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PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1111334
PUBLISHER: IMARC Services Private Limited | PRODUCT CODE: 1111334
Signature Verification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
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The global signature verification market size reached US$ 1.6 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.7 Billion by 2027, exhibiting a growth rate (CAGR) of 23.87% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Signature verification refers to the usage of software for auto-validating signatures from the signatory with claimed individuals. An image of the signature is generally fed into the software and compared with the signature image on a file. It saves time, reduces operational costs, authenticates the legal identity of the person and facilitates the workflow of organizations. Consequently, it is widely employed in the education, government, healthcare and banking, financial services and insurance (BFSI) sector to ensure process compliance and minimize human errors in clearing financial documents.
A significant rise in the instances of data theft and identity duplication represents one of the major factors impelling the global signature verification market growth. Apart from this, the increasing cases of security breaches and transaction fraud in the healthcare, education, defense and BFSI industries are escalating the demand for signature verification solutions to prevent the loss of critical and confidential data. Moreover, the widespread adoption of electronic signatures in the retail sector is contributing to the market growth. Furthermore, the dynamic signature verification (DSV) that compares signatures based on various parameters, such as velocity, acceleration, pressure and geometrical shape, of the biometric sample is gaining traction worldwide. Moreover, several organizations are shifting towards the remote working model due to the spread of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of various countries. As a result, they are adopting electronic signing, which is increasing the demand for signature verification software to identify and authenticate business transactions within legal frameworks.
Key Market Segmentation:
- IMARC Group provides an analysis of the key trends in each sub-segment of the global signature verification market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, technology and end use industry.
Breakup by Product Type:
- Hardware
- Software
Breakup by Technology:
- Static Signature Verification
- Dynamic Signature Verification
Breakup by End Use Industry:
- Education
- Government
- BFSI
- Healthcare
- Transport/Logistics
- Defense and Security
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the industry has also been examined with some of the key players being 01 Systems, Ascertia Ltd., Biometric Signature ID, Certify Global Inc., Cyber Signs Ltd., DataVision Software Solutions Pvt. Ltd., Dynasign Corporation, Entrust Datacard Corporation, Hitachi Ltd., iSign Solutions Inc., J.C. Lads Corporation, Odyssey Technologies Limited, Scriptel Corporation and Sutisoft Inc.
Key Questions Answered in This Report:
- How has the global signature verification market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global signature verification market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global signature verification market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR0822A32_Report
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Signature Verification Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product Type
- 6.1 Hardware
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Software
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Technology
- 7.1 Static Signature Verification
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Dynamic Signature Verification
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Education
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Government
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 BFSI
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Healthcare
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Transport/Logistics
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Defense and Security
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
- 8.7 Others
- 8.7.1 Market Trends
- 8.7.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 01 Systems
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 Ascertia Ltd.
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Biometric Signature ID
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Certify Global Inc.
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Cyber Signs Ltd
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 DataVision Software Solutions Pvt. Ltd.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Dynasign Corporation
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Entrust Datacard Corporation
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Hitachi Ltd.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.9.3 Financials
- 13.3.9.4 SWOT Analysis
- 13.3.10 iSign Solutions Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 Financials
- 13.3.11 J.C. Lads Corporation
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Odyssey Technologies Limited
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.12.3 Financials
- 13.3.13 Scriptel Corporation
- 13.3.13.1 Company Overview
- 13.3.13.2 Product Portfolio
- 13.3.14 Sutisoft Inc.
- 13.3.14.1 Company Overview
- 13.3.14.2 Product Portfolio
- 13.3.1 01 Systems
Product Code: SR0822A32_Report
List of Figures
- Figure 1: Global: Signature Verification Market: Major Drivers and Challenges
- Figure 2: Global: Signature Verification Market: Sales Value (in Billion US$), 2016-2021
- Figure 3: Global: Signature Verification Market Forecast: Sales Value (in Billion US$), 2022-2027
- Figure 4: Global: Signature Verification Market: Breakup by Product Type (in %), 2021
- Figure 5: Global: Signature Verification Market: Breakup by Technology (in %), 2021
- Figure 6: Global: Signature Verification Market: Breakup by End Use Industry (in %), 2021
- Figure 7: Global: Signature Verification Market: Breakup by Region (in %), 2021
- Figure 8: Global: Signature Verification (Hardware) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 9: Global: Signature Verification (Hardware) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 10: Global: Signature Verification (Software) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 11: Global: Signature Verification (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 12: Global: Signature Verification (Static Signature Verification) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 13: Global: Signature Verification (Static Signature Verification) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 14: Global: Signature Verification (Dynamic Signature Verification) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 15: Global: Signature Verification (Dynamic Signature Verification) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 16: Global: Signature Verification (Education) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 17: Global: Signature Verification (Education) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 18: Global: Signature Verification (Government) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 19: Global: Signature Verification (Government) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 20: Global: Signature Verification (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 21: Global: Signature Verification (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 22: Global: Signature Verification (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 23: Global: Signature Verification (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 24: Global: Signature Verification (Transport/Logistics) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 25: Global: Signature Verification (Transport/Logistics) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 26: Global: Signature Verification (Defense and Security) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 27: Global: Signature Verification (Defense and Security) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 28: Global: Signature Verification (Other End Use Industries) Market: Sales Value (in Million US$), 2016 & 2021
- Figure 29: Global: Signature Verification (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 30: North America: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 31: North America: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 32: United States: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 33: United States: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 34: Canada: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 35: Canada: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 36: Asia Pacific: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 37: Asia Pacific: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 38: China: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 39: China: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 40: Japan: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 41: Japan: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 42: India: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 43: India: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 44: South Korea: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 45: South Korea: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 46: Australia: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 47: Australia: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 48: Indonesia: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 49: Indonesia: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 50: Others: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 51: Others: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 52: Europe: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 53: Europe: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 54: Germany: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 55: Germany: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 56: France: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 57: France: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 58: United Kingdom: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 59: United Kingdom: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 60: Italy: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 61: Italy: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 62: Spain: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 63: Spain: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 64: Russia: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 65: Russia: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 66: Others: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 67: Others: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 68: Latin America: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 69: Latin America: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 70: Brazil: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 71: Brazil: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 72: Mexico: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 73: Mexico: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 74: Others: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 75: Others: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 76: Middle East and Africa: Signature Verification Market: Sales Value (in Million US$), 2016 & 2021
- Figure 77: Middle East and Africa: Signature Verification Market Forecast: Sales Value (in Million US$), 2022-2027
- Figure 78: Global: Signature Verification Industry: SWOT Analysis
- Figure 79: Global: Signature Verification Industry: Value Chain Analysis
- Figure 80: Global: Signature Verification Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Signature Verification Market: Key Industry Highlights, 2021 and 2027
- Table 2: Global: Signature Verification Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
- Table 3: Global: Signature Verification Market Forecast: Breakup by Technology (in Million US$), 2022-2027
- Table 4: Global: Signature Verification Market Forecast: Breakup by End Use Industry (in Million US$), 2022-2027
- Table 5: Global: Signature Verification Market Forecast: Breakup by Region (in Million US$), 2022-2027
- Table 6: Global: Signature Verification Market: Competitive Structure
- Table 7: Global: Signature Verification Market: Key Players
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