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(I-SoftwareNews.Com, August 08, 2018 ) Market Overview:-
Digital Signature Market size is expected to witness speedy growth, owing to the need for effective authentication, data security, control and integrity. Authentication of user identity during digital transactions is an emerging aspect increasing the demand for digital signature solutions.
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Digital signatures are mathematical techniques used to authenticate a digital document, message or software, using asymmetric cryptography. The technology primarily solves the problem of interference in digital communication and impersonation. Digital Signature Market is primarily driven by the rising usage across enterprises to approve and certify contents of digital documents such as emails, PDFs and word documents. With proper authentication, organizations can now send business documents and legal contracts at less risk. Electronic documents are protected by encryption at sender’s end. To retrieve the data in the document, receiver is authorized with digital signature to decrypt data.
Top Key Players:-
The stakeholders of digital signature market are digital signature service providers, vendors, consultancy or advisory firms, product manufacturers & developers and system integrators & migration service providers. Key application providers include Secured Signing Limited, Kofax Limited, Adobe Systems, Inc., eSignLive, Gemalto, Inc., Entrust Datacard Corp., DocuSign, Signix, Ascertia, IdenTrust, Inc. and RPost Technologies.
Market share calculation in this report is not done based on companies covered in it. The calculation of digital signature market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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Regional Segmentations: -
North America digital signature market is expected to witness tremendous growth opportunities due to growth in financial & legal services sector and stringent cyber laws. Latin America, in addition to developing countries including Philippines have the most unstandardized & weakest cyber laws and is predicted to witness the most sluggish growth during the forecast period. Europe in digital signature market is expected to witness significant growth rate, owing to the electronic signature regulations, that would enhance cross-country trading, recently introduced by European Electronic Messaging Association (EEMA). Adding to it in 1999, European parliament adopted 1999/93/EC Directive for electronic signatures. Growing need for reliable & secure transactions and authenticating user identity over digital network is anticipated to drive digital signature adoption in the region.
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The digital signature market segmented on the basis of deployment type, end-user and solution. By solution, the market is segmented as software, hardware and services. The software solution segment is forecast to witness substantial growth, owing to the reduced costs and less transaction time. The software solution sub segment is expected to contribute to market growth during the forecast period due to implementation across different industry verticals for greater end-user benefit and improved compliance.
Based on deployment type, digital signature market is categorized into web-based, on-premise, and cloud deployment. The on-premise deployment model is anticipated to be major contributor to the industry growth, owing to its acceptance by many organizations across verticals. It offers high flexibility & control and can be easily regulated by clients. Cloud-based model is projected to hold largest market share during the forecast period as it encompasses data exchange between signing enabled cloud environment and the signer. It provides solutions to end-users and offers companies multi-channel signatures by reducing implementation and operational costs.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Source: EmailWire.Com 
Source: EmailWire.com
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