The Global Digital Signature Market Size gathered USD 3.2 Billion in 2021 and is set to garner a market size of USD 48.4 Billion by 2030 growing at a CAGR of 35.4% from 2022 to 2030.
A digital signature is a technique for confirming the legitimacy and integrity of a digital message or document. It assures that the message hasn't been tampered with in transit by encrypting and decrypting a message using a combination of a private key and a public key. The communication must be signed with the sender's private key and then confirmed with the sender's corresponding public key for a digital signature to be regarded as legitimate. This procedure aids in verifying that the message or document is authentic and hasn't been tampered with in any way.
Digital Signature Market Report Statistics
- Global digital signature market revenue is estimated to reach USD 48.4 Billion by 2030 with a CAGR of 35.4% from 2022 to 2030
- North America digital signature market value gathered more than USD 1.1 billion in 2021
- Asia-Pacific digital signature market growth will record a CAGR of more than 36% from 2022 to 2030
- Among component, the software sub-segment collected 45% share in 2021
- Based on industry verticals, the BFSI sub-segment achieved US$ 1.2 billion in revenue in 2021
- The emergence of blockchain technology is a popular digital signature market trend that drives the industry demand
Global Digital Signature Market Dynamics
Market Drivers
- Increased adoption of digitalization
- Government regulations and compliance requirements
- The increasing trend of remote working and digital communication
- The need for digital transformation in various sectors
Market Restraints
- Limited awareness and understanding
- High cost of implementation
- Privacy and data security concerns
Market Opportunities
- Integration of digital technologies and IoT
- Advancements in technology such as biometric authentication
Digital Signature Market Report Coverage
| Market |
Digital Signature Market |
| Digital Signature Market Size 2021 |
USD 3.2 Billion |
| Digital Signature Market Forecast 2030 |
USD 48.4 Billion |
| Digital Signature Market CAGR During 2022 - 2030 |
35.4% |
| Digital Signature Market Analysis Period |
2018 - 2030 |
| Digital Signature Market Base Year |
2021 |
| Digital Signature Market Forecast Data |
2022 - 2030 |
| Segments Covered |
By Component, By Deployment, By Industry Vertical, By Organization Size, And By Geography
|
| Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
| Key Companies Profiled |
Adobe Systems, Inc., Ascertia, Datacard Corp., DocuSign, Entrust Corporation, IdenTrust, Inc., Secured Signing Limited, Signix, OneSpan, and Zoho Corporation Pvt. Ltd.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
Digital Signature Market Growth Factors
Increased digitalization adoption is a key factor driving the global digital signature market value. The use of digital signatures is becoming more common as more businesses and individuals move their operations online. Many governments around the world are putting in place regulations requiring the use of digital signatures on certain types of documents and transactions. Digital signatures are more secure than traditional signatures, making them an appealing option for businesses and individuals looking to safeguard sensitive information.
However, many businesses and individuals are still unaware of digital signatures' benefits and capabilities, which can limit their adoption and usage. Digital signature solutions can be technically difficult to implement, especially for organizations with limited IT resources. The digital signature market currently lacks standardization, making it difficult for individuals and companies to know which solutions to trust and then use. Digital signature solutions may be exposed to cyber threats such as hacking or fraud, which may limit the market growth. Besides that, digital signature solutions may raise concerns about privacy and data security, which may limit their adoption and use.
On the other hand, the increasing integration of digital technologies such as IoT and Industry 4.0 in various sectors like manufacturing, healthcare, and logistics is expected to generate numerous growth opportunities for the market in the coming years. Furthermore, the popularity of cloud-based technology has aided in the growth of the digital signature market by making it easier to use and cost-effective.
Digital Signature Market Segmentation
The worldwide digital signature market is categorized based on component, deployment, organization size, industry vertical, and geography.
Digital Signature Market By Component
- Hardware
- Software
- Service
According to a digital signature industry analysis, the software segment generated the most revenue in 2021 and is expected to continue to do so in the future. This is due to the fact that software is the key component that allows digital signature functionality, and it is used in a variety of industries and applications. The digital signature software plug-ins, digital signature software application, and digital signature software libraries are all part of the software component. These software solutions make it possible for businesses and individuals to create, manage, and verify digital signatures, and they can be incorporated into existing systems and workflows. The hardware component includes signature capture devices such as digital signature pads, smartphones, and tablets. The services component includes vendor-provided professional services such as installation, customization, training, and support.
Digital Signature Market By Deployment
In the digital signature market, the deployment model that generates the fastest growth rate is cloud-based deployment. This is because cloud-based digital signature solutions are becoming increasingly popular among businesses and individuals due to their scalability, flexibility, and cost-effectiveness. Cloud-based deployment refers to the delivery of digital signature services over the internet. These solutions are typically provided as Software-as-a-Service (SaaS) and can be accessed through a web browser. Cloud-based digital signature solutions are highly scalable and can be easily accessed and used by businesses and individuals from anywhere with an internet connection.
Digital Signature Market By Industry Vertical
- BFSI
- Human Resources and Legal
- Government & Defense
- Manufacturing & Retail
- Healthcare
- Others
The banking, financial services, and insurance (BFSI) segment are one of the key segments of the digital signature market. Digital signatures are widely used in the BFSI sector for a wide range of applications, including the signing of contracts, agreements, and financial documents. In addition, the government segment is a significant part of the digital signature market. Digital signatures are widely used in the government sector for a wide range of applications, including the signing of official documents and records, such as birth certificates, ID cards, licenses, and government contracts.
Digital Signature Market By Organization Size
As per the digital signature market forecast, the large enterprise sub-segment is expected to collect the utmost market share from 2022 to 2030. Large enterprises are a significant part of the digital signature market. They use digital signatures to improve the efficiency, security, and compliance of their business processes. Large enterprises use digital signatures for a wide range of applications, such as the signing of contracts, agreements, and financial documents. They also use them for document management, workflow automation, and e-signatures for human resources and procurement processes. Furthermore, large enterprises also have the resources to invest in advanced digital signature solutions and services that can help them to meet their specific needs and requirements.
Digital Signature Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Digital Signature Market Regional Analysis
North America is expected to lead the digital signature market, owing to rising digitalization adoption and the presence of numerous key players in the region. The United States leads the North American digital signature market, closely followed by Canada. The Asia-Pacific digital signature market is expected to grow rapidly, owing to rising digitalization, a large population, and increased use of digital signatures in numerous industries such as healthcare, finance, and government. The Asia-Pacific digital signature market is dominated by China and Japan.
Digital Signature Market Players
Some of the leading Digital Signature companies include Adobe Systems, Inc., Ascertia, Datacard Corp., DocuSign, Entrust Corporation, IdenTrust, Inc., Secured Signing Limited, Signix, OneSpan, and Zoho Corporation Pvt. Ltd.
CHAPTER 1. Industry Overview of Digital Signature Market
1.1. Definition and Scope
1.1.1. Definition of Digital Signature
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Digital Signature Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Digital Signature Market By Component
1.2.3. Digital Signature Market By Deployment
1.2.4. Digital Signature Market By Industry Vertical
1.2.5. Digital Signature Market By Organization Size
1.2.6. Digital Signature Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Digital Signature Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Digital Signature Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Regulatory Compliance
3.9. Competitive Landscape, 2021
3.9.1. Player Positioning Analysis
3.9.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Digital Signature Market By Component
4.1. Introduction
4.2. Digital Signature Market Revenue By Component
4.2.1. Digital Signature Market Revenue (USD Billion) and Forecast, By Component, 2018-2030
4.2.2. Hardware
4.2.2.1. Hardware Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.3. Software
4.2.3.1. Software Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
4.2.4. Service
4.2.4.1. Service Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 5. Digital Signature Market By Deployment
5.1. Introduction
5.2. Digital Signature Market Revenue By Deployment
5.2.1. Digital Signature Market Revenue (USD Billion) and Forecast, By Deployment, 2018-2030
5.2.2. Cloud-Based
5.2.2.1. Cloud-Based Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
5.2.3. On-Premise
5.2.3.1. On-Premise Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 6. Digital Signature Market By Industry Vertical
6.1. Introduction
6.2. Digital Signature Market Revenue By Industry Vertical
6.2.1. Digital Signature Market Revenue (USD Billion) and Forecast, By Industry Vertical, 2018-2030
6.2.2. BFSI
6.2.2.1. BFSI Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.3. Human Resources and Legal
6.2.3.1. Human Resources and Legal Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.4. Government & Defense
6.2.4.1. Government & Defense Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.5. Manufacturing & Retail
6.2.5.1. Manufacturing & Retail Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.6. Healthcare
6.2.6.1. Healthcare Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
6.2.7. Others
6.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 7. Digital Signature Market By Organization Size
7.1. Introduction
7.2. Digital Signature Market Revenue By Organization Size
7.2.1. Digital Signature Market Revenue (USD Billion) and Forecast, By Organization Size, 2018-2030
7.2.2. Large Enterprises
7.2.2.1. Large Enterprises Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
7.2.3. SMEs
7.2.3.1. SMEs Market Revenue (USD Billion) and Growth Rate (%), 2018-2030
CHAPTER 8. North America Digital Signature Market By Country
8.1. North America Digital Signature Market Overview
8.2. U.S.
8.2.1. U.S. Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
8.2.2. U.S. Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.2.3. U.S. Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.2.4. U.S. Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
8.3. Canada
8.3.1. Canada Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
8.3.2. Canada Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
8.3.3. Canada Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
8.3.4. Canada Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
8.4. North America PEST Analysis
CHAPTER 9. Europe Digital Signature Market By Country
9.1. Europe Digital Signature Market Overview
9.2. U.K.
9.2.1. U.K. Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
9.2.2. U.K. Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.2.3. U.K. Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.2.4. U.K. Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.3. Germany
9.3.1. Germany Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
9.3.2. Germany Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.3.3. Germany Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.3.4. Germany Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.4. France
9.4.1. France Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
9.4.2. France Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.4.3. France Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.4.4. France Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.5. Spain
9.5.1. Spain Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
9.5.2. Spain Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.5.3. Spain Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.5.4. Spain Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.6. Rest of Europe
9.6.1. Rest of Europe Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
9.6.2. Rest of Europe Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
9.6.3. Rest of Europe Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
9.6.4. Rest of Europe Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
9.7. Europe PEST Analysis
CHAPTER 10. Asia-Pacific Digital Signature Market By Country
10.1. Asia-Pacific Digital Signature Market Overview
10.2. China
10.2.1. China Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
10.2.2. China Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.2.3. China Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.2.4. China Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.3. Japan
10.3.1. Japan Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
10.3.2. Japan Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.3.3. Japan Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.3.4. Japan Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.4. India
10.4.1. India Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
10.4.2. India Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.4.3. India Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.4.4. India Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.5. Australia
10.5.1. Australia Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
10.5.2. Australia Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.5.3. Australia Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.5.4. Australia Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.6. South Korea
10.6.1. South Korea Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
10.6.2. South Korea Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.6.3. South Korea Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.6.4. South Korea Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
10.7.2. Rest of Asia-Pacific Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
10.7.3. Rest of Asia-Pacific Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
10.7.4. Rest of Asia-Pacific Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
10.8. Asia-Pacific PEST Analysis
CHAPTER 11. Latin America Digital Signature Market By Country
11.1. Latin America Digital Signature Market Overview
11.2. Brazil
11.2.1. Brazil Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
11.2.2. Brazil Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.2.3. Brazil Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.2.4. Brazil Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
11.3. Mexico
11.3.1. Mexico Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
11.3.2. Mexico Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.3.3. Mexico Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.3.4. Mexico Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
11.4. Rest of Latin America
11.4.1. Rest of Latin America Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
11.4.2. Rest of Latin America Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
11.4.3. Rest of Latin America Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
11.4.4. Rest of Latin America Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
11.5. Latin America PEST Analysis
CHAPTER 12. Middle East & Africa Digital Signature Market By Country
12.1. Middle East & Africa Digital Signature Market Overview
12.2. GCC
12.2.1. GCC Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
12.2.2. GCC Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.2.3. GCC Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.2.4. GCC Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
12.3. South Africa
12.3.1. South Africa Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
12.3.2. South Africa Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.3.3. South Africa Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.3.4. South Africa Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Digital Signature Market Revenue (USD Billion) and Forecast By Component, 2018-2030
12.4.2. Rest of Middle East & Africa Digital Signature Market Revenue (USD Billion) and Forecast By Deployment, 2018-2030
12.4.3. Rest of Middle East & Africa Digital Signature Market Revenue (USD Billion) and Forecast By Industry Vertical, 2018-2030
12.4.4. Rest of Middle East & Africa Digital Signature Market Revenue (USD Billion) and Forecast By Organization Size, 2018-2030
12.5. Middle East & Africa PEST Analysis
CHAPTER 13. Player Analysis Of Digital Signature Market
13.1. Digital Signature Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Digital Signature Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. Company Profile
14.1. Adobe Systems, Inc.
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (USD Billion), 2021
14.1.3.2. AECOM 2021 Digital Signature Business Regional Distribution
14.1.4. Product /Service and Specification
14.1.5. Recent Developments & Business Strategy
14.2. Ascertia
14.3. Datacard Corp.
14.4. DocuSign
14.5. Entrust Corporation
14.6. IdenTrust, Inc.
14.7. Secured Signing Limited
14.8. Signix
14.9. OneSpan
14.10. Zoho Corporation Pvt. Ltd
