The North America Digital Signature Market would witness market growth of 30.5% CAGR during the forecast period (2021-2027).
Digital signature is used for the purpose of authenticating and validating digital documents, software, or electronic message. To confirm the authenticity of physical documents, handwritten signatures are used. Similarly, to validate and approve the content of digital documents such as word documents, e-mails, and portable document formats, digital signatures are used. Moreover, methods such as encryption and decryption are used by digital signatures.
Additionally, an electronic document that has an embedded digital signature is approved and can be showcased in court as proof and as any other valid paper document.
In 2000, the US Electronic Signatures in Global and National Commerce (ESIGN) act validated the legality of digital signature in every state and U.S. territory. In addition, Arizona made amendments in its Arizona Electronic Transaction Act (AETA) to include Arizona Revised Statute, which make sure that all the digital signatures and smart contract agreements are protected with the help of block chain technology fall under the domain of AETA. In addition, the US Government rolled out the Integrated Digital Experience (IDEA) Act with an aim to enhance digital services.
Acts like this would prove to be beneficial for the adoption of these signatures across the industries in the country. Hence, these factors would open new growth avenues for the players existing in the regional digital signature market.
The US market dominated the North America Digital Signature Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,476.5 million by 2027. The Canada market is exhibiting a CAGR of 33.5% during (2021 - 2027). Additionally, The Mexico market would showcase a CAGR of 32.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Digital Signature Market is Estimated 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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