Digital Signature Market Expected to Reach US$ 6,911.4 Mn by 2026

-
A digital signature is an encrypted and electronic stamp of authentication on digital documents such as PDF files, word files, or online legal contract papers. With recent advancements in digital technology, cloud-based digital signature solutions are gaining traction in the market. The cloud-based segment is expected to account for a significant share of the digital signature market over the forecast period. The global digital signature market is currently driven by benefits provided by solutions such as cost reduction, improved efficiency, time saving, and enriched customer experience.

The global digital signature market was valued at US$ 804.8 Mn in 2017 and is expected to expand at a CAGR of 27.0% during the forecast period.

Improved operational efficiency at reduced costs, enhanced security, and organized workflow associated with digital signatures are some of the factors expected to drive the digital signature market. However, lack of awareness regarding the legality of digital signatures and differences in digital signature regulations across various regions are some of the factors restraining the market. Government or industry association initiatives such as awareness programs for different industries could help increase consumer awareness about the legality of digital signatures.

Open standard, cloud-based digital signatures, which can be integrated with existing applications, systems, or processes, making an end-to-end workflow organized and uninterrupted are anticipated to present significant opportunities for the digital signature market. Proliferation of tablets and smartphones and the presence of more than seven billion mobile devices across the globe offer significant opportunities for open standard, cloud-based digital signatures, which can be utilized on any mobile device and on any browser.


The global digital signature market is expected to be further driven by rapid growth in Europe. The region is estimated to constitute a significant market share during the forecast period, with the U.K., Germany, and France contributing most to the region’s revenue. The digital signature market in Europe is mainly driven by initiatives undertaken by governments to create opportunities for organizations to conduct cross border business. The ‘Electronic Identification and Trust Services for Electronic Transactions in the 

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more