Market Research News Federation Board

The surging requirement for smooth digital transaction management and user identity authentication will aid the digital signature market to advance at 29.2% CAGR during the forecast period (2021–2030). According to P&S Intelligence, the market revenue is expected to grow from $1,858.3 million in 2020 to $25,211.3 million by 2030. Moreover, the increasing digitization and rising acceptance of online channels for payments and other applications will also augment the market growth in the foreseeable future. Digital signatures are being increasingly used for filing banking, corporate communication, legal and advisory, marketing, and insurance forms as they assist in reducing the time taken for completing such tasks. Additionally, a one-time scanned and digitized signature can be used multiple times for insurance and banking procedures. The surging use of online forms for buying insurance, opening credit and savings accounts, and filing income tax returns, owing to the rapid digitizatio...

With the growing incidence of data thefts and frauds, the requirement for digital signatures is surging, especially in the banking, financial services, and insurance (BFSI) sector. Many companies operating in this sector are increasingly adopting the digital signature-based biometric technology for identifying and authenticating the signature of users. Moreover, this technology ensures that the users’ signature cannot be stolen and copied for any purpose. Additionally, the use of digital signature-based smartcards is also soaring in some developed nations, such as Germany and the U.S., for security purposes. Besides the aforementioned factor, the burgeoning requirement for eliminating paperwork is also propelling the worldwide demand for digital signatures, which is, in turn, driving the expansion of the global digital signature market . Owing to these factors, the revenue of the market is predicted to rise from $1,858.3 million in 2020 to $25,211.3 million by 2030. Furthermore, the ma...