Market Overview

Digital signature is a technology that assures the contents of the message have not been altered in transit. In layman’s term, digital signature validates the legitimacy and integrity of a message, digital content or software. It is typically used as encryption measure or password to ensure safety and integrity of files, confidential information, data, and documents during exchange between various entities parties. Various countries such as the U.S., Brazil, Saudi Arabia, India, Indonesia, Switzerland, and other European countries consider electronic signature as legally significant. Digital signature is a part of electronic signature as it is also in electronic form. However, digital signatures offers more in terms of providing security and integrity of information etc.

The global digital signature software market was estimated to account for US$ 990.6 Mn in terms of value in 2019.

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Market Dynamics

Various companies are minimizing the security risk associated with fraud by offering data integrity, message authentication, and non-repudiation. The use of digital signature reduces the risk of documents being intercepted, deflected, or altered while in transit. Moreover, a digitally signed document can be held legal and valid in the court similar to any other signed paper document. This, in turn, has increased the adoption of digital signature software in numerous companies thereby driving growth of the global digital signature software market during the forecast period.

The adoption of digital signature software is extremely low in emerging economies, owing to lack of awareness and absence of supportive regulatory norms. Moreover, various industries are reluctant to adopt digital signature software due to lack supportive infrastructure, which in turn, is expected to restrain growth of the global digital signature software market over the forecast period.

Detailed Segmentation:

Global Digital Signature Software Market, By Component:

Software

Services

Global Digital Signature Software Market, By End-User:

Consumer

Enterprises

Global Digital Signature Software Market, By Industry:

BFSI

Defense

Government

Retail & Consumer Goods

Healthcare

Education

IT & Telecom

Others



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Key companies operating in the global digital signature software market are Cryptolog SAS, Vasco Data Security International, Inc., Integrated Media Management LLC, RightSignature LLC, Secured Signing Limited, Sertifi Inc., Comsigntrust Ltd., Identrust Inc., Ascertia Ltd., and Entrust Datacard Corporation.

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