Digital Signature Software Market to Reach US$ 3.4B by 2025

(Newswire.net — June 13, 2017) New York , NY — The global digital signature software market was valued at US$ 587.6 million in 2016 and is projected to cross US$ 3,400 million by the year 2025. Sales revenue is expected to increase at a CAGR of 22.4% during the forecast period (2017-2025).

Increasing adoption of digital signature in legal proceedings is boosting the growth of the digital signature software market

As a certain level of secrecy is required in legal proceedings, digital signature technology can be of great help in this field. A digital signature is generated using specific software and devices and ensures the security of data once a document has been digitally signed. This ensures greater security to the party signing the document as well as to the one receiving it and it authenticates the identity of both the parties. The software generates a digital signature, which is unique to the person linked to the executive document in a way that if it is changed, it becomes invalid; and hence the digital signature enables the party to know that the integrity of the said document has been compromised. Digitally signed documents have a great potential in the legal field, thereby aiding the growth of the digital signature software market during the assessment period.

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Additional Highlights of the Report Include:

• In 2016, software components for digital signature accounted for around 85.7% revenues share of the overall market and are expected to garner US$ 2,932.9 million in revenues by 2025-end.
• Based on end-use, US$ 424.4 million worth digital signature components were installed in enterprises across the globe in 2016.
• The report further observes that the BFSI sector tops in terms of use of digital signature technology and is projected to continue similar trends throughout the forecast period.

View Report Table of Contents, Figures, and Tables@ http://www.persistencemarketresearch.com/market-research/digital-signature-software-market/toc

Competitive Landscape 

PMR in its report has profiled some of the prominent companies that operate in the global digital signature software market such as VASCO Data Security International, Inc, RightSignature LLC, SERTIFI INC, Identrust Inc, Entrust Datacard Corporation, Cryptolog SAS, ASCERTIA LTD, COMSIGNTRUST LTD, SECURED SIGNING LIMITED, and INTEGRATED MEDIA MANAGEMENT LLC.