Digital Signature Market Size By Component (Hardware, Software, Services), By
End User (BFSI, Human Resources And Legal, Government And Defense,
Manufacturing And Retail, Healthcare), By Geographic Scope And Forecast
Digital Signature Market Size And Forecast
Digital Signature Market size was valued at USD 2.74 Billion in 2020 and is projected to
reach USD 24.21 Billion by 2028, growing at a CAGR of 31.65% from 2021 to 2028.
The key factors contributing to the growth of the market for digital signatures include
rising usage of digital signatures to eradicate fraud, the establishment of the
government paperwork elimination act, and improved security & management by using
the digital signature. In the process of financial transactions or document distribution
across the world, there are high risks associated with fraud or tampering of documents,
which is creating the need for digital signatures. The Global Digital Signature Market
report provides a holistic evaluation of the market. The report offers a comprehensive
analysis of key segments, trends, drivers, restraints, competitive landscape, and factors
that are playing a substantial role in the market.
Global Digital Signature Market Definition
A digital signature is a mathematical technique with the encoded and electronic stamp
of verification on digital documents such as PDF files, word files, and online legal
contract papers. It helps to solve the issue of impression and tempering in digital
communication. It consists of each information of digital document that enables users to
find out the source very quick and easily, identity and status of an electronic document.
A digital signature is operated on the principle of cryptography technology. With proper
authentication, organizations can now send business documents and legal contracts at
less risk. Digital signature offers secured and verified transactions to support the
growing digitized businesses.
Electronic documents are protected by encryption at the sender’s end. To retrieve the