Global digital signature market value set to reach $66 billion by 2032

May 7, 2024

Currently valued at USD $5.9 billion, the digital signature market is projected to reach USD $66.01 billion by 2032, according to a new Digital Signature Market research report by MarketDigits. The report, which covers the forecast period of 2024 to 2032, projects a compound annual growth rate (CAGR) of 32.30%. 

The report also delves into global market segmentation, including analysis on the dynamics currently driving and restraining the growth of digital signing in different markets. By profiling key international eSigning companies and market segments, including Europe, Asia-Pacific, North America and South America, the report identified a number of standout trends that will continue to develop over the coming decade. 

These insights include: 

  • Cloud-based digital signature solutions are becoming widely adopted, with cloud platforms offering scalability, accessibility, and ease of integration. These cloud-based solutions also allow organisations to streamline their document signing processes across various applications. Increasingly, digital signature solution providers are forming strategic partnerships and integrations with other software and platform providers to create seamless end-to-end digital workflows. 
  • As smartphones and tablets proliferate globally, mobile-centric signing experiences are increasingly enabling users to sign documents on the go, which enhances the overall user experience. This trend also coincides with the rise of remote work and virtual collaboration between distributed teams. 
  • User-friendly interfaces are increasingly important in the digital signature market. In order to make signing as easy and accessible as possible for users at all levels of expertise, providers are experimenting with intuitive design elements and workflow optimisations. The integration of digital signatures with blockchain technology is another evolving trend. 
  • Innovations in biometric signatures, such as fingerprint and facial recognition, as well as improved multi-factor authentication, are helping to shape the digital signature landscape and will continue to develop over the next decade. 

The report is available in full via MarketDigits.