The global digital signature market is gaining huge popularity owing to its ability to improve digital workflow and enabling time and cost efficiencies along with strengthening security measures. It has been observed that implementation of digtal signature in workplace is enabling the business organizations to send business and legal documents in an authenticated manner that reduces risk for the enterprises and enables efficient work process. These factors are thereby contributing towards the growth of the market.

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In order to reduce fraudulent activities, the digital signature technology is being adopted at a rapid pace, wide adoption of these solutions that are biometrics based in the BFSI segment along with increasing government initiatives pertaining to eliminating the use of paperwork are the major factors that are driving the growth of the digital signature industry.

On the basis of application, the digital signature market is segmented into government, healthcare and lifescience, banking, telecom, retail, it, and others. Among all these industries, the extensive demand for these solutions is observed from the banking industry.

On the basis of solution, the digital signature market is segmented into hardware, software and services. Among all these segments, software segment is expected to witness the fastest growth during the forecast period. Software segment provides cost efficiencies and low transaction time that enables various business enterprises to provide additional benefits to its users along with improved efficiencies.

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Some of the key players in the digital signature industry are Adobe Systems, Inc, Ascertia, Microsoft Corporation, Docusign, Inc., Entrust Datacard Corp, Gemalto, Inc, IdenTrust, Inc, International Business solutions llc, Kofax Limited, Korea SYSTEM’s TECH Inc, Kotrade Inc, Right Signature LLC, Secured Signing Limited, Signix Inc and Oracle Corporation.

Source: VynZ Research