According to a new market research report published by Global Insight Services ” Digital Signature Market is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A digital signature is a mathematical scheme for demonstrating the authenticity of digital messages or documents. A valid digital signature, where the prerequisites are properly satisfied, gives a recipient very strong reason to believe that the message was created by a known sender (and not by an impostor), that the sender cannot deny having sent the message (authentication and non-repudiation), and that the message was not altered in transit (integrity).
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Key Players
- Adobe
- DocuSign
- Entrust Datacard
- Gemalto
- GlobalSign
- IdenTrust
- Kofax
- Secured Signing
Key Trends
There are three key trends in digital signature technology:
The use of biometrics for authentication: Biometrics, such as fingerprint scanners and iris scanners, are becoming increasingly popular as a means of authenticating users. This is because biometrics are more secure than traditional password-based authentication methods and are difficult to spoof.
The use of blockchain technology: Blockchain technology is also being used more frequently for digital signatures. This is because blockchain provides a tamper-proof record of transactions that can be verified by all parties involved.
The use of artificial intelligence: Artificial intelligence is also starting to be used for digital signatures. This is because AI can be used to verify the identity of a user and to detect forged signatures.
Key Drivers
There are a few key drivers of digital signature market. Firstly, digital signatures provide a higher level of security than traditional signatures. This is because they are based on cryptographic algorithms which make them much harder to forge. Secondly, digital signatures are much more convenient than traditional signatures. This is because they can be easily created and stored on a computer or other electronic device. Finally, digital signatures are becoming increasingly accepted by businesses and organizations. This is because they offer a more secure and convenient way to sign documents and transactions.
Restraints and Challenges
There are a few key restraints and challenges in the Digital Signature market. Firstly, the technology is still in its early stages of development and there are not many vendors offering solutions. Secondly, the lack of awareness among users and businesses is a challenge. Lastly, the cost of implementing digital signatures can be a deterrent for some companies.
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Market Segments
By Component
- Solution
- Services
By Deployment Mode
- Cloud
- On-premises
By Organization Size
- SMEs
- Large Enterprises
By Verticals
- BFSI
- Government and Defense
- Healthcare and Life Sciences
- Legal
- Real Estate
- Education
- Other Verticals
Reasons to buy Digital Signature Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
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