Report Ocean has recently added a new research report on the global digital agriculture market to its vast base of market studies. The report is titled “Global Digital Signature Market Size study, by Component (Solution and Services), by Deployment Mode (On-Premises and Cloud), by Organization Size (Large Enterprises and Small and Medium-Sized Enterprises), by Solutions (Software and Hardware), by Vertical (BFSI, Government and Defense, Healthcare and Life Sciences, Legal, Real Estate, Education and Others) and Regional Forecasts 2020-2027.” This report has been produced after analyzing the whole market thoroughly. It aims to offer a deep insight into this market to its readers.
According to the study, the overall valuation of global digital signature market reached US$2.1 bn in 2019. The increase in the investment in electronic documents by various governments and enterprises propelled this market substantially over the last few years. During the forecast period of 2020-2027, the market is anticipated to report a humongous rise at a CAGR of more than 31.0%. The need for improved end-to-end customer experience, enhanced operational efficiency at lower OPEX, and high security with a seamless workflow are likely to fuel the demand for digital signature across the world in the years to come.
Moreover, the upswing in the rollout of new products by key market players and increased mergers, acquisitions, Partnerships among them are also expected to support the growth of the worldwide market for digital signature in the near future. However, the dearth of awareness regarding the legality of digital signatures may create a hindrance over the period of the forecast, states the research report.
Impact of Covid 19 on Global Digital Signature Market
The impact of coronavirus pandemic is more or less visible on almost all the markets across the world, including the global digital signature market. Due to the lockdown imposed by various governments, the supply chain systems and distribution networks has disturbed, which reflected negatively on this market over the last few months. However, as restrictions on movements are slowly being lifted up, supply chain and distribution channels are likely to be restored soon. Considering this, it is safe to say that the market will gain its pace shortly.
Europe Acquires Dominance over Global Digital Signature Market
According to the research report, the regional markets for digital signature are registering considerable growth in their market shares. The market is considered to be spread across Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Europe has emerged as the leading regional market for digital signature and is expected to continue on this position over the next few years. The increasing uptake of advanced technologies and the rising awareness regarding digital signature are the main factors behind the growth of the Europe digital signature market. Asia Pacific is also anticipated to exhibit a significantly high growth rate over the forecast period.
The global digital signature market is classified into:
By Deployment Mode
By Organization Size
Companies Mentioned in the Report