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Digital Signature Market Size to Grow USD 3818.4 Million by 2029 at a CAGR of 20.8% | Valuates Reports

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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.

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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.

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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

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–  Electronic Signature Mobile Solutions Market

–  Electronic Signature Mobile Tools Market

–  Secure Digital Signature Market

–  Digital Business Card Market

–  Identity and Digital Trust Market

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–  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

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–  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.

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–  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.

Click here to see the related reports on Digital Signature Market

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To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Blockchain Press Releases

HTX Appoints Singapore National Goalkeeper Hassan Sunny as Chief Safeguarding Officer

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SINGAPORE, June 15, 2024 /PRNewswire/ — HTX, a leading cryptocurrency exchange, proudly announces the appointment of Singapore national football team goalkeeper Hassan Sunny as Chief Safeguarding Officer.

“The partnership between HTX, the ‘People’s Exchange’, and Hassan Sunny, the ‘People’s Goalkeeper’, is a perfect match,” said Justin Sun, Member of the HTX Global Advisory Board. “Together, we will work to ensure the safety and security of user assets in the ever-evolving crypto world. Just as Sunny fearlessly protects his goal on the field, HTX is committed to protecting every user’s assets with the same determination and resolve, providing the safest and most reliable investment environment possible.”

Sunny also expressed his excitement about joining the HTX family, stating “I am excited to be part of HTX. I can’t wait to embark on this journey with the team.”

Sunny has been called a national hero in China for his outstanding performance in the final group match of the first round of the 2026 FIFA World Cup Asian Qualifiers against Thailand on June 11th. Despite facing relentless attacks, Sunny made an incredible 11 saves, including a crucial one in stoppage time. Singapore ultimately lost the match 1-3, but their result helped China qualify for the next round at the expense of Thailand.

About HTX:

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Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies – “global development, technology drives development, and technology for good” underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts.

 

View original content:https://www.prnewswire.co.uk/news-releases/htx-appoints-singapore-national-goalkeeper-hassan-sunny-as-chief-safeguarding-officer-302173558.html

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Blockchain

New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund

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Helsinki-based Equilibrium Ventures (EQV), a new seed-stage venture capital fund focused on the crypto sector, has successfully closed the first round of its €30 million fund, raising €6 million from limited partners (LPs). This milestone highlights growing interest in blockchain startups and a promising future for the European crypto ecosystem.

The fund is led by an experienced team of partners: Mika Honkasalo, Henrik Sundvik (formerly of Bain & Company), and Christopher Ahn (ex-Molten Ventures investor). Equilibrium Ventures aims to attract and support founders with deep technical expertise in blockchain technologies, covering areas such as zero-knowledge proofs and smart contracts, essential for developing advanced blockchain solutions.

Equilibrium Ventures has attracted a diverse group of backers, including strategic investors, family offices, and notable LPs like Sebastien Borget, co-founder of the metaverse platform The Sandbox. This support underscores the fund’s credibility and signals growing confidence in crypto investments despite recent market challenges.

Dedicated to crypto infrastructure, Equilibrium Ventures emphasizes rigorous technical due diligence and value addition for pre-seed and seed engineering firms. With a network of about 70 blockchain engineers, mainly based in Europe, the fund is well-positioned to help startups develop robust blockchain technologies.

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The renewed interest in venture capital investment in blockchain, bolstered by evolving regulatory landscapes in the US and Europe, is expected to increase investor confidence in the crypto sector. Equilibrium Ventures, with its technical expertise and strategic support, is poised to become a significant player in Europe’s crypto venture scene.

Looking ahead, Equilibrium Ventures aims for a second close by the end of this summer, targeting 80% of the total fund. This progress indicates strong momentum and the potential for significant contributions to the European blockchain ecosystem.

Source: arcticstartup.com

The post New seed-stage VC fund from Finland secures €6 million in initial close for €30 million blockchain fund appeared first on HIPTHER Alerts.

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Blockchain

Riot Platforms Acquires 14% Stake in Bitfarms Ltd.

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Riot Platforms, Inc. has announced its acquisition of a 14% stake in Bitfarms Ltd., as detailed in a recent press release by Riot Platforms. This move aligns with Riot’s strategy to influence corporate governance within Bitfarms.

Acquisition Details

On June 13, 2024, Riot Platforms purchased 1,432,063 common shares of Bitfarms Ltd., representing about 0.35% of Bitfarms’ issued and outstanding common shares. The shares were bought on the Nasdaq Stock Market and other open markets at an average price of approximately $2.70 per share, totaling $3,870,293.46.

Before this acquisition, Riot held 56,194,973 common shares of Bitfarms, equating to 13.65% ownership. With the new shares, Riot now holds 57,627,036 common shares, resulting in a 14% stake in Bitfarms.

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Strategic Intentions

Riot Platforms intends to call a special meeting of Bitfarms’ shareholders to nominate several independent directors to the board, citing concerns over Bitfarms’ corporate governance. Riot seeks to influence Bitfarms’ strategic direction and enhance its governance standards.

Riot is continuously reviewing its investment in Bitfarms and may adjust its position based on factors such as market conditions and the company’s financial status. Potential actions include increasing or decreasing its stake, entering into hedging transactions, or proposing additional strategic measures.

Forward-Looking Statements

The press release includes forward-looking statements subject to risks and uncertainties, reflecting Riot’s current expectations and assumptions. Riot cautions investors to consider these risks before making investment decisions.

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Riot’s vision is to become the leading Bitcoin-driven infrastructure platform, focusing on a vertically integrated strategy with Bitcoin mining operations in Texas and electrical switchgear engineering in Colorado.

Source: blockchain.news

The post Riot Platforms Acquires 14% Stake in Bitfarms Ltd. appeared first on HIPTHER Alerts.

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