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New York, December 02, 2021 (GLOBE NEWSWIRE) – Reportlinker.com announces the publication of the report “Digital Signature Market by Component, Solution, Mode of Deployment, Organization Size, Vertical and Region – Global Forecast to 2026 “- https: //www.reportlinker.com/p04655402/?utm_source=GNW
Governments and businesses are investing more in integrating digital signature technology into everyday business applications, which in turn is driving the global digital signature market.
Based on Vertical, BFSI segment will have the largest market size during the forecast period
The use of digital signatures provides robust security, secures identities and manages regulatory compliance. Strict regulations across the BFSI vertical, such as the General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), are playing an active role in the digital identity revolution.
Digital signatures help BFSI companies simplify complex business processes by providing improved security and improved turnaround time for customer onboarding. Digital signature technology can be easily integrated into the existing banking system.
Banks such as HDFC Bank, Citibank and ABM Amro Bank take advantage of electronic signatures for savings and current accounts and electronic contract notes for stock brokerage transactions. The early adoption of digital signatures and regulations is driving the growth of the digital signature market in the BFSI vertical.
On the basis of regions, Europe will be the fastest growing market during the forecast period
The awareness of digital signature is widely discussed in Europe and is further underscored by strict government regulations. This section includes the analysis of the digital signature market in UK, Germany, France and the rest of Europe (Netherlands, Italy, Spain and Switzerland).
Europe accounts for the second largest share of the digital signature market during the forecast period. Digital signature in European countries is expected to be driven by strong demand for high-end security solutions and a superior customer experience, regardless of economic conditions.
The digital signature market in Europe is relatively small than that of the United States and is fragmented and dynamic. There are various niche and established players who are solely focused on the digital signature market.
Several American players, such as Adobe and DocuSign, have already joined forces with local players to enter the European market.
In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, in-depth primary interviews were conducted with key companies.
The distribution of the main participants is as follows:
• By company: level I: 25%, level II: 40% and level III: 35%
• By designation: C-Level: 30%, director level: 35% and others: 35%
• By region: North America: 35%, Europe: 25%, APAC: 30%, MEA: 5% and Latin America: 5%
The report includes the study of major players offering digital signature solutions. Major digital signature vendors include Adobe Inc. (US), OneSpan (US), Thales (France), DocuSign, Inc. (US), Ascertia (UK), Zoho (India), Secured Signing (New Zealand), Entrust Datacard (United States), DigiCert, Inc. (United States), IdenTrust (United States), GlobalSign (United States), Symtrax (United States), ComSignTrust (Israel ), Multicert (Portugal), AlphaTrust Corporation (United States), SunGard SIGNiX Inc. (United States), Notarius (Canada), RNTrust (UAE), Bit4id Ltd (Italy) and LAWtrust (South Africa). It also includes an in-depth competitive analysis of major digital signature market players along with their company profiles, business overviews, product offerings, recent developments, and market strategies.
Research coverage
The market research covers the digital signature market size across segments. It aims to estimate the market size and growth potential of this market across segments categorized into component type, mode of deployment, verticals, organization size and regions.
The study also includes an in-depth competitive analysis of key market players, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Main advantages of purchasing the report
The report will help market leaders / new entrants with information on the closest approximations to revenue figures for the global Digital Signature market and its sub-segments. This report will help stakeholders understand the competitive landscape and gain more insight to better position their business and plan to go-to-market strategies.
The report will also help stakeholders to understand the market pulse and provide them with insights into the major market drivers, restraints, challenges, and opportunities.
Read the full report: https://www.reportlinker.com/p04655402/?utm_source=GNW
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