The Asia Pacific Digital Signature Market would witness market growth of 34.7% CAGR during the forecast period (2021-2027).
Digital signatures have witnessed a higher and rapid rate of adoption, as they increase the authority and security of any electronic document of the sender. Digital signature is the process of acquiring the public and private key and the digital certificate by paying extra costs. Due to this, many small and medium enterprises can face financial difficulties in the coming years.
Several industry workflow systems would be revolutionized by the rapid rate of digitalization. In addition, the growth of the digital signature market would be driven by the rise in the adoption rate of dematerialization by many companies.
Andhra Pradesh, a state in India has decided to enhance citizen access to digital land records with WebLand (webland.ap.gov.in), a completely new service. In addition, the state also approved digital signatures on legal records. China released the Electronic Signature Law in 2005 and made amendments in 2015, which offers legal grounds to ensure the authenticity of electronic legal documents.
Additionally, digital signatures are expected to be integrated into enterprise resource planning (ERP), customer relationship management, and others. The digital signature has already found its applications in several industries and would increase at a rapid pace as this cut down the time required for documentation in organizations. Therefore, these factors are expected to open new growth avenues for the players operating in the regional digital signature market during the forecasting period.
The China market dominated the Asia Pacific BFSI Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $484.4 million by 2027. The Japan market is anticipated to grow at a CAGR of 32.4% during (2021 - 2027). Additionally, The India market would experience a CAGR of 33.9% during (2021 - 2027).
Based on Component, the market is segmented into Solutions and Services. Based on organization size, the market is segmented into large enterprise and Small & medium enterprise. Based on Deployment Mode the market is segmented into On premises and Cloud. Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Energy & Utilities, Education and Legal, Telecom & IT, Government & Public Sector, and Hardware. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Digital Signature Market is Projected to reach USD 20.62 billion by 2027, at a CAGR of 32.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Docusign, Inc., Secured Signing Limited, OneSpan, Inc., DigiCert, Inc., Zoho Corporation Pvt. ltd., Thales Group S.A., Adobe, Inc., Entrust Corporation, and GMO GlobalSign Pte. Ltd. (GMO Internet, Inc.)
By Component
By Organization Size
By Deployment Mode
By End User
By Country
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