Artificial Intelligence
$951 Million E-Signature Market – Global Industry Analysis and Growth Forecast 2019-2030
Dublin, Oct. 06, 2020 (GLOBE NEWSWIRE) — The “E-Signature Market Research Report: By Component, Deployment Type, Type, Use Case, Vertical – Global Industry Analysis and Growth Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
The global e-signature market, which generated $951.3 million revenue in 2019, at a 24.6% CAGR between 2020 and 2030 (forecast period). In all, 75 countries already have legal mandates for this technology, and their number is still rising, thus helping the market advance.
Around the world, the government is offering its support for the uptake of e-signature solutions, for efficiency and security in documentation processes. While Directive 1999/93/EC was implemented by the European Union in 1999, the U.S. passed the Global and National Commerce (E-Sign) Act in 2000, to give such solutions legal validity.
Software To Be Largest Category in Market till 2030
The software category would continue dominating the e-signature market till 2030, on account of the advancements being carried out in such solutions, including the provision of encryption and public key infrastructure (PKI) services, which make the communication and sharing of digital documents a secure process.
During the historical period (2014-2019), cloud was the larger bifurcation in the e-signature market, as vendors are targeting customers with smoother management and better security features in their cloud-based e-signature solutions. Additionally, such solutions utilize a cloud-based signing key to authenticate documents, thereby eliminating the requirement for installing on-premises hardware. Furthermore, with the user’s key located on the cloud, the document signing process can be completed over the internet from anywhere.
The clickwrap category is expected to grow at the highest CAGR in the e-signature market, of 29.3%, during the forecast period. This is ascribed to the fact that the legal validity of clickwrap signatures is similar to wet signatures, which is why the former are considered at par with verbal or written agreements. Such solutions require the user to click I accept, I agree, or other similar phrases, to agree to the contract terms and electronically sign it.
In 2019, the unmediated category contributed the highest revenue to the e-signature market, because the preference for completing online transactions without third-party involvement is quite high; therefore, customers usually look for channels which help them do so.
The banking, financial services, and insurance (BFSI) sector dominated the e-signature market during the historical period, as a large number of people are opting for online channels to complete payment-, banking service-, legal agreement-, and insurance policy-related documentation processes. Moreover, governments of numerous countries are stepping up efforts to transform into digital economies, which are creating a high demand for such solutions in the BFSI sector.
In 2019, North America held the largest share in the e-signature market, due to the rising usage of e-signatures in the BFSI and healthcare sectors in the region and supportive legislations in the U.S. and Canada. Additionally, online documentation is being done by the huge number of people immigrating to Canada and the increasing number of small and medium enterprises (SMEs) here.
Asia-Pacific (APAC) would observe the fastest market advance during the forecast period, as the adoption of machine learning (ML) and artificial intelligence (AI), popularity of digital payments, presence of SMEs, and IT expenditure are increasing. Moreover, the BFSI sector and regional economies are growing, and governments are launching measures to reduce the paperwork and digitize the economy.
Product Launches Present Market Players Numerous Opportunities
New and enhanced products are being launched by many e-signature market players, to target customers with the prospect of:
- Being able to e-sign documents from multiple platforms, in less time
- Saving settings for individual templates, for faster document dispatch
- Signing multiple documents at once and being assured of enhanced security
- Utilizing clear audit trails and automated contract creation features and connecting securely with partners and customers
- Modifying their existing public key infrastructure (PKI) authentication framework for access to the cloud
The major companies operating in the global e-signature market include
- Entrust Datacard Corporation
- RPost Communications Limited
- Sertifi Inc.
- Thales eSecurity Inc.
- Docusign Inc.
- SIGNiX Inc.
- AssureSign LLC
- Adobe Inc.
- Ascertia Limited
- Citrix Systems Inc.
- OneSpan Inc.
- Secured Signing Limited
Key Topics Covered:
Chapter 1. Research Background
Chapter 2. Methodology
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Software
4.1.1.2 Hardware
4.1.1.3 Service
4.1.1.3.1 Managed
4.1.1.3.2 Professional
4.1.2 By Deployment Type
4.1.2.1 Cloud
4.1.2.2 On-premises
4.1.3 By Type
4.1.3.1 PKI
4.1.3.2 Username and pin
4.1.3.3 Signature pad at POS
4.1.3.4 Clickwrap
4.1.3.5 Voices signature
4.1.3.6 Others
4.1.4 By Use Case
4.1.4.1 Unmediated
4.1.4.2 Mediated
4.1.4.3 Third party
4.1.4.4 Internal
4.1.5 By Vertical
4.1.5.1 Government
4.1.5.2 BFSI
4.1.5.3 IT & telecom
4.1.5.4 Healthcare
4.1.5.5 Legal
4.1.5.6 Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Growing adoption of signature pads
4.3.1.2 Increasing adoption of e-signature solutions based on SaaS delivery model
4.3.1.3 Increasing use of e-signatures in healthcare sector
4.3.2 Drivers
4.3.2.1 Increasing demand for security, workflow efficiency, and supply chain enhancement in corporate sector
4.3.2.2 Government support encouraging e-signature adoption
4.3.2.3 Increasing online documentation processes
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 High cost of e-signature licensing and availability of conventional alternatives
4.3.3.2 Lack of cross border standardization in directives and laws for e-signatures
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 Untapped markets to pose potential
4.3.4.2 Growing e-business across the globe
4.4 Porter’s Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 Service, by Type
5.2 By Deployment Type
5.3 By Type
5.4 By Use Case
5.5 By Vertical
5.6 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Market Segment Breakdown of Major Countries
Chapter 12. Competitive Landscape
12.1 List of Market Players and Their Offerings
12.2 Market Share Analysis of Key Players
12.3 Strategic Developments of Market Players
12.3.1 Mergers and Acquisitions
12.3.2 Product Launches
12.3.3 Partnerships
Chapter 13. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ha6gbr
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Artificial Intelligence
Unlock an Exclusive Olympic Experience: Celebrating Live4Well’s Sold-Out Genesis NFT
HONG KONG, May 25, 2024 /PRNewswire/ — The buzz surrounding Live4Well’s successful Genesis NFT membership launch on May 23 has captivated both traditional and web3 communities. Combining the power of AI technology and decentralized physical infrastructure (DePin) concept, Live4Well has infused new life into the NFT market. The overwhelming response to their first NFT sales, showcases the project’s immense potential. Renowned web3 community leaders from Azuki, Bored Ape, Pudgy Penguins, WELL3, etc have joined forces with Live4Well, propelling the Genesis NFT membership collection to its resounding success.
Live4Well aims to transform the wellness industry by creating a reward-based infrastructure that connects global fitness data, enhances their AI database, and drives the development of sports and wellness. Backed by a multi-billion family office, which recently invested $20 million in Live4Well, the project has gained support in both web3 and traditional spaces. The team believes that every drop of sweat and effort toward better health should be rewarded, fostering motivation and integrating exercise into daily lives for enhanced well-being.
Live4Well’s announcement of an Olympic-themed raffle for Genesis NFT holders reflects their commitment to connecting wellness between Web2 and Web3 platforms. This testament to Live4Well’s demand and innovative vision solidifies their position as a promising leader in the industry. Their integration of the Olympic signifies their determination to inspire a global audience, leveraging blockchain technology to create an immersive ecosystem that revolutionizes how individuals engage with fitness on a daily basis for better health. Live4Well’s dedication to bridging the gap between traditional practices and the digital landscape sets them apart as pioneers in promoting well-being on a global scale.
What is Genesis NFT membership?
The Genesis NFT unlocks a multitude of benefits for holders, including the opportunity to cash out their sportive income and access a range of exclusive physical products and services. In addition to future airdrops and angel round whitelist privileges, Genesis holders will receive VIP tailor-made product packs from an innovative German sportswear company, elevating their exercise performance to new heights. With over 400 million sweat points farmed by their users, they are eager to redeem through the Genesis NFT membership. These enticing incentives explain why there was a widespread eagerness to participate in this thrilling event.
Unlike typical projects that raise funds before launching products or services, Live4Well has already released its AI-powered app, amassing over 250,000 users as a community base actively engaging in daily exercise. This early success has fostered a promising community within the wellness industry, as users trust Live4Well’s roadmap and collaborative ventures. The growing traction from both ordinary individuals and web3 enthusiasts has intensified the demand for redeeming and cashing out sweat points, the project’s exercise-based rewards. Obtaining the Genesis NFT membership is now seen as an essential step for accessing the highest tier of benefits and cashing out sportive income.
What’s next for Live4Well?
Following the Genesis sales, Live4Well’s team will shift their focus to the upcoming token generation event (TGE) and a series of farming events. They also have exciting plans for partnerships and other collaborations in the global wellness and fitness industries. If you missed the initial launch, be sure to stay updated on Live4Well’s journey and join this extraordinary revolution.
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Artificial Intelligence
Overseas Expansion Strategy of K-OTT Introduced in France, KOCCA holds the ‘2024 Korea-France Content Forum’
– The ‘Korea-France Content Forum’ held to establish the Foundation for K-OTT’s oversea expansion
PARIS, May 24, 2024 /PRNewswire/ — The Ministry of Culture, Sports and Tourism (Minister Yu In-chon) and the Korea Creative Content Agency (President, Jo Hyun-rae, hereafter KOCCA) held the ‘2024 Korea-France Content Forum’ on May 24th during the Korea Expo in Paris, France.
The ‘2024 Korea-France Content Forum’ featured a keynote session (K-OTT’s Strategies in Global market) presenting K-OTT’s strategies for international expansion and a roundtable session (Strategies in the Era of Streaming) discussing the growth of OTT platforms and collaborative approaches with production companies.
The forum featured participation from various industry leaders including Kun hee Park (CEO, Wavve Americas), Sangjin Lee (Head of content IP Business, LG U+), Seung ae Sohn (Executive Director, Showbox), Ji ae Sohn (Ambassador for Cultural Cooperation), Moonju Kim (General Director, France Business Center, KOCCA), Isabelle Degeorges (President, Gaumont Television France) which produced the French Netflix original series, participated.
Strategy announcement by Wavve Americas (KOCAWA), the first K-OTT’s launched in Europe
During the Keynote Session, Park Kun Hee – CEO of Wavve Americas, the first domestic OTT Platform to launch services in Europe, Took the stage to discuss the international expansion strategy of KOCOWA, which started offering services in 39 countries including Europe since April of this year. Following this, Lee Sangjin, Head of Content IP Business of LG U+, presented the expansion strategy of LG U+ Mobile TV, encompassing diverse original content.
During the round-table session, participants shared thoughts and solutions regarding the survival strategies of local OTT platforms and production companies amidst the rapid waves of change brought about by the emergence of global OTT platforms.
In particular, through this forum, we were able to observe the proactive implementation of IP protection policies by local production companies in France, aimed at sustainable content creation. Isabelle Degeorges, CEO of Gaumont Television France, noted, “With the introduction of the European Audiovisual Media Services Directive (AVMSD), platforms and production companies can share IPs three years after supplying the content.” Kim Moon-joo, Director of the Korea Creative Content Agency’s France Business Center, participated as a panelist, introducing policies aimed at enhancing the competitiveness of K-OTT and fostering collaboration with production companies.
Park Kun Hee, CEO of Wavve Americas, who participated in the event, stated, “It was a meaningful opportunity to introduce our platform locally in Europe in line with KOCOWA’s expansion into the region”. Additionally, Kyoungbon Koo, Director Broadcasting & Video Content Division at KOCCA commented, “It was a meaningful occasion to not only introduce K-OTT’s strategies to Europe but also to exchange ideas on collaboration between Korea and France. We will continue to focus on activating various forms of collaboration with major international partners in the future”.
KOCCA supports the overseas expansion of excellent domestic OTT content and platforms through the newly established Local OTT Specialized Support Program this year. This initiative aims to enhance the competitiveness of domestic OTT platforms and content by adapting to the changing industrial environment.
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Artificial Intelligence
IoT Node and Gateway Market worth $604.7 billion by 2029 – Exclusive Report by MarketsandMarkets™
CHICAGO, May 24, 2024 /PRNewswire/ — The IoT Node and Gateway market is projected to grow from USD 424.6 billion in 2024 and is estimated to reach USD 604.7 billion by 2029; it is expected to grow at a Compound Annual Growth Rate (CAGR) of 7.3% from 2024 to 2029 according to a new report by MarketsandMarkets™. The growth of the IoT Node and Gateway market is driven by the Provision of increased IP address space through IPv6, Emergence of 5G technology, and Increasing need for data centers.
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Browse in-depth TOC on “IoT Node and Gateway Market”
410 – Tables70 – Figures390 – Pages
IoT Node and Gateway Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 424.6 billion
Estimated Value by 2029
$ 604.7 billion
Growth Rate
Poised to grow at a CAGR of 7.3%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Hardware, End-use Application and Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Requirement for wireless spectrum and licensed spectrum
Key Market Opportunities
Accelerated IoT adoption in healthcare sector
Key Market Drivers
Rising use of wireless smart sensors and networks
By Hardware, the Logic Devices are projected to grow at a high CAGR of IoT Node and Gateway market during the forecast period.
Logic devices can adapt to changing requirements even after deployment. As new features or functionalities are needed, the logic within the device can be reprogrammed to accommodate these changes, extending the useful life of the product and reducing the need for hardware revisions. The integration of FPGA technology into IoT devices further enhances these advantages. The integration of FPGAs into IoT nodes and gateways empowers manufacturers to develop highly optimized, customizable, and scalable solutions that meet the diverse needs of IoT applications. Tesla’s Full Self-Driving (FSD) computer utilizes FPGAs to handle complex neural network computations for autonomous driving algorithms. This allows them to potentially improve their FSD capabilities through software updates that reconfigure the logic within the FPGAs.
BFSI segment in IoT Node and Gateway Market is projected to grow at a highest CAGR during the forecast period.
BFSI sector can use IoT technology to provide more convenient solutions for customers. IoT can be used to perform data collection in real time and for instant communication between devices. For instance, it can facilitate cashless payments using an RFID scanner to identify products in the shopping cart and mobile wallet. The adoption of mobile point of sale (mPOS) systems and kiosks is fundamentally reshaping the landscape of the BFSI market. mPOS facilitates transactions anytime, anywhere, benefiting unbanked populations and enabling temporary service points for events. Kiosks offer convenient banking functionalities, reducing wait times and freeing up staff for complex inquiries. These technologies drive cost savings by requiring less investment and automating routine tasks, allowing resources to be reallocated strategically. They provide rich data for personalized services, fraud detection, and operational optimization. mPOS systems and kiosks promote financial inclusion by extending services to remote areas, fostering economic activity and well-being.
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North America accounts for the largest share in IoT Node and Gateway Industry.
The North American IoT market is poised to grow, driven by government efforts to transition cities into smart urban centers. The growing need for sophisticated IoT solutions, fueled by the widespread availability of high-speed data, will further propel market expansion in this region. Furthermore, North America’s dynamic IoT node and gateway ecosystem features established players like Intel Corporation (US), Texas Instruments Incorporated (US), Dell (US), and Cisco Systems (US), driving competition, innovation, and affordability. Increasing research and development at industry levels is broadening the application areas of IoT in various industries, such as retail, consumer electronics, automotive and transportation, and healthcare, especially in the US. The increased demand for effective solutions and focus on early, accurate, and fast diagnosis of diseases has led to huge investments in technological developments in the healthcare sector.
Key Players
Key companies operating in the IoT Node and Gateway companies are Intel Corporation (US), Qualcomm Technologies, Inc. (US), Texas Instruments Incorporated (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (US), Huawei Technologies Co., Ltd. (China), NXP Semiconductors N.V. (Netherlands), Cisco Systems, Inc. (US), Hewlett Packard Enterprise Development LP (US), TE Connectivity Ltd (Switzerland), Advantech Co., Ltd. (Taiwan), Dell Technologies (US), among others.
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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
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IoT Technology Market by Node Component (Sensor, Memory Device, Connectivity IC, Processor, Logic Devices), Software Solution (Remote Monitoring, Data Management), Platform, Service, End-use Application, Geography – Global Forecast to 2029
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