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Digital Signature Industry Companies Integrate Blockchain Technology With Their Products

Digital Signature Market Report 2021: COVID-19 Implications And Growth To 2030

Digital Signature Global Market Report 2021: COVID-19 Implications And Growth To 2030

The Business Research Company’s Digital Signature Global Market Report 2021: COVID-19 Implications And Growth To 2030

LONDON, GREATER LONDON, UK, May 12, 2021 / -- The digital signature solutions providing companies are integrating blockchain technology with the digital signature. The goal of integrating blockchain with a digital signature is to offer users the possibility to certify integrity and time stamp. For instance, DocuSign collaborated with Visa for the public prototypes of a blockchain-based smart contract. A blockchain-based smart contract turns the contract into a computer program and the internet-connected program monitors and triggers the relevant actions on the contract's terms.

Other digital signature trends include mergers and acquisitions. In May 2020, Visma, a Norway-based software consulting and developing company, acquired the digital signature and document management provider Zetech for an undisclosed amount. The acquisition is expected to add nearly 1,000 new customers and a million users across five countries and strengthen Visma's ability to provide resilient cloud solutions to Latin America.

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The global digital signature market size is expected to grow from $2.17 billion in 2020 to $2.63 billion in 2021 at a compound annual growth rate (CAGR) of 21.2%. The global pandemic of COVID-19 is preventing individuals from traveling and brought in many restrictive measures such as lockdown, suspended transport services, and the closure of other non-essential services to avoid being in close proximity with other individuals. Consequently, individuals, companies and businesses now wish to use electronic signatures as an alternative to the traditional wet-ink signatures when signing documents to continue to operate remotely. This strongly affects the electronic signatures market growth. The digital signature market is thus expected to reach $6.9 billion in 2025 at a CAGR of 27%. The countries with e signature market shares covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Major players in the digital signature market are Adobe Systems, DocuSign Inc., Ascertia, Identrust, SIGNiX, Gemalto, Entrust Datacard Corporation, Kofax Limited (a Lexmark Company), and RPost Technologies.

The digital signature market covered in this report is segmented by offering into software, hardware, services. The digital signature market is also segmented by deployment into cloud, on-premises and by end-user into banking, financial services, and insurance (BFSI), IT and telecommunications, government, health care and life sciences, education, retail, real estate, others.

Digital Signature Global Market Report 2021: COVID-19 Implications And Growth To 2030 is one of a series of new reports from The Business Research Company that provides digital signature market overview, forecast digital signature market size and growth for the whole market, digital signature market segments, and geographies, digital signature market trends, digital signature market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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