South Korea Digital Signature Market Size & Outlook
South Korea digital signature market, 2017-2030 (US$M)
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South Korea digital signature market highlights
- The South Korea digital signature market generated a revenue of USD 52.3 million in 2023 and is expected to reach USD 578.0 million by 2030.
- The South Korea market is expected to grow at a CAGR of 40.9% 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 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. |
Other key industry trends
- In terms of revenue, South Korea accounted for 1.1% 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 |
|---|
South Korea 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 63.86% in 2024. 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.
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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 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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South Korea Digital Signature Market Outlook Share, 2024 & 2030 (US$M)
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