Blockchain Press Releases
Digital Signature Market Size to Grow USD 3818.4 Million by 2029 at a CAGR of 20.8% | Valuates Reports
BANGALORE, India, Aug. 7, 2023 /PRNewswire/ — The Digital Signature Market is Segmented by Type (Hardware, Software), by Application (Small and Medium Enterprises (SME), Large Enterprises): Global Opportunity Analysis and Industry Forecast, 2022-2029.
The global Digital Signature market was valued at USD 1228.2 Million in 2022 and is anticipated to reach USD 3818.4 Million by 2029, witnessing a CAGR of 20.8% during the forecast period 2023-2029.
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Major Factors Driving the Growth of Digital Signature Market:
The widespread use of digital signatures in internal business communications and processes, together with improved operational effectiveness, reduces costs and stimulates market expansion. Additionally, the increased demand for data security and authentication brought on by a surge in cyberattacks drives the market’s expansion globally. During the projection period, technological advancement, a rise in the adoption of cloud-based solutions, and new laws encouraging the use of digital signatures are anticipated to provide lucrative prospects for the market’s growth.
Businesses have been urged to adopt digital signatures by rules like the EU’s eIDAS Regulation and the U.S. Electronic Signatures in Global and National Commerce Act (ESIGN Act). This factor is expected to drive the growth of the Digital Signature Market.
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TRENDS INFLUENCING THE GROWTH OF DIGITAL SIGNATURE MARKET
Online transactions that are secure and binding have become more and more popular as company operations are becoming more and more digitized and e-commerce has grown. Digital signatures offer a reliable and impenetrable way to confirm the validity of electronic documents, guarantee the accuracy of data, and restrict access. This has been especially important in industries where sensitive information is frequently transferred, like finance, healthcare, and law. Globally strict compliance standards and government restrictions have been a major factor in the proliferation of digital signatures. The legal validity of digital signatures has been acknowledged by numerous nations, enabling the expansion of electronic documentation across numerous industries. This factor is expected to drive the growth of the Digital Signature Market.
Business digital transformation has been pushed by the growing need for remote and contactless transactions. The need for digital signature systems was especially evident during the COVID-19 pandemic when physical interactions were restricted. This increased demand for safe, remote document authentication and approval procedures, which in turn fueled the development of digital signature technology. The market for digital signatures has benefited from improvements in cybersecurity technologies and more awareness of online risks. To guarantee document validity and non-repudiation, digital signatures employ cutting-edge cryptographic methods. The adoption of digital signatures has evolved into a crucial element of a comprehensive security plan as data breaches and cyberattacks continue to pose substantial hazards to enterprises.
The efficiency and cost-effectiveness that digital signatures provide have also aided in their broad adoption. Traditional paper-based processes require a lot of time, and resources, and are frequently error-prone. Businesses can save a lot of money by adopting digital signatures since they enhance operational efficiency, eliminate paperwork, and streamline workflows.
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DIGITAL SIGNATURE MARKET SHARE
During the projected period, North America is anticipated to hold the biggest market share for digital signatures. The area is a pioneer in using digital technologies, which accelerates market expansion.
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Key Companies:
- Adobe Systems, Inc
- Gemalto
- AscertiA
- Esignlive By Vasco
- Secured Signing Limited
- Signix
- Entrust Datacard Corporation
- Rpost Technologies
- Kofax Limited (A Lexmark Company)
- Docusign
- Identrust
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SIMILAR REPORTS
– Digital Signature Software Market
– Electronic Signature Mobile Solutions Market
– Electronic Signature Mobile Tools Market
– Secure Digital Signature Market
– Digital Business Card Market
– Identity and Digital Trust Market
– Digital Authentication Market
– Signature Pad market was valued at USD 176.4 million in 2022 and is anticipated to reach USD 200.2 million by 2029, witnessing a CAGR of 1.8% during the forecast period 2023-2029.
– Electronic Signature Apps Market
– Electronic Authentication Service Market
– Digital Transaction Management (DTM) Market
– Digital Contract Management Market
– Business Process Management (BPM) market was valued at USD 3663 million in 2022 and is anticipated to reach USD 4759.3 million by 2029, witnessing a CAGR of 4.5% during the forecast period 2023-2029.
– Document Scanner market size is estimated to be worth USD 1401.3 million in 2022 and is forecast to a readjusted size of USD 2061.3 million by 2029 with a CAGR of 5.6% during the forecast period 2023-2029.
– Business Process Automation (BPA) Market is estimated at USD 9044.2 Million in the year 2022, is projected to reach a revised size of USD 16070 Million by 2028, growing at a CAGR of 10.1% during the forecast period 2022-2028.
– Digital Process Automation market size is projected to reach USD 11770 Million by 2027, from USD 6451.8 Million in 2020, at a CAGR of 8.5% during 2021-2027.
– Smart Contracts market was valued at USD 397.8 million in 2022 and is anticipated to reach USD 1460.3 million by 2029, witnessing a CAGR of 24.2% during the forecast period 2023-2029.
– The global intelligent document processing (IDP) market is expected to grow from USD 860 Million in 2021 to USD 4.15 Billion in 2026 at a CAGR of 37%.
– Identity (ID) Verification market was valued at USD 4118.5 million in 2022 and is anticipated to reach USD 18720 million by 2029, witnessing a CAGR of 28.7% during the forecast period 2023-2029.
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Blockchain Press Releases
Compass Mining Scales Texas Operations with 25 MW Bitcoin Mining Facility, Plans Further Expansion
Energizes Over 50 MW in 2024 Across Six States, with 35 MW Coming Online by January 2025
WILMINGTON, Del., Dec. 20, 2024 /PRNewswire/ — Compass Mining (“Compass” or the “Company”), a leading provider of Bitcoin mining hardware, hosting, and operational solutions, proudly announces the addition of a new 25 megawatts (MW) Bitcoin mining facility in Texas to its growing network of North American operations. The facility is already fully built out and will be operational with an initial 5 MW of capacity by year’s end, scaling to 25 MW in early January 2025. Compass also plans to expand the facility’s capacity to 60 MW by Q3 2025.
The new Texas facility will house a mix of relocated machines from Compass’s existing sites, as well as newly deployed units, ensuring continuity for current customers while offering new clients a seamless and turnkey Bitcoin mining experience. By January 2025, new customers purchasing machines through Compass’s platform will have the option to deploy them at the “Texas 6″ site.
“Our new Texas facility represents another milestone in our mission to make bitcoin mining more accessible for everyone,” said Paul Gosker, CEO of Compass Mining. “We bring a wealth of experience from successfully operating at multiple locations across Texas, navigating the unique grid dynamics and leveraging local resources. For this site, we will provide our support and expertise, including assisting our site partner in hiring expert technicians who meet Compass’s high standards. This ensures high uptime and reliability, delivering the quality our customers expect.”
Compass’s strategy combines vertical integration through proprietary facilities, such as the new Iowa 4 site, with partnerships at third-party facilities renowned for high uptime and reliability. This dual approach allows the company to maintain operational flexibility while delivering reliable hosting solutions. The company has energized a total of approximately 50 MW of power capacity across mining facilities in Indiana, Iowa, Ohio, Kentucky, Nebraska, and Texas in 2024, with plans to add another 35 MW by January 2025.
About Compass Mining
Compass Mining is a customer-first company that provides a platform for individuals and businesses to purchase Bitcoin mining hardware, host machines, build and manage mining facilities, and access a range of ancillary services. With a commitment to exceptional customer support and transparency, Compass Mining sets the benchmark for bitcoin mining hosting. Its mission is to make Bitcoin mining accessible to everyone. To learn more about Compass Mining or to start mining today, visit compassmining.io.
Media Contact
BlocksBridge Consulting
[email protected]
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DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be extending the festive fun with lavish virtual gifts for Bybit Card holders. From Dec. 20, 2024 to Jan. 31, 2025, with every swipe of their Bybit Card, users may get a chance to unwrap mystery gift boxes, including 1,000 in USDT and other exciting airdrops from DOGE to BTC—all rewards, no catches.
For each 100 USDT spent in eligible purchases with the Bybit Card, users will receive a lucky draw ticket to redeem a gift box on Bybit. Each gift box promises a crypto reward—from Christmas baubles in DOGE, SOL, ETH, XRP and BTC airdrops, all the way up to the grand prize of 1,000 in USDT. Registration is required and the special Holiday Giveaway ends at the end of Jan. 2025.
For users looking for a convenient way to utilize their crypto assets for daily spendings and debit payments, it is not too late to apply for the Bybit Card. The application and verification process takes minutes, and a virtual card will be issued as soon as the card is approved, enabling seamless digital payment on Apple and Android devices in applicable regions.
“The Bybit Card takes the hassle out of crypto off-ramp for regular users and weaves rewards and benefits into daily spendings. On top of regular cashbacks, we are introducing extra perks as our token of thanks to wrap up an eventful year in crypto,” said Joan Han, Sales and Marketing Director at Bybit.
The Bybit Card made expansive global footprints 2024 as crypto adoption continues to rise in the past year. Trusted and frictionless crypto payment solutions are in demand in various parts of the world, and Bybit is one of the natural habitats of crypto native consumers. Spanning from Buenos Aires to Amsterdam, the Bybit Card community is growing and so are the perks:
- Up to 10% cashback in USDT, BTC and ETH on eligible purchases
- Zero fees for instant virtual card issuance
- Zero annual or hidden fees
- Up to 8% APY
Enjoy this festive season in all its splendor. Eligible Bybit Card holders from all regions are welcome; terms and conditions apply: Bybit Card Holiday Giveaway: Swipe, Spend & Sparkle!
#Bybit / #TheCryptoArk #theBybitCard
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
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Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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Blockchain Press Releases
Bybit P2P Unlocks 20,000 USDT Prize Pools for Select Users in South Asia and Africa
DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be concluding 2024 with lucky spins all around for eligible users on Bybit P2P. With a chance at two grand bonus pools of 10,000 USDT each, select users in parts of South Asia and Africa stand to make the most of their P2P trades at Bybit.
From now to Dec. 31, 2024, eligible users may create their own P2P trading bonus at Bybit and unlock 100% chance of winning:
- South Asia: Eligible users in South Asia may sign up for the Grand Spin Extravaganza
- Africa: Eligible users may register to enter the P2P Prize Spinner
Successful participants may complete one or more referral, deposit, or trading tasks to earn up to 10 Lucky Draw Tickets. Tasks start at beginner level including a first-time deposit of 10 USDT. With a Ticket, users get to spin the wheel of fortune for a guaranteed airdrop from the 10,000 USDT Prize Pool.
As communities in the Global South start to build and diversify their wealth, millions are in dire need of modernized and inclusive financial infrastructures. The digital asset class offers an alternative for grassroot investors in emerging markets, demonstrating transformative power to shape the future of growth.
Bybit’s peer-to-peer trading platform provides user-friendly and trusted tools for P2P merchants and buyers. Users can compare and execute trades at an optimal price agreed upon by both parties, carried out on Bybit’s ultra smooth trading platform at zero fees. Supporting over 60 fiat currencies and over 300 payment methods, Bybit P2P contributes to democratizing access to the digital economy.
Users who have completed Bybit Identity Verification Level 1 may log in to confirm their eligibility. Terms and conditions apply.
#Bybit / #TheCryptoArk
About Bybit
Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For updates, please follow: Bybit’s Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
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