Australia Digital Signature Market Size & Outlook
Australia digital signature market, 2017-2030 (US$M)
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Australia digital signature market highlights
- The Australia digital signature market generated a revenue of USD 68.7 million in 2023 and is expected to reach USD 737.5 million by 2030.
- The Australia market is expected to grow at a CAGR of 40.4% from 2024 to 2030.
- In terms of segment, solution was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Digital signature market data book summary
| Market revenue in 2023 | USD 68.7 million |
| Market revenue in 2030 | USD 737.5 million |
| Growth rate | 40.4% (CAGR from 2023 to 2030) |
| Largest segment | Solution |
| Fastest growing segment | Services |
| Historical data | 2017 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Solution, Services |
| Key market players worldwide | DocuSign Inc, Adobe Inc, OneSpan Inc, Ascertia, Topaz Energy Corp Ordinary Shares, Entrust Inc. |
Other key industry trends
- In terms of revenue, Australia accounted for 1.5% of the global digital signature market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China digital signature market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,160.0 million by 2030.
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Digital Signature Market Scope
Digital Signature Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Australia digital signature market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to digital signature market will help companies and investors design strategic landscapes.
Solution was the largest segment with a revenue share of 64.05% in 2024. Horizon Databook has segmented the Australia digital signature market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
Australia has a well-established legal framework endorsing the validity and enforceability of digital signatures. The Electronic Transactions Act 1999 provides a legal basis for electronic signatures and promotes the use of digital signatures in various transactions in both public and private sectors.
Given that legal recognition is subject to both parties giving consent to the transaction as a prerequisite; such transparency has instilled confidence in both businesses and individuals to adopt digital signature solutions.
Moreover, programs, such as myGovID and Digital Transformation Agency (DTA), are also being pursued to encourage government agencies and departments to transition from paper-based workflows to digital workflows, including the use of digital signatures for authentication and verification.
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Our clientele includes a mix of digital signature market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia digital signature market , including forecasts for subscribers. This country databook contains high-level insights into Australia digital signature market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Australia Digital Signature Market Outlook Share, 2024 & 2030 (US$M)
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