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Digital signature market size to increase by USD 16,400.28 million: North America will account for 33% of market growth - Technavio
[January 26, 2023]

Digital signature market size to increase by USD 16,400.28 million: North America will account for 33% of market growth - Technavio


NEW YORK, Jan. 26, 2023 /PRNewswire/ -- The Digital Signature Market by End-user, Component, and Geography - Forecast and Analysis 2023-2027 has been published by Technavio. Market growth is estimated to accelerate at a CAGR of 36.6% and register an incremental growth of USD 16,400.28 million during the forecast period. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. Download a PDF sample report

Company profiles

The digital signature market report includes information on the key products and recent developments of leading vendors, including:

  • OneSpan Inc.: The company offers digital signature solutions such as GMO Sign.
  • Oracle Corp.: The company offers digital signature solutions such as OneSpan Sign.
  • PandaDoc Inc.: The company offers digital signature solutions such as Oracle E signature and E records.
  • Revvsales Inc.: The company offers digital signature solutions such as PandaDoc e-signature software.
  • RPost UK Limited: The company offers digital signature solutions such as the Revv E signature platform.
  • Salesforce.com Inc.
  • Secured Signing Ltd.
  • SIBS Multicert
  • Signflow
  • To gain access to more vendor profiles available with Technavio, buy the report!

Regional analysis

Based on region, the global digital signature market is segmented into North America, APAC, Europe, South America, and the Middle East and Africa. North America is estimated to account for 33% of the growth of the global market over the forecast period. Factors such as the high adoption of cloud technology in the US and Canada and the presence of major vendors are driving the growth of the market in the region.

Market dynamics

The market is driven by factors such as the growing number of partnerships and acquisitions, the increasing adoption of digital signatures in cloud-based deployment, and government regulations supporting digital signatures. However, the growing number of partnerships and acquisitions is hindering the market growth.

Competitive analysis

The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, among others. Request a sample

Market segmentation

  • Based on end-user, the market is segmented into BFSI, government, healthcare, legal, and others. The BFSI segment accounted for the largest share of the market in 2022.
  • Based on geography, the market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. North America held the largest share of the market in 2022.
  • Based on component, the market is segmented into software, hardware, and service.

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The digital map market is estimated to grow at a CAGR of 22.95% between 2022 and 2027. The size of the market is forecasted to increase by USD 13,690.05 million. The adoption of intelligent PDAs is notably driving the market growth, although factors such as inaccurate results and high battery drainage in smart devices may impede the market growth.

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What are the key data covered in this digital signature market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the digital signature market between 2023 and 2027
  • Precise estimation of the digital signature market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, APAC, South America, and Middle East and Africa
  • Thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of digital signature market vendors




Digital Signature Market Scope

Report Coverage

Details

Page number

178

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 36.6%

Market growth 2023-2027

USD 16,400.28 million

Market structure

Fragmented

YoY growth 2022-2023(%)

35.28

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 33%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading vendors, market positioning of vendors, competitive strategies, and industry risks

Key companies profiled

Ascertia, DocuSign Inc., Dropbox Inc., Entrust Corp., GMO Internet Group Inc., OneSpan Inc., Oracle Corp., PandaDoc Inc., Revvsales Inc., RPost UK Limited, Salesforce.com Inc., Secured Signing Ltd., SIBS Multicert, Signflow, SIGNiX Inc., Symtrax, Thales Group, Thoma Bravo LP, Zoho Corp. Pvt. Ltd., and Adobe Inc.

Market dynamics

Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.


Browse for Technavio's information technology market reports

Table of contents:

1 Executive Summary

  • 1.1 Market overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Component
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global digital signature market 2017 - 2021
    • Exhibit 18: Historic Market Size – Data Table on Global digital signature market 2017 - 2021 ($ million)
  • 4.2 End-user Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
  • 4.3 Component Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Component Segment 2017 - 2021 ($ million)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

  • 5.1 Five forces summary 
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry 
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition 
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

  • 6.1 Market segments 
    • Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)
  • 6.2 Comparison by End-user 
    • Exhibit 32: Chart on Comparison by End-user
    • Exhibit 33: Data Table on Comparison by End-user
  • 6.3 BFSI - Market size and forecast 2022-2027
    • Exhibit 34: Chart on BFSI - Market size and forecast 2022-2027 ($ million)
    • Exhibit 35: Data Table on BFSI - Market size and forecast 2022-2027 ($ million)
    • Exhibit 36: Chart on BFSI - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on BFSI - Year-over-year growth 2022-2027 (%)
  • 6.4 Government - Market size and forecast 2022-2027
    • Exhibit 38: Chart on Government - Market size and forecast 2022-2027 ($ million)
    • Exhibit 39: Data Table on Government - Market size and forecast 2022-2027 ($ million)
    • Exhibit 40: Chart on Government - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Government - Year-over-year growth 2022-2027 (%)
  • 6.5 Healthcare - Market size and forecast 2022-2027
    • Exhibit 42: Chart on Healthcare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 43: Data Table on Healthcare - Market size and forecast 2022-2027 ($ million)
    • Exhibit 44: Chart on Healthcare - Year-over-year growth 2022-2027 (%)
    • Exhibit 45: Data Table on Healthcare - Year-over-year growth 2022-2027 (%)
  • 6.6 Legal - Market size and forecast 2022-2027
    • Exhibit 46: Chart on Legal - Market size and forecast 2022-2027 ($ million)
    • Exhibit 47: Data Table on Legal - Market size and forecast 2022-2027 ($ million)
    • Exhibit 48: Chart on Legal - Year-over-year growth 2022-2027 (%)
    • Exhibit 49: Data Table on Legal - Year-over-year growth 2022-2027 (%)
  • 6.7 Others - Market size and forecast 2022-2027
    • Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
    • Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
    • Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
  • 6.8 Market opportunity by End-user 
    • Exhibit 54: Market opportunity by End-user ($ million)

7 Market Segmentation by Component

  • 7.1 Market segments 
    • Exhibit 55: Chart on Component - Market share 2022-2027 (%)
    • Exhibit 56: Data Table on Component - Market share 2022-2027 (%)
  • 7.2 Comparison by Component 
    • Exhibit 57: Chart on Comparison by Component
    • Exhibit 58: Data Table on Comparison by Component
  • 7.3 Software - Market size and forecast 2022-2027
    • Exhibit 59: Chart on Software - Market size and forecast 2022-2027 ($ million)
    • Exhibit 60: Data Table on Software - Market size and forecast 2022-2027 ($ million)
    • Exhibit 61: Chart on Software - Year-over-year growth 2022-2027 (%)
    • Exhibit 62: Data Table on Software - Year-over-year growth 2022-2027 (%)
  • 7.4 Hardware - Market size and forecast 2022-2027
    • Exhibit 63: Chart on Hardware - Market size and forecast 2022-2027 ($ million)
    • Exhibit 64: Data Table on Hardware - Market size and forecast 2022-2027 ($ million)
    • Exhibit 65: Chart on Hardware - Year-over-year growth 2022-2027 (%)
    • Exhibit 66: Data Table on Hardware - Year-over-year growth 2022-2027 (%)
  • 7.5 Service - Market size and forecast 2022-2027
    • Exhibit 67: Chart on Service - Market size and forecast 2022-2027 ($ million)
    • Exhibit 68: Data Table on Service - Market size and forecast 2022-2027 ($ million)
    • Exhibit 69: Chart on Service - Year-over-year growth 2022-2027 (%)
    • Exhibit 70: Data Table on Service - Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Component 
    • Exhibit 71: Market opportunity by Component ($ million)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 72: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 73: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 74: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 75: Chart on Geographic comparison
    • Exhibit 76: Data Table on Geographic comparison
  • 9.3 North America - Market size and forecast 2022-2027
    • Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.4 Europe - Market size and forecast 2022-2027
    • Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
    • Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.5 APAC - Market size and forecast 2022-2027
    • Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
    • Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027
    • Exhibit 89: Chart on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 90: Data Table on South America - Market size and forecast 2022-2027 ($ million)
    • Exhibit 91: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
    • Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 US - Market size and forecast 2022-2027
    • Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ million)
    • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.9 Germany - Market size and forecast 2022-2027
    • Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
    • Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%)
  • 9.10 UK - Market size and forecast 2022-2027
    • Exhibit 105: Chart on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 106: Data Table on UK - Market size and forecast 2022-2027 ($ million)
    • Exhibit 107: Chart on UK - Year-over-year growth 2022-2027 (%)
    • Exhibit 108: Data Table on UK - Year-over-year growth 2022-2027 (%)
  • 9.11 China - Market size and forecast 2022-2027
    • Exhibit 109: Chart on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 110: Data Table on China - Market size and forecast 2022-2027 ($ million)
    • Exhibit 111: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 112: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.12 Japan - Market size and forecast 2022-2027
    • Exhibit 113: Chart on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 114: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
    • Exhibit 115: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 116: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 117: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 118: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape 
    • Exhibit 119: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption 
    • Exhibit 120: Overview on factors of disruption
  • 11.4 Industry risks 
    • Exhibit 121: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered 
    • Exhibit 122: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 123: Matrix on vendor position and classification
  • 12.3 Adobe Inc. 
    • Exhibit 124: Adobe Inc. - Overview
    • Exhibit 125: Adobe Inc. - Business segments
    • Exhibit 126: Adobe Inc. - Key news
    • Exhibit 127: Adobe Inc. - Key offerings
    • Exhibit 128: Adobe Inc. - Segment focus
  • 12.4 Ascertia 
    • Exhibit 129: Ascertia - Overview
    • Exhibit 130: Ascertia - Product / Service
    • Exhibit 131: Ascertia - Key offerings
  • 12.5 DocuSign Inc. 
    • Exhibit 132: DocuSign Inc. - Overview
    • Exhibit 133: DocuSign Inc. - Product / Service
    • Exhibit 134: DocuSign Inc. - Key offerings
  • 12.6 Dropbox Inc. 
    • Exhibit 135: Dropbox Inc. - Overview
    • Exhibit 136: Dropbox Inc. - Product / Service
    • Exhibit 137: Dropbox Inc. - Key offerings
  • 12.7 Entrust Corp. 
    • Exhibit 138: Entrust Corp. - Overview
    • Exhibit 139: Entrust Corp. - Product / Service
    • Exhibit 140: Entrust Corp. - Key news
    • Exhibit 141: Entrust Corp. - Key offerings
  • 12.8 GMO Internet Group Inc. 
    • Exhibit 142: GMO Internet Group Inc. - Overview
    • Exhibit 143: GMO Internet Group Inc. - Business segments
    • Exhibit 144: GMO Internet Group Inc. - Key offerings
    • Exhibit 145: GMO Internet Group Inc. - Segment focus
  • 12.9 OneSpan Inc. 
    • Exhibit 146: OneSpan Inc. - Overview
    • Exhibit 147: OneSpan Inc. - Product / Service
    • Exhibit 148: OneSpan Inc. - Key offerings
  • 12.10 Oracle Corp. 
    • Exhibit 149: Oracle Corp. - Overview
    • Exhibit 150: Oracle Corp. - Business segments
    • Exhibit 151: Oracle Corp. - Key news
    • Exhibit 152: Oracle Corp. - Key offerings
    • Exhibit 153: Oracle Corp. - Segment focus
  • 12.11 PandaDoc Inc. 
    • Exhibit 154: PandaDoc Inc. - Overview
    • Exhibit 155: PandaDoc Inc. - Product / Service
    • Exhibit 156: PandaDoc Inc. - Key offerings
  • 12.12 Revvsales Inc. 
    • Exhibit 157: Revvsales Inc. - Overview
    • Exhibit 158: Revvsales Inc. - Product / Service
    • Exhibit 159: Revvsales Inc. - Key offerings
  • 12.13 Salesforce.com Inc. 
    • Exhibit 160: Salesforce.com Inc. - Overview
    • Exhibit 161: Salesforce.com Inc. - Product / Service
    • Exhibit 162: Salesforce.com Inc. - Key news
    • Exhibit 163: Salesforce.com Inc. - Key offerings
  • 12.14 SIBS Multicert 
    • Exhibit 164: SIBS Multicert - Overview
    • Exhibit 165: SIBS Multicert - Product / Service
    • Exhibit 166: SIBS Multicert - Key offerings
  • 12.15 SIGNiX Inc. 
    • Exhibit 167: SIGNiX Inc. - Overview
    • Exhibit 168: SIGNiX Inc. - Product / Service
    • Exhibit 169: SIGNiX Inc. - Key offerings
  • 12.16 Thales Group 
    • Exhibit 170: Thales Group - Overview
    • Exhibit 171: Thales Group - Business segments
    • Exhibit 172: Thales Group - Key offerings
    • Exhibit 173: Thales Group - Segment focus
  • 12.17 Thoma Bravo LP 
    • Exhibit 174: Thoma Bravo LP - Overview
    • Exhibit 175: Thoma Bravo LP - Product / Service
    • Exhibit 176: Thoma Bravo LP - Key news
    • Exhibit 177: Thoma Bravo LP - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 178: Inclusions checklist
    • Exhibit 179: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 180: Currency conversion rates for US$
  • 13.4 Research methodology 
    • Exhibit 181: Research methodology
    • Exhibit 182: Validation techniques employed for market sizing
    • Exhibit 183: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 184: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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Email: [email protected]
Website: www.technavio.com/

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