New York, May 30, 2022 /PRNewswire/ — According to a market research report published by P&S Intelligence, Europe Electronic Signature Market Is considered to be $711.8 million In 2021, it is expected to reach $10.5047 billion By 2030, the compound annual growth rate will be 34.9%. This is due to favorable government legislation, the popularity of remote work, the increase in the number of online document programs, and the cost-effectiveness of electronic signatures.
To gain a firm foothold in the country Europe In the electronic signature market, players are always 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.
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Key Findings of the European Electronic Signatures Market Report
Foxit Corporation, developer of advanced PDF products and services May 2022. The service provides a complete and secure electronic signature process that is legally binding.
PandaDoc Inc. released PandaDoc Developers on September 2021allowing developers to easily create and connect unique document flows and electronic signature capabilities into their services, products and websites.
In 2021, the UK will dominate the market with a share of around 20%. This is mainly due to the increasing use of electronic signatures for online identification in the country, which has become extremely important as more and more services move online.
PKI category accounts for more than 40% share Europe Electronic Signature Market. This is because it is a standards-based solution that allows developers to choose their preferred trust provider and does not require third-party authentication servers to be active.
The European e-signature services market is expected to grow at a significant CAGR over the next few years. This may be attributed to the advantages associated services offer companies, such as reducing 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 using electronic signature software and tools to digitize their operations.
BFSI category has more than 40% share Europe The electronic signature market is expected to maintain its position in the future. Due to the growing demand for customer-centric business solutions, BFSI verticals emphasize analyzing digital preferences, consumer behavior and choice. BFSI organizations benefit from these signatures as they increase security and speed up customer onboarding.
Due to the strong government support for digitization, the document procedures of companies and institutions are rapidly being digitized. In addition, with the popularity of cloud computing, businesses and consumers have been able to perform online tasks, creating identification and authorization requirements for both parties.
European Electronic Signature Market Segment Analysis
By deployment type
Public Key Infrastructure (PKI)
Username and Personal Identification Number (PIN)
Point-of-sale (POS) signature pads
Click to pack
By use case
Banking, Financial Services and Insurance (BFSI)
Information Technology (IT) and Telecommunications
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