LONDON--(BUSINESS WIRE)--The global digital signature market is expected to register an incremental growth of USD 2.77 billion, witnessing a CAGR of over 27% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the digital signature market in optimistic, probable, and pessimistic forecast scenarios.
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Amid the COVID-19 Crisis, the Revaluated and Updated Digital Signature Market Report Says:
- The digital signature market will witness a Positive and Superior impact during the forecast period owing to the extensive rise of COVID-19 pandemic.
- Due to the extensive spread of the virus across the globe, the Information Technology industry is anticipated to have Mixed and Direct impact
- Furthermore, as per Technavio’s pandemic-focused research highlights, the market demand will show At Par growth due to the increase in infections and reduced economic activity.
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Digital Signature Market Segmentation and Competitive Analysis
Digital signature market is segmented by geography (APAC, Europe, MEA, North America, and South America) and end-user (BFSI, government, healthcare, legal, and others). The growing number of partnerships and acquisitions has been an instrumental factor in influencing the growth of the digital signature market. Other market drivers include increasing digital signature adoption in cloud-based deployment and government regulations supporting digital signature.
The market is concentrated. The report analyzes the market’s competitive landscape and offers information on several market vendors, including Adobe Inc., DocuSign Inc., Dropbox Inc., Entrust Datacard Corp., GlobalSign Ltd., Kofax Inc., OneSpan Inc., Oracle Corp., SIGNiX Inc., and Thales Group. Moreover, Technavio offers custom research analysis on the crucial pointers to highlight the impact of COVID-19 on the market across the supply chain.
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Reasons to Buy the Report:
- Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
- The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers.
- The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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Methodology
Information Sources:
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
Data Analysis:
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
Report Writing:
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
