The Digital Signature Market is projected to grow from USD 2.8 billion in 2020 to USD 14.1 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 31.0% during the forecast period. Government initiatives and transition toward digitalization to drive the overall market growth.
Major vendors covered in the market report include Adobe (US), OneSpan (US), Thales (France), DocuSign (US), Idemia (France), Ascertia (UK), Zoho (India), GlobalSign (US), Entrust Datacard (US), Digicert (US), Identrust (US).
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These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches and product enhancements, and acquisitions to expand their presence in the digital signature market. Partnerships, agreements and collaborations, and new product launches have been the most adopted strategies by the major players from 2018 to 2020 to innovate their offerings and broaden their customer base.
- Adobe (US) is a prominent provider of digital signature solutions. The company offers products and services that are used by creative professionals, marketers, knowledge workers, application developers, enterprises, and consumers for creating, managing, delivering, measuring, optimizing, and engaging with compelling content and experiences across personal computers, devices, and media. In July 2020, Adobe enhanced its’ product, Adobe Sign. Customers of Adobe Sign that manage their user entitlement via the Adobe Admin Console can now also assign elevated authority to individual users in the Adobe Sign product profile. Adobe caters to large enterprises and SMEs in various verticals, such as media and entertainment, banking, and eCommerce. The company has a global presence across North America, Europe, Asia Pacific (APAC), MEA and Latin America.
- DocuSign (US) is another top player in the digital signature market. The company specializes in Digital Transaction Management (DTM), workflow automation, electronic signature solutions, and Contract Lifecycle Management. DocuSign offers the DTM platform and eSignatures solutions and services. In August 2020, DocuSign integrated with Workplace by Facebook. The integration is focused on its Agreement Cloud amid digital transformation efforts and remote work. The company provides its platform and services to SMEs and large enterprises across different industries, including BFSI, education, government, and more.
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North America to hold the largest market share during the forecast period.
North America has the presence of several prominent market players delivering digital signature solutions to all end users in the region. The US and Canada both have strong economic conditions and are expected to be major contributors to the growth of the digital signature market. The geographical presence, significant Research and Development (R&D) activities, partnerships, and acquisitions and mergers are the major factors for the deployment of digital signature and services. The major vendors, such as Adobe, DocuSign, Thales, OneSpan and Idemia.
Key and innovative vendors in the digital signature market include Adobe (US), OneSpan (US), Thales (France), DocuSign (US), Idemia (France), Ascertia (UK), Zoho (India), GlobalSign (US), Entrust Datacard (US), Digicert (US), Identrust (US).
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