Product Code: TIPTE100000939
The electronic signature software market was valued at US$ 3.3 billion in 2022 and is projected to reach US$ 35.7 billion by 2030; it is expected to grow at a CAGR of 34.2% from 2022 to 2030.
The evolving architectures and advanced features of cloud platforms are boosting the adoption of cloud-based solutions in every industry vertical, including the BFSI sector, which is creating lucrative opportunities for the electronic signature software market. Presently, cloud-based electronic signature solutions are being adopted by various banks due to low initial investments and fast updates offered by these solutions, and this trend is anticipated to grow during the forecast period. With investment in cloud-based electronic signature solutions, banks are likely to reduce their operational costs and enhance customer experience, thus increasing productivity and revenues. The complexity and high investment of on-premise solutions are another reason that is boosting the demand for cloud-based electronic signature solutions and hence fueling Cloud's electronic signature software market share. Also, governments of growing nations such as India and China are taking initiatives such as 'Digital India' and 'Made in China 2025 Initiative' respectively, to fuel the adoption of digital services by consumers and industries. Owing to all these positive developments related to the adoption of cloud-based digital signature solutions, the cloud segment electronic signature software market share is expected to bolster during the forecast period.
The integration of AI and blockchain technology in electronic signatures provides tamper-proof security, which creating future trend for the growth of the electronic signature software market. When it comes to e-signing, one of the most common issues is ensuring that signatures originate from the correct individual. This gets considerably easier with blockchain technology. Each block in a blockchain is given a cryptographic hash that uniquely identifies it and every subsequent block in the chain. eSignatures might be recorded on each of these blocks to verify their authenticity, and always know who has signed off on an e-contract or e-document. Blockchain can also aid in the tracking of signatures back to their origin. Electronic signature providers might use blockchain technology to maintain track of when and where e-signatures were made, as well as who made them. Moreover, AI can detect and rectify any flaws in a signature that could lead to a forgery claim; this reduces the possibility of deception. Furthermore, AI algorithms can assist in the matching of handwritten signatures with an individual's previous signatures, a process known as signature verification. This implies it can tell the difference between authentic and false signatures. AI can also detect fake signatures created using copy-and-paste or complex forgeries, lowering the danger of signature fraud. Various players such as Lightico and Inkpaper.ai across the globe provide AI and blockchain integration in electronic signatures. Thus, the integration of AI, blockchain, and advanced technologies will create further opportunities for the electronic signature software market during the forecast period.
Digital signature service provides security to business needs and ensures privacy, security, and enforceability of the transaction. The growth in business is creating several opportunities for the electronic signature software market growth. Several vendors provide end-to-end services and route the document to all those required to sign. The service providers also offer a feature for automatic reminders, which can be sent to people to help them remember to sign. However, the e-signature platform maintains the executed copy on a dashboard so that the users always have the documents available. Several vendors are focusing on offering Software-as-a-Service (SaaS) electronic signature programs, which are usually paid per month and are hosted on the vendor's server. The electronic signature service providers are focusing on offering enhanced services to gain a strong customer base, which ultimately helping to electronic signature software market growth. For instance, eSign is an electronic signature service that can be integrated with application delivery apps through API to make it easier for the user to sign the document digitally. Thus, such instance propelling the electronic signature software market size in forecast period.
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- The key findings and recommendations such as specific country and segmental insight highlights crucial progressive industry trends in the electronic signature software market, thereby allowing players across the value chain to develop effective long-term strategies
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- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Electronic Signature Software Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in Value Chain
5. Electronic Signature Software Market - Key Industry Dynamics
- 5.1 Electronic Signature Software Market - Key Industry Dynamics
- 5.2 Market Drivers
- 5.2.1 Rising Adoption of Digital Technologies by Enterprises
- 5.2.2 Growing Number of Green Initiatives
- 5.2.3 Increasing Use of Electronic Signatures in E-commerce Industry
- 5.3 Market Restraints
- 5.3.1 Variations in Laws and Policies Concerning Electronic Signatures
- 5.4 Market Opportunities
- 5.4.1 Growing Adoption of Cloud-Based Solutions in Banking Industry
- 5.4.2 Integration of AI, Blockchain, and Advanced Technologies
- 5.5 Future Trends
- 5.5.1 High Implementation of Electronic Signatures Across SMEs
- 5.6 Impact of Drivers and Restraints:
6. Electronic Signature Software Market - Global Market Analysis
- 6.1 Electronic Signature Software Market Revenue (US$ Million), 2022 - 2030
- 6.2 Electronic Signature Software Market Forecast and Analysis
7. Electronic Signature Software Market Analysis - Component
- 7.1 Solution
- 7.1.1 Overview
- 7.1.2 Solution Market, Revenue and Forecast to 2030 (US$ Million)
- 7.2 Services
- 7.2.1 Overview
- 7.2.2 Services Market, Revenue and Forecast to 2030 (US$ Million)
8. Electronic Signature Software Market Analysis - Deployment
- 8.1 Cloud
- 8.1.1 Overview
- 8.1.2 Cloud Market, Revenue and Forecast to 2030 (US$ Million)
- 8.2 On-Premise
- 8.2.1 Overview
- 8.2.2 On-Premise Market, Revenue and Forecast to 2030 (US$ Million)
9. Electronic Signature Software Market Analysis - Method
- 9.1 General Electronic Signature
- 9.1.1 Overview
- 9.1.2 General Electronic Signature Software Market, Revenue and Forecast to 2030 (US$ Million)
- 9.2 Qualified Electronic Signature
- 9.2.1 Overview
- 9.2.2 Qualified Electronic Signature Software Market, Revenue and Forecast to 2030 (US$ Million)
- 9.3 Advanced Electronic Signature
- 9.3.1 Overview
- 9.3.2 Advanced Electronic Signature Software Market, Revenue and Forecast to 2030 (US$ Million)
10. Electronic Signature Software Market Analysis - End-User
- 10.1 Manufacturing
- 10.1.1 Overview
- 10.1.2 Manufacturing Market, Revenue and Forecast to 2030 (US$ Million)
- 10.2 BFSI
- 10.2.1 Overview
- 10.2.2 BFSI Market, Revenue and Forecast to 2030 (US$ Million)
- 10.3 Pharmaceuticals
- 10.3.1 Overview
- 10.3.2 Pharmaceuticals Market, Revenue and Forecast to 2030 (US$ Million)
- 10.4 Government Agencies
- 10.4.1 Overview
- 10.4.2 Government Agencies Market, Revenue and Forecast to 2030 (US$ Million)
- 10.5 Legal
- 10.5.1 Overview
- 10.5.2 Legal Market, Revenue and Forecast to 2030 (US$ Million)
- 10.6 Others
- 10.6.1 Overview
- 10.6.2 Others Market Revenue, and Forecast to 2030 (US$ Million)
11. Electronic Signature Software Market - Geographical Analysis
- 11.1 Overview
- 11.2 North America: Electronic Signature Software Market
- 11.2.1 North America: Revenue, and Forecast to 2030 (US$ Million)
- 11.2.2 North America: Electronic Signature Software Market, by Component
- 11.2.3 North America: Electronic Signature Software Market, by Deployment
- 11.2.4 North America: Electronic Signature Software Market, by Method
- 11.2.5 North America: Electronic Signature Software Market, by End-User
- 11.2.6 North America: Electronic Signature Software Market, by Key Country
- 11.2.6.1 US: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.2.6.1.1 US Electronic Signature Software Market Breakdown by Component
- 11.2.6.1.2 US Electronic Signature Software Market Breakdown by Deployment
- 11.2.6.1.3 US Electronic Signature Software Market Breakdown by Method
- 11.2.6.1.4 US Electronic Signature Software Market Breakdown by End-User
- 11.2.6.2 Canada: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.2.6.2.1 Canada Electronic Signature Software Market Breakdown by Component
- 11.2.6.2.2 Canada Electronic Signature Software Market Breakdown by Deployment
- 11.2.6.2.3 Canada Electronic Signature Software Market Breakdown by Method
- 11.2.6.2.4 Canada Electronic Signature Software Market Breakdown by End-User
- 11.2.6.3 Mexico: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.2.6.3.1 Mexico Electronic Signature Software Market Breakdown by Component
- 11.2.6.3.2 Mexico Electronic Signature Software Market Breakdown by Deployment
- 11.2.6.3.3 Mexico Electronic Signature Software Market Breakdown by Method
- 11.2.6.3.4 Mexico Electronic Signature Software Market Breakdown by End-User
- 11.3 Europe: Electronic Signature Software Market
- 11.3.1 Europe: Revenue, and Forecast to 2030 (US$ Million)
- 11.3.2 Europe: Electronic Signature Software Market, by Component
- 11.3.3 Europe: Electronic Signature Software Market, by Deployment
- 11.3.4 Europe: Electronic Signature Software Market, by Method
- 11.3.5 Europe: Electronic Signature Software Market, by End-User
- 11.3.6 Europe: Electronic Signature Software Market, by Key Country
- 11.3.6.1 Germany: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.1.1 Germany Electronic Signature Software Market Breakdown by Component
- 11.3.6.1.2 Germany Electronic Signature Software Market Breakdown by Deployment
- 11.3.6.1.3 Germany Electronic Signature Software Market Breakdown by Method
- 11.3.6.1.4 Germany Electronic Signature Software Market Breakdown by End-User
- 11.3.6.2 UK: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.2.1 UK Electronic Signature Software Market Breakdown by Component
- 11.3.6.2.2 UK Electronic Signature Software Market Breakdown by Deployment
- 11.3.6.2.3 UK Electronic Signature Software Market Breakdown by Method
- 11.3.6.2.4 UK Electronic Signature Software Market Breakdown by End-User
- 11.3.6.3 France: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.3.1 France Electronic Signature Software Market Breakdown by Component
- 11.3.6.3.2 France Electronic Signature Software Market Breakdown by Deployment
- 11.3.6.3.3 France Electronic Signature Software Market Breakdown by Method
- 11.3.6.3.4 France Electronic Signature Software Market Breakdown by End-User
- 11.3.6.4 Italy: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.4.1 Italy Electronic Signature Software Market Breakdown by Component
- 11.3.6.4.2 Italy Electronic Signature Software Market Breakdown by Deployment
- 11.3.6.4.3 Italy Electronic Signature Software Market Breakdown by Method
- 11.3.6.4.4 Italy Electronic Signature Software Market Breakdown by End-User
- 11.3.6.5 Russia: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.5.1 Russia Electronic Signature Software Market Breakdown by Component
- 11.3.6.5.2 Russia Electronic Signature Software Market Breakdown by Deployment
- 11.3.6.5.3 Russia Electronic Signature Software Market Breakdown by Method
- 11.3.6.5.4 Russia Electronic Signature Software Market Breakdown by End-User
- 11.3.6.6 Rest of Europe: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.3.6.6.1 Rest of Europe Electronic Signature Software Market Breakdown by Component
- 11.3.6.6.2 Rest of Europe Electronic Signature Software Market Breakdown by Deployment
- 11.3.6.6.3 Rest of Europe Electronic Signature Software Market Breakdown by Method
- 11.3.6.6.4 Rest of Europe Electronic Signature Software Market Breakdown by End-User
- 11.4 APAC: Electronic Signature Software Market
- 11.4.1 APAC: Revenue, and Forecast to 2030 (US$ Million)
- 11.4.2 APAC: Electronic Signature Software Market, by Component
- 11.4.3 APAC: Electronic Signature Software Market, by Deployment
- 11.4.4 APAC: Electronic Signature Software Market, by Method
- 11.4.5 APAC: Electronic Signature Software Market, by End-User
- 11.4.6 APAC: Electronic Signature Software Market, by Key Country
- 11.4.6.1 China: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.1.1 China Electronic Signature Software Market Breakdown by Component
- 11.4.6.1.2 China Electronic Signature Software Market Breakdown by Deployment
- 11.4.6.1.3 China Electronic Signature Software Market Breakdown by Method
- 11.4.6.1.4 China Electronic Signature Software Market Breakdown by End-User
- 11.4.6.2 Japan: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.2.1 Japan Electronic Signature Software Market Breakdown by Component
- 11.4.6.2.2 Japan Electronic Signature Software Market Breakdown by Deployment
- 11.4.6.2.3 Japan Electronic Signature Software Market Breakdown by Method
- 11.4.6.2.4 Japan Electronic Signature Software Market Breakdown by End-User
- 11.4.6.3 South Korea: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.3.1 South Korea Electronic Signature Software Market Breakdown by Component
- 11.4.6.3.2 South Korea Electronic Signature Software Market Breakdown by Deployment
- 11.4.6.3.3 South Korea Electronic Signature Software Market Breakdown by Method
- 11.4.6.3.4 South Korea Electronic Signature Software Market Breakdown by End-User
- 11.4.6.4 India: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.4.1 India Electronic Signature Software Market Breakdown by Component
- 11.4.6.4.2 India Electronic Signature Software Market Breakdown by Deployment
- 11.4.6.4.3 India Electronic Signature Software Market Breakdown by Method
- 11.4.6.4.4 India Electronic Signature Software Market Breakdown by End-User
- 11.4.6.5 Australia: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.5.1 Australia Electronic Signature Software Market Breakdown by Component
- 11.4.6.5.2 Australia Electronic Signature Software Market Breakdown by Deployment
- 11.4.6.5.3 Australia Electronic Signature Software Market Breakdown by Method
- 11.4.6.5.4 Australia Electronic Signature Software Market Breakdown by End-User
- 11.4.6.6 Rest of APAC: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.4.6.6.1 Rest of APAC Electronic Signature Software Market Breakdown by Component
- 11.4.6.6.2 Rest of APAC Electronic Signature Software Market Breakdown by Deployment
- 11.4.6.6.3 Rest of APAC Electronic Signature Software Market Breakdown by Method
- 11.4.6.6.4 Rest of APAC Electronic Signature Software Market Breakdown by End-User
- 11.5 MEA: Electronic Signature Software Market
- 11.5.1 MEA: Revenue, and Forecast to 2030 (US$ Million)
- 11.5.2 MEA: Electronic Signature Software Market, by Component
- 11.5.3 MEA: Electronic Signature Software Market, by Deployment
- 11.5.4 MEA: Electronic Signature Software Market, by Method
- 11.5.5 MEA: Electronic Signature Software Market, by End-User
- 11.5.6 MEA: Electronic Signature Software Market, by Key Country
- 11.5.6.1 Saudi Arabia: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.1.1 Saudi Arabia Electronic Signature Software Market Breakdown by Component
- 11.5.6.1.2 Saudi Arabia Electronic Signature Software Market Breakdown by Deployment
- 11.5.6.1.3 Saudi Arabia Electronic Signature Software Market Breakdown by Method
- 11.5.6.1.4 Saudi Arabia Electronic Signature Software Market Breakdown by End-User
- 11.5.6.2 UAE: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.2.1 UAE Electronic Signature Software Market Breakdown by Component
- 11.5.6.2.2 UAE Electronic Signature Software Market Breakdown by Deployment
- 11.5.6.2.3 UAE Electronic Signature Software Market Breakdown by Method
- 11.5.6.2.4 UAE Electronic Signature Software Market Breakdown by End-User
- 11.5.6.3 South Africa: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.3.1 South Africa Electronic Signature Software Market Breakdown by Component
- 11.5.6.3.2 South Africa Electronic Signature Software Market Breakdown by Deployment
- 11.5.6.3.3 South Africa Electronic Signature Software Market Breakdown by Method
- 11.5.6.3.4 South Africa Electronic Signature Software Market Breakdown by End-User
- 11.5.6.4 Rest of MEA: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.5.6.4.1 Rest of MEA Electronic Signature Software Market Breakdown by Component
- 11.5.6.4.2 Rest of MEA Electronic Signature Software Market Breakdown by Deployment
- 11.5.6.4.3 Rest of MEA Electronic Signature Software Market Breakdown by Method
- 11.5.6.4.4 Rest of MEA Electronic Signature Software Market Breakdown by End-User
- 11.6 SAM: Electronic Signature Software Market
- 11.6.1 SAM: Revenue, and Forecast to 2030 (US$ Million)
- 11.6.2 SAM: Electronic Signature Software Market, by Component
- 11.6.3 SAM: Electronic Signature Software Market, by Deployment
- 11.6.4 SAM: Electronic Signature Software Market, by Method
- 11.6.5 SAM: Electronic Signature Software Market, by End-User
- 11.6.6 SAM: Electronic Signature Software Market, by Key Country
- 11.6.6.1 Brazil: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.6.6.1.1 Brazil Electronic Signature Software Market Breakdown by Component
- 11.6.6.1.2 Brazil Electronic Signature Software Market Breakdown by Deployment
- 11.6.6.1.3 Brazil Electronic Signature Software Market Breakdown by Method
- 11.6.6.1.4 Brazil Electronic Signature Software Market Breakdown by End-User
- 11.6.6.2 Argentina: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.6.6.2.1 Argentina Electronic Signature Software Market Breakdown by Component
- 11.6.6.2.2 Argentina Electronic Signature Software Market Breakdown by Deployment
- 11.6.6.2.3 Argentina Electronic Signature Software Market Breakdown by Method
- 11.6.6.2.4 Argentina Electronic Signature Software Market Breakdown by End-User
- 11.6.6.3 Rest of SAM: Electronic Signature Software Market - Revenue, and Forecast to 2030 (US$ Million)
- 11.6.6.3.1 Rest of SAM Electronic Signature Software Market Breakdown by Component
- 11.6.6.3.2 Rest of SAM Electronic Signature Software Market Breakdown by Deployment
- 11.6.6.3.3 Rest of SAM Electronic Signature Software Market Breakdown by Method
- 11.6.6.3.4 Rest of SAM Electronic Signature Software Market Breakdown by End-User
12. Electronic Signature Software Market - Impact of COVID-19 Pandemic
- 12.1 Pre & Post Covid-19 Impact
13. Competitive Landscape
- 13.1 Heat Map Analysis by Key Players
- 13.2 Company Positioning & Concentration
14. Industry Landscape
- 14.1 Overview
- 14.2 Market Initiative
- 14.3 Product Development
- 14.4 Mergers & Acquisitions
15. Company Profiles
- 15.1 Adobe Inc
- 15.1.1 Key Facts
- 15.1.2 Business Description
- 15.1.3 Products and Services
- 15.1.4 Financial Overview
- 15.1.5 SWOT Analysis
- 15.1.6 Key Developments
- 15.2 DocuSign Inc.
- 15.2.1 Key Facts
- 15.2.2 Business Description
- 15.2.3 Products and Services
- 15.2.4 Financial Overview
- 15.2.5 SWOT Analysis
- 15.2.6 Key Developments
- 15.3 HID Global Corporation
- 15.3.1 Key Facts
- 15.3.2 Business Description
- 15.3.3 Products and Services
- 15.3.4 Financial Overview
- 15.3.5 SWOT Analysis
- 15.3.6 Key Developments
- 15.4 Legalesign Ltd.
- 15.4.1 Key Facts
- 15.4.2 Business Description
- 15.4.3 Products and Services
- 15.4.4 Financial Overview
- 15.4.5 SWOT Analysis
- 15.4.6 Key Developments
- 15.5 OneSpan Inc
- 15.5.1 Key Facts
- 15.5.2 Business Description
- 15.5.3 Products and Services
- 15.5.4 Financial Overview
- 15.5.5 SWOT Analysis
- 15.5.6 Key Developments
- 15.6 RPost
- 15.6.1 Key Facts
- 15.6.2 Business Description
- 15.6.3 Products and Services
- 15.6.4 Financial Overview
- 15.6.5 SWOT Analysis
- 15.6.6 Key Developments
- 15.7 Thales SA
- 15.7.1 Key Facts
- 15.7.2 Business Description
- 15.7.3 Products and Services
- 15.7.4 Financial Overview
- 15.7.5 SWOT Analysis
- 15.7.6 Key Developments
- 15.8 U-Sign-It Pty Ltd
- 15.8.1 Key Facts
- 15.8.2 Business Description
- 15.8.3 Products and Services
- 15.8.4 Financial Overview
- 15.8.5 SWOT Analysis
- 15.8.6 Key Developments
- 15.9 Zoho Corporation Pvt Ltd
- 15.9.1 Key Facts
- 15.9.2 Business Description
- 15.9.3 Products and Services
- 15.9.4 Financial Overview
- 15.9.5 SWOT Analysis
- 15.9.6 Key Developments
- 15.10 Altron Ltd
- 15.10.1 Key Facts
- 15.10.2 Business Description
- 15.10.3 Products and Services
- 15.10.4 Financial Overview
- 15.10.5 SWOT Analysis
- 15.10.6 Key Developments
16. Appendix
- 16.1 About The Insight Partners
- 16.2 Word Index