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Rapid Digitization in Corporate Sector To Drive E-Signature Demand

As enterprises are transferring their businesses to the cloud, it has become essential for organizations to shift from wet signatures to e-signatures. The rising deployment of cloud technology and mobile banking transactions, especially during the COVID-19 pandemic, is escalating the need for multi-channel security solutions and improved user experience across all sectors.

Moreover, the escalating frequency of cyberattacks, owing to the vulnerabilities attached to cloud technology, will encourage enterprises to adopt advanced security solutions, such as e-signatures, in the coming years. Additionally, the rapid digital advancements being made in the corporate sector will fuel the e-signature market at a CAGR of 26.6% during 2021–2030. The market revenue stood at $1,198.6 million in 2020 and it is projected to reach $12,721.4 million by 2030. 



The surging digitization in the corporate sector has accelerated the need for online document authentication, owing to which, enterprises are deploying e-signature solutions as they offer security and authentication to online businesses. Such identity and access management (IAM) solutions also improve cash management by automating the payment and transaction processes.

Besides, the soaring adoption of signature pads in forensic applications will also boost the usage of e-signatures in the foreseeable future. Signature pads help in providing a high degree of security and personalization, as each signature is identifiable and unique, by preserving the forensic information of signatures, such as writing dynamics and pressure. This device uses a pen-type stylus to electronically capture a handwritten signature on a touchpad. For instance, financial institutions in the U.S. are increasingly using pen interfaces for transforming the banking experience.

This market research report provides a comprehensive overview of the 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
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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