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U.S. Digital Signature Market Outlook : Top Companies, Growth Factors, Technology & Innovation Trends by 2023
U.S. digital signature market size is forecasted to reach $1,013 million by 2023, is expected to register over 20% CAGR during 2017-2023. Increasing use of digital signatures to eliminate fraud has been cited as one of the prime factors for strong growth of the market in the country. A lot of counterfeit and tempering incidences have been observed in software distribution and financial transaction processes across the U.S., which is creating robust demand for digital signature in the country.
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Digital signature enables the sender to digitally sign and send the document, and allow them to authenticate receiver. Obligation of validating digital documents across different verticals including patient consents, contracts, court documents, claims, cash management, policies, and records, is backing the market growth.
The market for cloud based deployment was larger than on-premised based deployment in the U.S. digital signature market. The market for cloud deployment is also expected to witness a faster growth than on-premise, during the forecast period. The fast growth of cloud based will be driven by companies operating in the market that are rolling out subscription based hosted offerings. Moreover, the global acceptance of cloud based services and emergence of pay-as-you-go models have escalated its demand among enterprises in the country.
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Some of the key players in U.S. digital signature market are Adobe Systems Inc., Secured System Limited, Gemalto N.V., SIGNiX Inc., Entrust Datacard Corporation, DocuSign Inc., eSignLive, and Ascertia.
About P&S Market Research
P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports; business intelligence and research based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.
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