According to a recent market study published by Growth Market Reports titled, "Global Electronic Signature Software Market by types, Applications, and by Regions: Size, Share, Trends and Opportunity Analysis, 2017-2027", the market was valued at USD 591.3 Million in 2019 and is expected to grow at a healthy growth rate of 31.0% by the year 2027. The global electronic signature software market is anticipated to grow significantly during forecast period. Rising health problems due to consumption of sugar-based products, and growing consumer preference for low-calorie food are some of the factors contributing to market growth.

Global electronic signature software market has been segmented based on deployment modes, methods, end-user industries, and region. In terms of deployment modes, the electronic signature software market is categorized as on-premises and cloud-based. Depending on method, market is segmented as general electronic signature, qualified electronic signature, and enhanced electronic signature. Based on end-user industries, the market is categorized as BFSI, Government and Defense, Healthcare and Life Sciences, Legal, Real Estate, Education, Others. By regions global electronic signature software market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA).

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Regulatory policies are expected to play a pivotal role in shaping the dynamics of the global electronic signature software market during the forecast period. Regulations vary from country to country across the globe. Governments globally are emphasizing on the formation of guidelines for the legal use of electronic signatures for business processes. Increasing spending on business process automation and digitization across numerous industry verticals is projected to fuel the demand for electronic signature software during the forecast period. Moreover, increasing focus of manufacturers on product innovation and integration of advanced technologies is anticipated to fuel the electronic signature software market during the forecast period.

As per Growth Market Reports industry analyst Akshay Udavant “The spread of COVID-19 has had a huge impact on the electronic signature software market players on many fronts and outside factors. COVID-19 affected all sections of the society including businesses and individuals. Different measures were taken into consideration from travel restrictions to national-wide lockdown to slow the spread of coronavirus. These restrictions affected numerous industry verticals such as BFSI, healthcare, real estate, and others. COVID-19 accelerated the adoption of electronic verification and signatures owing to rising need for online document transmission and electronic authorized signature, due to remote working policies.

Key Takeaways from the Study:

  • The market in Asia Pacific is expected to grow at a rapid pace owing to increasing demand for electronic signature software from SMEs to ensure secure transactions, moreover, growing adoption of digital documentation solutions is also anticipated to fuel the market in growth in the Asia-Pacific region.
  • The market in Europe is projected to expand in the coming years due to increasing awareness about enhanced security offered by electronic signature software.
  • North America held a significant share of the market in 2019 owing to the increasing demand for cloud-based electronic signature software in the region.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 591.3 Million

Market Growth Rate (from 2020 to 2027)

31.0%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 – 2027

Market Segments

Deployment Modes, Methods, End-use Industries, and Regions.

Region Scope

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA)

Key Companies Profiled

Adobe Inc., AssureSign LLC. , airSlate Inc., Citrix Systems, Inc., DocuSign, Inc., Dropbox Inc., eSign Genie, Lone Wolf Technologies. , OneSpan Inc., PandaDoc Inc., Sertifi, Inc., SIGNiX, Inc. , AlphaTrust Corporation, Formstack, Lightico Ltd., and SutiSoft, Inc.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Demand Side: BFSI, Government and Defense, Healthcare and Life Sciences, Legal, Real Estate, Education, and other industries.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies.
  • Associations and Industry Bodies: Federation of American Societies for Experimental Biology (FASEB), Joint Food and Agriculture Organization/World Health Organization Expert Committee on Food Additives (JECFA), Acceptable Daily Intake (ADI), Food and Agriculture Organization (FAO), World Health Organization (WHO), and Japan External Trade Organization (JETRO)