According to a recent market study published by Growth Market Reports, titled, “Global Electronic Signature Software Market by Component, by Deployment Mode, by End User, by Industry Verticals, by Region: Size, Share, Trends and Opportunity Analysis, 2016-2031”, the market was valued at USD 3,948.7 Million in 2022 and is expected to grow at a moderate growth rate of 28.1% by the year 2031.

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As per Growth Market Reports industry analyst Pratiksha Deshmukh, “Global Electronic Signature Software Market is anticipated to witness significant growth during the forecast period 2022-2030. Electronic Signature Software is a digital tool that allows an individual or organization to replace manual processes and paper-based methods with electronic alternatives for signing documents. It incorporates encrypted data into a document to verify and authenticate the signer. It improves operational efficiency by speeding up processes and reducing costs associated with manual and paper-based methods. Practical uses of electronic signature software span various sectors, from legal agreements and contracts in business to essential documentation in healthcare, to governmental forms and educational applications.

Key factors that are anticipated to fuel the demand for the global Electronic Signature Software market during the forecast period are rising need for secure and legally recognized electronic transactions is a major driver. The surge in digital transformation efforts by organizations and governments also fuels the market expansion. The legal validity and enforcement of digital signatures have encouraged their widespread adoption. Innovations in technology, such as blockchain and biometrics, have increased the security of digital signatures, making them more attractive. Conversely, lack of legal awareness, rising data security concerns, and regulatory compliance, may hamper the market growth of the Electronic Signature Software Market. The development and enhancement of digital signature software and platforms, and innovation in technology and increased adoption of cloud-based solutions are creating opportunities in the market.

The primary, as well as secondary research methodology, is used for keen observation and study of the Electronic Signature Software market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews were conducted with the stakeholders across industry verticals at regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, and current and future trends done by the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess experience of around 10-20 years in the industry. On the other hand, the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights, and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports, and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases were analyzed for macro & micro analysis. Research publications and paid data are referred to obtain and validate the market estimations, budget, expenditure, and other statistical insights.

The Coronavirus disease 2019 (COVID-19) pandemic highlighted economic disparities, global interdependence, and governance challenges. Pandemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. Companies investing in political, business, and financial stability, as opposed to decreasing global risks, implemented strategies to overcome the pandemic. The electronic signature software market has seen a significant transformation due to the COVID-19 pandemic. As social distancing became the norm, the demand for electronic signatures saw a rapid increase. The shift to remote work and the rise in online transactions have necessitated the adoption of digital technologies, including electronic signatures. Governments across the globe, including India, have promoted the use of digital signatures to reduce paper-based transactions and maintain social distancing. This digital transition has not only improved operational efficiency and productivity but also cut down costs related to paper, printing, and postage. In conclusion, the COVID-19 pandemic has positively impacted the electronic signature software market.

Key Takeaways from the Study:

  • In terms of component, the solution segment accounted for a substantial share of the market in 2022 and is expected to expand at a substantial CAGR during the forecast period.

  • Based on deployment mode, the cloud segment accounted for a substantial share of the market in 2022 and is expected to expand at a substantial CAGR during the forecast period.

  • Based on end-user, the SMEs segment accounted for a substantial share of the market in 2022 and is expected to expand at a substantial CAGR during the forecast period.

  • In terms of industry vertical, the BFSI segment accounted for a substantial share of the market in 2022 and is expected to expand at a substantial CAGR during the forecast period.

Report Scope:


Report Metric


Market Value in 2022

USD 3,948.7 Million

Market Growth Rate (from 2016 to 2031)


Historical Data


Base Year


Forecast Period

2023 – 2031

Units Considered

Value (USD Million)

Market Segments

By Component, By Deployment Mode, By End User, By Industry Verticals, By Region

Key Companies Profiled

DocuSign, Inc., Adobe, Citrix Systems, Inc., Entrust Corporation., Syncfusion Inc. (BoldSign), Zoho Corporation Pvt. Ltd., SIGNFLOW, Ascertia (InfoCert S.p.A.), DigiCert, OneSpan, GlobalSign, PandaDoc Inc., Notarius, Symtrax, AlphaTrust Corporation, ACTALIS S.p.A., SigNow, IdenTrust, 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: Government Agencies, Consulting Firms, Private Research and Development Firms, Equity Firms, and Investment Firms.