Europe E-Signature Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Market Overview

In 2023, the European e-signature market generated USD 1,471.2 million in revenue. It is projected to experience a substantial CAGR of 35.4% between 2024 and 2030, reaching USD 12,177.1 million by 2030. This can be credited to the increase in the occurrence of remote working models, supportive government regulations, the surge in the size of online documentation procedures, and the cost-efficacy of e-signatures.

SMEs are more and more accepting of e-signatures because they get rid of paperwork and thus late flows of documents, such as those in sales and HR teams. Moreover, the number of administrative tasks is reduced by around 30%, and you have to pay nothing for materials and shipping.

The utilization of these technologies also enables the creation of good trading opportunities with the rest of the world, because it significantly cuts the travel expenses and the HR expenses for authenticated papers.

Moreover, their permeation through SMEs in Europe has increased under the COVID-19 effect, along with them keeping the workflow from remote locations since. Therefore, Paris-based SME Yousign is targeting SMEs, however not above 50,000 small and medium-sized

firms in the continent by the end of 2024.

An important factor that cannot be left out is that there is a massive digital transformation around the region at a very high rate. This means that the documentation processes in the organizations and institutions end up being digitized.

Key Insights

During the projection period, the service category is projected to advance at the highest CAGR of 35.8%.

This development is credited to the advantages such as significantly decreased processing time from days to hours.

Electronic services also have lower prices and advanced work efficacy; for example, in Spain, physical transactions are priced at about USD 84, while electronic ones cost between USD 6 and USD 9.

In 2023, the BFSI industry held the largest industry share of approximately 40%, with an estimated CAGR of 36%.

The development is propelled by the demand for customer-centric applications and BFSI's concentration on understanding digital preferences.

Digital signatures in BFSI guarantee identity safety, robust security, and governing compliance management.

They streamline complex procedures and speed up client onboarding.

During the projection period, the cloud category is projected to advance at a higher CAGR of 35.8%.

Data security is a key worry confronted by cloud-based e-signature software.

Storing the signature key on a remote server decreases the danger of data loss to cyber criminals.

This surges the need for cloud-based e-signature software in the continent.

In 2023, the PKI category held the largest industry share of approximately 35%.

PKI is preferred for its standard tech permitting trust provider selection without needing an online third-party verification server.

Clickwrap electronic signatures are estimated to have the highest CAGR of 35.7% over the projection period.

Clickwrap signatures offer centralized contract storage for back-end records, driving demand.

In 2023, the U.K. held the largest industry share of 34.9% because of augmented e-signature usage for digital identification.

GOV.UK Verify which belongs to G.O.V l confirms the person using government documents like passport or driving licenses, that is to say, except one safe and quick entry process.

Germany, which is the second largest market in Europe, has been doing that since 2001. It is on the legal grounds of the e-signature law in Germany.

Product Code: 12336

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by component
- 1.4.2. Market size breakdown, by deployment type
- 1.4.3. Market size breakdown, by type
- 1.4.4. Market size breakdown, by use case
- 1.4.5. Market size breakdown, by vertical
- 1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Europe Market

6.1. Overview
6.2. Market Revenue, by Component (2017-2030)
- 6.2.1. Service market revenue, by type (2017-2030)
6.3. Market Revenue, by Deployment Type (2017-2030)
6.4. Market Revenue, by Type (2017-2030)
6.5. Market Revenue, by Use Case (2017-2030)
6.6. Market Revenue, by Vertical (2017-2030)
6.7. Market Revenue, by Country (2017-2030)

Chapter 7. U.K. Market

7.1. Overview
7.2. Market Revenue, by Component (2017-2030)
- 7.2.1. Service market revenue, by type (2017-2030)
7.3. Market Revenue, by Deployment Type (2017-2030)
7.4. Market Revenue, by Type (2017-2030)
7.5. Market Revenue, by Use Case (2017-2030)
7.6. Market Revenue, by Vertical (2017-2030)

Chapter 8. Germany Market

8.1. Overview
8.2. Market Revenue, by Component (2017-2030)
- 8.2.1. Service market revenue, by type (2017-2030)
8.3. Market Revenue, by Deployment Type (2017-2030)
8.4. Market Revenue, by Type (2017-2030)
8.5. Market Revenue, by Use Case (2017-2030)
8.6. Market Revenue, by Vertical (2017-2030)

Chapter 9. France Market

9.1. Overview
9.2. Market Revenue, by Component (2017-2030)
- 9.2.1. Service market revenue, by type (2017-2030)
9.3. Market Revenue, by Deployment Type (2017-2030)
9.4. Market Revenue, by Type (2017-2030)
9.5. Market Revenue, by Use Case (2017-2030)
9.6. Market Revenue, by Vertical (2017-2030)

Chapter 10. Italy Market

10.1. Overview
10.2. Market Revenue, by Component (2017-2030)
- 10.2.1. Service market revenue, by type (2017-2030)
10.3. Market Revenue, by Deployment Type (2017-2030)
10.4. Market Revenue, by Type (2017-2030)
10.5. Market Revenue, by Use Case (2017-2030)
10.6. Market Revenue, by Vertical (2017-2030)

Chapter 11. Spain Market

11.1. Overview
11.2. Market Revenue, by Component (2017-2030)
- 11.2.1. Service market revenue, by type (2017-2030)
11.3. Market Revenue, by Deployment Type (2017-2030)
11.4. Market Revenue, by Type (2017-2030)
11.5. Market Revenue, by Use Case (2017-2030)
11.6. Market Revenue, by Vertical (2017-2030)

Chapter 12. Poland Market

12.1. Overview
12.2. Market Revenue, by Component (2017-2030)
- 12.2.1. Service market revenue, by type (2017-2030)
12.3. Market Revenue, by Deployment Type (2017-2030)
12.4. Market Revenue, by Type (2017-2030)
12.5. Market Revenue, by Use Case (2017-2030)
12.6. Market Revenue, by Vertical (2017-2030)

Chapter 13. Netherlands Market

13.1. Overview
13.2. Market Revenue, by Component (2017-2030)
- 13.2.1. Service market revenue, by type (2017-2030)
13.3. Market Revenue, by Deployment Type (2017-2030)
13.4. Market Revenue, by Type (2017-2030)
13.5. Market Revenue, by Use Case (2017-2030)
13.6. Market Revenue, by Vertical (2017-2030)

Chapter 14. Sweden Market

14.1. Overview
14.2. Market Revenue, by Component (2017-2030)
- 14.2.1. Service market revenue, by type (2017-2030)
14.3. Market Revenue, by Deployment Type (2017-2030)
14.4. Market Revenue, by Type (2017-2030)
14.5. Market Revenue, by Use Case (2017-2030)
14.6. Market Revenue, by Vertical (2017-2030)

Chapter 15. Denmark Market

15.1. Overview
15.2. Market Revenue, by Component (2017-2030)
- 15.2.1. Service market revenue, by type (2017-2030)
15.3. Market Revenue, by Deployment Type (2017-2030)
15.4. Market Revenue, by Type (2017-2030)
15.5. Market Revenue, by Use Case (2017-2030)
15.6. Market Revenue, by Vertical (2017-2030)

Chapter 16. Belgium Market

16.1. Overview
16.2. Market Revenue, by Component (2017-2030)
- 16.2.1. Service market revenue, by type (2017-2030)
16.3. Market Revenue, by Deployment Type (2017-2030)
16.4. Market Revenue, by Type (2017-2030)
16.5. Market Revenue, by Use Case (2017-2030)
16.6. Market Revenue, by Vertical (2017-2030)

Chapter 17. Romania Market

17.1. Overview
17.2. Market Revenue, by Component (2017-2030)
- 17.2.1. Service market revenue, by type (2017-2030)
17.3. Market Revenue, by Deployment Type (2017-2030)
17.4. Market Revenue, by Type (2017-2030)
17.5. Market Revenue, by Use Case (2017-2030)
17.6. Market Revenue, by Vertical (2017-2030)

Chapter 18. Norway Market

18.1. Overview
18.2. Market Revenue, by Component (2017-2030)
- 18.2.1. Service market revenue, by type (2017-2030)
18.3. Market Revenue, by Deployment Type (2017-2030)
18.4. Market Revenue, by Type (2017-2030)
18.5. Market Revenue, by Use Case (2017-2030)
18.6. Market Revenue, by Vertical (2017-2030)

Chapter 19. Competitive Landscape

19.1. List of Market Players and their Offerings
19.2. Competitive Benchmarking of Key Players
19.3. Product Benchmarking of Key Players
19.4. Recent Strategic Developments

Chapter 20. Company Profiles

20.1. Adobe Inc.
- 20.1.1. Business overview
- 20.1.2. Product and service offerings
- 20.1.3. Key financial summary
20.2. DocuSign Inc.
- 20.2.1. Business overview
- 20.2.2. Product and service offerings
- 20.2.3. Key financial summary
20.3. Thales Group
- 20.3.1. Business overview
- 20.3.2. Product and service offerings
- 20.3.3. Key financial summary
20.4. Entrust Corporation
- 20.4.1. Business overview
- 20.4.2. Product and service offerings
- 20.4.3. Key financial summary
20.5. Formstack LLC
- 20.5.1. Business overview
- 20.5.2. Product and service offerings
- 20.5.3. Key financial summary
20.6. airSlate Inc.
- 20.6.1. Business overview
- 20.6.2. Product and service offerings
- 20.6.3. Key financial summary
20.7. Foxit Corporation
- 20.7.1. Business overview
- 20.7.2. Product and service offerings
- 20.7.3. Key financial summary
20.8. Citrix Systems Inc.
- 20.8.1. Business overview
- 20.8.2. Product and service offerings
- 20.8.3. Key financial summary
20.9. PandaDoc Inc.
- 20.9.1. Business overview
- 20.9.2. Product and service offerings
- 20.9.3. Key financial summary
20.10. OneSpan Inc.
- 20.10.1. Business overview
- 20.10.2. Product and service offerings
- 20.10.3. Key financial summary
20.11. Dropbox Inc.
- 20.11.1. Business overview
- 20.11.2. Product and service offerings
- 20.11.3. Key financial summary

Chapter 21. Appendix

21.1. Abbreviations
21.2. Sources and References
21.3. Related Reports

Europe E-Signature Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)