The Europe Digital Signature Market would witness market growth of 31.3% CAGR during the forecast period (2021-2027).
Digital signature is based on the principle of cryptography technology. Companies with the help of appropriate authentication can have risk-less transactions of business documents and legal contracts. With an aim to help the rising digitized businesses, digital signature provides safe and certified transactions.
Companies are moving from conventional signatures to digital signatures as they can decrease the risk of legal matters and offer reliable evidence. Moreover, data security holds significant importance while forwarding confidential information.
In the European Union, some regulations on electronic identity and trust services have been formulated, generally called “the eIDAS Regulation”. This regulation streamlines the electronic identification schemes across borders. In addition, European Commission has been formulating regulations and assisting the European Union member states to establish the technical infrastructure to install eIDAS. It is willing to bring the major market players to streamline and enhance the digital signing experience on the cloud.
As a result, the industry players are likely to witness new growth avenues because e-commerce companies will leverage digital signatures for the purpose of document verification. Based on these factors, the regional digital signature market is expected to flourish over the forecasting period.
The Germany market dominated the Europe Digital Signature Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,418.8 million by 2027, growing at a CAGR of 29.9% during the forecast period. The UK market is poised to grow at a CAGR of 30.3% during (2021 - 2027). Additionally, The France market would showcase a CAGR of 32.2% during (2021 - 2027).
Based on Component, the market is segmented into Solutions and Services. Based on organization size, the market is segmented into large enterprise and Small & medium enterprise. Based on Deployment Mode the market is segmented into On premises and Cloud. Based on End User, the market is segmented into BFSI, Healthcare & Life Sciences, Energy & Utilities, Education and Legal, Telecom & IT, Government & Public Sector, and Hardware. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Digital Signature Market Size will Hit $20.62 billion by 2027, at a CAGR of 32.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Docusign, Inc., Secured Signing Limited, OneSpan, Inc., DigiCert, Inc., Zoho Corporation Pvt. ltd., Thales Group S.A., Adobe, Inc., Entrust Corporation, and GMO GlobalSign Pte. Ltd. (GMO Internet, Inc.)
By Component
By Organization Size
By Deployment Mode
By End User
By Country
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