In order to secure any confidential data, use of digital signature performs a crucial role in attaining it. The increasing number of cases related to online cyber breach and threats have uplifted the demand for digital signature solutions as it enables signing a particular document via online mode without major worries.
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The digital signature market is gaining huge popularity owing to its ability to improve digital workflow and enabling time and cost efficiencies along with strengthening security measures.
It has been observed that implementation of digtal signature in workplace is enabling the business organizations to send business and legal documents in an authenticated manner that reduces risk for the enterprises and enables efficient work process. These factors are thereby contributing towards the growth of the market.
However, redundant technology inconsistency among various technologies is the major factors that are hampering the growth of the digital signature market.
On the basis of solution, the digital signature market is segmented into hardware, software and services. Among all these segments, software segment is expected to witness fastest growth during the forecast period. Software segment provides cost efficiencies and low transaction time that enables various business enterprises to provide additional benefits to its users along with improved efficiencies. This segment is further expected to bolster the growth of the market across the globe.
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Some of the key players in the digital signature industry are Adobe Systems, Inc, Ascertia, Microsoft Corporation, Docusign, Inc., Entrust Datacard Corp, Gemalto, Inc, IdenTrust, Inc, International Business solutions llc, Kofax Limited, Korea SYSTEM’s TECH Inc, Kotrade Inc, Right Signature LLC, Secured Signing Limited, Signix Inc and Oracle Corporation.
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