ICT and Media Business News North America Has Been the Largest Market | Page 2

Digital Signature Market
Global digital signature market is expected to reach $3,410.8 million by 2023, according to P&S Intelligence.
A significant growth in demand for these signatures is anticipated due to increasing use of them to reduce
deception, growing government focus towards eliminating paperless work coupled with growing adoption of
biometrics with this technology in various end use industries, across the globe.
Insights on Market Segments
Based on solution, digital signature market is categorized into hardware, software and services, of which services
has been contributing the largest revenue share globally. However, software is expected to be the fastest
growing category during the forecast period. This can be attributed to the increasing demand for accessibility of
such signatures in connected devices such as smartphones, tablets, laptops in different applications such as
government, banking, financial services and insurance.
On the basis of deployment type, digital signature market has been categorized into cloud-based and on-
premises. Cloud-based has been the dominant category, as it reduces IT cost and ensures mobility.
Copyright © P&S Market Research