Numbers also have a certain power, which should come as no surprise to anyone. That's exactly why we'll start with a number:

$25 Billion.

This is NOT the global digital signature market predicted to reach by 2030, according to P&S Intelligence. This amount is the annual income that players in the market will receive when this year is reached.

The demand for digital signatures is growing rapidly due to the evolving need for seamless digital transaction management and user authentication. In addition, the increasing acceptance and increasing digitization rate of online transactions and payment procedures are increasing the demand for digital signatures.

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The COVID-19 pandemic has helped the digital signature solution and service providers expand their operations. The growth of the digital signature market increased significantly from 2019 to 2020, and this trend continued from 2020 to 2021. Due to the growing need for online transactions and secure connectivity, and the growing popularity of a remote work culture, the market is expanding tremendously. Due to the pandemic, many information technology (IT) and banking, financial services and insurance (BFSI) companies have taken measures to secure remote contract, financial and other related procedures. So, with the increase in the volume of digital transactions, the market is growing rapidly.

Depending on the industry, the market is segmented into government, BFSI, healthcare, retail, IT and telecom, and others. Apart from these, the BFSI category is expected to exhibit the fastest growth during the forecast period as businesses primarily focus on eliminating paper-based processes and replacing them with auditable and accurate workflows with the help of digital signatures.

The digital signature market is classified by component into service, software and hardware. Among them, the software category is expected to show the highest CAGR in the market during the forecast period.

At this point, the industry owes you a debt of gratitude for every decision you make towards digitalization within the framework of your decision and authority-responsibilities in the company you work for; because these decisions help us to add technological developments to our lives in all aspects we take steps to make our transactions easier, faster and error-free.

Source: medium.com/@mirayecemiray