Global Digital Signature Market Report 2022: Favorable Government Regulation Allowing Industry to Thrive – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Digital Signature Market Report 2022, By Offer, Deployment, End User” report has been added to from ResearchAndMarkets.com offer.

The global digital signature market is expected to grow from $3.79 billion in 2021 to $5.10 billion in 2022 at a compound annual growth rate (CAGR) of 34.7%. The market is expected to reach $15.63 billion in 2026 with a CAGR of 32.3%.

The supportive policies of the governments of various countries have boosted the digital signature market. For example, the US government passed a law called the 21st Century Integrated Digital Experience Act (also known as the 21st Century IDEA Act). The 21st Century IDEA Act created a set of minimum features and security standards that federal agencies must meet. According to this law, agencies must offer digital versions of services to citizens on paper and accept digital signatures, thus allowing citizens to transact digitally. Such policies by the governments of various countries have boosted the demand for the digital signature market.

Lack of awareness about the legality of digital signature is a major challenge for the digital signature market. Several countries have formulated laws assigning legal validity to digital signatures to ensure authenticity and security. For example, ESIGN Act (Electronic Signature in Global and National Commerce Act), GPEA (Government Paperwork Elimination Act), EU law (EU Directive for Electronic Signatures) and Indian IT Act 2000, among others.

However, the public in various countries are unaware of the existence of the digital signature law. This is mainly due to the lack of adequate communication on the adoption of laws and regulations. Due to the complexity of the regulations and the difficulty in understanding the laws, the public seems to be unaware of the details. Hence, the lack of awareness about the legality of a digital signature is limiting the adoption of digital signatures, which impacts the growth of the market.

Digital signature solutions provided to businesses integrate blockchain technology with digital signing. The purpose of blockchain integration with a digital signature is to provide users with the ability to certify integrity and timestamp. For example, DocuSign collaborated with Visa on public prototypes of a blockchain-based smart contract. A blockchain-based smart contract transforms the contract into a computer program and the internet-connected program monitors and triggers relevant actions according to the terms of the contract.

Scope

Covered markets:

1) By offering: software; Material; Services

2) By deployment: Cloud; On the site

3) By end user: banking, financial and insurance services (BFSI); IT and telecommunications; Government; Healthcare and Life Sciences; Education; Detail; Immovable; Others

Main topics covered:

1. Summary

2. Characteristics of the digital signature market

3. Digital Signature Market Trends and Strategies

4. Impact of COVID-19 on the digital signature

5. Digital Signature Market Size and Growth

6. Digital Signature Market Segmentation

7. Regional and Country Analysis of the Digital Signatures Market

8. Asia Pacific Digital Signature Market

9. Chinese digital signature market

10. Digital Signature Market in India

11. Digital signature market in Japan

12. Australian Digital Signature Market

13. Digital Signature Market in Indonesia

14. South Korea Digital Signature Market

15. Western Europe Digital Signature Market

16. UK digital signature market

17. Digital signature market in Germany

18. Digital signature market in France

19. Eastern Europe Digital Signature Market

20. Digital signature market in Russia

21. North America Digital Signature Market

22. United States Digital Signature Market

23. South America Digital Signature Market

24. Digital signature market in Brazil

25. Middle East Digital Signature Market

26. Africa Digital Signature Market

27. Digital Signatures Market Competitive Landscape and Company Profiles

28. Key mergers and acquisitions in the digital signature market

29. Digital Signature Market Future Outlook and Potential Analysis

30. Appendix

Companies cited

  • Adobe systems

  • DocuSign Inc.

  • Ascertia

  • Identitytrust

  • SIGNIX

  • Gemalto

  • Entrust Datacard Corporation

  • Kofax Limited (a Lexmark company)

  • Rpost Technologies

  • Limited Secure Signature

  • OneSpan

  • Hellosign

  • Globalsign

  • Multicert

  • RightSignature

  • Zoho Corp.

  • Esignlive by Vasco

  • Arthur D. Small

  • Shachihata Inc.

  • Glykka LLC

  • electronic signature genius

  • SignaShare

  • KeepSolid Inc.

  • GetAccept Inc.

  • Symtrax Management Inc.

  • Microsoft Corporation

  • International Business Solutions LLC

  • TECH Inc. of Korea SYSTEM.

  • Kotrade Inc.

  • Oracle Corporation

For more information on this report, visit https://www.researchandmarkets.com/r/lk51ed

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