Product Code: 10283
Market Overview
In 2023, the e-signature market generated USD 2,580.3 million in revenue and is projected to achieve a CAGR of 26.7% from 2024 to 2030, reaching USD 13,407.3 million by the year 2030. This growth of the market can be credited to the rising safety concerns across enterprises, the growing government backing, and the rising acceptance of innovative technologies in emerging nations, like Brazil China, and India.
Signature pads are quickly attaining traction in the worldwide industry, mainly because they can preserve the forensic data of signatures with dynamics and pressure, thus offering a high degree of personalization and safety, as every signature is unique and recognizable.
This device automatically captures a signatory's handwritten sign on a touchpad, utilizing a pen-type stylus. As the signatory digitally signs on the sign pad, a detector reads/classifies the pressure from the tip of the stylus and communicates signature data to a computer.
Digital pen signing also offers real-time protective and detective controls. In Europe, for example, a huge count of transactions is being established by biometric signature tech.
Moreover, in the U.S., monetary institutions are accepting pen interfaces for the alteration of the banking experience.
Moreover, a pen-drawn signature is given purposely with the belief of intent, unlike a mouse click. Thus, the acceptance of signature pads is high throughout sectors like BFSI, government, and healthcare, which are accepting the pen technology significantly.
Organizations are swiftly moving towards cloud-based operations, prompting a need for accommodating remote work scenarios. This shift has led to a growing market for e-signatures as businesses transition away from traditional paper-based processes.
Key Insights
In 2023, the Software category accounted for more than 50% of revenue in the e-signature industry.
This domination can be credited to the increasing acceptance of cloud-based and encrypted e-signature solutions for safe digital document sharing and communication.
In 2023, the cloud deployment category accounted for 75% of the e-signature industry.
Industry players are concentrating on revolutionizing cloud solutions with advanced safety and management features.
Cloud-based e-signature solutions validate documents via a cloud-hosted signing facility, providing mobility by storing the digital signing key in the cloud for signing from any internet-connected device.
In 2023, the Username and PIN category had a 40% industry share.
The category is attaining traction from the growing utilization of username and PIN solutions.
Complex pen-and-tablet tech is used to get user signatures precisely and translate them into pictures for authentication in every signed document.
In 2023, the BFSI category dominated with a 45% revenue share and projected a 27.2% CAGR during the projection period.
The increasing need for online services such as stock trading and internet banking boosts this development.
BFSI applications emphasize understanding customer preferences, guaranteeing security, governing compliance, and identity protection.
The APAC region is witnessing the fastest development at a 27% CAGR during the projection period, because of the augmented digital service acceptance, a thriving e-commerce industry, and acceptance of paperless transactions.
Reasons such as advanced digital infrastructure, increasing SME numbers, and acceptance of ML and AI also contribute to industry development.
In 2023, the North American region had a 55% industry share propelled by e-signature use to fight online fraud, their addition in BFSI and healthcare, and expenditures in productivity-advancing technologies.
The e-signature market is competitive, a handful or so major players capture the market at a high point. Electronic signature turns into an invaluable assistant in the automation of business processes, legwork reduction, and digital transformation, and its role is quite critical in this area. It is projected that the market will be more intense in the upcoming years because businesses are incorporating identity, security, and business productivity services at a faster pace.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by component
- 1.4.2. Market size breakdown, by deployment type
- 1.4.3. Market size breakdown, by type
- 1.4.4. Market size breakdown, by use case
- 1.4.5. Market size breakdown, by vertical
- 1.4.6. Market size breakdown, by region
- 1.4.7. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Component (2017-2030)
- 6.3. Market Revenue, by Deployment Type (2017-2030)
- 6.4. Market Revenue, by Type (2017-2030)
- 6.5. Market Revenue, by Use Case (2017-2030)
- 6.6. Market Revenue, by Vertical (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Component (2017-2030)
- 7.3. Market Revenue, by Deployment Type (2017-2030)
- 7.4. Market Revenue, by Type (2017-2030)
- 7.5. Market Revenue, by Use Case (2017-2030)
- 7.6. Market Revenue, by Vertical (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Component (2017-2030)
- 8.3. Market Revenue, by Deployment Type (2017-2030)
- 8.4. Market Revenue, by Type (2017-2030)
- 8.5. Market Revenue, by Use Case (2017-2030)
- 8.6. Market Revenue, by Vertical (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Component (2017-2030)
- 9.3. Market Revenue, by Deployment Type (2017-2030)
- 9.4. Market Revenue, by Type (2017-2030)
- 9.5. Market Revenue, by Use Case (2017-2030)
- 9.6. Market Revenue, by Vertical (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Component (2017-2030)
- 10.3. Market Revenue, by Deployment Type (2017-2030)
- 10.4. Market Revenue, by Type (2017-2030)
- 10.5. Market Revenue, by Use Case (2017-2030)
- 10.6. Market Revenue, by Vertical (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Component (2017-2030)
- 11.3. Market Revenue, by Deployment Type (2017-2030)
- 11.4. Market Revenue, by Type (2017-2030)
- 11.5. Market Revenue, by Use Case (2017-2030)
- 11.6. Market Revenue, by Vertical (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Component (2017-2030)
- 12.3. Market Revenue, by Deployment Type (2017-2030)
- 12.4. Market Revenue, by Type (2017-2030)
- 12.5. Market Revenue, by Use Case (2017-2030)
- 12.6. Market Revenue, by Vertical (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Component (2017-2030)
- 13.3. Market Revenue, by Deployment Type (2017-2030)
- 13.4. Market Revenue, by Type (2017-2030)
- 13.5. Market Revenue, by Use Case (2017-2030)
- 13.6. Market Revenue, by Vertical (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Component (2017-2030)
- 14.3. Market Revenue, by Deployment Type (2017-2030)
- 14.4. Market Revenue, by Type (2017-2030)
- 14.5. Market Revenue, by Use Case (2017-2030)
- 14.6. Market Revenue, by Vertical (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Component (2017-2030)
- 15.3. Market Revenue, by Deployment Type (2017-2030)
- 15.4. Market Revenue, by Type (2017-2030)
- 15.5. Market Revenue, by Use Case (2017-2030)
- 15.6. Market Revenue, by Vertical (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Component (2017-2030)
- 16.3. Market Revenue, by Deployment Type (2017-2030)
- 16.4. Market Revenue, by Type (2017-2030)
- 16.5. Market Revenue, by Use Case (2017-2030)
- 16.6. Market Revenue, by Vertical (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Component (2017-2030)
- 17.3. Market Revenue, by Deployment Type (2017-2030)
- 17.4. Market Revenue, by Type (2017-2030)
- 17.5. Market Revenue, by Use Case (2017-2030)
- 17.6. Market Revenue, by Vertical (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Component (2017-2030)
- 18.3. Market Revenue, by Deployment Type (2017-2030)
- 18.4. Market Revenue, by Type (2017-2030)
- 18.5. Market Revenue, by Use Case (2017-2030)
- 18.6. Market Revenue, by Vertical (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Component (2017-2030)
- 19.3. Market Revenue, by Deployment Type (2017-2030)
- 19.4. Market Revenue, by Type (2017-2030)
- 19.5. Market Revenue, by Use Case (2017-2030)
- 19.6. Market Revenue, by Vertical (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Component (2017-2030)
- 20.3. Market Revenue, by Deployment Type (2017-2030)
- 20.4. Market Revenue, by Type (2017-2030)
- 20.5. Market Revenue, by Use Case (2017-2030)
- 20.6. Market Revenue, by Vertical (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Component (2017-2030)
- 21.3. Market Revenue, by Deployment Type (2017-2030)
- 21.4. Market Revenue, by Type (2017-2030)
- 21.5. Market Revenue, by Use Case (2017-2030)
- 21.6. Market Revenue, by Vertical (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Component (2017-2030)
- 22.3. Market Revenue, by Deployment Type (2017-2030)
- 22.4. Market Revenue, by Type (2017-2030)
- 22.5. Market Revenue, by Use Case (2017-2030)
- 22.6. Market Revenue, by Vertical (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Component (2017-2030)
- 23.3. Market Revenue, by Deployment Type (2017-2030)
- 23.4. Market Revenue, by Type (2017-2030)
- 23.5. Market Revenue, by Use Case (2017-2030)
- 23.6. Market Revenue, by Vertical (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Component (2017-2030)
- 24.3. Market Revenue, by Deployment Type (2017-2030)
- 24.4. Market Revenue, by Type (2017-2030)
- 24.5. Market Revenue, by Use Case (2017-2030)
- 24.6. Market Revenue, by Vertical (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Component (2017-2030)
- 25.3. Market Revenue, by Deployment Type (2017-2030)
- 25.4. Market Revenue, by Type (2017-2030)
- 25.5. Market Revenue, by Use Case (2017-2030)
- 25.6. Market Revenue, by Vertical (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Component (2017-2030)
- 26.3. Market Revenue, by Deployment Type (2017-2030)
- 26.4. Market Revenue, by Type (2017-2030)
- 26.5. Market Revenue, by Use Case (2017-2030)
- 26.6. Market Revenue, by Vertical (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Component (2017-2030)
- 27.3. Market Revenue, by Deployment Type (2017-2030)
- 27.4. Market Revenue, by Type (2017-2030)
- 27.5. Market Revenue, by Use Case (2017-2030)
- 27.6. Market Revenue, by Vertical (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Component (2017-2030)
- 28.3. Market Revenue, by Deployment Type (2017-2030)
- 28.4. Market Revenue, by Type (2017-2030)
- 28.5. Market Revenue, by Use Case (2017-2030)
- 28.6. Market Revenue, by Vertical (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Adobe Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Secured Signing Limited
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. SIGNiX Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Entrust Corporation
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Ascertia Limited
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. OneSpan Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. DocuSign Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Thales Group
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Zoho Corporation Pvt. Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. DigiCert Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. GlobalSign
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
- 30.12. IdenTrust Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary
- 30.13. Nitro Software Inc.
- 30.13.1. Business overview
- 30.13.2. Product and service offerings
- 30.13.3. Key financial summary
- 30.14. PENNEO A/S
- 30.14.1. Business overview
- 30.14.2. Product and service offerings
- 30.14.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports