26 December 2018 – The Global Digital Signatures Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A mathematical technique used to validate the authenticity and integrity of a message, software or digital document is referred to a digital signature. It gives the assurance that the contents of a message have not been changed in transit.
The factors that propel the growth of the Digital Signatures Market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations. In addition, factors such as growing use of digital signature to eradicate fraud and to maintain legal security fuels the market growth. Moreover, there are a large number of end users such as banking, financial services, and insurance (BFSI) sector, government, healthcare, retail, etc.
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Digital Signatures Market is classified on the basis of product type, applications, deployment type, and geography. The market is segmented by product type as software, hardware and services. Digital Signatures Industry is classified on applications as BFSI, military & defense, government, logistics and transportation, healthcare, retail, oil & gas, and others. Digital Signatures industry is categorized by deployment type as on-premises and cloud-based. The market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa. In case of geographical region, North America is projected to account a major share in the Digital Signatures Market.
Some of the key players that fuel the growth of the Digital Signatures Market include SIGNiX, Wacom, DigiStamp, GlobalSign, DocuSign, ePadLink, eSignLive, RightSignature LLC, SafeNet, Topaz Systems, Inc., HelloSign, Inc., Ascertia, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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Market segment by Type, the product can be split into
Market segment by Application, Digital Signatures can be split into
- Oil & Gas
- Military & Defense