The global e-signature market is predicted to grow at 34.0% CAGR during the forecast period with the market size reaching USD 12.1 billion by 2024. The market is driven by factors such as enhanced user experience and improved operational efficiency and increasing awareness regarding secure and controlled workflow. With the increasing acceptance of e-signatures as legal and secure increasing number of enterprises are adopting these solutions for their business transactions, thereby boosting the market growth, globally.
Incidence of identity thefts and online frauds are increasing globally, therefore different organizations or enterprises are using e-signature solutions to ensure safe and secure transactions of their businesses. These solutions help these enterprises to maintain and improve an efficient and secure relationship with their customers. E-signature provide faster and secure validation of documents and communications by ensuring the identification of individuals.
The key types of e-signature market include public key infrastructure, clickwrap, signature pad at POS, voice signature, username & pin, and others. Of all types, public key infrastructure segment accounts for the largest share in the market. Public key infrastructure provides a secure and encrypted transfer of information for different activities ranging from online banking transactions to e-commerce, which leads to the largest share among all types of electronic signature. Clickwrap category will witness the highest growth during the forecast period.
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On the basis of user case, the market is categorized into an unmediated, third party, mediated, and internal use case. The unmediated e-signature market size was the largest among all user case. The segment is also anticipated to grow at the fastest CAGR during the forecast period as unmediated user case are more user-friendly and faster to complete.
Based on deployment type, the e-signature market is segmented into cloud-based and on-premise. Of both, cloud-based category holds the largest share in the e-signature market globally and is also anticipated to exhibit higher growth at a CAGR of around 36% during the forecast period.
North America accounted for the major share in the e-signature industry in 2017, globally as the players in the region are continuously investing capital for the implementation of digital solutions and thereby creating a need for electronic signature solutions. The U.S. is home to most of the major players worldwide, who have a strong presence within the country and globally. Asia-Pacific e-signature market is anticipated to grow at the fastest CAGR during the forecast period.
Adobe Systems Inc., Citrix Systems Inc., SIGNiX Inc., Docusign Inc., SSL Europa France SAS, Gemalto NV, Sertifi Inc. RPost and AssureSign LLC are some of the key players offering solutions and services for E-Signature. Key players in the e-signature industry are partnering or collaborating with other players to provide enhanced and efficient solutions and services.
In April 2018, AssureSign and Hitachi Solutions America entered into a strategic partnership to deliver electronic signatures via SMS. The partnership enables Hitachi Solutions America, Ltd. and AssureSign to service Microsoft’s myriad commercial subscribers investing in the Dynamics and Office 365 platforms. Microsoft’s Cloud products span over 80 percent of today’s enterprise, allowing the alliance between both SaaS companies to bring digital transaction management solutions and integrations to the majority of the commercial CRM marketplace.
Global E-Signature Market Coverage
Type Insight and Forecast 2014-2024
Use-Case Insight and Forecast 2014-2024
Deployment Type Insight and Forecast 2014-2024
E-Signature Market by Region
Rest of the World