PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128340
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1128340
Digital Transaction Management Market - Growth, Future Prospects and Competitive Analysis, 2022 - 2030
Key Market Insights
"Continuous adoption of digital solutions for automation and transaction of business processes will boost the market"
The global Digital Transaction Management Market is growing competently, projected to grow at a CAGR of 20.5% during the expected period from 2022 to 2030, starting from US$ 6.21 Bn in 2021.
Component Analysis
"Intensifying use of digital solutions for payment gateways among industries worldwide will spark market growth"
The digital transaction management market is dominated by hardware segment in 2021 and is projected to maintain its dominance over the forecast period. Additionally, growing demand for Point of Sale (POS) machines for digital transaction management from numerous incumbents from hospitality, retail, and healthcare industries is largely driving the growth of the hardware segment. Moreover, the emergence of contactless cards and electronic signature pads for digital transaction management is also expected to subsidize the market growth. For instance, in July 2018, Mitek, a digital identity verification solutions provider and eDOC Innovations, announced their partnership towards "Mobile Deposit®" and its advanced risk mitigation for "eDOCMobile RDC".
"The increasing trend of technological advancement, customer's demand, and government regulations worldwide will boost the component segment"
Growing advancement in technologies like bar code scanner, GPS system, NFC, coupled with increasing use of internet and mobile services are the powerful enablers for digital transaction system. In addition, distributed ledger technology (DLT), Internet of Things (IoT) based devices, application programming interface (API), point of sale (POS), tokenization, and digital wallets is digitally integrating every industry with payment landscape in order to create a seamless payment gateway system. Increasing customer demand towards non-physical interfaces, including financial services and FinTechs are continuously facilitate a seamless and faster payment services, thereby driving the market for hardware services on a global scale. Moreover, rising government regulations played a crucial role in proliferation and success in digital solutions globally. For instance, introduction of unified payment interface (UPI), a government of India (GoI) initiative have boosted the digital payment system.
Regional Analysis
"Dominance is led by the growing application of digital transactions coupled with presence of global market players."
North America is expected to emerge as a leading region in global digital transaction management market from 2022 to 2030. The region holds a dominance position, owing to increasing application towards digital transaction management solutions in across various industries in developed countries like the U.S. and Canada. Moreover, presence of numerous players in the global digital transaction management market also support the overall growth in the North America region. For instance, Lone Wolf Technology, a residential real estate software solution provider, announced its acquisition with zipLogix™, a transaction management enterprise, in order to provide eSignatures, and electronic forms solutions for the real estate industries across the region. Furthermore, in April 2018, Science Inc., a US-based startup incubator company made its partnership with SIGNiX to enter into the "Blockchain technology" using complex cryptographic constructs for smart contracts called PKI.
In North America, online transactions and payments gateways are growing with (2-3) % quicker than its regional GDP for the past four years, owing to the rapid transaction growth and expansion of interest-margin. Additionally, adoption of e-invoicing is driven by large corporations in order to automate their processes such as "AP and AR" will enhance a faster processing, higher efficiency, and lower costs. Moreover, the market demand is likely to accelerate owing to the adoption and investments in research and development (R&D) on cloud based technologies across developed economies such as the U.S., Canada, and Mexico. The aforementioned factors are projected to boost up the market growth over the forecast period from 2019-2027.
List of Companies Covered:
Adobe Systems Incorporated
Namirial SPA
DocuSign Inc.
Nintex Global Ltd.
HELLOSIGN
ZorroSign, Inc.
AssureSign LLC
ThinkSmart LLC
Kofax, Inc.
eOriginal, Inc.
Key Industry Developments:
In February 2020, AssureSign, a solution provider of electronic signature and digital transaction management have announced its leadership position in the "2020 Aragon Research Globe" submit for Digital Transaction Management (DTM).
In January 2017, PandaDoc, a premier digital transaction management solution vendor, provides no-cost templates in order to help organizations with better proposals, quotes, and contract management processes by using PandaDoc's best templates.
In January 2020, eOriginal, Inc. announced its recognition as an industry leader for the fourth consecutive time in The Aragon Research Globe™ for digital transaction management.
In April 2018, eOriginal, Inc. and MERSCORP Holdings, Inc. launched a new solution named "MERS® eNote", in order to accelerate the entry for digital mortgage ecosystem. The solution enable the execution, creation, management, and registration of the eNote or electronic note, to mortgage designers across the industry.
Historical & Forecast Period
This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Digital Transaction Management market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report
Micro and macro environment factors that are currently influencing the Digital Transaction Management market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE DETAILS
Research Period 2020-2030
Base Year 2021
Forecast Period 2022-2030
Historical Year 2020
Unit USD Billion
Segmentation
Component Type
Hardware
Software
Services
Vertical Type
BSFI
Retail
Healthcare
Government
IT & Telecommunication
Others (Transportation, Manufacturing, etc.)
End-user
SME
Large Enterprises
Region Segment (2020-2030; US$ Billion)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Billion )
Pre Covid-19 situation
Post Covid-19 situation
Key questions answered in this report
What are the key micro and macro environmental factors that are impacting the growth of Digital Transaction Management market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2030.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Digital Transaction Management market?
Which is the largest regional market for Digital Transaction Management market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Digital Transaction Management market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Digital Transaction Management market worldwide?
Table of Contents
1. Preface
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. Target Audience
- 1.1.3. Key Offerings
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.3.1. Phase I - Secondary Research
- 1.3.2. Phase II - Primary Research
- 1.3.3. Phase III - Expert Panel Review
- 1.3.4. Assumptions
- 1.3.5. Approach Adopted
2. Executive Summary
- 2.1. Market Snapshot: Global Digital Transaction Management Market
- 2.2. Global Digital Transaction Management Market, By Component Type , 2021 (US$ Billion)
- 2.3. Global Digital Transaction Management Market, By Vertical Type , 2021 (US$ Billion)
- 2.4. Global Digital Transaction Management Market, By End-user , 2021 (US$ Billion)
- 2.5. Global Digital Transaction Management Market, By Geography, 2021 (US$ Billion)
- 2.6. Impact of Covid 19
- 2.7. Attractive Investment Proposition by Geography, 2021
- 2.8. Competitive Analysis
- 2.8.1. Market Positioning of Key Digital Transaction Management Market Vendors
- 2.8.2. Strategies Adopted by Digital Transaction Management Market Vendors
- 2.8.3. Key Industry Strategies
3. Digital Transaction Management Market: Business Outlook & Market Dynamics
- 3.1. Introduction
- 3.2. Global Digital Transaction Management Market Value, 2020 - 2030, (US$ Billion)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers
- 3.3.2. Market Restraints
- 3.3.3. Key Challenges
- 3.3.4. Key Opportunities
- 3.4. Impact Analysis of Drivers and Restraints
- 3.5. See-Saw Analysis
- 3.6. Porter's Five Force Model
- 3.6.1. Supplier Power
- 3.6.2. Buyer Power
- 3.6.3. Threat Of Substitutes
- 3.6.4. Threat Of New Entrants
- 3.6.5. Competitive Rivalry
- 3.7. PESTEL Analysis
- 3.7.1. Political Landscape
- 3.7.2. Economic Landscape
- 3.7.3. Technology Landscape
- 3.7.4. Legal Landscape
- 3.7.5. Social Landscape
4. Digital Transaction Management Market: By Component Type , 2020-2030, USD (Billion)
- 4.1. Market Overview
- 4.2. Growth & Revenue Analysis: 2021 Versus 2030
- 4.3. Market Segmentation
- 4.3.1. Hardware
- 4.3.2. Software
- 4.3.3. Services
5. Digital Transaction Management Market: By Vertical Type , 2020-2030, USD (Billion)
- 5.1. Market Overview
- 5.2. Growth & Revenue Analysis: 2021 Versus 2030
- 5.3. Market Segmentation
- 5.3.1. BSFI
- 5.3.2. Retail
- 5.3.3. Healthcare
- 5.3.4. Government
- 5.3.5. IT & Telecommunication
- 5.3.6. Others (Transportation, Manufacturing, etc.)
6. Digital Transaction Management Market: By End-user , 2020-2030, USD (Billion)
- 6.1. Market Overview
- 6.2. Growth & Revenue Analysis: 2021 Versus 2030
- 6.3. Market Segmentation
- 6.3.1. SME
- 6.3.2. Large Enterprises
7. North America Digital Transaction Management Market, 2020-2030, USD (Billion)
- 7.1. Market Overview
- 7.2. Digital Transaction Management Market: By Component Type , 2020-2030, USD (Billion)
- 7.3. Digital Transaction Management Market: By Vertical Type , 2020-2030, USD (Billion)
- 7.4. Digital Transaction Management Market: By End-user , 2020-2030, USD (Billion)
- 7.5.Digital Transaction Management Market: By Region, 2020-2030, USD (Billion)
- 7.5.1.North America
- 7.5.1.1. U.S.
- 7.5.1.2. Canada
- 7.5.1.3. Rest of North America
- 7.5.1.North America
8. UK and European Union Digital Transaction Management Market, 2020-2030, USD (Billion)
- 8.1. Market Overview
- 8.2. Digital Transaction Management Market: By Component Type , 2020-2030, USD (Billion)
- 8.3. Digital Transaction Management Market: By Vertical Type , 2020-2030, USD (Billion)
- 8.4. Digital Transaction Management Market: By End-user , 2020-2030, USD (Billion)
- 8.5.Digital Transaction Management Market: By Region, 2020-2030, USD (Billion)
- 8.5.1.UK and European Union
- 8.5.1.1. UK
- 8.5.1.2. Germany
- 8.5.1.3. Spain
- 8.5.1.4. Italy
- 8.5.1.5. France
- 8.5.1.6. Rest of Europe
- 8.5.1.UK and European Union
9. Asia Pacific Digital Transaction Management Market, 2020-2030, USD (Billion)
- 9.1. Market Overview
- 9.2. Digital Transaction Management Market: By Component Type , 2020-2030, USD (Billion)
- 9.3. Digital Transaction Management Market: By Vertical Type , 2020-2030, USD (Billion)
- 9.4. Digital Transaction Management Market: By End-user , 2020-2030, USD (Billion)
- 9.5.Digital Transaction Management Market: By Region, 2020-2030, USD (Billion)
- 9.5.1.Asia Pacific
- 9.5.1.1. China
- 9.5.1.2. Japan
- 9.5.1.3. India
- 9.5.1.4. Australia
- 9.5.1.5. South Korea
- 9.5.1.6. Rest of Asia Pacific
- 9.5.1.Asia Pacific
10. Latin America Digital Transaction Management Market, 2020-2030, USD (Billion)
- 10.1. Market Overview
- 10.2. Digital Transaction Management Market: By Component Type , 2020-2030, USD (Billion)
- 10.3. Digital Transaction Management Market: By Vertical Type , 2020-2030, USD (Billion)
- 10.4. Digital Transaction Management Market: By End-user , 2020-2030, USD (Billion)
- 10.5.Digital Transaction Management Market: By Region, 2020-2030, USD (Billion)
- 10.5.1.Latin America
- 10.5.1.1. Brazil
- 10.5.1.2. Mexico
- 10.5.1.3. Rest of Latin America
- 10.5.1.Latin America
11. Middle East and Africa Digital Transaction Management Market, 2020-2030, USD (Billion)
- 11.1. Market Overview
- 11.2. Digital Transaction Management Market: By Component Type , 2020-2030, USD (Billion)
- 11.3. Digital Transaction Management Market: By Vertical Type , 2020-2030, USD (Billion)
- 11.4. Digital Transaction Management Market: By End-user , 2020-2030, USD (Billion)
- 11.5.Digital Transaction Management Market: By Region, 2020-2030, USD (Billion)
- 11.5.1.Middle East and Africa
- 11.5.1.1. GCC
- 11.5.1.2. Africa
- 11.5.1.3. Rest of Middle East and Africa
- 11.5.1.Middle East and Africa
12. Company Profile
- 12.1. Adobe Systems Incorporated
- 12.1.1. Company Overview
- 12.1.2. Financial Performance
- 12.1.3. Product Portfolio
- 12.1.4. Strategic Initiatives
- 12.2. Namirial SPA
- 12.2.1. Company Overview
- 12.2.2. Financial Performance
- 12.2.3. Product Portfolio
- 12.2.4. Strategic Initiatives
- 12.3. DocuSign Inc.
- 12.3.1. Company Overview
- 12.3.2. Financial Performance
- 12.3.3. Product Portfolio
- 12.3.4. Strategic Initiatives
- 12.4. Nintex Global Ltd.
- 12.4.1. Company Overview
- 12.4.2. Financial Performance
- 12.4.3. Product Portfolio
- 12.4.4. Strategic Initiatives
- 12.5. HELLOSIGN
- 12.5.1. Company Overview
- 12.5.2. Financial Performance
- 12.5.3. Product Portfolio
- 12.5.4. Strategic Initiatives
- 12.6. ZorroSign, Inc.
- 12.6.1. Company Overview
- 12.6.2. Financial Performance
- 12.6.3. Product Portfolio
- 12.6.4. Strategic Initiatives
- 12.7. AssureSign LLC
- 12.7.1. Company Overview
- 12.7.2. Financial Performance
- 12.7.3. Product Portfolio
- 12.7.4. Strategic Initiatives
- 12.8. ThinkSmart LLC
- 12.8.1. Company Overview
- 12.8.2. Financial Performance
- 12.8.3. Product Portfolio
- 12.8.4. Strategic Initiatives
- 12.9. Kofax, Inc.
- 12.9.1. Company Overview
- 12.9.2. Financial Performance
- 12.9.3. Product Portfolio
- 12.9.4. Strategic Initiatives
- 12.10. eOriginal, Inc.
- 12.10.1. Company Overview
- 12.10.2. Financial Performance
- 12.10.3. Product Portfolio
- 12.10.4. Strategic Initiatives
List of Tables
- TABLE 1 Global Digital Transaction Management Market By Component Type , 2020-2030, USD (Billion)
- TABLE 2 Global Digital Transaction Management Market By Vertical Type , 2020-2030, USD (Billion)
- TABLE 3 Global Digital Transaction Management Market By End-user , 2020-2030, USD (Billion)
- TABLE 4 North America Digital Transaction Management Market By Component Type , 2020-2030, USD (Billion)
- TABLE 5 North America Digital Transaction Management Market By Vertical Type , 2020-2030, USD (Billion)
- TABLE 6 North America Digital Transaction Management Market By End-user , 2020-2030, USD (Billion)
- TABLE 7 UK and European Union Digital Transaction Management Market By Component Type , 2020-2030, USD (Billion)
- TABLE 8 UK and European Union Digital Transaction Management Market By Vertical Type , 2020-2030, USD (Billion)
- TABLE 9 UK and European Union Digital Transaction Management Market By End-user , 2020-2030, USD (Billion)
- TABLE 10 Asia Pacific Digital Transaction Management Market By Component Type , 2020-2030, USD (Billion)
- TABLE 11 Asia Pacific Digital Transaction Management Market By Vertical Type , 2020-2030, USD (Billion)
- TABLE 12 Asia Pacific Digital Transaction Management Market By End-user , 2020-2030, USD (Billion)
- TABLE 13 Latin America Digital Transaction Management Market By Component Type , 2020-2030, USD (Billion)
- TABLE 14 Latin America Digital Transaction Management Market By Vertical Type , 2020-2030, USD (Billion)
- TABLE 15 Latin America Digital Transaction Management Market By End-user , 2020-2030, USD (Billion)
- TABLE 16 Middle East and Africa Digital Transaction Management Market By Component Type , 2020-2030, USD (Billion)
- TABLE 17 Middle East and Africa Digital Transaction Management Market By Vertical Type , 2020-2030, USD (Billion)
- TABLE 18 Middle East and Africa Digital Transaction Management Market By End-user , 2020-2030, USD (Billion)
List of Figures
- FIG. 1 Global Digital Transaction Management Market: Market Coverage
- FIG. 2 Research Methodology and Data Sources
- FIG. 3 Market Size Estimation - Top Down & Bottom-Up Approach
- FIG. 4 Global Digital Transaction Management Market: Quality Assurance
- FIG. 5 Global Digital Transaction Management Market, By Component Type , 2021
- FIG. 6 Global Digital Transaction Management Market, By Vertical Type , 2021
- FIG. 7 Global Digital Transaction Management Market, By End-user , 2021
- FIG. 8 Global Digital Transaction Management Market, By Geography, 2021
- FIG. 9 Global Digital Transaction Management Market, By Component Type , 2021 Vs 2030, %
- FIG. 10 Global Digital Transaction Management Market, By Vertical Type , 2021 Vs 2030, %
- FIG. 11 Global Digital Transaction Management Market, By End-user , 2021 Vs 2030, %
- FIG. 12 U.S. Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 13 Canada Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 14 Rest of North America Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 15 UK Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 16 Germany Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 17 Spain Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 18 Italy Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 19 France Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 20 Rest of Europe Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 21 China Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 22 Japan Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 23 India Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 24 Australia Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 25 South Korea Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 26 Rest of Asia Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 27 Brazil Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 28 Mexico Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 29 Rest of Latin America Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 30 GCC Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 31 Africa Digital Transaction Management Market (US$ Billion), 2020 - 2030
- FIG. 32 Rest of Middle East and Africa Digital Transaction Management Market (US$ Billion), 2020 - 2030
