December 05, 2019
According to the new research report available at MarketStudyReport.com under the title ‘Electronic Signature Software Market to 2027 - Global Analysis and Forecasts by Deployment (On Premise and On Cloud); Method (General Electronic Signature, Qualified Electronic Signature, and Enhanced Electronic Signature); Offerings (Solutions and Service); End-user Industry (Manufacturing, BFSI, Pharmaceuticals, Government Agencies, Legal, and Others)’, the worldwide electronic signature software market is expected to accumulate US $5639.48 billion by the year 2027.
Rising concerns linked to cybersecurity is anticipated to drive electronic signature software market globally. Increasing adoption of cloud-based solutions in banking industry, coupled with surging digitalization across various industries will propel the market growth. However, challenges associated with variation in policies and laws concerning electronic signatures may restrict market outlook.
According to the report, electronic signature software market was worth US $853.75 billion in 2018 and is projected to grow with a CAGR of 23.7% through the year 2027, hence accounting for US $5639.48 billion. The report analyzes the market on the basis of method, deployment, offerings, end-user industry, and regional landscape.
Based on offerings, the market is segmented as services and solutions, wherein, the later segment is presumed to acquire the largest share of electronic signature software market globally over the forecast period. While considering the end-user industry, the industry is fragmented as BFSI, pharmaceuticals, legal, government agencies, manufacturing, and others. BFSI industry dominated the electronic signature software market in 2018, claims the report.
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Speaking of regional landscape, the global electronic signature software market is bifurcated into five main regions which include Europe, South America, Asia Pacific, Middle East & Africa, and North America. The study claims that North America contributed 39% revenue share in 2018. Moreover, Europe and Asia Pacific accounted for over 28% and 21% market shares in the same year, respectively.
The prominent companies operating in electronic signature software market include Zoho Corporation, Adobe, Inc., U-SIGN-IT, Docusign, Inc., Thales S.A., Esign Genie, RPost, Inc., HID Global, OneSpan, and Legalesign Limited among others.
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