Market revenue in 2023 | USD 52.3 million |
Market revenue in 2030 | USD 578.0 million |
Growth rate | 40.9% (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. |
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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 63.86% in 2023. Horizon Databook has segmented the South Korea digital signature market based on solution, services covering the revenue growth of each sub-segment from 2017 to 2030.
South Korea is known for its high mobile penetration rate, and providers of digital signature solutions are adapting to this trend by introducing mobile-friendly digital signature applications and platforms, which can potentially allow users to sign documents securely using their smartphones or tablets.
The convenience and accessibility associated with mobile digital signatures have further accelerated their adoption across various end-use industries and industry verticals. Given South Korea’s thriving fintech industry, digital signatures have particularly gained significant traction in the financial services industry.
Banks, insurance companies, and fintech startups are utilizing digital signatures aggressively to streamline customer onboarding, service loan applications and insurance policy issuance, and secure document exchanges. Digital signatures are typically playing a potent role in enhancing the efficiency, security, and speed of financial transactions.
Horizon Databook provides a detailed overview of country-level data and insights on the South Korea digital signature market , including forecasts for subscribers. This country databook contains high-level insights into South Korea digital signature market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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