Zion Market Research, the market research group announced the analysis report titled ‘Digital Signature Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024′
Global Digital Signature Market: Overview
The digital signature method is utilized for validation and authentication of software, digital document, or an electronic message. Handwritten signatures are utilized to verify physical documents. In the same way, digital signatures are utilized to verify and consent the content of digital documents, including e-mails, word documents, and portable document format. A digital signature is dependent on encryption and decryption methods. Encryption is the technique of transforming the data into a cipher text via encryption methods, including private or symmetric key encryption and public key encryption. Decryption is the technique of transforming the ciphertext again to the text data via the key granted at the time of encryption. A digital signature consists of digital ID that involves a private key and a public key. The public key is given to the file, whereas the private key functions as a digital document’s digital signature. The public key consists of encrypted code “hash” that confirms the identity and tracks modifications related to the document.
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Global Digital Signature Market: Growth Factors
The key factors contributing to the growth of the market for digital signatures include rising usage of digital signature to eradicate fraud, the establishment of the government paperwork elimination act, and improved security & management by using the digital signature.
Global Digital Signature Market: Segmentation
The global digital signature market is segmented based on deployment model, solution, vertical, and region. The deployment model segment of the market is classified into cloud-based and on-premises. The solution segment of the market is diversified into software and hardware. The vertical segment of the market is divided into BFSI, human resources, legal, government & defense, manufacturing & engineering, healthcare & life sciences, education & research, real estate, and others. The others segment of the market is sub-segmented into energy & utilities, sales & marketing, transit, retail, telecommunications, pharmaceuticals & procurement, and operations. Geographically, the global digital signature market is categorized into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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Global Digital Signature Market: Regional Analysis
North America is anticipated to dominate the global digital signature market in the near future. Europe is expected to grow at a fast pace in the coming period owing to the demand for protected trustworthy transactions, the release of new rules for electronic signatures, and authenticating the individuality of users over a digital network. The Asia-Pacific region is also assumed to grow at a higher rate in the market owing to the developing BFSI sector and initiatives taken by several government organizations to improve the utility of digital technology.
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Global Digital Signature Market: Competitive Players
The prominent players in the global digital signature market are Signix, Secured Signing Limited, Adobe Systems, Inc., Entrust Datacard Corp., and Gemalto, Inc. the other major players in the market are DocuSign, Ascertia, RPost Technologies, eSignLive, Kofax Limited, and IdenTrust, Inc.
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