Electronic Signature Software Market

Global Electronic Signature Software Market by Deployment Mode (On Premise and On Cloud), By Method (General Electronic Signature, Qualified Electronic Signature, and Enhanced Electronic Signature), End-user Industries (BFSI, Government and Defense, Healthcare and Life Sciences, Legal, Real Estate, Education, Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA))

  • Report ID: ICT-SE-540
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 213
  • Format:
  • Pub. Date: 14-02-2021
  • Share:

Market Outlook:

The global electronic signature software market was valued at USD 591.3 Mn in 2019 and is projected to reach USD 5,095 Mn by 2027, expanding at a CAGR of 31.0% during the forecast period. The electronic signature software market is anticipated to grow substantially during the forecast period owing to improved operational efficiency at the low operating expense (OPEX), enhanced security with a controlled and seamless workflow, digitization of transaction management processes, and rapid growth in investments in electronic documents by governments and enterprises. Moreover, growing adoption of cloud-based security solutions is anticipated to fuel the market during the forecast period.

Global Electronic Signature Software Market Summary

Market Dynamics
Electronic signature offers enhanced security with a controlled and seamless workflow. Electronic signatures can be considered as a copy of the conventional handwritten signatures, even though they are more complicated to manipulate than written signatures. The probability of changing a paper document after being signed is high; however, manipulating electronic signature is not possible, thereby guaranteeing the authenticity of information and data; therefore, digital signature ensures a seamless and controlled workflow. Moreover, the possibility of missing manual documents higher as compared to digital information and digital copy in any form such as audio or photo files. It can be protected with an electronic signature along with copyrights, these benefits are anticipated to fuel the global electronic signature software market during the forecast period.

In the last few years, electronic signatures have been helping enterprises improve and speed up their operations. The global electronic signature software market is driven by factors such as supportive laws for the market, increasing online documentation processes, supply chain improvements, workflow efficiency, and rising demand for security solutions. Market players in the electronic signature software market can create the opportunities being offered by the expanding e-business sector across the globe.

The electronic signature software market is anticipated to grow substantially during the forecast period owing to an increasing focus on automation and digitization across numerous industry verticals. COVID-19 affected all sections of the society including businesses and individuals. Online businesses have been playing an important role across the globe during this pandemic. Dependency on online businesses has increased substantially, due to the pandemic. Government, BFSI, Legal, Healthcare and Life Sciences, Real Estate, Education, and other industries adopted digital solutions to provide essential services to customers.

Regulations for electronic signatures provide guidelines for legal use of electronic signature, while operating in different industry verticals. As per the electronic signature regulations and laws, namely UETA and ESIGN, among others, businesses and individuals must follow definite instructions and procedures and adhere to the laws while generating e-contracts and electronic signatures. Additionally, organizations availing of electronic signature software can improve the overall security, legal compliance, and privacy measures. Hence, governments globally are taking initiatives to promote the use of electronic signatures

Segmental Outlook

By Deployment Modes
In terms of deployment mode, the electronic signature software market is segmented on-premises and cloud-based. The on-premise segment accounted for the market a share of 36.3% in 2020. This growth may be attributed to increasing need to secure private and confidential data, online signatures, and controlling information workflow within the organization. The cloud-based segment is anticipated to expand at a CAGR of 32.5% during the forecast period. This growth may be attributed to increasing adoption of cloud-based electronic signature software among organizations to achieve cost optimization, scalability, and flexibility.

Global Electronic Signature Software Market By Deployment Mode

By Method
On the basis method, the electronic signature software market is segmented into general electronic signature, qualified electronic signature, and enhanced electronic signature. The general electronic signature segment is expected to account for market share of 34.2% in 2019. General electronic signature is envisioned to deliver an accurate and secure identification method for the signatory to offer a seamless transaction. The qualified electronic signature segment is anticipated to expand at a CAGR of 32.8% during the forecast period. The qualified electronic signature allows authenticating the authorship of a statement in electric data exchange over long periods.

Global Electronic Signature Software Market By Method

By End-user Industries
Based on end-user industries, the electronic signature software market is categorized as BFSI, Government and Defense, Healthcare and Life Sciences, Legal, Real Estate, Education, Others. The BFSI segment is accounted for the significant share of the market in 2019. With electronic signature software, BFSI organizations can bring quantifiable outcomes in terms of transaction completion period, cost reduction, and overall customer experience. The legal industry is anticipated to grow at significant CAGR during the forecast period. This growth may be attributed to increasing focus of legal professionals to widen the scope of their remote-work capabilities.

Region Wise Outlook

On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America held a significant share of the market in 2019 owing to presence of key market players and early adoption of technologically advanced products. The market in Asia Pacific is expected to expand at substantial CAGR during the forecast period. This growth may be attributed to increasing investments by public and private sectors organization in electronic signature software to improve their business processes and overall productivity. The Europe region is also anticipated to grow during the forecast period owing to favorable regulatory framework for electronic signature market.

Global Electronic Signature Software Market By Region

Key Benefits for Industry Participants & Stakeholders

  • In-Depth Analysis of the Electronic signature software Market.
  • Historical, Current and Projected Market Size in Terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on From Electronic signature software Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Signature Software Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Electronic Signature Software Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Electronic Signature Software Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Electronic Signature Software Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Electronic Signature Software Market Size & Forecast, 2017-2027
      4.5.1 Electronic Signature Software Market Size and Y-o-Y Growth
      4.5.2 Electronic Signature Software Market Absolute $ Opportunity
   4.6 Global Electronic Signature Software Market: Impact Of Key Regulations

     4.7: Pricing Analysis: Electronic Signature Software Market
Chapter 5 Global Electronic Signature Software Market Analysis and Forecast By Deployment Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Deployment Type
      5.1.2 Basis Point Share (BPS) Analysis By Deployment Type
      5.1.3 Absolute $ Opportunity Assessment By Deployment Type
   5.2 Electronic Signature Software Market Size Forecast By Deployment Type
      5.2.1 On Premise
      5.2.2 On Cloud
   5.3 Market Attractiveness Analysis By Deployment Type
Chapter 6 Global Electronic Signature Software Market Analysis and Forecast By Method
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By Method
      6.1.2 Basis Point Share (BPS) Analysis By Method
      6.1.3 Absolute $ Opportunity Assessment By Method
   6.2 Electronic Signature Software Market Size Forecast By Method
      6.2.1 General Electronic Signature
      6.2.2 Qualified Electronic Signature
      6.2.3 Enhanced Electronic Signature
   6.3 Market Attractiveness Analysis By Method
Chapter 7 Global Electronic Signature Software Market Analysis and Forecast By End-user Industry
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities By End-user Industry
      7.1.2 Basis Point Share (BPS) Analysis By End-user Industry
      7.1.3 Absolute $ Opportunity Assessment By End-user Industry
   7.2 Electronic Signature Software Market Size Forecast By End-user Industry
      7.2.1 BFSI
      7.2.2 Government and Defense
      7.2.3 Healthcare and Life Sciences
      7.2.4 Legal
      7.2.5 Real Estate
      7.2.6 Education
      7.2.7 Others
   7.3 Market Attractiveness Analysis By End-user Industry
Chapter 8 Global Electronic Signature Software Market Analysis and Forecast by Region
   8.1 Introduction
      8.1.1 Key Market Trends & Growth Opportunities by Region
      8.1.2 Basis Point Share (BPS) Analysis by Region
      8.1.3 Absolute $ Opportunity Assessment by Region
   8.2 Electronic Signature Software Market Size Forecast by Region
      8.2.1 North America
      8.2.2 Europe
      8.2.3 Asia Pacific
      8.2.4 Latin America
      8.2.5 Middle East & Africa (MEA)
   8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
   9.1 Introduction
   9.2 Current & Future Impact Analysis
   9.3 Economic Impact Analysis
   9.4 Government Policies
   9.5 Investment Scenario
Chapter 10 North America Electronic Signature Software Analysis and Forecast
   10.1 Introduction
   10.2 North America Electronic Signature Software Market Size Forecast by Country
      10.2.1 U.S.
      10.2.2 Canada
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 North America Electronic Signature Software Market Size Forecast By Deployment Type
      10.6.1 On Premise
      10.6.2 On Cloud
   10.7 Basis Point Share (BPS) Analysis By Deployment Type
   10.8 Absolute $ Opportunity Assessment By Deployment Type
   10.9 Market Attractiveness Analysis By Deployment Type
   10.10 North America Electronic Signature Software Market Size Forecast By Method
      10.10.1 General Electronic Signature
      10.10.2 Qualified Electronic Signature
      10.10.3 Enhanced Electronic Signature
   10.11 Basis Point Share (BPS) Analysis By Method
   10.12 Absolute $ Opportunity Assessment By Method
   10.13 Market Attractiveness Analysis By Method
   10.14 North America Electronic Signature Software Market Size Forecast By End-user Industry
      10.14.1 BFSI
      10.14.2 Government and Defense
      10.14.3 Healthcare and Life Sciences
      10.14.4 Legal
      10.14.5 Real Estate
      10.14.6 Education
      10.14.7 Others
   10.15 Basis Point Share (BPS) Analysis By End-user Industry
   10.16 Absolute $ Opportunity Assessment By End-user Industry
   10.17 Market Attractiveness Analysis By End-user Industry
Chapter 11 Europe Electronic Signature Software Analysis and Forecast
   11.1 Introduction
   11.2 Europe Electronic Signature Software Market Size Forecast by Country
      11.2.1 Germany
      11.2.2 France
      11.2.3 Italy
      11.2.4 U.K.
      11.2.5 Spain
      11.2.6 Russia
      11.2.7 Rest of Europe
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Europe Electronic Signature Software Market Size Forecast By Deployment Type
      11.6.1 On Premise
      11.6.2 On Cloud
   11.7 Basis Point Share (BPS) Analysis By Deployment Type
   11.8 Absolute $ Opportunity Assessment By Deployment Type
   11.9 Market Attractiveness Analysis By Deployment Type
   11.10 Europe Electronic Signature Software Market Size Forecast By Method
      11.10.1 General Electronic Signature
      11.10.2 Qualified Electronic Signature
      11.10.3 Enhanced Electronic Signature
   11.11 Basis Point Share (BPS) Analysis By Method
   11.12 Absolute $ Opportunity Assessment By Method
   11.13 Market Attractiveness Analysis By Method
   11.14 Europe Electronic Signature Software Market Size Forecast By End-user Industry
      11.14.1 BFSI
      11.14.2 Government and Defense
      11.14.3 Healthcare and Life Sciences
      11.14.4 Legal
      11.14.5 Real Estate
      11.14.6 Education
      11.14.7 Others
   11.15 Basis Point Share (BPS) Analysis By End-user Industry
   11.16 Absolute $ Opportunity Assessment By End-user Industry
   11.17 Market Attractiveness Analysis By End-user Industry
Chapter 12 Asia Pacific Electronic Signature Software Analysis and Forecast
   12.1 Introduction
   12.2 Asia Pacific Electronic Signature Software Market Size Forecast by Country
      12.2.1 China
      12.2.2 Japan
      12.2.3 South Korea
      12.2.4 India
      12.2.5 Australia
      12.2.6 South East Asia (SEA)
      12.2.7 Rest of Asia Pacific (APAC)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Asia Pacific Electronic Signature Software Market Size Forecast By Deployment Type
      12.6.1 On Premise
      12.6.2 On Cloud
   12.7 Basis Point Share (BPS) Analysis By Deployment Type
   12.8 Absolute $ Opportunity Assessment By Deployment Type
   12.9 Market Attractiveness Analysis By Deployment Type
   12.10 Asia Pacific Electronic Signature Software Market Size Forecast By Method
      12.10.1 General Electronic Signature
      12.10.2 Qualified Electronic Signature
      12.10.3 Enhanced Electronic Signature
   12.11 Basis Point Share (BPS) Analysis By Method
   12.12 Absolute $ Opportunity Assessment By Method
   12.13 Market Attractiveness Analysis By Method
   12.14 Asia Pacific Electronic Signature Software Market Size Forecast By End-user Industry
      12.14.1 BFSI
      12.14.2 Government and Defense
      12.14.3 Healthcare and Life Sciences
      12.14.4 Legal
      12.14.5 Real Estate
      12.14.6 Education
      12.14.7 Others
   12.15 Basis Point Share (BPS) Analysis By End-user Industry
   12.16 Absolute $ Opportunity Assessment By End-user Industry
   12.17 Market Attractiveness Analysis By End-user Industry
Chapter 13 Latin America Electronic Signature Software Analysis and Forecast
   13.1 Introduction
   13.2 Latin America Electronic Signature Software Market Size Forecast by Country
      13.2.1 Brazil
      13.2.2 Mexico
      13.2.3 Rest of Latin America (LATAM)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Latin America Electronic Signature Software Market Size Forecast By Deployment Type
      13.6.1 On Premise
      13.6.2 On Cloud
   13.7 Basis Point Share (BPS) Analysis By Deployment Type
   13.8 Absolute $ Opportunity Assessment By Deployment Type
   13.9 Market Attractiveness Analysis By Deployment Type
   13.10 Latin America Electronic Signature Software Market Size Forecast By Method
      13.10.1 General Electronic Signature
      13.10.2 Qualified Electronic Signature
      13.10.3 Enhanced Electronic Signature
   13.11 Basis Point Share (BPS) Analysis By Method
   13.12 Absolute $ Opportunity Assessment By Method
   13.13 Market Attractiveness Analysis By Method
   13.14 Latin America Electronic Signature Software Market Size Forecast By End-user Industry
      13.14.1 BFSI
      13.14.2 Government and Defense
      13.14.3 Healthcare and Life Sciences
      13.14.4 Legal
      13.14.5 Real Estate
      13.14.6 Education
      13.14.7 Others
   13.15 Basis Point Share (BPS) Analysis By End-user Industry
   13.16 Absolute $ Opportunity Assessment By End-user Industry
   13.17 Market Attractiveness Analysis By End-user Industry
Chapter 14 Middle East & Africa (MEA) Electronic Signature Software Analysis and Forecast
   14.1 Introduction
   14.2 Middle East & Africa (MEA) Electronic Signature Software Market Size Forecast by Country
      14.2.1 Saudi Arabia
      14.2.2 South Africa
      14.2.3 UAE
      14.2.4 Rest of Middle East & Africa (MEA)
   14.3 Basis Point Share (BPS) Analysis by Country
   14.4 Absolute $ Opportunity Assessment by Country
   14.5 Market Attractiveness Analysis by Country
   14.6 Middle East & Africa (MEA) Electronic Signature Software Market Size Forecast By Deployment Type
      14.6.1 On Premise
      14.6.2 On Cloud
   14.7 Basis Point Share (BPS) Analysis By Deployment Type
   14.8 Absolute $ Opportunity Assessment By Deployment Type
   14.9 Market Attractiveness Analysis By Deployment Type
   14.10 Middle East & Africa (MEA) Electronic Signature Software Market Size Forecast By Method
      14.10.1 General Electronic Signature
      14.10.2 Qualified Electronic Signature
      14.10.3 Enhanced Electronic Signature
   14.11 Basis Point Share (BPS) Analysis By Method
   14.12 Absolute $ Opportunity Assessment By Method
   14.13 Market Attractiveness Analysis By Method
   14.14 Middle East & Africa (MEA) Electronic Signature Software Market Size Forecast By End-user Industry
      14.14.1 BFSI
      14.14.2 Government and Defense
      14.14.3 Healthcare and Life Sciences
      14.14.4 Legal
      14.14.5 Real Estate
      14.14.6 Education
      14.14.7 Others
   14.15 Basis Point Share (BPS) Analysis By End-user Industry
   14.16 Absolute $ Opportunity Assessment By End-user Industry
   14.17 Market Attractiveness Analysis By End-user Industry
Chapter 15 Competition Landscape
   15.1 Electronic Signature Software Market: Competitive Dashboard
   15.2 Global Electronic Signature Software Market: Market Share Analysis, 2019
   15.3 Company Profiles (Details - Overview, Financials, Developments, Strategy)
      15.3.1 Adobe Inc.
      15.3.2 AssureSign LLC. 
      15.3.3 airSlate Inc.
      15.3.4 Citrix Systems, Inc.
      15.3.5 DocuSign, Inc.
      15.3.6 Dropbox Inc.
      15.3.7 eSign Genie
      15.3.8 Lone Wolf Technologies. 
      15.3.9 OneSpan Inc.
      15.3.10 PandaDoc Inc.
      15.3.11 Sertifi, Inc.
      15.3.12 SIGNiX, Inc. 
      15.3.13 AlphaTrust Corporation
      15.3.14 Formstack
      15.3.15 Lightico Ltd.
      15.3.16 SutiSoft, Inc.
Key Segments Covered
By Deployment Mode
  • On-premises
  • Cloud-based
By Method
  • General Electronic Signature
  • Qualified Electronic Signature
  • Enhanced Electronic Signature
By End-user Industries
  • BFSI
  • Government and Defense
  • Healthcare and Life Sciences
  • Legal
  • Real Estate
  • Education
  • Others
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

Key Market Players Profiled in the Report
  • 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.
  • SutiSoft, Inc.
  • Key players in the electronic signature software market are 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..
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for electronic signature software.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers various electronic signature software market by end-use industries as BFSI, Government and Defense, Healthcare and Life Sciences, Legal, Real Estate, Education, and Others.

According to this Growth Market Reports, the market from electronic signature software market is likely to register a CAGR of 31.0% during period 2020-2027, with an anticipated valuation of USD 5,095 million by the end of the 2027.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the electronic signature software market is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The electronic signature software market is anticipated to grow significantly during forecast period due growing focus on business processes automation and digitization across numerous industry verticals.

The demand for electronic signature software from BFSI, healthcare & life sciences, among other industries is driving the market growth.

The market is expected to witness sluggish growth with slow increase in terms of demand during 2019-2020 owing to the negative impact of COVID-19 pandemic on the electronic signature software market.

The base year considered for the electronic signature software market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years, and the forecast is provided from 2020 to 2027.

Major Manufactures include DocuSign, Inc., airSlate Inc., Adobe Inc., Citrix System, Inc., PandaDoc Inc. and Dropbox, Inc.