The global digital signature market is expected to witness a CAGR of 24.54% during the forecast period. Certain factors that are driving the market growth include a growing number of partnerships and acquisitions, increasing digital signature adoption cloud-based deployment, and government regulations supporting digital signature. As per the latest market research report published by Technavio, the global digital signature market size will grow by USD 1.99 billion during 2019-2023. Get the free sample report below for the detailed information.
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The adoption of the digital signature is highly beneficial for individual consumers as well as businesses. The adoption of digital signature will eliminate the use of physical ink-based signature and help users save cost and time significantly along with the benefit of high security. If the digital signatures are not bound by government regulations, many times, many users are reluctant to adopt digital signatures.
In the US, Electronic Signatures in ESIGN and UETA were enacted in 2000, which fuelled the growth of the digital signature market in the US. The growth of the digital signature market is on the rise due to the growing introduction and adoption of these regulations in new geographies. Hence, the rising number of government regulations being announced toward the legalization and acceptance of the digital signature is expected to drive the global digital signature market. To know the complete and in-depth analysis and forecast of this market get the complete report by clicking the link below.
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