The global e-signature market is growing at 20.5% CAGR over the projected period owing to increasing demand for digital transaction management, rising security concerns in organizations, mounting government support, and increasing adoption of developed technologies in emerging countries. In addition, the rising number of connected devices, and growth in the e-commerce sector will propel the demand for the e-signature market. Nevertheless, the rising internet penetration and cloud computing platforms to deal online by consumers and organizations during the COVID-19 crisis will provide opportunities for growth in the e-signature market.

The COVID-19 outbreak has had a tremendous growth in the e-signature market owing to remote working technology and rising demand for secured connectivity and online transactions.

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Based on deployment type, the cloud-based segment dominates the market as it provides secured and seamless management. Many industries players are focusing on innovating cloud-based solutions to attract customers towards e-signature solutions.

North America dominates the e-signature market owing to the rising adoption of e-signatures to reduce online fraud and increasing adoption in the BFSI sector in the region. The growing investment to develop advanced technologies in different sectors will accelerate the growth of the e-signature market in the region so as to enhance productivity and quality control.

The prominent players in the e-signature industry include Adobe Systems Inc., Citrix Systems Inc., SIGNiX Inc., Docusign Inc., SSL Europa France SAS, Gemalto NV, Sertifi Inc. RPost, and AssureSign LLC.

Source: VynZ Research