E-Signature Market Outlook 2027 By Deployment Mode, Application, Size, Share, Trends, Opportunity
According to TechSci Research, Global e-signature market is expected to grow at a robust rate of around 26% during the forecast period. The global e-signature market is driven by the widespread adoption of e-signatures by various end user industries including BFSI, legal, government, retail, among others. Additionally, the sudden outbreak of COVID-19 disease has shut down worldwide operations of enterprises and public-private sectors. The world is working remotely under restrictions and digital & teleworking recommendations. This has increased the use of digital signatures for completing necessary tasks and operations along with that digital signature help in proving the identify of people and institutions thereby propelling the market growth through 2027. Furthermore, increasing expenditure by government & enterprises on electronic documents coupled with new product launches by the major vendors operating in the market is expected to create lucrative opportunities for the market growth over the next few years. However, lack of awareness and adoption especially in the emerging world can restrict the market growth during the forecast period. Besides, variation in digital signature rules & regulations across regions can hamper the market growth.
The global e-signature market is segmented based on component, deployment mode, type, use-case, application, company and region. Based on deployment mode, the market can be bifurcated into on-premise and cloud. The cloud segment is expected to dominate the market during the forecast period on account of the benefits associated with cloud such as affordability, scalability, flexibility, 24/7 availability, large storage space, auto-update feature, among others. Based on type, the market can be categorized into signature pad at POS, public key infrastructure, voice signature, clickwrap, username & pin and others. The public key infrastructure segment is expected to dominate the market since it offers the signer document authentication and enhanced security at reduced costs. Based on application, the market can be fragmented into HR, legal, real estate, BFSI, healthcare, government & defense, manufacturing & engineering and others. The BFSI segment is expected to dominate the market since e-signatures help the accountants and tax specialists to get necessary signature faster with legal requirements.
Regionally, the e-signature market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall e-signature market owing to the early adoption and widespread use of technology in the region. Europe is expected to register the highest growth in the market owing to the increasing investment by the government and major private & public sectors on account of the growing cyber security concerns.
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The major players operating in the e-signature market Adobe Systems, Inc, OneSpan, Gemalto N.V., Ascertia, DocuSign, Inc., Entrust Datacard, SIGNiX, Inc., Secured Signing, Identrust, Kofax and others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments. For instance, in May 2021, Secured Signing Limited entered a partnership with Employrite Co. Ltd., to integrate each other’s software, for the ease of human resources departments in carrying out the online employee onboarding process.
- To analyze and estimate the market size of global e-signature market from 2017 to 2020.
- To estimate and forecast the market size of global e-signature market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global e-signature market based on component, deployment mode, type, use-case, application, company and regional distribution.
- To identify dominant region or segment in the global e-signature market.
- To identify drivers and challenges for global e-signature market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global e-signature market.
- To identify and analyze the profile of leading players operating in global e-signature market.
- To identify key sustainable strategies adopted by market players in global e-signature market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of global e-signature market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- E-Signature service provider companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to e-signature
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Attribute | Details |
Base Year | 2021 |
Historical Data | 2017 – 2020 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2027 |
Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Segments covered | · Component · Deployment Mode · Organization Size · Type · Use-Case · Application |
Regional scope | North America; Europe; Asia Pacific; South America; Middle East & Africa |
Country scope | United States, Mexico, Canada, China, India, Japan, South Korea, Australia; Germany, France, United Kingdom, Spain, Italy; South Africa, UAE, Saudi Arabia; Kuwait; Brazil, Argentina, Colombia; |
Key companies profiled | Adobe Systems, Inc, OneSpan, Gemalto N.V., Ascertia, DocuSign, Inc., Entrust Datacard, SIGNiX, Inc., Secured Signing, Identrust, Kofax. |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Report Scope:
In this report, global e-signature market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Global E-Signature Market, By Component:
- Hardware
- Software
- Service
- Professional
- Managed
- Global E-Signature Market, By Deployment Mode:
- On-Premise
- Cloud
- Global E-Signature Market, By Organization Size:
- Large Enterprises
- SMEs
- Global E-Signature Market, By Type:
- Signature Pad at POS
- Public Key Infrastructure
- Voice Signature
- Clickwrap
- Username & Pin
- Others
- Global E-Signature Market, By Use-Case:
- Mediated
- Unmediated
- Third Party
- Internal
- Global E-Signature Market, By Application:
- HR
- Legal
- Real Estate
- BFSI
- Healthcare
- Government & Defense
- Manufacturing & Engineering
- Others
- Global E-Signature Market, By Region:
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global e-signature market.
About TechSci Research
TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research-based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.
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