1. Home
  2. > ICT
  3. > IT Hardware
  4. > Security Systems Market Trends
Digital Signature Market by Component, Solution, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027

Digital Signature Market by Component, Solution, Deployment Mode, Organization Size, Vertical and Region - Global Forecast to 2027

  • October 2022
  • 266 pages
  • ID: 4655402
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

The global digital signature market is projected to grow from an estimated USD 5.5 billion in 2022 to USD 25.2 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 35.6% from 2022 to 2027.
Some of the factors driving the market growth include implementation of stringent regulatory standards, and the requirement for enhanced security with controlled and seamless workflow. However, lack of awareness about legality of digital signatures and variation of digital signature rules and regulations across regions is expected to hinder the market growth.

SMEs segment to grow at highest CAGR during the forecast period
SMEs majorly adopt digital signature solutions and services to protect their organizations from unauthorized access, vulnerabilities, and attacks.One of the prime motives of attackers targeting SMEs is to access the customers’ sensitive data, including personal information, payment details, and other confidential information.

SMEs face several constraints including possessing limited resources and having budget constraints.The manual and traditional process of signing documents is time-consuming.

SMEs find digital signature software a simple, intuitive, low-cost, hassle-free, and secure solution to meet their growing needs.Governments take initiatives to protect SMEs in their respective countries.

Different laws in different countries, such as the eIDAS regulation in the EU, UETA and ESIGN Act in the US, and Information Technology Act, 2000 in India regulate the use of electronic signatures for SMEs. SMEs are more prone to cyber-crimes due to limited resources, availability of IT personnel, and budget constraints; therefore, they are looking forward to adopting digital signature software for saving their money, time, resources, and assets. Hence, to help organizations fight against various cyber threats and challenges, digital signature software and hardware providers deliver innovative solutions to secure businesses from cyber threats and attacks. Vendors serving SMEs include companies such as Adobe, DocuSign, and DigiCert.

BFSI segment to hold the largest market size during forecast period
The BFSI vertical is witnessing increasing digitalization.With the increasing digitalization comes the risk of fraud and cybercrimes.

With the process of mitigating the risk of fraud, digital signature solutions help provide protection to the sensitive customer data.BFSI organizations need to provide good customer experiences based on digital consumer behavior and preferences.

Digital signatures help increase efficiency and allow businesses to collaborate across borders.Digital signatures help eliminate paper-based processes; identify internal users or workflow processes; enable signing of a huge volume of documents; provide authenticity, traceability, and control; reduce time delays, and increase accuracy of completion rates.

Digital signature solutions help speed up transactions and maintain audit trails of signed agreements and consent forms. Financial institutions need to maintain compliance with regulations and laws implemented across regions. Initiatives are being taken by governments in these countries related to digital signatures. In 2021, ETSI unveiled ETSI TS 119 182-1, a specification for digital signatures supported by PKI and public key certificates which authenticates the transactions’ origin, that helps make the originator accountable and further access to sensitive resources can be controlled. This standard will be useful for some 4,000 banks that were using various signing algorithms for their APIs to secure their online transactions.

Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific is one of the major contributors to the digital signature market.Across Asia Pacific, digital technology is transforming various aspects of the life of citizens.

These changes have been affecting governments, businesses, and communities.The region is witnessing a rising deployment of information technology, which is enhancing the growth of the digital signature market.

According to the World Bank, the internet usage percentage in Asia Pacific in 2020 was 67%.The region is transformed by technologies, including AI, big data, mobile connectivity, and high-capacity electronic networks.

Enterprises are deploying digital signature solutions to protect their critical information and systems from hackers. The major driver for the digital signature market in this region includes huge demand from enterprises and SMEs for secure transactions on the internet and the adoption of secure digital document solutions. The COVID-19 pandemic has strengthened the digital signature market as businesses increasingly move online and adopt digital tools. Several regulations by governments across countries in the region control the digital signature market in the region. Vendors offering solutions in the digital signature market in Asia Pacific include companies such as Secured Signing and SigniFlow.

Breakdown of Primaries
The primary sources from the supply side included various industry experts, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the digital signature market.
• By Company Type: Tier 1: 25%, Tier 2: 40%, and Tier 3: 35%
• By Designation: C-level Executives: 30%, Directors: 35%, Others: 35%
• By Region: North America: 15%, Europe: 25%, Asia Pacific: 30%, Latin America:20%, MEA:10%

The major digital signature market vendors include Adobe (US), OneSpan (US), Thales (France), DocuSign (US), Ascertia (UK), Zoho (India), GlobalSign (US), Entrust (US), DigiCert (US), IdenTrust (US), Secured Signing (New Zealand), Symtrax (US), AlphaTrust (US), Notarius (US), Actalis (US), ComSignTrust (Israel), SignWell (US), SIGNiX (US), RNTrust (UAE), Bit4id (Italy), LAWtrust (South Africa), SigniFlow (UK), vintegrisTECH (Spain), Signicat (Norway), and Signority (Canada).

Research Coverage
The report segments the digital signature market and forecasts its size, by component (solutions, services), solution (software, hardware), deployment mode (cloud, on-premises), organization size (SMEs, large enterprises), vertical (BFSI, government and defense, healthcare and life sciences, legal, real estate, education, IT and ITeS), and region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America).
The study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and key market strategies.

Key Benefits of Buying Report
The report is expected to help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall digital signature market and sub-segments.It 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 will also help stakeholders understand the pulse of the market and will provide them with information on key market drivers, restraints, challenges, and opportunities.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Grace helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Certificate Authority Market by Component, SSL Certification Validation Type, Organization Size, Vertical And Region - Global Forecast to 2026

  • $ 4950
  • December 2021
  • 285 pages

The global certificate authority market is estimated to account for USD 127 Million in 2021. It is projected to reach USD 226 Million, at a CAGR of 12.3% from 2021 to 2026. The major driving factors contributing ...

  • World
  • Europe
  • Security Systems
  • Digital Signature
  • Industry analysis
  • Internet Penetration
  • Gross Domestic Product


Reportlinker.com © Copyright 2023. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on