Digital Signature Market by Offering (Hardware, Software, and Services), Type (SES, AES, QES), End User (Individual and Enterprises), Business Function (Finance & Accounting, Legal, IT, HR, Sales and Marketing) - Global Forecast to 2030
The global digital signature market size is projected to grow from USD 9.93 billion in 2024 to USD 70.24 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 38.5% during the forecast period. The digital signature market is expanding with the implementation of stringent regulatory standards and data privacy compliance. The government of many countries has implemented digital signatures for transactions to provide security and authenticity. Digital signatures are promoted as legal means of authentication by eIDAS and ESIGN Act. Businesses are also using digital signatures to improve the customer experience, especially in banking and real estate. Therefore, organizations continue to transform in the digital landscape, demanding for efficient and secure signing solutions is likely to increase.
Scope of the Report
Years Considered for the Study
2018-2030
Base Year
2023
Forecast Period
2024-2030
Units Considered
USD (Billion)
Segments
Offering, Type, Deployment Mode, Business Function, End User, Vertical and Region
Regions covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
"By deployment mode, the on-premises segment is expected to hold the largest market share during the forecast period."
On-premises deployment is expected to hold the largest market size in the digital signature due to its security and compliance advantage. Organizations in regulated sectors, such as healthcare and government, have stringent laws on data protection that need more robust control over the digital signature processes. On-premises solutions enable internal management of sensitive information and minimize risks arising from data breaches associated with cloud services. With growing data privacy concerns, companies want the assurance of on-premises solutions for the tight security protocol of maintaining strict safety and security. With increased trends of digital transformation, digital signature solutions in secure on-premises transactions gain paramount importance.
By software, APIs and SDKs segment is expected to grow at the highest CAGR during the forecast period.
The APIs and SDKs segment of the digital signature market is growing rapidly because of the increased demand for easy integration of digital signature functionalities into applications and workflows in place. As businesses continue to transition to automated and paperless environments, strong software solutions to ensure secure electronic transactions become crucial. APIs and SDKs provide easy integration of digital signature functionality into the developers' systems, thereby enriching the user experience and operational efficiency. The new work patterns and e-commerce models increased the demand for secure signing solutions, making these tools an imperative for organizations that are trying to streamline processes and be at par with legal standards.
Breakdown of primaries
The study contains insights from various industry experts, from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
By Designation: C-Level- 40%, Managerial Level & Others - 60%
By Region: North America - 20%, Europe - 35%, Asia Pacific - 45%
Major vendors in the global digital signature market include Adobe (US), DocuSign (US), Thales (France), Zoho (India), Entrust (US), DigiCert (US), OneSpan (US), Ascertia (UK), GlobalSign (Belgium), IdenTrust (US), Nitro (US), Dioss (Belgium), Dokobit (Lithuania), Penneo (Denmark), QuickSign (France), Symtrax (US), Alphatrust (US), Notarius (US), Actalis (Italy), SIGNiX (US), SigniFlow (UK), vintegrisTECH (Spain), Signority (Canada), Bit4id (Italy), LawTrust (South Africa), DigiSigner (Germany), WISeKey (Switzerland), itsme (Belgium), and SignWell (US).
The study includes an in-depth competitive analysis of the key players in the digital signature market, their company profiles, recent developments, and key market strategies.
Research Coverage
The report segments the digital signature market and forecasts its size by Offering (hardware, software, services), Type (simple electronic signature, advanced electronic signature, qualified electronic signature), Deployment Mode (on-premises, cloud, hybrid), Business Function (sales & marketing, IT, legal, HR, finance and accounting), End User (individual, enterprise), Verticals (BFSI, government, healthcare & life sciences, legal, real estate, IT & ITeS, education, retail & E-commerce, energy & utilities, and others).
The study also includes an in-depth competitive analysis of the market's key players, their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall digital signature market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (Rising incidence of digital fraud to amplify demand for secure
digital signature solutions, stringent regulatory standards and data privacy compliance, E-commerce and remote work to catalyze digital signature adoption, secure authentication and streamlined workflows with digital signatures), restraints (High initial setup costs, limited adoption in emerging economies), opportunities (Enhancing customer experiences with digital signature integration, digital signature adoption through cloud-enhanced security solutions, navigating wave of digital signature market consolidations, AI-enhanced security to pave way for digital signature market growth), and challenges (Interoperability issues in cross-vendor digital signature solutions)
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the digital signature market.
Market Development: Comprehensive information about lucrative markets - the report analyses the digital signature market across varied regions.
Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the digital signature market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in digital signature market strategies, including include Adobe (US), DocuSign (US), Thales (France), Zoho (India), and Entrust (US).
TABLE OF CONTENTS
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKET SEGMENTATION
1.3.2 INCLUSIONS AND EXCLUSIONS
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Breakup of primaries
2.1.2.2 Key industry insights
2.2 MARKET BREAKUP AND DATA TRIANGULATION
2.3 MARKET SIZE ESTIMATION
2.3.1 TOP-DOWN APPROACH
2.3.2 BOTTOM-UP APPROACH
2.4 MARKET FORECAST
2.5 RESEARCH ASSUMPTIONS
2.6 RESEARCH LIMITATIONS
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE OPPORTUNITIES FOR DIGITAL SIGNATURE MARKET PLAYERS
4.2 DIGITAL SIGNATURE MARKET, BY OFFERING, 2024-2030
4.3 DIGITAL SIGNATURE MARKET, BY HARDWARE, 2024-2030
4.4 DIGITAL SIGNATURE MARKET, BY SOFTWARE, 2024-2030
4.5 DIGITAL SIGNATURE MARKET, BY SERVICE, 2024-2030
4.6 DIGITAL SIGNATURE MARKET, BY PROFESSIONAL SERVICE, 2024-2030
4.7 DIGITAL SIGNATURE MARKET, BY TYPE, 2024-2030
4.8 DIGITAL SIGNATURE MARKET, BY DEPLOYMENT MODE, 2024-2030
4.9 DIGITAL SIGNATURE MARKET, BY BUSINESS FUNCTION, 2024-2030
4.10 DIGITAL SIGNATURE MARKET, BY END USER, 2024-2030
4.11 DIGITAL SIGNATURE MARKET, BY VERTICAL, 2024-2030
4.12 MARKET INVESTMENT SCENARIO
5 MARKET OVERVIEW AND INDUSTRY TRENDS
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Rising incidences of digital frauds
5.2.1.2 Stringent regulatory standards and data privacy compliances
5.2.1.3 Increasing popularity of e-commerce and remote work
5.2.1.4 Secure authentication and streamlined workflows with digital signatures
5.2.2 RESTRAINTS
5.2.2.1 High initial setup costs
5.2.3 OPPORTUNITIES
5.2.3.1 Enhancing customer experiences with digital signature integration
5.2.3.2 Digital signature adoption through cloud-enhanced security solutions
5.2.3.3 Navigating wave of digital signature market consolidations
5.2.3.4 Surge in adoption of AI technologies
5.2.4 CHALLENGES
5.2.4.1 Interoperability issues in cross-vendor digital signature solutions
5.3 CASE STUDY ANALYSIS
5.3.1 DOCUSIGN HELPED MEDICAL DEVICE MANUFACTURING COMPANY STREAMLINE PHYSICIAN SIGNATURES WITH DIGITAL TRANSACTION MANAGEMENT