Signature Verification Market: Research Analysis, Strategies, Business Plan, Revenue & forecast | Analysis of COVID-19

 

Market Highlights

Various factors are propelling the signature verification market growth. These factors, as specified by the Market Research Future (MRFR) report, include increasing digital transformation, increasing disposable income, changing lifestyle, increasing number of e-commerce transactions, and increasing need to prevent identity duplication. Additional factors propelling market growth include the increasing incidence of transaction fraud, security breaches, and data theft, higher dependence on internet results, web applications, and digital technologies, and increase in focus on offering customers in various sectors with the highest level of security.

On the contrary, fluctuations in the emotional and physical state of the user causing errors, high error rates, and high intra-class variability are factors that may deter the signature verification market growth over the forecast period.

The global signature verification market is predicted to touch USD 2.99 billion at a 25.09% CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. Signature verification is a method used by intelligence agencies, high-profile institutions, and banks to validate an individual’s identity. It is used in authorizing bank checks, documents, contracts, verifying identification, and validating credit card transactions.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/6970

Regional Analysis:

Based on the region, the signature verification market report covers growth opportunities and the latest trends across North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW). Of these, North America will command the market over the forecast period. This is owing to the growing demand in several PCI companies and large banks located in the region. Moreover, the strict regulations laid down by the government for incorporating signature verification into their credential authentication, coupled with, the increasing adoption in the BFSI domain owing to the huge amount of regulation of data and money is also propelling market growth in this region.

The signature verification market in Europe is predicted to have significant growth over the forecast period. This is owing to the presence of several small and medium enterprises, including online transactions that may be prone to cyber-attacks.

The signature verification market in the APAC region is predicted to have a notable growth over the forecast period. This is owing to increasing demand for authentication solutions in the region, especially in the BFSI and government sectors.

The signature verification market in the Rest of the World (RoW) is predicted to have a favorable growth over the forecast period. This is owing to the increasing adoption of this technology for securing confidential data in the BFSI sector. Signature verification is used in various applications, including e-mortgage, approval systems, online loan applications, and e-banking. This technology helps in mitigating human errors and paper dependence, including legal, financial, and other regulated transactions which need signing of documents for assurance.

Segmentation:

The Market Research Future report provides a wide segmental analysis of the signature verification market based on end user, component, and technology.

Based on end user, the signature verification market is segmented into human resources, real estates, healthcare, and life sciences, government and defense, BFSI, education and research, and others. Of these, the BFSI segment will have the largest share in the market over the forecast period.

Based on component, the signature verification market is segmented into software and hardware components.

By technology, the signature verification market is segmented into dynamic signature verification and static signature verification.

Competitive Dashboard:

Leading players profiled in the signature verification market report include SutiSoft (US), Certify Global (US), iSign Solutions (US), Biometric Signature ID (US), and Cyber-SIGN (US). Along with the key players, the other players include DynaSig (USA), Secured Signing (New Zealand), Parascript (US), Scriptel (US), SQN Banking Systems (US), WonderNet (Israel), Hitachi (Japan), Odyssey Technologies (India), Ascertia (UK), and KeCrypt (UK). This market is intensely competitive, owing to the presence of many established players that are acquiring several strategies to gain a foothold in the market. These include technological innovations, service and product extensions, mergers and acquisitions, and partnerships. They are also emphasizing on launching innovative products equipped with advanced features.

July 2019: Technology giant Samsung has released its decentralized and blockchain application (DApp) Software Development Kit. This will allow for digital signature and payment facilitation, account management and backup, Samsung Keystore, along with other forms of cold wallet support.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/signature-verification-market-6970

List of Tables

FIGURE 1 Global Signature Verification Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Signature Verification Market

FIGURE 4 Value Chain Of Global Signature Verification Market

FIGURE 5 Share Of Global Signature Verification Market In 2017, By Country (In %)

FIGURE 6 Global Signature Verification Market, 2018–2023

FIGURE 7 Global Signature Verification Market Size, By Technology, 2018

FIGURE 8 Share Of Global Signature Verification Market, By Technology, 2018 To 2023

FIGURE 9 Global Signature Verification Market Size, By Application, 2018

FIGURE 10 Share Of Global Signature Verification Market, By Application, 2018 To 2023

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact:                                                                                     

Market Research Future (Part of Wantstats Research and Media Private Limited)

99 Hudson Street, 5Th Floor

New York, NY 10013

United States of America

+1 628 258 0071 (US)

+44 2035 002 764 (UK)

Email: sales@marketresearchfuture.com

Website: https://www.marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Mobile banking market size to reach USD 3.47 billion, with an 15.4% CAGR by 2030

  The Mobile banking market size 3.47 Billion Expected to CAGR 15.4% during the period from 2020-2030. Mobile Banking   industry is a service provided by a bank or other financial institutions and allows users to conduct financial transactions remotely using a mobile device. The devices such as smartphones or tablets are used for mobile banking, primarily for transferring money from one account to another and depositing a check by taking a picture. These are prominently provided features for mobile banking in the market. Moreover, it typically operates across applications developed for iPhone, Android, or other device platforms. Moreover, mobile banking is conducted with the availability of an internet or data connection to the mobile device. Depending on the feature provided in applications, the products and services included in mobile banking provide account balances and lists of the latest transactions, remote check deposits, funds transferred between beneficiary accounts...
Read more

Telecom Expense Management Market is Projected to reach up to US$ 5.5 Billion with 18% CAGR by 2027

  Market Synopsis  As per the recent study by Market Research Future Reports (MRFR), the global telecom expense management market is Projected to reach up to US$ 5.5 Billion with 18% CAGR by 2027. The amplified demand for mobile applications is the most substantial element driving the global telecom expense management market 2021. The ascending popularity and the fast adoption of mobile devices is another essential factor leading to the growth of market. Besides, the increasing adoption of cloud-based techniques is estimated to make a significant contribution which prospers the market with handsome revenue generation. Moreover, the increasing demand for portable equipment and the evolution in telecom expense management is likely to augment the global market size. In addition, there is a lofty scope of progress in developing countries, which is estimated to grow the market size. Furthermore, the growing demand for telecom expense management across several industries like ret...
Read more

Encryption software market report-forecast represents that the estimated market value of 13 billion by 2030

  Encryption software signifies the set of instruction-based software that implements the cryptography technique to inhibit unauthorized access to digital information. Encryption process follows the processed information is transferred through a series of mathematical operations and creates the alternate form of that data, these series of processes is known as algorithm. The increasing cyber-attacks and surging demand for high level of security system in order to safeguard the confidential data are expected to drive the market over the forecast period. Additionally, rising adoption of bring your own devices (BYOD) in advanced economies are expected to drive the market over the review period. On the other hand, high implementation cost and lack of awareness are expected to Encryption Software Market forecast represents that the estimated market value of 13 billion at a CAGR 16.40% by the year 2030. Get Free Sample Copy @ https://www.marketresearchfuture.com/sample_request/3125 ...
Read more