The North America Digital Transaction Management Market would witness market growth of 23.7% CAGR during the forecast period (2021-2027).
With the rapid advancement of technology, it is necessary to incorporate it into all aspects of business operations. Transactions are the most difficult and important of all. As a result, all industries, including banking, have adopted Digital Transaction Management. This method has been shown to reduce monetary transaction costs, time, and efficiency.
Without the need for currency, a Digital Transaction might include one or more parties in the transaction. Signatures and papers are no longer required for transactions using this approach. The rapidly increasing influence of online transactions has opened the road for this market's expansion. By the day, the financial divisions are drifting toward this system. Cyber-attacks and digital duplicity, on the other hand, pose a hazard to the Digital Transaction system.
As a result of the rising shift of organisations toward cloud usage, exponential mobile use, and the existence of key players with considerable market share, North America owns a significant part of the market. North America is expected to become the most cloud-ready market by 2021, according to Cisco. Government initiatives connected to e-signatures, like the Uniform Electronic Transactions Act (UETA) and the Electronic Signatures in Global and National Commerce Act (E-SIGN), allow for e-signatures to be used for every transaction, hence pushing the industry. E-signatures are also encouraged through trade agreements like the United States-Mexico-Canada Agreement (USMCA).
To stay competitive in the industry, a number of major suppliers are launching new products. The firms have collaborated on technology breakthroughs such as Mitek's Check Intelligence, a signature verification platform located in the United States, which was launched in June 2021. With such fast technological innovation, the government's Improving Digital Identity Act of 2020 has tightened regulation.
The US market dominated the North America Digital Transaction Management Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $7,484.6 million by 2027. The Canada market is poised to grow at a CAGR of 26.5% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 25.4% during (2021 - 2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Vertical, the market is segmented into BFSI, IT & Telecom, Government, Retail, Healthcare, Real Estate, Utilities and others. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Solution, the market is segmented into Electronic Signatures, Workflow Automation, Authentication, Document Archival and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Digital Transaction Management Market is Estimated to reach $30.5 Billion by 2027, at a CAGR of 25.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ascertia, DocuFirst, eDoc Innovations, Inc., Docusign, Inc., OneSpan, Inc., Entrust Corporation, Kofax, Inc., Nintex, Inc., Wolters Kluwer N.V., and Adobe, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
- Hardware
- Software
- Services
By Vertical
- BFSI
- IT & Telecom
- Government
- Retail
- Healthcare
- Real Estate
- Utilities
- others
By Organization Size
- Large Enterprises
- Small & Medium Enterprises
By Solution
- Electronic Signatures
- Workflow Automation
- Authentication
- Document Archival
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Ascertia
- DocuFirst
- eDoc Innovations, Inc.
- Docusign, Inc.
- OneSpan, Inc.
- Entrust Corporation
- Kofax, Inc.
- Nintex, Inc.
- Wolters Kluwer N.V.
- Adobe, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Digital Transaction Management Market, by Component
1.4.2 Europe Digital Transaction Management Market, by Vertical
1.4.3 Europe Digital Transaction Management Market, by Organization Size
1.4.4 Europe Digital Transaction Management Market, by Solution
1.4.5 Europe Digital Transaction Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2017, Jun – 2021, Sep) Leading Players
Chapter 4. Europe Digital Transaction Management Market by Component
4.1 Europe Hardware Market by Country
4.2 Europe Software Market by Country
4.3 Europe Services Market by Country
Chapter 5. Europe Digital Transaction Management Market by Vertical
5.1 Europe BFSI Market by Country
5.2 Europe IT & Telecom Market by Country
5.3 Europe Government Market by Country
5.4 Europe Retail Market by Country
5.5 Europe Healthcare Market by Country
5.6 Europe Real Estate Market by Country
5.7 Europe Utilities Market by Country
5.8 Europe Other Vertical Market by Country
Chapter 6. Europe Digital Transaction Management Market by Organization Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe Small & Medium Enterprises Market by Country
Chapter 7. Europe Digital Transaction Management Market by Solution
7.1 Europe Electronic Signatures Market by Country
7.2 Europe Workflow Automation Market by Country
7.3 Europe Authentication Market by Country
7.4 Europe Document Archival Market by Country
7.5 Europe Others Market by Country
Chapter 8. Europe Digital Transaction Management Market by Country
8.1 Germany Digital Transaction Management Market
8.1.1 Germany Digital Transaction Management Market by Component
8.1.2 Germany Digital Transaction Management Market by Vertical
8.1.3 Germany Digital Transaction Management Market by Organization Size
8.1.4 Germany Digital Transaction Management Market by Solution
8.2 UK Digital Transaction Management Market
8.2.1 UK Digital Transaction Management Market by Component
8.2.2 UK Digital Transaction Management Market by Vertical
8.2.3 UK Digital Transaction Management Market by Organization Size
8.2.4 UK Digital Transaction Management Market by Solution
8.3 France Digital Transaction Management Market
8.3.1 France Digital Transaction Management Market by Component
8.3.2 France Digital Transaction Management Market by Vertical
8.3.3 France Digital Transaction Management Market by Organization Size
8.3.4 France Digital Transaction Management Market by Solution
8.4 Russia Digital Transaction Management Market
8.4.1 Russia Digital Transaction Management Market by Component
8.4.2 Russia Digital Transaction Management Market by Vertical
8.4.3 Russia Digital Transaction Management Market by Organization Size
8.4.4 Russia Digital Transaction Management Market by Solution
8.5 Spain Digital Transaction Management Market
8.5.1 Spain Digital Transaction Management Market by Component
8.5.2 Spain Digital Transaction Management Market by Vertical
8.5.3 Spain Digital Transaction Management Market by Organization Size
8.5.4 Spain Digital Transaction Management Market by Solution
8.6 Italy Digital Transaction Management Market
8.6.1 Italy Digital Transaction Management Market by Component
8.6.2 Italy Digital Transaction Management Market by Vertical
8.6.3 Italy Digital Transaction Management Market by Organization Size
8.6.4 Italy Digital Transaction Management Market by Solution
8.7 Rest of Europe Digital Transaction Management Market
8.7.1 Rest of Europe Digital Transaction Management Market by Component
8.7.2 Rest of Europe Digital Transaction Management Market by Vertical
8.7.3 Rest of Europe Digital Transaction Management Market by Organization Size
8.7.4 Rest of Europe Digital Transaction Management Market by Solution
Chapter 9. Company Profiles
9.1 Ascertia
9.1.1 Company Overview
9.1.2 Recent strategies and developments:
9.1.2.1 Partnerships, Collaborations, and Agreements:
9.2 DocuFirst
9.2.1 Company Overview
9.2.2 Recent strategies and developments:
9.2.2.1 Partnerships, Collaborations, and Agreements:
9.3 eDoc Innovations, Inc.
9.3.1 Company Overview
9.4 Docusign, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Partnerships, Collaborations, and Agreements:
9.4.5.2 Acquisition and Mergers:
9.5 OneSpan, Inc.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.6 Entrust Corporation
9.6.2 Recent strategies and developments:
9.6.2.1 Partnerships, Collaborations, and Agreements:
9.6.2.2 Product Launches and Product Expansions:
9.6.2.3 Acquisition and Mergers:
9.7 Kofax, Inc. (Thoma Bravo LLC)
9.7.1 Company Overview
9.7.2 Recent strategies and developments:
9.7.2.1 Product Launches and Product Expansions:
9.7.2.2 Acquisition and Mergers:
9.8 Nintex, Inc.
9.8.1 Company Overview
9.8.2 Recent strategies and developments:
9.8.2.1 Partnerships, Collaborations, and Agreements:
9.8.2.2 Acquisition and Mergers:
9.9 Wolters Kluwer N.V.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Recent strategies and developments:
9.9.4.1 Partnerships, Collaborations, and Agreements:
9.9.4.2 Acquisition and Mergers:
9.10. Adobe, Inc.
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 Recent strategies and developments:
9.10.5.1 Partnerships, Collaborations, and Agreements:
9.10.5.2 Product Launches and Product Expansions:
9.10.5.3 Acquisition and Mergers:
9.10.6 SWOT Analysis
TABLE 1 Europe Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 2 Europe Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Digital Transaction Management Market
TABLE 4 Product Launches And Product Expansions– Digital Transaction Management Market
TABLE 5 Acquisition and Mergers– Digital Transaction Management Market
TABLE 6 Europe Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 7 Europe Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 8 Europe Hardware Market by Country, 2017 - 2020, USD Million
TABLE 9 Europe Hardware Market by Country, 2021 - 2027, USD Million
TABLE 10 Europe Software Market by Country, 2017 - 2020, USD Million
TABLE 11 Europe Software Market by Country, 2021 - 2027, USD Million
TABLE 12 Europe Services Market by Country, 2017 - 2020, USD Million
TABLE 13 Europe Services Market by Country, 2021 - 2027, USD Million
TABLE 14 Europe Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 15 Europe Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 16 Europe BFSI Market by Country, 2017 - 2020, USD Million
TABLE 17 Europe BFSI Market by Country, 2021 - 2027, USD Million
TABLE 18 Europe IT & Telecom Market by Country, 2017 - 2020, USD Million
TABLE 19 Europe IT & Telecom Market by Country, 2021 - 2027, USD Million
TABLE 20 Europe Government Market by Country, 2017 - 2020, USD Million
TABLE 21 Europe Government Market by Country, 2021 - 2027, USD Million
TABLE 22 Europe Retail Market by Country, 2017 - 2020, USD Million
TABLE 23 Europe Retail Market by Country, 2021 - 2027, USD Million
TABLE 24 Europe Healthcare Market by Country, 2017 - 2020, USD Million
TABLE 25 Europe Healthcare Market by Country, 2021 - 2027, USD Million
TABLE 26 Europe Real Estate Market by Country, 2017 - 2020, USD Million
TABLE 27 Europe Real Estate Market by Country, 2021 - 2027, USD Million
TABLE 28 Europe Utilities Market by Country, 2017 - 2020, USD Million
TABLE 29 Europe Utilities Market by Country, 2021 - 2027, USD Million
TABLE 30 Europe Other Vertical Market by Country, 2017 - 2020, USD Million
TABLE 31 Europe Other Vertical Market by Country, 2021 - 2027, USD Million
TABLE 32 Europe Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 33 Europe Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 34 Europe Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 35 Europe Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 36 Europe Small & Medium Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 37 Europe Small & Medium Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 38 Europe Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 39 Europe Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 40 Europe Electronic Signatures Market by Country, 2017 - 2020, USD Million
TABLE 41 Europe Electronic Signatures Market by Country, 2021 - 2027, USD Million
TABLE 42 Europe Workflow Automation Market by Country, 2017 - 2020, USD Million
TABLE 43 Europe Workflow Automation Market by Country, 2021 - 2027, USD Million
TABLE 44 Europe Authentication Market by Country, 2017 - 2020, USD Million
TABLE 45 Europe Authentication Market by Country, 2021 - 2027, USD Million
TABLE 46 Europe Document Archival Market by Country, 2017 - 2020, USD Million
TABLE 47 Europe Document Archival Market by Country, 2021 - 2027, USD Million
TABLE 48 Europe Others Market by Country, 2017 - 2020, USD Million
TABLE 49 Europe Others Market by Country, 2021 - 2027, USD Million
TABLE 50 Europe Digital Transaction Management Market by Country, 2017 - 2020, USD Million
TABLE 51 Europe Digital Transaction Management Market by Country, 2021 - 2027, USD Million
TABLE 52 Germany Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 53 Germany Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 54 Germany Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 55 Germany Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 56 Germany Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 57 Germany Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 58 Germany Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 59 Germany Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 60 Germany Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 61 Germany Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 62 UK Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 63 UK Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 64 UK Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 65 UK Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 66 UK Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 67 UK Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 68 UK Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 69 UK Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 70 UK Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 71 UK Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 72 France Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 73 France Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 74 France Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 75 France Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 76 France Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 77 France Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 78 France Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 79 France Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 80 France Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 81 France Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 82 Russia Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 83 Russia Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 84 Russia Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 85 Russia Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 86 Russia Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 87 Russia Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 88 Russia Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 89 Russia Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 90 Russia Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 91 Russia Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 92 Spain Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 93 Spain Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 94 Spain Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 95 Spain Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 96 Spain Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 97 Spain Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 98 Spain Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 99 Spain Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 100 Spain Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 101 Spain Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 102 Italy Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 103 Italy Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 104 Italy Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 105 Italy Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 106 Italy Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 107 Italy Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 108 Italy Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 109 Italy Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 110 Italy Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 111 Italy Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 112 Rest of Europe Digital Transaction Management Market, 2017 - 2020, USD Million
TABLE 113 Rest of Europe Digital Transaction Management Market, 2021 - 2027, USD Million
TABLE 114 Rest of Europe Digital Transaction Management Market by Component, 2017 - 2020, USD Million
TABLE 115 Rest of Europe Digital Transaction Management Market by Component, 2021 - 2027, USD Million
TABLE 116 Rest of Europe Digital Transaction Management Market by Vertical, 2017 - 2020, USD Million
TABLE 117 Rest of Europe Digital Transaction Management Market by Vertical, 2021 - 2027, USD Million
TABLE 118 Rest of Europe Digital Transaction Management Market by Organization Size, 2017 - 2020, USD Million
TABLE 119 Rest of Europe Digital Transaction Management Market by Organization Size, 2021 - 2027, USD Million
TABLE 120 Rest of Europe Digital Transaction Management Market by Solution, 2017 - 2020, USD Million
TABLE 121 Rest of Europe Digital Transaction Management Market by Solution, 2021 - 2027, USD Million
TABLE 122 Key information – Ascertia
TABLE 123 Key information – DocuFirst
TABLE 124 Key information – eDoc innovations inc.
TABLE 125 Key information – DOCUSIGN, INC.
TABLE 126 Key information – OneSpan, Inc.
TABLE 129 Key Information – Nintex, Inc.
TABLE 130 Key information – Wolters Kluwer N.V.
TABLE 131 Key Information – Adobe, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Acquisitions and Mergers: 2017, Jun – 2021, Sep) Leading Players
FIG 5 Recent strategies and developments: Docusign, Inc.
FIG 6 Recent strategies and developments: Entrust Corporation
FIG 7 Recent strategies and developments: Kofax, Inc.
FIG 8 Recent strategies and developments: Nintex, Inc.
FIG 9 Recent strategies and developments: Wolters Kluwer N.V.
FIG 10 Recent strategies and developments: Adobe, Inc.
FIG 11 SWOT Analysis: Adobe, inc.