Skip to main content

Digital Signature Market To Generate $25,211.3 Million Revenue by 2030

Factors such as the surge in adoption of digital-signature based biometrics in the banking, financial services and insurance (BFSI) sector, requirement for advanced security solutions amidst pandemic lockdowns and remote working environment, government policies regarding digitization and data protection, and rise in usage of digital signature to eliminate paperwork are expected to drive the growth of the digital signature market at a CAGR of 29.2% during the foreseeable period.

According to P&S Intelligence, the market size is projected to reach $25,211.3 million by 2030 from $1,858.3 million in 2020. Moreover, the market is witnessing a trend of using digital signatures in the healthcare industry for higher transparency. The surging adoption of digital-signature-based iometrics in the BFSI sector is one of the main factors boosting the digital signature industry growth.


Biometrics is one of the most secure ways of authentication and identification, as this technology offers a unique characteristic to the signature of any user. The signature pattern of a user cannot be stolen or copied for any purpose. Furthermore, people in developed countries use digital-signature-based smartcards for security purposes.

Based on component, the digital signature industry is classified into software, hardware, and service. Out of these, the software category accounted for the largest market share in 2020, and it is also expected to witness the fastest growth during the forecast period. This can be ascribed to the surging digitalization and the rising awareness regarding advanced technologies across all industries across the world.

Thus, the surge in adoption of digital-signature-based biometrics in the BFSI sector and the government policies regarding digitization and data protection across the world are projected to propel the market growth in the coming years.
Labels:

Comments

Post a Comment

Popular posts from this blog

AI in Agriculture Market Share, Size, Future Demand, Top Leading Player, and Emerging Trends

The booming population is putting immense pressure on the agrarian community to produce more of all kinds of crops, dairy products, and meats than ever before. In addition, the growing cities, which are eating up agricultural land, are making this task increasingly difficult. This is why the focus at the individual farmer and government levels has started shifting toward modern ways of practicing agriculture. Like most industries, agriculture is now embracing digitization and, with it, its various components, such as drones, robots, and sensors. To make all these systems more effective and the cultivation and animal husbandry processes more fruitful, artificial intelligence (AI) is being leveraged. As per P&S Intelligence, this will be the key reason behind the growth of the AI in agriculture market from $852.2 million in 2019 to $8,379.5 million by 2030, at a 24.8% CAGR between 2020 and 2030. The purpose of using AI in agriculture is to offer real-time updates on sowing and reapi...
Post a Comment
Read more

How Is Military and Defense Sector Boosting Underwater Robotics Market Growth?

Categories under the type segment of the underwater robotics market include autonomous underwater vehicle (AUV) and remotely operated vehicle (ROV). Of these, the ROV category is expected to exhibit the faster growth during the forecast period, due to the burgeoning demand for ROVs in the deep-sea oil drilling industry. Further, the AUV category will also register considerable growth in the forecast years, primarily on account of the surging deployment of such robots for detecting submerged wrecks and obstructions in the defense sector. The application segment of the underwater robotics market is classified into scientific research, defense and security, and commercial exploration. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/underwater-robotics-market/report-sample Among these, the defense and security category holds a substantial market share, due to the surging deployment of AUVs in the defense and security sector. For example, in 2019, Gener...
Post a Comment
Read more

Wi-Fi Analytics Market To Generate $52,975.5 Million Revenue by 2030

The Wi-Fi analytics market is expected to exhibit a CAGR of 24.2% during the forecast period (2020–2030), due to the increasing penetration of smartphones, escalating Wi-Fi deployment rate, and the rising proliferation of big data technology worldwide. The market generated a revenue of $5,210.0 million in 2019 and it is projected to generate $52,975.5 million revenue by 2030. Wi-Fi analytics refers to the use of a Wi-Fi network to collect data from internet-enabled devices, such as smartphones and laptops. One of the major growth drivers for the market is the increasing deployment of public Wi-Fi hotspots, primarily on account of the burgeoning use of wearable devices, smartphones, tablets, and other internet-enabled devices. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/wifi-analytics-market-report/report-sample Public Wi-Fi networks have emerged as one of the most viable solutions for meeting the burgeoning demand for high bandwidth. Furthermor...
Post a Comment
Read more