Latin America and Europe Digital Signature Market Size By Component (Software, Hardware, and Services), By End User (BFSI, Government & Defense, Healthcare), By Geographic Scope And Forecast
Report ID: 196841|No. of Pages: 202
Latin America and Europe Digital Signature Market Size By Component (Software, Hardware, and Services), By End User (BFSI, Government & Defense, Healthcare), By Geographic Scope And Forecast
Latin America and Europe Digital Signature Market Size And Forecast
Latin America Digital Signature Market size was valued at USD 692.87 Million in 2024 and is projected to reach USD 6094.22 Million by 2031, growing at a CAGR of 31.23% during the forecast period 2024-2031.
The growing demand for e-businesses and paperless workflow is one of the major factors likely to drive the digital signature market. The Latin America and Europe Digital Signature Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
What is Digital Signature?
A digital signature is a mathematical method with the encoded and electronic stamp of verification on digital documents such as word files, PDF files, and online legal contract papers. It helps to solve the issue of impression and tempering in digital communication. A digital signature consists of each & every piece of information of a digital document that enables users to find out the source very quickly and easily. It works on the principle of cryptography technology. Now, organizations can send business documents and legal contracts at less risk with proper authentication. In order to support the growing digitized businesses, digital signature offers secured and verified transactions.
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Latin America and Europe Digital Signature Market Overview
The growing demand for e-businesses and paperless workflow is one of the major factors likely to drive the digital signature market. Digital signature solutions are helping industries such as retail, BFSI, healthcare, government, IT & telecom to reduce operational costs. Its implementation is offering a competitive edge to enterprises across the industries. Increasing adoption of smartphones and growing penetration of the internet around the world are some of the significant factors affecting the growth of the digital signature market in given analysis period. However, lack of knowledge and security concerns are restraining the growth of the market.
Latin America and Europe Digital Signature Market: Segmentation Analysis
The Latin America and Europe Digital Signature Market is segmented on the basis of Component, End User, and Geography.
Latin America and Europe Digital Signature Market, By End User
- BFSI
- Government & Defense
- Healthcare
- Human Resources and Legal
- Manufacturing & Retail
- Others
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Based on End User, the Latin America and Europe Digital Signature Market is bifurcated into BFSI, Government & Defense, Healthcare, Human Resources and Legal, Manufacturing & Retail, and Others. BFSI accounted for the largest market share in 2020. The banking sector as well as financial institutions are using digital signatures for their advanced securities measures.
Latin America and Europe Digital Signature Market, By Component
- Software
- Hardware
- Services
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On the basis of Component, the Latin America and Europe Digital Signature Market has been segmented into Software, Hardware, and Services. Software accounted for the largest market share in 2020. The increasing implementation of the paperless work process is expected to boost software implementation.
Latin America Digital Signature Market, By Geography
- Mexico
- Brazil
- Argentina
- Colombia
- Chile
- Peru
- Rest of Latin America
On the basis of regional analysis, the Latin America Digital Signature Market is classified into Mexico, Brazil, Argentina, Colombia, Chile, Peru, and Rest of Latin America. Mexico is expected to hold the largest market share of the Digital Signature over the forecast period followed by Brazil.
Europe Digital Signature Market, By Geography
- Germany
- Portugal
- Spain
- Rest of Europe
On the basis of regional analysis, the Europe Digital Signature Market is classified into Germany, Portugal, Spain, and Rest of Europe. Germany is expected to hold the largest market share of the Digital Signature over the forecast period followed by Portugal.
Key Players
The “Latin America and Europe Digital Signature Market” study report will provide a valuable insight with an emphasis on the market including some of the major players are DocuSign, Inc., Adobe Systems, Inc., OneSpan, THALES GROUP, Signix, Entrust Datacard Corp., Secured Signing Limited, and Others. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
Company Name |
Key Development |
Description |
|---|---|---|
| DocuSign, Inc | Acquisition | • DocuSign acquired Liveoak Technologies for utilizing its video collaboration tool for online notarization along with DocuSign’s eSign technology, resulting, live video, collaboration tooling and identity verification that enables parties to get notarized approval |
| Thales Group | Acquisition | • Thales Group acquired Gemalto, thereby, covering the critical decision chain in a digital world, from data generation via sensors, to real-time decision support. • The acquisition increased its revenue by about USD 22 billion |
| Signix | Partnership | • SIGNiX announced integration of its digital signature with Closing Market digital network of RamQuest, Inc, a major provider of technology-based solutions for the title insurance and settlement industry. • The application to application integrated with SIGNiX’s is expected to provide consumers with digital signature for real estate transaction. |
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | DocuSign, Inc., Adobe Systems, Inc., OneSpan, THALES GROUP, Signix, Entrust Datacard Corp., Secured Signing Limited, and Others. |
| SEGMENTS COVERED |
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| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as a future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
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Frequently Asked Questions
TABLE OF CONTENTS
1 INTRODUCTION
1.1 MARKET DEFINITION
1.2 MARKET SEGMENTATION
1.3 RESEARCH TIMELINES
1.4 ASSUMPTIONS
1.5 LIMITATIONS
2 RESEARCH METHODOLOGY
2.1 DATA MINING
2.2 SECONDARY RESEARCH
2.3 PRIMARY RESEARCH
2.4 SUBJECT MATTER EXPERT ADVICE
2.5 QUALITY CHECK
2.6 FINAL REVIEW
2.7 DATA TRIANGULATION
2.8 BOTTOM-UP APPROACH
2.9 TOP DOWN APPROACH
2.10 RESEARCH FLOW
2.11 DATA COMPONENTS
3 EXECUTIVE SUMMARY
3.1 MARKET OVERVIEW
3.2 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET GEOGRAPHICAL ANALYSIS (CAGR %)
3.3 EUROPE DIGITAL SIGNATURE MARKET, BY COMPONENT (USD MILLION)
3.4 EUROPE DIGITAL SIGNATURE MARKET, BY END-USER (USD MILLION)
3.5 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY COMPONENT (USD MILLION)
3.6 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY END-USER (USD MILLION)
3.7 EUROPE FUTURE MARKET OPPORTUNITIES
3.8 LATIN AMERICA FUTURE MARKET OPPORTUNITIES
3.9 EUROPE MARKET SPLIT
3.10 LATIN AMERICA MARKET SPLIT
4 MARKET OUTLOOK
4.1 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET OUTLOOK
4.2 MARKET DRIVERS
4.2.1 THE RISING DEMAND FOR E-BUSINESSES AND PAPERLESS WORKFLOW
4.2.2 RISING INTERNET PENETRATION AND ADOPTION OF SMARTPHONES
4.3 MARKET RESTRAINT
4.3.1 LACK OF KNOWLEDGE AND SECURITY CONCERNS ARE RESTRAINING THE GROWTH OF THE MARKET
4.4 MARKET OPPORTUNITIES
4.4.1 GROWING ADOPTION OF CLOUD COMPUTING
4.5 IMPACT OF COVID – 19 ON THE DIGITAL SIGNATURE MARKET
4.6 PORTER’S FIVE FORCES ANALYSIS
5 MARKET, BY COMPONENT
5.1 OVERVIEW
5.2 HARDWARE
5.3 SOFTWARE
5.4 SERVICES
6 MARKET, BY END USER
6.1 OVERVIEW
6.2 BFSI
6.3 HUMAN RESOURCES AND LEGAL
6.4 GOVERNMENT & DEFENSE
6.5 MANUFACTURING & RETAIL
6.6 HEATHCARE
6.7 OTHERS
7 MARKET, BY GEOGRAPHY
7.1 EUROPE
7.1.1 GERMANY
7.1.2 SPAIN
7.1.3 PORTUGAL
7.1.4 REST OF EUROPE
7.2 LATIN AMERICA
7.2.1 MEXICO
7.2.2 BRAZIL
7.2.3 ARGENTINA
7.2.4 COLOMBIA
7.2.5 CHILE
7.2.6 PERU
7.2.7 REST OF LATIN AMERICA
8 COMPETITIVE LANDSCAPE
8.1 OVERVIEW
8.2 COMPANY MARKET RANKING ANALYSIS,
9 COMPANY PROFILES
9.1 DOCUSIGN, INC
9.1.1 COMPANY OVERVIEW
9.1.2 COMPANY INSIGHTS
9.1.3 SEGMENT BREAKDOWN
9.1.4 PRODUCT BENCHMARKING
9.1.5 KEY DEVELOPMENT
9.1.6 SWOT ANALYSIS
9.2 ADOBE SYSTEMS, INC.
9.2.1 COMPANY OVERVIEW
9.2.2 COMPANY INSIGHTS
9.2.3 SEGMENT BREAKDOWN
9.2.4 PRODUCT BENCHMARKING
9.2.5 SWOT ANALYSIS
9.3 THALES GROUP
9.3.1 COMPANY OVERVIEW
9.3.2 COMPANY INSIGHTS
9.3.3 SEGMENT BREAKDOWN
9.3.4 PRODUCT BENCHMARKING
9.3.5 KEY DEVELOPMENT
9.3.6 SWOT ANALYSIS
9.4 ONESPAN
9.4.1 COMPANY OVERVIEW
9.4.2 COMPANY INSIGHTS
9.4.3 SEGMENT BREAKDOWN
9.4.4 PRODUCT BENCHMARKING
9.5 SIGNIX
9.5.1 COMPANY OVERVIEW
9.5.2 COMPANY INSIGHTS
9.5.3 PRODUCT BENCHMARKING
9.5.4 KEY DEVELOPMENT
9.6 ENTRUST DATACARD CORP.
9.6.1 COMPANY OVERVIEW
9.6.2 COMPANY INSIGHTS
9.6.3 PRODUCT BENCHMARKING
9.7 SECURED SIGNING LIMITED
9.7.1 COMPANY OVERVIEW
9.7.2 COMPANY INSIGHTS
9.7.3 PRODUCT BENCHMARKING
9.8 ASCERTIA
9.8.1 COMPANY OVERVIEW
9.8.2 COMPANY INSIGHTS
9.8.3 PRODUCT BENCHMARKING
9.9 ZOHO CORPORATION
9.9.1 COMPANY OVERVIEW
9.9.2 COMPANY INSIGHTS
9.9.3 PRODUCT BENCHMARKING
9.10 IDENTRUST, INC.
9.10.1 COMPANY OVERVIEW
9.10.2 COMPANY INSIGHTS
9.10.3 PRODUCT BENCHMARKING
9.10.4 KEY DEVELOPMENT
LIST OF TABLES
TABLE 1 EUROPE DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 2 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 3 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 4 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 5 EUROPE DIGITAL SIGNATURE MARKET, BY COUNTRY, 2021 – 2028 (USD MILLION)
TABLE 6 EUROPE DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 7 EUROPE DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 8 GERMANY DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 9 GERMANY DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 10 SPAIN DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 11 SPAIN DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 12 PORTUGAL DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 13 PORTUGAL DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 14 REST OF EUROPE DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 15 REST OF EUROPE DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 16 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY COUNTRY, 2021 – 2028 (USD MILLION)
TABLE 17 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 18 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 19 MEXICO DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 20 MEXICO DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 21 BRAZIL DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 22 BRAZIL DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 23 ARGENTINA DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 24 ARGENTINA DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 25 COLOMBIA DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 26 COLOMBIA DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 27 CHILE DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 28 CHILE DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 29 PERU DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 30 PERU DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 31 REST OF LATIN AMERICA DIGITAL SIGNATURE MARKET, BY COMPONENT, 2021 – 2028 (USD MILLION)
TABLE 32 REST OF LATIN AMERICA DIGITAL SIGNATURE MARKET, BY END USER, 2021 – 2028 (USD MILLION)
TABLE 33 COMPANY MARKET RANKING ANALYSIS
TABLE 34 DOCUSIGN, INC: PRODUCT BENCHMARKING
TABLE 35 DOCUSIGN, INC.: KEY DEVELOPMENTS
TABLE 36 ADOBE SYSTEMS, INC.: PRODUCT BENCHMARKING
TABLE 37 THALES GROUP: PRODUCT BENCHMARKING
TABLE 38 THALES GROUP: KEY DEVELOPMENTS
TABLE 39 ONESPAN: PRODUCT BENCHMARKING
TABLE 40 SIGNIX: PRODUCT BENCHMARKING
TABLE 41 SIGNIX: KEY DEVELOPMENTS
TABLE 42 ENTRUST DATACARD CORP: PRODUCT BENCHMARKING
TABLE 43 SECURED SIGNING LIMITED: PRODUCT BENCHMARKING
TABLE 44 ASCERTIA: PRODUCT BENCHMARKING
TABLE 45 ZOHO CORPORATION: PRODUCT BENCHMARKING
TABLE 46 IDENTRUST, INC.: PRODUCT BENCHMARKING
TABLE 47 IDENTRUST, INC.: KEY DEVELOPMENTS
LIST OF FIGURES
FIGURE 1 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET SEGMENTATION
FIGURE 2 RESEARCH TIMELINES
FIGURE 3 DATA TRIANGULATION
FIGURE 4 MARKET RESEARCH FLOW
FIGURE 5 DATA COMPONENTS
FIGURE 6 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET OVERVIEW
FIGURE 7 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET GEOGRAPHICAL ANALYSIS, 2021-2028
FIGURE 8 EUROPE DIGITAL SIGNATURE MARKET, BY COMPONENT (USD MILLION)
FIGURE 9 EUROPE DIGITAL SIGNATURE MARKET, BY END USER (USD MILLION)
FIGURE 10 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY COMPONENT (USD MILLION)
FIGURE 11 LATIN AMERICA DIGITAL SIGNATURE MARKET, BY END USER (USD MILLION)
FIGURE 12 EUROPE FUTURE MARKET OPPORTUNITIES
FIGURE 13 LATIN AMERICA FUTURE MARKET OPPORTUNITIES
FIGURE 14 GERMANY DOMINATED THE MARKET IN 2020
FIGURE 15 MEXICO DOMINATED THE MARKET IN 2020
FIGURE 16 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET OUTLOOK
FIGURE 17 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET, BY COMPONENT
FIGURE 18 LATIN AMERICA AND EUROPE DIGITAL SIGNATURE MARKET, BY END USER
FIGURE 19 EUROPE MARKET SNAPSHOT
FIGURE 20 SECTORS USING DIGITAL ELECTRONIC SIGNATURES IN THE EU, 2019
FIGURE 21 GERMANY MARKET SNAPSHOT
FIGURE 22 SPAIN MARKET SNAPSHOT
FIGURE 23 PORTUGAL MARKET SNAPSHOT
FIGURE 24 REST OF EUROPE MARKET SNAPSHOT
FIGURE 25 LATIN AMERICA MARKET SNAPSHOT
FIGURE 26 MEXICO MARKET SNAPSHOT
FIGURE 27 BRAZIL MARKET SNAPSHOT
FIGURE 28 ARGENTINA MARKET SNAPSHOT
FIGURE 29 COLOMBIA MARKET SNAPSHOT
FIGURE 30 CHILE MARKET SNAPSHOT
FIGURE 31 PERU MARKET SNAPSHOT
FIGURE 32 REST OF LATIN AMERICA MARKET SNAPSHOT
FIGURE 33 DOCUSIGN, INC: COMPANY INSIGHT
FIGURE 34 DOCUSIGN, INC: SEGMENT BREAKDOWN
FIGURE 35 DOCUSIGN, INC: SWOT ANALYSIS
FIGURE 36 ADOBE SYSTEMS, INC.: COMPANY INSIGHT
FIGURE 37 ADOBE SYSTEMS, INC.: SEGMENT BREAKDOWN
FIGURE 38 ADOBE SYSTEMS, INC: SWOT ANALYSIS
FIGURE 39 THALES GROUP: COMPANY INSIGHT
FIGURE 40 THALES GROUP: SEGMENT BREAKDOWN
FIGURE 41 THALES GROUP: SWOT ANALYSIS
FIGURE 42 ONESPAN: COMPANY INSIGHT
FIGURE 43 ONESPAN: SEGMENT BREAKDOWN
FIGURE 44 SIGNIX: COMPANY INSIGHT
FIGURE 45 ENTRUST DATACARD CORP.: COMPANY INSIGHT
FIGURE 46 SECURED SIGNING LIMITED: COMPANY INSIGHT
FIGURE 47 ASCERTIA: COMPANY INSIGHT
FIGURE 48 ZOHO CORPORATION: COMPANY INSIGHT
FIGURE 49 IDENTRUST, INC.: COMPANY INSIGHT
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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Econometrics and data visualization model
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Industry Analysis Matrix
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