Global Digital Signature Market Analysis 2024 – Estimated Market Size And Key Drivers

The Digital Signature Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2011-2022) and extends its insights into a ten-year forecast period (2024-2033).

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According to The Business Research Company’s Digital Signature Global Market Report 2024, The digital signature market size has grown exponentially in recent years. It will grow from $6.74 billion in 2023 to $8.89 billion in 2024 at a compound annual growth rate (CAGR) of 31.9%.  The  growth in the historic period can be attributed to legal recognition, security concerns, business efficiency, environmental sustainability, remote work and collaboration.

The digital signature market size is expected to see exponential growth in the next few years. It will grow to $28.33 billion in 2028 at a compound annual growth rate (CAGR) of 33.6%.  The growth in the forecast period can be attributed to e-government initiatives, increased cybersecurity measures, healthcare digitization, blockchain integration, iot and smart contracts. Major trends in the forecast period include biometric authentication, mobile signature apps, advanced encryption, integration with collaboration tools, regulatory compliance.

Supporting policies by the governments of various nations drove the digital signature market. For instance, the US government has passed an act called the 21st Century Integrated Digital Experience Act (also known as 21st Century IDEA Act). The 21st Century IDEA Act created a set of minimum functionalities and security standards that federal agencies must meet. According to this Act, the agencies must offer digital versions of paper-based citizen services and accept digital signatures, thereby, allowing citizens to complete transactions digitally. Such policies by the government of various nations have boosted the demand for the digital signature market.

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The digital signature market covered in this report is segmented –

1) By Offering: Software; Hardware; Services
2) By Deployment: Cloud; On-premises
3) By End User: Banking, Financial services, and Insurance(BFSI); IT and Telecommunications; Government; Health care and life sciences; Education; Retail; Real Estate; Other End-Users

The digital signature market report table of contents includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

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