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Global Digital Signature Market Report 2021-2026 – Enhancement in the Acceptance of Cloud-Based Security Solutions & Growing Number of Partnerships and Acquisitions

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Dublin, Dec. 24, 2021 (GLOBE NEWSWIRE) — The “Digital Signature Market by Component (Solutions and Services), Solution (Software and Hardware), Deployment Mode, Organization Size, Vertical (BFSI, Government, Healthcare and Life Sciences, Legal, Real Estate), and Region – Global Forecast to 2026” report has been added to ResearchAndMarkets.com’s offering.

The global digital signature market size is projected to grow from USD 4.0 billion in 2021 to USD 16.8 billion by 2026, at a CAGR of 33.1%

Governments and businesses from BFSI, HR, legal, and real estate verticals utilize digital signatures to secure digital documents. For instance, the Government of India (GoI) started a digital revolution by launching the Digital India campaign and investing heavily to connect villages to this digital movement.

Governments and enterprises are investing more in integrating digital signature technology with day-to-day business applications, which, in turn, is driving the global digital signature market.

Based on Vertical, the BFSI segment to have the largest market size during the forecast period

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The use of digital signatures delivers robust security, secures identities, and manages regulatory compliances. Stringent regulations across the BFSI vertical such as General Data Protection Regulation (GDPR) and California Consumer Privacy Act (CCPA) play an active role in the digital identity revolution.

Digital signatures help BFSI firms simplify complex business processes by offering enhanced security and improved turnaround time for onboarding customers. The digital signature technology can be easily integrated with the existing banking system.

Banks such as HDFC Bank, Citibank, and ABM Amro Bank are taking advantage of eSignatures for saving and current accounts and electronic contract notes for equity brokerage transactions. The early adoption of digital signatures and regulations are driving the market growth of digital signature in BFSI vertical.

Based on Regions, Europe to be the fastest-growing market during the forecast period

The awareness related to digital signature is being widely addressed in Europe and is further emphasized by strong government regulations. This section includes the analysis of the digital signature market in the UK, Germany, France, and the rest of Europe (the Netherlands, Italy, Spain, and Switzerland).

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Europe accounts for the second-largest share in the digital signature market during the forecast period. Digital signature in European countries is expected to be driven by the high demand for high-end security solutions and superior customer experience regardless of the economic conditions.

The digital signature market in Europe is comparatively small than the US and is fragmented and dynamic. There are various niche and established players that focus only on the digital signature market. Several US players, such as Adobe and DocuSign, have already partnered with local players to enter the European market.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key companies.

Premium Insights

  • Increasing Adoption of Digital Platforms by Enterprises to Drive the Growth of the Market
  • Solutions Segment to Hold a Larger Share in 2021
  • Cloud Segment to Witness Growth at a Higher CAGR During the Forecast Period
  • Banking, Financial Services, and Insurance and North America to Hold the Largest Market Shares in 2021
  • Europe to Emerge as the Best Market for Investments in the Coming Years

Market Dynamics

Drivers

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  • Fast Growth in Investments in Electronic Documents by Governments and Enterprises
  • Upgrade in End-To-End Customer Experience
  • Enhanced Security with a Controlled and Seamless Workflow
  • Improved Operational Efficiency at Lower Opex

Restraints

  • Lack of Awareness About the Legality of Digital Signatures
  • Variation in Digital Signature Rules and Regulations Across Regions

Opportunities

  • Enhancement in the Acceptance of Cloud-Based Security Solutions
  • Growing Number of Partnerships and Acquisitions
  • Rise in Artificial Intelligence

Challenges

  • Intensely Entrenched Traditional Business Practices
  • Cost of Implementation and Legality Issues

Impact of COVID-19 on Market Dynamics

Regulatory Implications

  • General Data Protection Regulation
  • Payment Card Industry Data Security Standard
  • System and Organization Controls 2 Type Ii Compliance
  • Electronic Identification, Authentication, and Trust Services
  • Electronic Signatures in Global and National Commerce Act
  • Uniform Electronic Transactions Act
  • Sarbanes-Oxley Act
  • CFR Part 11
  • Information Technology Act, 2000
  • The Digital Signature (End Entity) Rules, 2015
  • The E-Sign Online Service or E-Hastakshar (Sept. 2016 Onwards)

Use Cases

  • Use Case 1: Docusign Helped a Medical Device Manufacturing Company Streamline Physician Signatures with Digital Transaction Management
  • Use Case 2: Secured Signing Helped H&R Block in Easing the Tax Burden
  • Use Case 3: Docusign E-Signature Upheld in Court as Legal and Enforceable in Common Law Jurisdictions
  • Use Case 4: Docusign E-Signature Helped Salesforce Speeds Up Global Recruiting Efforts with Workday
  • Use Case 5: Globalsign Helped Clough Harbor & Associates Llp’s (Cha) to Improve Efficiency of Document Delivery

Company Profiles

Large Players

  • Adobe
  • Onespan
  • Thales
  • Docusign
  • Idemia
  • Ascertia
  • Zoho
  • Globalsign
  • Entrust Datacard
  • Digicert
  • Identrust

SMEs and Startups

  • Secured Signing
  • Symtrax
  • Comsigntrust
  • Multicert
  • Alphatrust
  • Signix
  • NotariUS
  • Rntrust
  • Bit4Id
  • Lawtrust
  • Pandadoc
  • Signiflow
  • Vintegris Tech
  • Signicat
  • Signority

For more information about this report visit https://www.researchandmarkets.com/r/nwh8p

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Darwinbox named as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites Report for Enterprises with 1,000+ Employees

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DUBAI, UAE, June 17, 2024 /PRNewswire/ — Darwinbox, a global leader in cloud-based HCM solutions, today announced that it has been distinguished as a Customers’ Choice in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud HCM Suites for 1,000+ Employee Enterprises.

The Gartner® Peer Insights™ Customers’ Choice distinction is based on feedback and ratings from end-user professionals with experience using the product or service. As of 31 January 2024, Darwinbox received an overall rating of 4.8 out of 5 stars across 141 reviews.
“We believe this distinction, for the third consecutive year, reflects our unwavering commitment to our customers and their success, as well as our dedication to excellence and innovation in the HCM space,” says Jayant Paleti, co-founder, Darwinbox.
Darwinbox has been named a Customers’ Choice for both Large Enterprise (1B – 10B USD) and Midsize Enterprise (50M – 1B USD) segments, showcasing its robust capabilities in handling large-scale operations and its widespread appeal across various business sizes. This recognition underscores the platform’s popularity, driven by its powerful configurability, intuitive design, and agility. An impressive 98% of customers rated Darwinbox 4-stars or higher, highlighting the overwhelming satisfaction with the product.
Furthermore, Darwinbox is recognized as the most customer-friendly enterprise-grade HCM solution globally. The platform distinguishes itself through its ease of implementation and integration, prompt vendor responses, and exceptional technical support, demonstrating Darwinbox’s dedication to quick service and client satisfaction. Notably, 94% of its customers have expressed their willingness to recommend Darwinbox, demonstrating its significant impact and reliability in the enterprise tech landscape.
“What I love is when we need support, the customer service is top-notch – always responsive, solution makers, and always helpful,” HR Business Partner, Media Industry
“Darwinbox has been able to cater to our needs given our diverse business structures and differences in processes,” HR Lead, Manufacturing Sector
Read more reviews
About Darwinbox:
Darwinbox is a leading SaaS-based HR technology platform, empowering organisations to automate HR processes and elevate the employee experience. Rated the highest globally among HCM players on Gartner’s customer review platform, Peer Insights, Darwinbox is trusted by 900+ global enterprises with more than 2.5 million employees spread across 116+ countries.
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Artificial Intelligence

Find Your Perfect Domain with GoDaddy’s Innovative AI Technology

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Leverage Artificial Intelligence (AI) to easily find the perfect domain name for your business
ISLAMABAD, June 17, 2024 /PRNewswire/ — As you embark on your online journey, choosing the right domain name plays a vital role in establishing your web presence. It is often one of the earliest decisions you will make as an entrepreneur or small business owner.

GoDaddy is harnessing the power of AI to help entrepreneurs and small business owners find the right domain name for their business, themselves, or their organization. GoDaddy AI Domain Search tool is designed to deliver personalized domain suggestions tailored to each user’s unique needs. Having a catchy and memorable domain name for your business helps to enhance branding and provides increased visibility for a business on the internet.
By simply entering a business description or keywords, users receive creative and unique domain name choices that can align with their brand identity and vision. GoDaddy uses generative AI to provide users with personalized and brandable domain name suggestions based on their business description, idea, product, or service.
GoDaddy AI Domain Search can simplify the process of finding the perfect domain name for a business. When a user enters information describing their business, project, or idea, including such details as business name if already chosen, location or industry, within seconds the AI tool makes suggestions by creating a list of available domain names with different variations and domain name extensions tailored to your needs.
Finding a domain name for a business idea is important as the name chosen will be reflective of your brand for many years to come. Here are some tips for finding available domain names:
Use specific keywords that describe your business, your products and services, your location, and your industry.Use keywords that people would enter when searching for your products or services.Try using variations of a word you want in your domain name to get more options.Mix up keyword combinations that can describe your business.Your aim is to create a name that is memorable, easy to pronounce, and stands out in your industry.In a world driven by AI, GoDaddy AI Domain Search tool simplifies the process of finding the perfect domain name, enabling you to effortlessly brainstorm and explore creative ideas that align with your vision. Within seconds, you can receive a selection of available domains, empowering you to bring your idea to life.
To experience the power of GoDaddy AI Domain Search visit: www.godaddy.com/en-ph/domains/domain-name-generator
About GoDaddy
GoDaddy helps millions of entrepreneurs around the world start, grow and expand their businesses. People turn to GoDaddy to name their idea, create a professional Web site, attract customers, sell their products and services, and accept online payments. GoDaddy’s easy-to-use tools help micro-entrepreneurs manage everything in one place, and its experts are available to provide 24/7 assistance. For more information about the company, visit www.GoDaddy.com.
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Artificial Intelligence

Metz, in Partnership with AI TECH, Introduces Advanced Interactive Flat Panel to Middle East Market

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SHENZHEN, China, June 17, 2024 /PRNewswire/ — METZ Display, a sub-brand of SKYWORTH and a provider of innovative interactive displays for education and business. The announcement of Artificial Intelligence Technologies LLC Dubai as the authorized exclusive distributor for the UAE market as well as the Oman, Qatar, and Bahrain markets marks a significant expansion for METZ Display. By partnering with a trusted distributor like Artificial Intelligence Technologies, METZ is strategically positioning itself to deliver its full range of smart education and smart conference room applications across these regions. This move not only strengthens METZ’s presence in the Middle East but also underscores its commitment to providing innovative interactive displays tailored for both educational and business environments.

Based on the 16 years of R&D and business experience in the IFPD market from SKYWORTH, METZ Display fully inherited its technology and has introduced several interactive displays in the education and business sectors that provide a highly immersive environment and user-friendly experience since 2022, such as the all-in-one LCD.
Mr. Summer Deng METZ  Sales & Marketing Head of MEA, said: ” The IFPD market in MEA is expected to see rapid growth over the next couple of years. The partnership with Artificial Intelligence Technologies LLC, a business entity to promote AI & AV Products, Tools, and services in the United Arab Emirates & Middle East Region will take METZ Display to another new level. We are confident to further develop our quality products and service!”
METZ Display is expanding its reach into the UAE market through Artificial Intelligence Technologies LLC Dubai as its authorized distributor.
The introduction of the METZ K Pro Series, particularly the EDLA Certified collaborative display, in the MEA Region highlights their commitment to providing innovative interactive display solutions for both education and business sectors. This move could potentially enhance learning and collaboration experiences in the region.
Mr. Harold Fernandes, the Managing Director of Artificial Intelligence Technologies, seems quite enthusiastic about the partnership with METZ Display. His emphasis on the versatility of METZ’s portfolio, applicable across various sectors such as education and business, reflects a keen understanding of the market’s needs. By highlighting the engaging experiences offered by METZ Display products, he’s underlining the potential benefits for resellers and end-users alike. This partnership seems poised to bring innovative solutions to the UAE market.
About METZ Display
With Skyworth, one of the world’s largest TV companies, and Metz, one of the oldest German manufacturers, METZ Display creates high-quality educational and business applications that make state-of-the-art screen technology available to everyone by combining their strengths and 80 years of experience.
About Artificial Intelligence Technologies LLC
Artificial Intelligence Technologies LLC, Is established as a business entity to promote AI & AV Products, and complete AV Solution, Tools & Services in the United Arab Emirates & Middle East Region. Visit the website at https://ai-tech.ai/ 
Phone: +971 4299 0544Email: [email protected]: www.ai-tech.ai
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