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US Digital Signature Market Revolutionary Trends, Future Potential and Revenue Estimation in Industry Statistics

A key driver of the US digital signature market is the Government Paperwork Elimination Act (GPEA). The law states that individuals and entities should make transactions and maintain records electronically or digitally, whenever feasible, while dealing with federal agencies. The law also states that electronically stored signatures and records should not be denied validity.

The GPEA encourages central agencies to utilize electronic signatures, electronic forms, and electronic filing for conducting business with the public. Due to these factors, the demand for this technology is increasing in the country. Because of the expansion of the e-commerce industry, major opportunities lie in the US digital signature market.

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The e-commerce industry is witnessing growth due to the ease of transactions and rising internet penetration. As per the Ecommerce Foundation, in 2015, the US e-commerce market was the second largest across the world. By utilizing the technology of digital signature, companies are empowered with authentication, integrity, confidentiality, and legal non-repudiation in their business transactions.

Because of these factors, the growing e-commerce market in the country is driving the demand for digital signature. On the basis of service, the US digital signature market is bifurcated into managed and professional services. The category of managed services dominated the market during the historical period, and it is also projected to lead the market during the forecast period.

This is due to the emerging trend of outsourcing proactive basis management responsibilities and functions, because of which managed services have become popular among enterprises which want to focus on cutting down their operational costs and improving the organizational efficiency. This market research report provides a comprehensive overview of the US digital signature market
  • Historical and the present size of the US digital signature market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential

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