Saudi Arabia Digital Signature Market Size & Outlook
Saudi Arabia digital signature market, 2017-2030 (US$M)
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Saudi Arabia digital signature market highlights
- The Saudi Arabia digital signature market generated a revenue of USD 60.7 million in 2023 and is expected to reach USD 535.0 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 36.5% 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 60.7 million |
| Market revenue in 2030 | USD 535.0 million |
| Growth rate | 36.5% (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, Saudi Arabia accounted for 1.3% 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 Middle East & Africa, UAE digital signature market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 627.7 million by 2030.
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Digital Signature Market Scope
Digital Signature Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 63.92% in 2024. Horizon Databook has segmented the Saudi Arabia digital signature market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
The KSA government's Vision 2030 initiative aims to diversify the country's economy and promote digital transformation across various sectors. As part of this vision, the government is putting a strong emphasis on adopting advanced technologies and digitizing processes.
Implementing digital signature solutions is a stepping stone to achieving these goals, as they enable secure and efficient electronic transactions, reduce paperwork, and enhance the overall digital infrastructure.
Moreover, the KSA government has implemented regulatory frameworks that are expected to support the use of digital signatures and promote trust in electronic transactions, including the Electronic Transactions Law.
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Target buyers of Saudi Arabia 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 Saudi Arabia digital signature market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia digital signature market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia Digital Signature Market Outlook Share, 2024 & 2030 (US$M)
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