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Latin America and Europe Digital Signature Market Size By Component (Software, Hardware, and Services), By End User (BFSI, Government & Defense, Healthcare), By Geographic Scope And Forecast


Published on: 2024-08-15 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Latin America and Europe Digital Signature Market Size By Component (Software, Hardware, and Services), By End User (BFSI, Government & Defense, Healthcare), By Geographic Scope And Forecast

Latin America and Europe Digital Signature Market Size And Forecast

Latin America Digital Signature Market size was valued at USD 940.99 Million in 2020 and is projected to reach USD 8731.64 Million by 2028, growing at a CAGR of 31.23% from 2021 to 2028. Europe Digital Signature Market size was valued at USD 264.67 Million in 2020 and is projected to reach USD 1543.45 Million by 2028, growing at a CAGR of 24.19% from 2021 to 2028.

The growing demand for e-businesses and paperless workflow is one of the major factors likely to drive the digital signature market. The Latin America and Europe 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.

What is Digital Signature?

A digital signature is a mathematical method with the encoded and electronic stamp of verification on digital documents such as word files, PDF files, and online legal contract papers. It helps to solve the issue of impression and tempering in digital communication. A digital signature consists of each & every piece of information of a digital document that enables users to find out the source very quickly and easily. It works on the principle of cryptography technology. Now, organizations can send business documents and legal contracts at less risk with proper authentication. In order to support the growing digitized businesses, digital signature offers secured and transactions.

Latin America and Europe Digital Signature Market Overview

The growing demand for e-businesses and paperless workflow is one of the major factors likely to drive the digital signature market. Digital signature solutions are helping industries such as retail, BFSI, healthcare, government, IT & telecom to reduce operational costs. Its implementation is offering a competitive edge to enterprises across the industries. Increasing adoption of smartphones and growing penetration of the internet around the world are some of the significant factors affecting the growth of the digital signature market in given analysis period. However, lack of knowledge and security concerns are restraining the growth of the market.

Latin America and Europe Digital Signature MarketSegmentation Analysis

The Latin America and Europe Digital Signature Market is segmented on the basis of Component, End User, and Geography.

Latin America and Europe Digital Signature Market, By End User

• BFSI• Government & Defense• Healthcare• Human Resources and Legal• Manufacturing & Retail• Others

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Based on End User, the market is bifurcated into BFSI, Government & Defense, Healthcare, Human Resources and Legal, Manufacturing & Retail, and Others. BFSI accounted for the largest market share in 2020. The banking sector as well as financial institutions are using digital signatures for their advanced securities measures.

Latin America and Europe Digital Signature Market, By Component

• Software• Hardware• Services

To Get Summarized Market Report By Component-

On the basis of Component, the Latin America and Europe Digital Signature Market has been segmented into Software, Hardware, and Services. Software accounted for the largest market share in 2020. The increasing implementation of the paperless work process is expected to boost software implementation.

Latin America Digital Signature Market, By Geography

• Mexico• Brazil• Argentina• Colombia• Chile• Peru• Rest of Latin America

On the basis of regional analysis, the Latin America Digital Signature Market is classified into Mexico, Brazil, Argentina, Colombia, Chile, Peru, and Rest of Latin America. Mexico is expected to hold the largest market share of the Digital Signature over the forecast period followed by Brazil.

Europe Digital Signature Market, By Geography

• Germany• Portugal• Spain• Rest of Europe

On the basis of regional analysis, the Europe Digital Signature Market is classified into Germany, Portugal, Spain, and Rest of Europe. Germany is expected to hold the largest market share of the Digital Signature over the forecast period followed by Portugal.

Key Players

The “Latin America and Europe Digital Signature Market” study report will provide a valuable insight with an emphasis on the market including some of the major players are DocuSign, Inc., Adobe Systems, Inc., OneSpan, THALES GROUP, Signix, Entrust Datacard Corp., Secured Signing Limited, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Key Developments

Company Name

Key Development

Description

DocuSign, IncAcquisition• DocuSign acquired Liveoak Technologies for utilizing its video collaboration tool for online notarization along with DocuSign’s eSign technology, resulting, live video, collaboration tooling and identity verification that enables parties to get notarized approval
Thales GroupAcquisition• Thales Group acquired Gemalto, thereby, covering the critical decision chain in a digital world, from data generation via sensors, to real-time decision support.• The acquisition increased its revenue by about USD 22 billion
SignixPartnership• SIGNiX announced integration of its digital signature with Closing Market digital network of RamQuest, Inc, a major provider of technology-based solutions for the title insurance and settlement industry.• The application to application integrated with SIGNiX’s is expected to provide consumers with digital signature for real estate transaction.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2017-2028

BASE YEAR

2020

FORECAST PERIOD

2021-2028

HISTORICAL PERIOD

2017-2019

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

DocuSign, Inc., Adobe Systems, Inc., OneSpan, THALES GROUP, Signix, Entrust Datacard Corp., Secured Signing Limited, and Others.

SEGMENTS COVERED
  • Component
  • End User
  • Geography
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Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players• The current as well as a future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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