Key Market Players in the Digital Signature Market and Its Opportunities for growth

Digital Signature Market

The global Digital Signature Market size is expected to grow from USD 1.2 billion in 2018 to USD 5.5 billion by 2023, at a Compound Annual Growth Rate (CAGR) of 36.7% during the forecast period, as per a report by MarketsandMarkets.

The major factors driving the digital signature market include the growing investments in digital documents by governments and enterprises because of the benefits of improved security and seamless workflow offered by digital signatures.

Why increasing number of partnerships and acquisitions is throwing more opportunities?

The digital signature market has witnessed unprecedented traction in the recent years. There has been tremendous growth in the number of inorganic growth strategies, such as partnerships, agreements, and acquisitions, among IT companies, to establish themselves as astute digital signature solution and service providers. The latest trends show that there are various inorganic strategies followed by the key players to stay competitive in the digital signature market. For instance, Adobe acquired Marketo, DocuSign acquired SpringCM, Entrust Datacard acquired Barcelona-based Safelayer Secure Communications and Trustis Limited, Secured Signing Limited partnered with Zambion, SIGNiX partnered with Andrew Johnson Bank, Adobe partnered with Microsoft, and Entrust Datacard partnered with Gemalto. The demand for digital signature solutions and services has become one of the foremost concerns for security-centric organizations. Therefore, the market offers abundant opportunities to digital signature providers for selling their digital signature solutions and services.

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Key Market Players for Digital Signature Market

Major vendors of digital signature include Adobe (US), OneSpan (US), Gemalto (Netherlands), Ascertia (UK), DocuSign (US), Entrust Datacard (US), SIGNiX (UK), Secured Signing (New Zealand), Identrust (US), RPost Technologies (US), HelloSign (US), MultiCert (Lisbon), GlobalSign (US), RightSignature (US), Zoho Corp (India), and Kofax (US).

Adobe was founded in 1982 and is headquartered in California, US. Adobe is a multinational software company. The company has 3 major business segments, namely, digital marketing, digital media, and print and publishing. Its solutions help end users collaborate, store, and manage their content, audio and video files, and documents in a convenient manner.

DocuSign was founded in 2003 and is headquartered in California, US. 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. The company also offers DTM via cloud software to assist individuals and organizations digitally for managing security approvals, decisions, contracts, and workflows. DocuSign offers products in 43 languages.

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