India Digital Signature Market Size & Outlook, 2024-2030
India digital signature market, 2017-2030 (US$M)
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India digital signature market highlights
- The India digital signature market generated a revenue of USD 93.9 million in 2023 and is expected to reach USD 1,160.0 million by 2030.
- The India market is expected to grow at a CAGR of 43.2% 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 93.9 million |
| Market revenue in 2030 | USD 1,160.0 million |
| Growth rate | 43.2% (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, India accounted for 2.0% 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 |
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India 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 64.11% in 2024. Horizon Databook has segmented the India digital signature market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
Several key factors are contributing to the growing adoption of digital signatures in India. The Indian government is pursuing various initiatives, such as the Digital India campaign, to promote digitalization and e-governance.
The push for financial inclusion and the digitization of financial services through various technologically advanced systems, such as the Aadhaar-enabled Payment System (AePS) and Unified Payments Interface (UPI), being pursued by the Indian government is also contributing to the growing adoption of digital signatures.
Apart from these initiatives; laws and regulations, such as the Information Technology Act 2000, have also helped in rolling out a supportive legal framework and regulatory environment endorsing the validity and enforceability of digital signatures.
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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 India digital signature market , including forecasts for subscribers. This country databook contains high-level insights into India digital signature market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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India Digital Signature Market Outlook Share, 2024 & 2030 (US$M)
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