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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.
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