The Digital Transaction Management Market size was USD 9.92 billion in 2022 and is expected to Reach USD 62.38 billion by 2030 and grow at a CAGR of 25.84 % over the forecast period of 2023-2030.
The term digital transaction management refers to the use of digital technologies for document processing, electronic signatures, secure authentication, workflow automation, and compliance management, among other sorts of transactions. Traditional paper-based operations can be digitalized and automated with DTM technologies, allowing businesses to increase productivity, cut costs, and improve customer experiences. It is anticipated that the market would increase as a result of the great emphasis organizations around the world are placing on doing away with the traditional procedures and paperwork involved with managing various business activities. Digital transaction management systems are becoming more dependable and secure as a result of technological advancements. For instance, blockchain technology provides a chain of time-stamped data archives that link all the archives together. In other words, blockchain-based digital transaction management systems that operate on a decentralized network may be able to fend against harmful attacks. Over the projection period, the market's expansion is anticipated to be driven by businesses around the world's ongoing use of a variety of techniques and electronic tools to optimize everyday document-based operations. period. It is also anticipated that the growing demand for secure record filing will fuel market expansion. Businesses are concentrating on implementing digital transaction management systems because they address all facets of document lifecycle management, from generation to storage. Assuring simpler, quicker, and safer business operations is another benefit of digital transaction management solution.
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KEY DRIVERS
Increase Digital Transformation
Increasing regulatory requirements and the need for robust security measures are driving organizations to adopt DTM solutions
This phenomenon is a major force that is permeating many industries. Increasing operational efficiency and reducing reliance on paper-based operations are three reasons why organizations are striving to digitize their processes.
RESTRAIN
The expansion of the market will be restricted by cyberattacks and fraud.
Particularly in rural or impoverished locations, access to dependable internet connectivity and digital infrastructure can be a challenge.
Increasing vulnerability related to cyber-attacks and fraudulent digital transactions could restrain the market growth Small businesses counter the risk of cyber-attacks and fraudulent digital transactions, which could limit their adoption of DTM solutions
OPPORTUNITY
The growing adoption of cloud-based services and the rising internet penetration expect a boost to the market in the coming years
The DTM market provides an opportunity for businesses to streamline their processes and reduce costs by eliminating paper-based transactions
The increasing internet connectivity and continued adoption of digital solutions for management and automation of business and transaction management processes are expected to drive the Digital Transaction Management market over the predicted years
CHALLENGES
In order to encourage acceptance, DTM solutions must offer a seamless and simple user experience.
The DTM market faces challenges related to the need for secure and reliable authentication and electronic signatures
Digital document access, signing, and management should be simple and convenient for users. DTM platforms must to be usable on a variety of hardware and operating systems, catering to users with various technical needs and accessibility requirements.
The ongoing war between Russia and Ukraine exacerbate the current chip shortage, which has led to significant supply chain disruptions .the conflict might cause serious disruptions in the banking industry. In particular in areas that are directly affected by the violence, banks and other financial institutions may find it difficult to maintain stable digital transaction systems. Concerns about cybersecurity may also surface because unstable geopolitical conditions enhance the likelihood of cyberattacks. Conflicts can reduce confidence and trust in digital transaction systems. Businesses and consumers may become warier about disclosing private financial information or making transactions in conflict zones. As a result, the market might grow more slowly and the adoption of digital transaction management systems might be slowed. When compared to the $5 trillion per day in transactions across SWIFT, the financial messaging system, total crypto trading volumes on all exchanges combined worldwide averaged around $24 billion in February. from which major Russian banks are now banned. The Russia-Ukraine war is the first significant conflict in which cryptocurrencies have played a big part, and the importance of cryptocurrencies in this war may have an impact on how the technology is seen around the world, including by governments considering new legislation.
IMPACT OF ONGOING RECESSION
Due to the Ongoing Recession Banks and other financial institutions place a strong emphasis on lowering costs and streamlining operations, which may encourage the adoption of digital transaction management tools to boost productivity and cut down on manual tasks. Digital transaction management tools can help SMEs reduce costs, simplify payment procedures, and boost overall operational effectiveness. As a result, SMEs can have higher demand for scalable and reasonably priced digital transaction management technologies. Not only has the percentage of respondents who report utilizing two or more kinds of digital payments increased to 89% in 2022, it has also done so more quickly—from 51 percent in 2021 to 62 percent. The biggest gains are seen in peer-to-peer P2P and in-app purchases, which frequently expand upon the already-existing use of online payments still the most common digital use case, with 69% of customers using it When there is a recession, the travel and hospitality industry often suffers greatly as people cut back on discretionary spending on trips and travel. As fewer transactions take place in this industry, it may have an effect on the market for digital transaction management.
By Vertical
Retail
BFSI
Healthcare
IT
Telecom
Government
Real Estate
Utilities
Others
By Solutions
Document Archival
Workflow Automation
Authentication
By End-User
Large Enterprises
SMEs
By Component
Software
Hardware
Services
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North America
USA
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherland
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
In 2022, North America led the world market and contributed more than 34.0% of the total revenue. A number of major market participants as well as up-and-coming businesses offering solutions for digital transaction management may be found in North America. The United States and Canada are major contributors to the market, with a strong emphasis on e-commerce, fintech, and digital banking. The region also has a significant presence of digital transaction management solution providers, offering a wide range of services and technologies. Additionally, the area is renowned for adopting cutting-edge digital transaction management solutions early on. Due to such considerations, a sizeable portion of the global market is accounted for by the North American regional market.
In the Asia-Pacific region Over the course of the projected period, Asia-Pacific is a rapidly growing region in terms of digital transaction management, fuelled by the expanding e-commerce markets in countries like China, India, Japan, and South Korea. It is anticipated that the regional market will expand as a result of the increased usage of digital solutions for transaction management in developing nations like China and India. The region's large population and increasing internet penetration contribute to the growth of digital transactions. Mobile payment solutions and digital wallets are popular in many Asian countries, further driving the adoption of digital transaction management services. The government's pursuit of programs like Digital India and ongoing digitization are anticipated to fuel market expansion in India. Over the course of the projection period, it is also anticipated that the rising number of SMEs in Asia-Pacific would open up new potential prospects for the local market.
The major key players in the Digital Transaction Management Market are Adobe, Ascertia, DocuFirst, DocuSign Inc., eDOC Innovations, Entrust Corp., Wolters Kluwer N.V., Kofax Inc., Nintex UK Ltd., OneSpan and other players.
One span: In September 2021 One span declared that Bank ID, a personal digital ID used by all Norwegian banks for online signature and identity protection, had included one span's antifroad and cloud authentication technology into its operations. In all of Norway, the solutions are used to enhance user experience and security of banking apps.
RingCentral and Mitel: In 09 Nov 2021 RingCentral and Mitel Announce Strategic Partnership to Enable Customers to Transition Seamlessly to Cloud-Based Unified Business Communications.
| Report Attributes | Details |
| Market Size in 2022 | US$ 9.92 Bn |
| Market Size by 2030 | US$ 62.38 Bn |
| CAGR | CAGR of 25.84% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Vertical (Retail, BFSI, Healthcare, IT, Telecom, Government, Real Estate, Utilities Others) • By Solutions (Document Archival, Workflow Automation, Authentication, Electronic Signature) • By End-User (Large Enterprises, SMEs) • By Component (Software, Hardware, Services) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Adobe, Ascertia, DocuFirst, DocuSign Inc., eDOC Innovations, Entrust Corp., Wolters Kluwer N.V., Kofax Inc., Nintex UK Ltd., OneSpan |
| Key Drivers | • Increase Digital Transformation • Increasing regulatory requirements and the need for robust security measures are driving organizations to adopt DTM solutions |
| Market Restraints | • The expansion of the market will be restricted by cyberattacks and fraud. • Particularly in rural or impoverished locations, access to dependable internet connectivity and digital infrastructure can be a challenge. |
Ans: The Digital Transaction Management Market is to grow at a CAGR of 25.84% Over the Forecast Period 2023-2030.
Ans: The Digital Transaction Management Market size is estimated to reach USD 62.38 Bn by 2030.
Ans. India has topped the list for digital payments and recorded 89.5 million transactions in 2022. Interestingly, India's payments are more than the digital payments made in the next four leading countries combined.
Ans. The Asia Pacific region is projected to exhibit the highest rate of growth in a digital transaction management market.
Ans. Vertical, Solutions, End-User, Component these are the various segment in the Digital Transaction Management Market
TABLE OF CONTENTS
1. Introduction
1.1 Company Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of Ukraine- Russia War
4.2 Impact of Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Digital Transaction Management Market Segmentation, by Vertical
8.1 Retail
8.2 BFSI
8.3 Healthcare
8.4 IT
8.5 Telecom
8.6 Government
8.7 Real Estate
8.8 Utilities
8.9 Others
9. Digital Transaction Management Market Segmentation, by Solutions
9.1 Document Archival
9.2 Workflow Automation
9.3 Authentication
9.4 Electronic Signature
10. Digital Transaction Management Market Segmentation, by End-User
10.1 Large Enterprises
10.2 SMEs
11. Digital Transaction Management Market Segmentation, by Component
11.1 Software
11.2 Hardware
11.3 Services
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 North America Digital Transaction Management Market by Country
12.2.2 North America Digital Transaction Management Market by Vertical
12.2.3 North America Digital Transaction Management Market by Solutions
12.2.4 North America Digital Transaction Management Market by End-User
12.2.5 North America Digital Transaction Management Market by Component
12.2.6 USA
12.2.6.1 USA Digital Transaction Management Market by Vertical
12.2.6.2 USA Digital Transaction Management Market by Solutions
12.2.6.3 USA Digital Transaction Management Market by End-User
12.2.6.4 USA Digital Transaction Management Market by Component
12.2.7 Canada
12.2.7.1 Canada Digital Transaction Management Market by Vertical
12.2.7.2 Canada Digital Transaction Management Market by Solutions
12.2.7.3 Canada Digital Transaction Management Market by End-User
12.2.7.4 Canada Digital Transaction Management Market by Component
12.2.8 Mexico
12.2.8.1 Mexico Digital Transaction Management Market by Vertical
12.2.8.2 Mexico Digital Transaction Management Market by Solutions
12.2.8.3 Mexico Digital Transaction Management Market by End-User
12.2.8.4 Mexico Digital Transaction Management Market by Component
12.3 Europe
12.3.1 Eastern Europe
12.3.1.1 Eastern Europe Digital Transaction Management Market by Country
12.3.1.2 Eastern Europe Digital Transaction Management Market by Vertical
12.3.1.3 Eastern Europe Digital Transaction Management Market by Solutions
12.3.1.4 Eastern Europe Digital Transaction Management Market by End-User
12.3.1.5 Eastern Europe Digital Transaction Management Market by Component
12.3.1.6 Poland
12.3.1.6.1 Poland Digital Transaction Management Market by Vertical
12.3.1.6.2 Poland Digital Transaction Management Market by Solutions
12.3.1.6.3 Poland Digital Transaction Management Market by End-User
12.3.1.6.4 Poland Digital Transaction Management Market by Component
12.3.1.7 Romania
12.3.1.7.1 Romania Digital Transaction Management Market by Vertical
12.3.1.7.2 Romania Digital Transaction Management Market by Solutions
12.3.1.7.3 Romania Digital Transaction Management Market by End-User
12.3.1.7.4 Romania Digital Transaction Management Market by Component
12.3.1.8 Hungary
12.3.1.8.1 Hungary Digital Transaction Management Market by Vertical
12.3.1.8.2 Hungary Digital Transaction Management Market by Solutions
12.3.1.8.3 Hungary Digital Transaction Management Market by End-User
12.3.1.8.4 Hungary Digital Transaction Management Market by Component
12.3.1.9 Turkey
12.3.1.9.1 Turkey Digital Transaction Management Market by Vertical
12.3.1.9.2 Turkey Digital Transaction Management Market by Solutions
12.3.1.9.3 Turkey Digital Transaction Management Market by End-User
12.3.1.9.4 Turkey Digital Transaction Management Market by Component
12.3.1.10 Rest of Eastern Europe
12.3.1.10.1 Rest of Eastern Europe Digital Transaction Management Market by Vertical
12.3.1.10.2 Rest of Eastern Europe Digital Transaction Management Market by Solutions
12.3.1.10.3 Rest of Eastern Europe Digital Transaction Management Market by End-User
12.3.1.10.4 Rest of Eastern Europe Digital Transaction Management Market by Component
12.3.2 Western Europe
12.3.2.1 Western Europe Digital Transaction Management Market by Country
12.3.2.2 Western Europe Digital Transaction Management Market by Vertical
12.3.2.3 Western Europe Digital Transaction Management Market by Solutions
12.3.2.4 Western Europe Digital Transaction Management Market by End-User
12.3.2.5 Western Europe Digital Transaction Management Market by Component
12.3.2.6 Germany
12.3.2.6.1 Germany Digital Transaction Management Market by Vertical
12.3.2.6.2 Germany Digital Transaction Management Market by Solutions
12.3.2.6.3 Germany Digital Transaction Management Market by End-User
12.3.2.6.4 Germany Digital Transaction Management Market by Component
12.3.2.7 France
12.3.2.7.1 France Digital Transaction Management Market by Vertical
12.3.2.7.2 France Digital Transaction Management Market by Solutions
12.3.2.7.3 France Digital Transaction Management Market by End-User
12.3.2.7.4 France Digital Transaction Management Market by Component
12.3.2.8 UK
12.3.2.8.1 UK Digital Transaction Management Market by Vertical
12.3.2.8.2 UK Digital Transaction Management Market by Solutions
12.3.2.8.3 UK Digital Transaction Management Market by End-User
12.3.2.8.4 UK Digital Transaction Management Market by Component
12.3.2.9 Italy
12.3.2.9.1 Italy Digital Transaction Management Market by Vertical
12.3.2.9.2 Italy Digital Transaction Management Market by Solutions
12.3.2.9.3 Italy Digital Transaction Management Market by End-User
12.3.2.9.4 Italy Digital Transaction Management Market by Component
12.3.2.10 Spain
12.3.2.10.1 Spain Digital Transaction Management Market by Vertical
12.3.2.10.2 Spain Digital Transaction Management Market by Solutions
12.3.2.10.3 Spain Digital Transaction Management Market by End-User
12.3.2.10.4 Spain Digital Transaction Management Market by Component
12.3.2.11 Netherland
12.3.2.11.1 Netherland Digital Transaction Management Market by Vertical
12.3.2.11.2 Netherland Digital Transaction Management Market by Solutions
12.3.2.11.3 Netherland Digital Transaction Management Market by End-User
12.3.2.11.4 Netherland Digital Transaction Management Market by Component
12.3.2.12 Switzerland
12.3.2.12.1 Switzerland Digital Transaction Management Market by Vertical
12.3.2.12.2 Switzerland Digital Transaction Management Market by Solutions
12.3.2.12.3 Switzerland Digital Transaction Management Market by End-User
12.3.2.12.4 Switzerland Digital Transaction Management Market by Component
12.3.2.13 Austria
12.3.2.13.1 Austria Digital Transaction Management Market by Vertical
12.3.2.13.2 Austria Digital Transaction Management Market by Solutions
12.3.2.13.3 Austria Digital Transaction Management Market by End-User
12.3.2.13.4 Austria Digital Transaction Management Market by Component
12.3.2.14 Rest of Western Europe
12.3.2.14.1 Rest of Western Europe Digital Transaction Management Market by Vertical
12.3.2.14.2 Rest of Western Europe Digital Transaction Management Market by Solutions
12.3.2.14.3 Rest of Western Europe Digital Transaction Management Market by End-User
12.3.2.14.4 Rest of Western Europe Digital Transaction Management Market by Component
12.4 Asia-Pacific
12.4.1 Asia Pacific Digital Transaction Management Market by Country
12.4.2 Asia Pacific Digital Transaction Management Market by Vertical
12.4.3 Asia Pacific Digital Transaction Management Market by Solutions
12.4.4 Asia Pacific Digital Transaction Management Market by End-User
12.4.5 Asia Pacific Digital Transaction Management Market by Component
12.4.6 China
12.4.6.1 China Digital Transaction Management Market by Vertical
12.4.6.2 China Digital Transaction Management Market by Solutions
12.4.6.3 China Digital Transaction Management Market by End-User
12.4.6.4 China Digital Transaction Management Market by Component
12.4.7 India
12.4.7.1 India Digital Transaction Management Market by Vertical
12.4.7.2 India Digital Transaction Management Market by Solutions
12.4.7.3 India Digital Transaction Management Market by End-User
12.4.7.4 India Digital Transaction Management Market by Component
12.4.8 Japan
12.4.8.1 Japan Digital Transaction Management Market by Vertical
12.4.8.2 Japan Digital Transaction Management Market by Solutions
12.4.8.3 Japan Digital Transaction Management Market by End-User
12.4.8.4 Japan Digital Transaction Management Market by Component
12.4.9 South Korea
12.4.9.1 South Korea Digital Transaction Management Market by Vertical
12.4.9.2 South Korea Digital Transaction Management Market by Solutions
12.4.9.3 South Korea Digital Transaction Management Market by End-User
12.4.9.4 South Korea Digital Transaction Management Market by Component
12.4.10 Vietnam
12.4.10.1 Vietnam Digital Transaction Management Market by Vertical
12.4.10.2 Vietnam Digital Transaction Management Market by Solutions
12.4.10.3 Vietnam Digital Transaction Management Market by End-User
12.4.10.4 Vietnam Digital Transaction Management Market by Component
12.4.11 Singapore
12.4.11.1 Singapore Digital Transaction Management Market by Vertical
12.4.11.2 Singapore Digital Transaction Management Market by Solutions
12.4.11.3 Singapore Digital Transaction Management Market by End-User
12.4.11.4 Singapore Digital Transaction Management Market by Component
12.4.12 Australia
12.4.12.1 Australia Digital Transaction Management Market by Vertical
12.4.12.2 Australia Digital Transaction Management Market by Solutions
12.4.12.3 Australia Digital Transaction Management Market by End-User
12.4.12.4 Australia Digital Transaction Management Market by Component
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Digital Transaction Management Market by Vertical
12.4.13.2 Rest of Asia-Pacific APAC Digital Transaction Management Market by Solutions
12.4.13.3 Rest of Asia-Pacific Digital Transaction Management Market by End-User
12.4.13.4 Rest of Asia-Pacific Digital Transaction Management Market by Component
12.5 Middle East & Africa
12.5.1 Middle East
12.5.1.1 Middle East Digital Transaction Management Market by Country
12.5.1.2 Middle East Digital Transaction Management Market by Vertical
12.5.1.3 Middle East Digital Transaction Management Market by Solutions
12.5.1.4 Middle East Digital Transaction Management Market by End-User
12.5.1.5 Middle East Digital Transaction Management Market by Component
12.5.1.6 UAE
12.5.1.6.1 UAE Digital Transaction Management Market by Vertical
12.5.1.6.2 UAE Digital Transaction Management Market by Solutions
12.5.1.6.3 UAE Digital Transaction Management Market by End-User
12.5.1.6.4 UAE Digital Transaction Management Market by Component
12.5.1.7 Egypt
12.5.1.7.1 Egypt Digital Transaction Management Market by Vertical
12.5.1.7.2 Egypt Digital Transaction Management Market by Solutions
12.5.1.7.3 Egypt Digital Transaction Management Market by End-User
12.5.1.7.4 Egypt Digital Transaction Management Market by Component
12.5.1.8 Saudi Arabia
12.5.1.8.1 Saudi Arabia Digital Transaction Management Market by Vertical
12.5.1.8.2 Saudi Arabia Digital Transaction Management Market by Solutions
12.5.1.8.3 Saudi Arabia Digital Transaction Management Market by End-User
12.5.1.8.4 Saudi Arabia Digital Transaction Management Market by Component
12.5.1.9 Qatar
12.5.1.9.1 Qatar Digital Transaction Management Market by Vertical
12.5.1.9.2 Qatar Digital Transaction Management Market by Solutions
12.5.1.9.3 Qatar Digital Transaction Management Market by End-User
12.5.1.9.4 Qatar Digital Transaction Management Market by Component
12.5.1.10 Rest of Middle East
12.5.1.10.1 Rest of Middle East Digital Transaction Management Market by Vertical
12.5.1.10.2 Rest of Middle East Digital Transaction Management Market by Solutions
12.5.1.10.3 Rest of Middle East Digital Transaction Management Market by End-User
12.5.1.10.4 Rest of Middle East Digital Transaction Management Market by Component
12.5.2. Africa
12.5.2.1 Africa Digital Transaction Management Market by Country
12.5.2.2 Africa Digital Transaction Management Market by Vertical
12.5.2.3 Africa Digital Transaction Management Market by Solutions
12.5.2.4 Africa Digital Transaction Management Market by End-User
12.5.2.5 Africa Digital Transaction Management Market by Component
12.5.2.6 Nigeria
12.5.2.6.1 Nigeria Digital Transaction Management Market by Vertical
12.5.2.6.2 Nigeria Digital Transaction Management Market by Solutions
12.5.2.6.3 Nigeria Digital Transaction Management Market by End-User
12.5.2.6.4 Nigeria Digital Transaction Management Market by Component
12.5.2.7 South Africa
12.5.2.7.1 South Africa Digital Transaction Management Market by Vertical
12.5.2.7.2 South Africa Digital Transaction Management Market by Solutions
12.5.2.7.3 South Africa Digital Transaction Management Market by End-User
12.5.2.7.4 South Africa Digital Transaction Management Market by Component
12.5.2.8 Rest of Africa
12.5.2.8.1 Rest of Africa Digital Transaction Management Market by Vertical
12.5.2.8.2 Rest of Africa Digital Transaction Management Market by Solutions
12.5.2.8.3 Rest of Africa Digital Transaction Management Market by End-User
12.5.2.8.4 Rest of Africa Digital Transaction Management Market by Component
12.6. Latin America
12.6.1 Latin America Digital Transaction Management Market by Country
12.6.2 Latin America Digital Transaction Management Market by Vertical
12.6.3 Latin America Digital Transaction Management Market by Solutions
12.6.4 Latin America Digital Transaction Management Market by End-User
12.6.5 Latin America Digital Transaction Management Market by Component
12.6.6 Brazil
12.6.6.1 Brazil Digital Transaction Management Market by Vertical
12.6.6.2 Brazil Africa Digital Transaction Management Market by Solutions
12.6.6.3 Brazil Digital Transaction Management Market by End-User
12.6.6.4 Brazil Digital Transaction Management Market by Component
12.6.7 Argentina
12.6.7.1 Argentina Digital Transaction Management Market by Vertical
12.6.7.2 Argentina Digital Transaction Management Market by Solutions
12.6.7.3 Argentina Digital Transaction Management Market by End-User
12.6.7.4 Argentina Digital Transaction Management Market by Component
12.6.8 Colombia
12.6.8.1 Colombia Digital Transaction Management Market by Vertical
12.6.8.2 Colombia Digital Transaction Management Market by Solutions
12.6.8.3 Colombia Digital Transaction Management Market by End-User
12.6.8.4 Colombia Digital Transaction Management Market by Component
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Digital Transaction Management Market by Vertical
12.6.9.2 Rest of Latin America Digital Transaction Management Market by Solutions
12.6.9.3 Rest of Latin America Digital Transaction Management Market by End-User
12.6.9.4 Rest of Latin America Digital Transaction Management Market by Component
13. Company profile
13.1 Adobe
13.1.1 Company Overview
13.1.2 Financials
13.1.3Product/Services/Offerings
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Ascertia
13.2.1 Company Overview
13.2.2 Financials
13.2.3Product/Services/Offerings
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 DocuFirst
13.3.1 Company Overview
13.3.2 Financials
13.3.3Product/Services/Offerings
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 DocuSign Inc.
13.4.1 Company Overview
13.4.2 Financials
13.4.3Product/Services/Offerings
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 eDOC Innovations
13.5.1 Company Overview
13.5.2 Financials
13.5.3Product/Services/Offerings
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 Entrust Corp
13.6.1 Company Overview
13.6.2 Financials
13.6.3Product/Services/Offerings
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Wolters Kluwer N.V.
13.7.1 Company Overview
13.7.2 Financials
13.7.3Product/Services/Offerings
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 Kofax Inc
13.8.1 Company Overview
13.8.2 Financial
13.8.3Product/Services/Offerings
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Nintex UK Ltd.
13.9.1 Company Overview
13.9.2 Financials
13.9.3 Product/Service/Offerings
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 OneSpan
13.10.1 Company Overview
13.10.2 Financials
13.10.3 Product/Service/Offerings
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Land scape
14.1 Competitive Benchmarking
14.2 Company Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. USE Cases and Best Practices
16. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Business Intelligence (BI) Software Market size was valued at USD 28.56 Bn in 2022 and is expected to reach USD 60.64 Bn by 2030, and grow at a CAGR of 9.87% over the forecast period 2023-2030.
The Artificial Neural Network Market was valued at USD 216.48 million in 2022 and is predicted to increase at a CAGR of 21.4% from 2023 to 2030, reaching USD 1.02 billion.
The Workplace Transformation Market size was valued at USD 20.36 Bn in 2022 and is expected to reach at USD 78.27 Bn by 2030, and grow at a CAGR of 18.33% over the forecast period 2023-2030.
The Image Recognition Market size was valued at USD 34.89 billion in 2022 and is expected to grow to USD 108.44 billion by 2030 and grow at a CAGR of 15.23 % over the forecast period of 2023-2030.
The Intellectual Property Management Software Market Size was valued at USD 182 Million in 2022 and is expected to reach USD 588.4 Million in 2030 with a growing CAGR of 15.8% from 2023 to 2030.
The Corporate Assessment Service Market size was valued at USD 2.50 Bn in 2022 and is expected to reach USD 4.37 Bn by 2030, and grow at a CAGR of 7.2% over the forecast period 2023-2030.
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