several administration departments. Creating an incremental opportunity worth US$950.9 mn during the period of the forecast, this segment is likely to continue on the top in the years to come, notes the market study.

North America to Retain Dominance over Global Digital Signature Software Market

The report also presents a region-based assessment of the worldwide market for digital signature software. North America, with a whopping sum of US$193.2 mn, led the global market in 2016. Researchers expect the North America market for digital signature software to remain dominant over the next few years, thanks to early adoption of technology and the presence of an advanced IT infrastructure in this region, reports the research study.

The global digital signature software market is segmented into:

By Component- Software, Services.

By End User- Consumer, Enterprises.

By Industry- BFSI, Defense, Government, Retail and Consumer Goods, Healthcare, Education, IT and Telecom, Others

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Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)

Key Stakeholders
Digital Signature Software Market Manufacturers
Digital Signature Software Market Distributors/Traders/Wholesalers
Digital Signature Software Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

Digital Signature Software Market - Report Highlights

A detailed overview of parent market of Digital Signature Software market
Changing Digital Signature Software market dynamics in the industry
In-depth segmentation of the Digital Signature Software market
Historical, current, and projected Digital Signature Software market size regarding volume and value
Recent industry trends and developments in Digital Signature Software market
Competitive landscape of the Digital Signature Software market
Strategies for key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on Digital Signature Software market performance
Must-have information for Digital Signature Software market players to sustain and enhance their market footprint

Key Questions Answered in This Report:

What will the Market growth rate in Future?
What are the key factors driving the global Market?
Who are the key manufacturers in Market space?
What are the opportunities and threats faced by the vendors in the global industry?
What are sales, revenue, and price analysis by regions of industry?

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This release was published on openPR.