The global digitalsignature market is expected to witness a CAGR of 24.54% during theforecast period. Certain factors that are driving the market growth include agrowing number of partnerships and acquisitions, increasing digital signatureadoption cloud-based deployment, and government regulations supporting digitalsignature. As per the latest market research report published byTechnavio, the global digital signature market size will grow by USD 1.99billion during 2019-2023. Get the free sample report below for the detailedinformation.
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The adoption of the digital signature is highlybeneficial for individual consumers as well as businesses. The adoption ofdigital signature will eliminate the use of physical ink-based signature andhelp users save cost and time significantly along with the benefit of highsecurity. 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 UETAwere 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 growingintroduction and adoption of these regulations in new geographies. Hence, therising number of government regulations being announced toward the legalizationand acceptance of the digital signature is expected to drive the global digitalsignature market. To know the complete and in-depth analysis andforecast of this market get the complete report by clicking the link below.
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