The E-Signature Software Market size was valued at USD 4.98 Bn in 2022 and is expected to reach USD 44.44 Bn by 2030, and grow at a CAGR of 31.46% over the forecast period 2023-2030.
E-Signature is a mathematical approach for verifying digital documents such as PDF files, Word files, and online legal contract papers using an encoded and electronic stamp. It aids in the resolution of the impression and tempering problems in digital communication. It contains all of the information about a digital document that allows users to quickly and readily determine the source, identity, and status of the document. The principle of cryptography technology is used to run an E-signature. Organizations may now share business papers and legal contracts with less danger thanks to appropriate authentication. To support the rising digital enterprises, e-signature provides safe and verifiable transactions.
Get more information on E-Signature Software Market - Request Sample Report
Encryption is used to safeguard electronic documents at the sender's end. The recipient is given an E-signature that allows him to decode the contents of the document. Software, digital documents, and electronic messages are all validated and authenticated using the E- signature approach. Physical papers are verified using handwritten signatures. E-signatures, like e-mails, word documents, and portable document formats, are used to validate and assent to the content of digital documents. Encryption and decryption procedures are required for an E-signature. The sender can use an E-signature to verify the validity of a digital document. There are considerable risks of fraud or document tampering in the process of financial transactions or document dissemination over the world, necessitating the use of E-signatures. E-signatures lessen the chances of papers being tampered with, diverted, or intercepted while in route. An electronic document signed using an E-signature is just as legitimate as any other signed paper document and can be produced in court.
KEY DRIVERS:
As a result of the green movement, governments, corporate offices, and businesses are moving toward complete or partly paperless operations.
The use of paperless document procedures has resulted in increased operational efficiency.
The decision-making procedures were sped up and operating expenses were decreased.
RESTRAINTS:
Electronic signatures have never been used by the majority of users. They aren't willing to take any risks.
Lack of knowledge about the legal recognition and benefits of electronic signatures.
OPPORTUNITY:
Mobile and internet-connected gadget usage is on the rise.
Demand for cloud-based security technologies and solutions is increasing.
A cloud-based endpoint security solution can help you get a better return on your investment.
CHALLENGES:
The lack of trust and the simplicity with which it may be implemented
Its legality is a source of misunderstanding and ignorance.
The COVID-19 outbreak had a significant impact on the E-signature market's growth, owing to the adoption of E-signatures, which allowed organizations and businesses to increase their operational productivity and efficiency by spending less money on paper, printing, and postage while being faster than traditional methods. During the COVID-19 epidemic, this further aided the growth of the E-signature business. Furthermore, in the event of a worldwide pandemic, the majority of businesses adopted a work-from-home approach to preserve production.
MARKET ESTIMATION:
Based on component hardware, software, and services, the market is segmented into three segments. The software is projected to outperform the competition. The software segment is anticipated to be driven by its capacity to provide immediate electronic signature conversion. Software use is projected to increase as the paperless work process becomes more widely adopted. Similarly, due to increased demand for the solution, managed services and professional services are expected to develop dramatically.
On the basis of deployment, the electronic signature software industry is divided into two categories: on-premise and cloud. Companies that are using electronic signature solutions are focused on cloud-based solutions in order to get more flexibility, scalability, and cost savings. The movement in business paradigms toward digitization has resulted in more substantial benefits for firms and increased revenue generation potential. The emergence of cloud solutions, which provide both economical and free subscription-based models with rapid setup, is driving this trend. However, as people become more reliant on the cloud, cyber-attacks have become more common. As a result, electronic signature software market companies are expected to gain considerable market share throughout the world.
The market is divided into BFSI, Human Resources and Legal, Government & Defense, Manufacturing & Retail, Healthcare, and Others, based on the end-user. Because of the quick transition toward the digital platform to deliver simplified services to its clients, the BFSI industry is predicted to rise at an exponential rate. This has aided in the industry's sales growth. Similarly, electronic signatures are enhancing consumer and employee happiness in the retail business. During the projected period, the rising trend of e-governance across nations is expected to boost market growth. Similarly, for medical documentation and payment invoicing, healthcare is increasingly embracing digital methods.
On The Basis of Component
Hardware
Software
Services
On The Basis of Deployment Model
On-premises
Cloud
On The Basis of Industry Vertical
BFSI
Education
Human resource
IT & telecommunication
Government
Healthcare & life science
Real estate
Others
.png)
Need any customization research on E-Signature Software Market - Enquiry Now
North America is one of the most advanced areas in terms of IT usage, with most multinational and small-scale businesses based there. Companies are increasingly investing a substantial amount to data security in their budgets as a result of increased worries about the safety of essential IT infrastructure and sensitive data. The expansion of the worldwide digital signature market has been fueled by government regulations for protecting electronic documents and the benefits of adopting digital signatures in the United States and Canada. North America accounted for the highest proportion of the global digital signature market in 2020. The BFSI and legal industries, as well as the government and healthcare sectors, have seen tremendous development in the United States and Canada.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The major kay players are Adobe Inc., Docusign, Inc., Esign Geni, HID Global, Legalesign Limited, OneSpan, RPost, Thales S.A., U-SIGN-IT, Zoho Corporation. & Other Players
| Report Attributes | Details |
| Market Size in 2022 | US$ 4.98 Bn |
| Market Size by 2030 | US$ 44.44 Bn |
| CAGR | CAGR of 31.46% 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 Component (Hardware, Software, and Services) • by Deployment Model (On-premises and Cloud) • by Industry Vertical (BFSI, Education, Human resource, IT & telecommunication, Government, Healthcare & life science, Real estate, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Adobe Inc., Docusign, Inc., Esign Geni, HID Global, Legalesign Limited, OneSpan, RPost, Thales S.A., U-SIGN-IT, Zoho Corporation. |
| Key Drivers | • The use of paperless document procedures has resulted in increased operational efficiency. • The decision-making procedures were sped up and operating expenses were decreased. |
| Market Opportunities | • Mobile and internet-connected gadget usage is on the rise. • Demand for cloud-based security technologies and solutions is increasing. |
Ans:- The forecast period of the E-Signature Software Market is 2022-2028.
Ans:- Lack of knowledge about the legal recognition and benefits of electronic signatures.
Ans:- North America accounted for the largest market share of the global digital signature market.
Ans:- The major kay players are Adobe Inc., Docusign, Inc., Esign Geni, HID Global, Legalesign Limited, OneSpan, RPost, Thales S.A., U-SIGN-IT, Zoho Corporation.
Ans:- The study includes a comprehensive analysis of worldwide E-Signature Software Market trends, as well as present and future market forecasts,Porter's five forces analysis aids, study of buyer and supplier potential , competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market 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 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. E-Signature Software Market Segmentation, by Component
8.1 Hardware
8.2 Software
8.3 Services
9. E-Signature Software Market Segmentation, by Deployment Model
9.1 On-premises
9.2 Cloud
10.E-Signature Software Market Segmentation, by Industry Vertical
10.1 BFSI
10.2 Education
10.3 Human resource
10.4 IT & telecommunication
10.5 Government
10.6 Healthcare & life science
10.7 Real estate
10.8 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Adobe Inc.
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Docusign, Inc.
12.3 Esign Geni
12.4 HID Global
12.5 Legalesign Limited
12.6 OneSpan
12.7 RPost
12.8 Thales S.A.
12.9 U-SIGN-IT
12.10 Zoho Corporation
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. 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.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
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.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
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.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
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 Cloud Gaming Market size was valued at USD 1.12 billion in 2022 and is expected to grow to USD 21.31 billion by 2030 and grow at a CAGR of 44.52 % over the forecast period of 2023-2030.
The Revenue Assurance Market size was valued at USD 5.71 billion in 2023 and is expected to grow to USD 13.72 billion by 2031 and grow at a CAGR of 5.11% over the forecast period of 2024-2031.
The Digital Rights Management Market size was valued at USD 4.05 Bn in 2022 and is expected to reach USD 10.69 Bn by 2030, and grow at a CAGR of 12.89% over the forecast period 2023-2030.
The Software as a Service [SaaS] Market size was valued at USD 238.2 billion in 2022 and is expected to grow to USD 412.34 billion by 2030 and grow at a CAGR of 7.1 % over the forecast period of 2023-2030.
The Automation Testing Market size was valued at USD 23.98 billion in 2022 and is expected to grow to USD 84.49 billion by 2030 and grow at a CAGR of 17.05 % over the forecast period of 2023-2030.
The 5G Industrial IoT Market Size was valued at USD 2.87 Billion in 2023 and is expected to reach USD 298.5 Billion by 2031 and grow at a CAGR of 78.6 % over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
