Digital signature is the mathematical technique which used to authenticate a digital document, software or message, using asymmetric cryptography. This technology is used to solve the problem of interference in digital communication and impersonation. Digital signature technique is widely used in various sectors such as Banking, Financial Services, and Insurance, Human Resources, Government, Legal, and Others.
Increase in investments in electronic documents by various enterprises and governments across the globe are the key driving factors which expected to boost the global digital signature market growth. Furthermore, improvement of security with controlled and seamless workflow will have the positive impact on market growth. Also, rise in occurrences of tempering and forgery in financial transactions will fuel the market growth. Moreover, rise in necessity of verifying digital documents in various areas like court documents & records, contracts, cash management documents, policies, and claims will propel the market growth during this forecast period.
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However, stringent rules and regulations are the restraining factors which are expected to hamper the global digital signature market growth. Also, lack of awareness about the legality of digital signatures will affect the market growth.
Global Digital Signature Market is segmented into component such as Solutions and Services. Further, market is segmented into application such as Banking, Financial Services, and Insurance, Human Resources, Government, Legal, and Others.
Also, Global Digital Signature Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Key Players
Various key players are discussed in this report such as
- Secured Signing Limited
- Entrust Datacard