Digital Signature Market Moderate threat of new entrants due to high initial investments and continuous innovation
Digital signature is a mathematical technique, which is used to prove the authenticity of an electronic document or message such as e-mails, word file, PDF, and others. It is considered equivalent to handwritten signature, which implies that a message sent with a valid digital signature has similar attributes as that of handwritten signature and cannot be denied by the sender. Furthermore, digital signature is a part of electronic signature, which uses public key infrastructure (PKI) for data encryption and decryption. PKI is a set of policies, roles, and procedures that facilitates the authenticated and secured electronic transfer of data for various network activities such as internet banking, e-commerce, and other internal activities. In addition, cryptocurrency is a digital asset used as a medium of exchange to secure the transactions and avoid excessive creation of additional currency units. It reduces the time of operation & use of paper-ink as well as increases the operation competency of processes. It secures truncation from end-to-end, and offers data control, integrity, and transparency.
The global digital signature market is driven by factors such as technological advancements, increased penetration of smartphones, surge in online transactions, low costs of cloud computing platforms, and high penetration of internet worldwide. The other contributing factors include high acceptance of digital signatures in internal processes or communication in enterprises, enhanced operational efficiency, reduced turnaround time, and reduction in costs due to implementation of digital signatures, and growing need for data security and authentication on account of increase in cyber-attacks. However, resistance to adapt the existing applications or systems for the implementation of digital signatures and heavy investment hamper the market growth. Nevertheless, innovation in technology, increase in adoption of hybrid platforms, and new legislations promoting the use of digital signature are expected to supplement the market growth during the forecast period.
Request For Sample Report: https://www.bigmarketresearch.com/request-sample/1051158
The global digital signature market is segmented on the basis of component, deployment type, industry vertical, and geography. Based on the type of component, the global digital signature industry is segmented into hardware, software, and services. Based on the deployment type, the market broadly categorized into on-premise and cloud-based. According to the industry vertical, digital signature industry is segmented into BFSI (banking, financial services, and insurance), education, government, healthcare & life science, IT & telecommunication, real estate, human resource, and others. The market is analyzed based on four regions, namely North America, Europe, Asia-Pacific, and LAMEA.
KEY BENEFITS
- In-depth analysis of the global digital signature market is provided in the report to understand the market dynamics.
- Quantitative analysis of the current trends and future estimations for the period of 2014-2022 is provided to assist strategists and stakeholders to capitalize on the prevailing opportunities.
- Porter’s Five Forces analysis examines the competitive structure of the digital signature industry, and provides a clear understanding of the factors that influence the market entry and expansion.
- A detailed analysis of the geographical segments enables identification of profitable segments.
- Comprehensive analyses of the trends, sub-segments, and key revenue pockets are provided in the report.
- Detailed analyses of the key players and their business strategies are anticipated to assist stakeholders to take informed business decisions.
- Profile analyses of leading players operating in the digital signature industry are provided in the report, which highlight the major developmental strategies adopted by these companies such as mergers & acquisitions, expansions, and new product launches.
Ask for Discount on Report: https://www.bigmarketresearch.com/request-for-discount/1051158
KEY MARKET SEGMENTS
By component
- Hardware
- Software
- Services
By deployment type
- On-premises
- Cloud-based
For Customization: https://www.bigmarketresearch.com/request-for-customization/1051158
By industry vertical
- BFSI
- Education
- Human resource
- IT & telecommunication
- Government
- Healthcare & life science
- Real estate
- Others
KEY MARKET PLAYERS
- Ascertia
- Adobe Systems, Inc.
- DocuSign
- Entrust Datacard Group
- eSignLive by VASCO
- Gemalto N.V.
- IdenTrust Inc.
- Kofax Limited (A Lexmark Company)
- RPost Technologies
About us:
With the arsenal of different search reports, we help you here to look and buy research reports that will be helpful to you and your organization. Our research reports have the capability and authenticity to support your organization for growth and consistency.
With the window of opportunity getting open and shut at a speed of light, it has become very important to survive in the market and only the fittest and competent enough can do so. So, we try and provide with latest changes in the market that can suit your needs and help you take decision accordingly.
Contact us:
5933 NE Win Sivers Drive,
#205, Portland, OR 97220
United States
Direct :+ 1-503-894-6022
Toll Free : + 1-800-910-6452
Email: [email protected]
