The global e-signature market is expected to grow at a CAGR of 26.6% from 2021 to 2030, reaching $12.7bn in revenue.
This comes from ResearchAndMarkets.com’s new report, E-Signature Market Research Report: By Component, Deployment Type, Type, Use Case, Vertical – Global Industry Analysis and Growth Forecast to 2030.
ResearchAndMarkets.com claims the rise of online documents is encouraging the adoption of electronic signatures and their ability to authenticate online transactions.
Covid-19 has been a positive impact on the development of e-signatures, it claims. With more people working remotely and the growing requirement of secure online transactions will drive the increased value of the market.
There are various types of e-signature solutions, including username and PIN, public key infrastructure (PKI), clickwrap, signature pad at point of sale, voice signature and others. Of these, PKI services had the biggest market share in 2020, it said. A reason for this is the technology guarantees document and signer authenticity and are cost-effective.
Globally, the e-signature market is expected to grow the fastest in the Asia-pacific region. This will be driven by the increasing adoption of digital services, surging online commerce activities and a growth in user acceptance for online bill payments and payment services.
Copyright © 2021 FinTech Global