PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1085018
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1085018
Digital signature is an innovative technology that is used to authenticate the legitimacy and integrate a document, software, or electronic data. Digital signatures are a standard element of most legal proceedings and cryptographic protocol suites are majorly used for software distribution, contract software management software, and financial transactions. Various countries such as the U.S., Brazil, Saudi Arabia, India, Indonesia, Switzerland, and other European countries consider electronic signature as legally significant. Digital signature is a part of electronic signature as it is also in electronic form. However, digital signatures offers more in terms of providing security and integrity of information etc.
Various companies are minimizing the security risk associated with fraud by offering data integrity, message authentication, and non-repudiation. The use of digital signature reduces the risk of documents being intercepted, deflected, or altered while in transit. Moreover, a digitally signed document can be held legal and valid in the court similar to any other signed paper document. This, in turn, has increased the adoption of digital signature software in numerous companies thereby driving growth of the global digital signature software market during the forecast period.
The adoption of digital signature software is extremely low in emerging economies, owing to lack of awareness and absence of supportive regulatory norms. Moreover, various industries are reluctant to adopt digital signature software due to lack supportive infrastructure, which in turn, is expected to restrain growth of the global digital signature software market over the forecast period.
This report segments the global digital signature software market on the basis of component, end-user, and industry. On the basis of component, the global digital signature software market is segmented into software and services. On the basis of end-user, the market is segmented into consumer and enterprises. On the basis of industry, the market is segmented into BFSI, defense, government, retail & consumer goods, healthcare, education, IT & telecom, and others.