Digital signature is secure and safe than the handwritten signature. It is a type of mathematical technique that is used to check the authenticity of the software, messages, and digital documents.
Rising adoption rate of digitization and cloud computing technologies is the major factor boosting growth of the global digital signature market. On the other hand, high cost and lack of awareness of the digital signature technology may hamper the growth of the global digital signature market.
The global digital signature market report has been segmented on the basis of deployment model, end-use vertical, and region.
On the basis of deployment model, the global digital signature market is segmented into on-premise and cloud-based. The on-premise segment is anticipated to account for higher revenue share in the global market, and is expected to register a CAGR of XX.X%. However, cloud-based segment is projected to register higher CAGR in the next 10 years.
On the basis of region, the global digital signature market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
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The market in North America is expected to account for highest revenue in the global market, and is projected to maintain its dominance over the forecast period. This is attributed, owing to increasing government initiatives for spreading awareness about digital signature technology in the region. Revenue from the market in Europe is expected to account for second-highest share and is closely followed by the markets in Asia Pacific, Latin America, and Middle East & Africa respectively. This is attributed, due to growing adoption of the regulation with respect to use of the digital signature in the region. Furthermore, the market in Asia Pacific is projected to register significant growth over the forecast period, and is expected to register a CAGR of XX.X%. This is primarily attributed due to increasing growth in the banking, financial services and insurance (BFSI) sector in the region. The markets in Latin America and Middle East & Africa are projected to register moderate growth over the forecast period.
Prominent players in the global digital signature market include Adobe Systems Inc., Gemalto NV, Secured Signing Ltd., SIGNiX, Ascertia, Entrust Datacard Corp., eSignLive, RPost, DocuSign Inc., IdenTrust Inc., and Thales e-Security Inc.