Persistence Market Research

Digital Signature Software Market to Grow at US$3.40 Bn by 2025 End

The competitive landscape in the global digital signature software market is benchmarked by the rivalry between the prominent vendors


New York, NY -- (SBWIRE) -- 12/27/2017 -- The competitive landscape in the global digital signature software market is benchmarked by the rivalry between the prominent vendors, such as COMSIGNTRUST Ltd., Integrated Media Management LLC, Identrust Inc., VASCO Data Security Int. Inc., ASCERTIA Ltd., SERTIFI Inc., Cryptolog SAS, Entrust Datacard Corp., SECURED SIGNING Ltd., and RightSignature LLC, states a new report by Persistence Market Research (PMR). With the increasing number of new entrants, the competition within this market likely to intensify further, states the research report.

According to the research study, the global market for digital signature software, which was worth US$587.6 mn in 2016, will offer a lucrative opportunity of US$3.40 bn by 2025 end, with an exponential CAGR of 22.40% during the period from 2017 to 2025.

"With the increasing concerns among consumers over the secrecy of a number of activities, especially legal proceedings, the demand for digital signature software is witnessing a remarkable growth across the world," says an analyst at PMR. The convenience digital signature offers is the key factor behind its growing popularity. The cost factor also plays an important role in the rising uptake of digital signature software across the world, as digital signature significantly lower the usage of physical documentation, cutting the cost incurred in paper, printing, and shipping of the documents.

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With an increasing number of organizations looking forward to go paperless in future, the global market for digital signature software is expected to rise tremendously over the next few years. However, the complex procedure of digital signature may hamper the market to some extent in the years to come, states the research report.

In this research study, the worldwide market for digital signature software has been analyzed on the basis of several important parameters, such as the component, end user, and industry. Software and services have surfaced as the key components of digital signature. Among the two, the software segment is likely to lead the global market in the near future. By end user, enterprises have emerged as the leading end user segment in this market and are anticipated to remain so over the period of the forecast.

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BFSI, with maximum revenue, has been the leading industry in the global digital signature software market, thanks to it's the increasing usage of digital signature in various departments, such as mortgages, loans, and several administration departments. Creating an incremental opportunity worth US$950.9 mn during the period of the forecast, this segment is likely to continue on the top in the years to come, notes the market study.

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About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.

PMR stands committed to bringing more accuracy and speed to clients' business decisions. From ready-to-purchase market research reports to customized research solutions, PMR's engagement models are highly flexible without compromising on its deep-seated research values.