Global Signature Verification Market

   2021-07-17       24        Business
Rating :
Global Signature Verification Market was valued at USD Bn in 2019 and is expected to reach at USD Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.

Global Signature Verification Market was valued at USD Bn in 2019 and is expected to reach at USD  Bn by 2027 at a CAGR of xx% over forecast period 2020-2027.

Global Signature Verification Market


Global Signature Verification Market

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The report covers an in depth analysis of COVID 19 pandemic impact on Global Signature Verification Market by region and on the key players revenue affected till April 2020 and expected short term and long term impact on the market.
Global Signature Verification Market Dynamics:

Signature verification is a type of software that compares signatures and checks for authenticity. This saves time and energy and helps to prevent human error during the signature process and lowers chances of fraud in the process of authentication. The software generates a confidence score against the signature to be verified. Various factors such as increase in need to reduce identity duplication, rise in level of security breaches, transaction fraud, data theft, and increase in focus on providing the highest level of security to customers in many sectors and government regulations to incorporate signature verification into their credential authentication paradigms and increase in adoption signature verification systems in the BFSI sector due to regulation of money & data are expected to drive the market growth over forecast period.

However, factors such as high intra-class variability, high error rates, and fluctuations in physical & emotional state of the user can lead to errors, lack of technical expertise and infrastructure are restraining the market growth over forecast period.

Global Signature Verification Market is segmented by end user, technology, by product and by region. By technology, dynamic signature technology held 61.87% of market share in 2019 and is expected to keep its dominance over forecast period. Dynamic signature verification technology is lightweight, fast, flexible and more reliable with multiple options for storage, multiple signatures against one ID and a huge database. It can automatically search for a signature within an image or file. By end user BFSI held 43.76% of market share in 2019 and is expected to keep its dominance over forecast period due to increasing e-commerce markets and online transactions. Furthermore, as the modes of the online transaction and the number of the online transaction are increasing, end-to-end encryption and security have become a major concern. Thus, the BFSI industry is adopting signature verification software rapidly to provide a secure authentication mode for online transactions.

By geography, North America dominated the global market with xx% of market share in 2019 and is expected to keep its dominance over forecast period owing to the presence of major players, such as Biometric Signature ID, Certify Global Inc., and ISign Solutions Inc, which offers paperless, secure, and trusted identity assurance. Recently US Senate has made a Digital Signat


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geeta narwade

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electroni..


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