Europe E-Signature Market over $10,500 Million Opportunity by 2030, says P&S Intelligence
Tuesday, June 7, 2022
NEW YORK, May 30, 2022 /PRNewswire/ -- According to the market research report published by P&S Intelligence, the Europe e-signature market was valued at $711.8 million in 2021, which is expected to reach $10,504.7 million by 2030, at a compound annual growth rate of 34.9%. This is due to the favorable government legislations, growth in the popularity of remote working, increase in the number of online documentation procedures, and cost-effectiveness of e-signatures.
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To gain a prominent foothold in the Europe e-signature market, players have been busy releasing new solutions. These market players are Dropbox Inc., OneSpan Inc., PandaDoc Inc., Citrix Systems Inc., Foxit Corporation, airSlate Inc., Formstack LLC, Entrust Corporation, Adobe Inc., Thales Group, and DocuSign Inc.
Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/europe-electronic-signature-market/report-sample
Key Findings of Europe E-Signature Market Report
-- Foxit Corporation, a developer of advanced PDF products and services,
introduced the Foxit eSign platform in May 2022. This service provides a
complete, secure e-sign process and is legally binding.
-- PandaDoc Inc. released PandaDoc Developers in September 2021, allowing
developers to create and connect unique document processes and
e-signature features into their services, products, and websites with
ease.
-- In 2021, the U.K. dominated the market with around 20% share. This was
mostly due to the growing usage of e-signatures for online
identification in the country, which is becoming extremely important as
more services move online.
-- The PKI category accounts for over 40% share of the Europe e-signature
market. This is because it is a standard-based solution that lets
developers pick their preferred trust providers and does not require a
third-party authentication server to be active.
-- In the coming years, the European e-signature service market is
predicted to grow at a significant CAGR. This may be attributed to the
advantages related services provide to firms, such as reducing the
procedure time from days to hours.
-- The government sector is the second-largest vertical category in the
market. This is because government agencies have been employing
e-signature software and tools to make their operations digital.
Browse detailed report on Europe Electronic Signature Market Size, Share, Trends, Emerging Opportunities, And Top Key Players By 2030
The BFSI category holds over 40% share in the Europe e-signature market, and it is expected to maintain its position in the future. The BFSI vertical emphasizes analyzing digital preferences, consumer behavior, and choices due to the growing need for customer-centric business solutions. BFSI organizations benefit from these signatures since they improve security and speed up customer onboarding.
Documentation procedures in companies and institutions are becoming rapidly digitized as a result of the strong government support for digitalization. Furthermore, as cloud computing has become more widely adopted, businesses and consumers have been able to perform online tasks, thus creating the requirement for identification and authorization from both sides.
Europe E-Signature Market Segmentation Analysis
By Component
-- Software
-- Hardware
-- Service
-- Managed
-- Professional
By Deployment Type
-- Cloud
-- On-Premises
By Type
-- Public Key Infrastructure (PKI)
-- Username and Personal Identification Number (PIN)
-- Signature Pad at Point of Sale (POS)
-- Clickwrap
-- Voices signature
By Use Case
-- Unmediated
-- Mediated
-- Third Party
-- Internal
By Vertical
-- Banking, Financial Services, and Insurance (BFSI)
-- Government
-- Information Technology (IT) & Telecom
-- Healthcare
-- Legal
Regional Analysis
-- U.K.
-- Germany
-- France
-- Italy
-- Spain
-- Poland
-- Netherlands
-- Sweden
-- Denmark
-- Belgium
-- Romania
-- Norway
Browse More Related Reports:
Global E-Signature Market Overview, Growth Opportunities and Forecast to 2030
Global Digital Signature Market Overview, Growth Opportunities and Forecast to 2030
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Contact:
Prajneesh Kumar
P&S Intelligence
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
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SOURCE P&S Intelligence
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