Canada Digital Signature Market Size & Outlook, 2023-2030
Canada digital signature market, 2017-2030 (US$M)
Related Markets
Canada digital signature market highlights
- The Canada digital signature market generated a revenue of USD 449.8 million in 2023 and is expected to reach USD 4,165.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 37.4% 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 449.8 million |
| Market revenue in 2030 | USD 4,165.9 million |
| Growth rate | 37.4% (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, Canada accounted for 9.8% 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 North America, U.S. digital signature market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 4,165.9 million by 2030.
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Digital Signature Market Scope
Digital Signature Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 2023. Horizon Databook has segmented the Canada digital signature market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
The digital signature market in Canada is evolving rapidly, which is driven by factors such as regulatory support, increasing digital transformation, remote work trends, and the need for efficient and secure digital processes. Digital signatures are widely adopted in Canada, providing a streamlined contractual process in the digital environment.
In recent years, there has been a significant increase in the use of digital signatures in the country, and this trend is expected to continue. Courts in Canada have supported the use of digital signatures, recognizing their legal validity.
The Government of Canada has also acknowledged the growing prevalence of digital signatures and issued its internal guidance, known as the Government of Canada Guidance on Using Electronic Signatures, to provide direction on the subject.
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Target buyers of Canada digital signature market databook
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Our clientele includes a mix of digital signature market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Canada digital signature market , including forecasts for subscribers. This country databook contains high-level insights into Canada digital signature market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada digital signature market size, by component, 2017-2030 (US$M)
Canada Digital Signature Market Outlook Share, 2023 & 2030 (US$M)
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