DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Digital Signature Market by Solution (Software and Hardware), Services, Deployment, Application (BFSI, Government and Defence, Legal, Real Estate, Manufacturing and Engineering, Healthcare and Lifesciences) and Region - Global Forecast to 2021" report to their offering.
The digital signature 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 digital signature market.
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.
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.
- Improved Operational Efficiency and Lower Opex
- Enhanced End-To-End Customer Experience
- Improved Security and Controlled Workflow
- Scattered Regulations and Insufficient Cross-Country Recognition
- Lack of Awareness Regarding Legality of Digital Signature
- Technological Evolution
- Increased Acceptance of Cloud-Based Security Solutions
- Deeply-Entrenched Traditional Business Practices
- Digital Signature Implementation
The key vendors in this market are
- Adobe Systems, Inc
- Entrust Datacard Corporation
- Esignlive By Vasco
- Gemalto N.V.
- Identrust, Inc.
- Kofax Limited (A Lexmark Company)
- Rpost Technologies
- Secured Signing Limited
- Signix, Inc.
For more information about this report visit http://www.researchandmarkets.com/research/klt8hd/digital_signature