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Global Digital Signature Market to Thrive Due to Rise in Forgery and Tampering in Financial Transactions

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Published on : Dec 07, 2018

ALBANY, New York, Dec 07, 2018: The global digital signature market is expected to experience a steady growth during the forecast period 2018-2026 due to various benefits associated with it. It helps in reducing turnover time, enhance security, and increase efficiency in an organization, thus making a smooth workflow. ResearchMoz.us in a report titled, “Digital Signature Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026”, forecasts and analyzes at both regional and global level. The reports underscores opportunities, restraints, and drivers are likely to influence the market in coming years. The report also covers various ongoing trends and technologies that are anticipated to support the market to expand during the tenure period. The report also consists of company profiles of key players in the market.

Digital signatures are as authentic as a handwritten signature which provides better security. Digital signatures are used to authenticate a message or software, digital document with the help of asymmetric cryptography. The major reason that has increased the adoption of digital signatures is that it helps in solving problem of interference in digital communication. These are significantly utilized by enterprises to certify and approve contents present in digital documents such as emails, word documents, PDFs. Digital signatures also enhance security by adding features like audit, legal compliance, and traceability. By adopting digital signature technologies, organizations can provide digital transactions to its customer which is expected to enhance the customer experience. These all factors are expected to push the market in the forward direction. However, strict rules and regulations relating to ambiguities about digital signature is likely to deter the market. Nonetheless, significant rise in forgery and tempering in software distribution and financial transactions throughout the world is foreseen to bolster the market growth.

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The global market for digital signature is classified on the basis of industry vertical, deployment, and region. On the basis of deployment the market is bifurcated into on-premise and cloud. Of these cloud segment is likely to see a steady growth due to rapid adoption of cloud based data system across various enterprises. On the basis of industry vertical, the market is segregated into real estate, education, BFSI, health care, government, transportation, retail, legal, and other.

Geographically, the report covers the market on the basis of Asia Pacific, Europe, North America, and Middle East and Africa. Of these, North America held the leading position in the market and is likely to hold the dominating position over the tenure period due to presence of established players in the region. However, it has been noticed that the market will substantially grow in Europe and Asia Pacific region. Some of the major players in the market are Gemalto N.V., Adobe systems, Inc., Entrust Datacard Corporation, DocuSign Inc., and SIGNIX, Inc.

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