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Signature Verification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global signature verification market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 23% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. 

Signature verification refers to the usage of software for auto-validating signatures from the signatory with claimed individuals. An image of the signature is generally fed into the software and compared with the signature image on a file. It saves time, reduces operational costs, authenticates the legal identity of the person and facilitates the workflow of organizations. Consequently, it is widely employed in the education, government, healthcare and banking, financial services and insurance (BFSI) sector to ensure process compliance and minimize human errors in clearing financial documents.

A significant rise in the instances of data theft and identity duplication represents one of the major factors impelling the global signature verification market growth. Apart from this, the increasing cases of security breaches and transaction fraud in the healthcare, education, defense and BFSI industries are escalating the demand for signature verification solutions to prevent the loss of critical and confidential data. Moreover, the widespread adoption of electronic signatures in the retail sector is contributing to the market growth. Furthermore, the dynamic signature verification (DSV) that compares signatures based on various parameters, such as velocity, acceleration, pressure and geometrical shape, of the biometric sample is gaining traction worldwide. Moreover, several organizations are shifting towards the remote working model due to the spread of the coronavirus disease (COVID-19) and consequent lockdowns imposed by governments of various countries. As a result, they are adopting electronic signing, which is increasing the demand for signature verification software to identify and authenticate business transactions within legal frameworks.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global signature verification market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on product type, technology and end use industry.

Breakup by Product Type:

  • Hardware
  • Software
     

Breakup by Technology:

  • Static Signature Verification
  • Dynamic Signature Verification
     

Breakup by End Use Industry:

  • Education
  • Government
  • BFSI
  • Healthcare
  • Transport/Logistics
  • Defense and Security
  • Others
     

Breakup by Region:

  • North America
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 01 Systems, Ascertia Ltd., Biometric Signature ID, Certify Global Inc., Cyber Signs Ltd., DataVision Software Solutions Pvt. Ltd., Dynasign Corporation, Entrust Datacard Corporation, Hitachi Ltd., iSign Solutions Inc., J.C. Lads Corporation, Odyssey Technologies Limited, Scriptel Corporation and Sutisoft Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Billion
Segment Coverage Product Type, Technology, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 01 Systems, Ascertia Ltd., Biometric Signature ID, Certify Global Inc., Cyber Signs Ltd., DataVision Software Solutions Pvt. Ltd., Dynasign Corporation, Entrust Datacard Corporation, Hitachi Ltd., iSign Solutions Inc., J.C. Lads Corporation, Odyssey Technologies Limited, Scriptel Corporation and Sutisoft Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Key Questions Answered in This Report:

  • How has the global signature verification market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global signature verification market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end use industry?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global signature verification market and who are the key players?
  • What is the degree of competition in the industry?

1   Preface
2   Scope and Methodology 

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction

    4.1    Overview
    4.2    Key Industry Trends
5   Global Signature Verification Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Product Type
    6.1    Hardware
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Software
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Technology
    7.1    Static Signature Verification
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Dynamic Signature Verification
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by End Use Industry
    8.1    Education
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Government
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    BFSI
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Healthcare
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Transport/Logistics
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Defense and Security
        8.6.1 Market Trends
        8.6.2 Market Forecast
    8.7    Others
        8.7.1 Market Trends
        8.7.2 Market Forecast
9   Market Breakup by Region
    9.1    North America
        9.1.1 United States
           9.1.1.1 Market Trends
           9.1.1.2 Market Forecast
        9.1.2 Canada
           9.1.2.1 Market Trends
           9.1.2.2 Market Forecast
    9.2    Asia Pacific
        9.2.1 China
           9.2.1.1 Market Trends
           9.2.1.2 Market Forecast
        9.2.2 Japan
           9.2.2.1 Market Trends
           9.2.2.2 Market Forecast
        9.2.3 India
           9.2.3.1 Market Trends
           9.2.3.2 Market Forecast
        9.2.4 South Korea
           9.2.4.1 Market Trends
           9.2.4.2 Market Forecast
        9.2.5 Australia
           9.2.5.1 Market Trends
           9.2.5.2 Market Forecast
        9.2.6 Indonesia
           9.2.6.1 Market Trends
           9.2.6.2 Market Forecast
        9.2.7 Others
           9.2.7.1 Market Trends
           9.2.7.2 Market Forecast
    9.3    Europe
        9.3.1 Germany
           9.3.1.1 Market Trends
           9.3.1.2 Market Forecast
        9.3.2 France
           9.3.2.1 Market Trends
           9.3.2.2 Market Forecast
        9.3.3 United Kingdom
           9.3.3.1 Market Trends
           9.3.3.2 Market Forecast
        9.3.4 Italy
           9.3.4.1 Market Trends
           9.3.4.2 Market Forecast
        9.3.5 Spain
           9.3.5.1 Market Trends
           9.3.5.2 Market Forecast
        9.3.6 Russia
           9.3.6.1 Market Trends
           9.3.6.2 Market Forecast
        9.3.7 Others
           9.3.7.1 Market Trends
           9.3.7.2 Market Forecast
    9.4    Latin America
        9.4.1 Brazil
           9.4.1.1 Market Trends
           9.4.1.2 Market Forecast
        9.4.2 Mexico
           9.4.2.1 Market Trends
           9.4.2.2 Market Forecast
        9.4.3 Others
           9.4.3.1 Market Trends
           9.4.3.2 Market Forecast
    9.5    Middle East and Africa
        9.5.1 Market Trends
        9.5.2 Market Breakup by Country
        9.5.3 Market Forecast
10  SWOT Analysis
    10.1    Overview
    10.2    Strengths
    10.3    Weaknesses
    10.4    Opportunities
    10.5    Threats
11  Value Chain Analysis
12  Porters Five Forces Analysis

    12.1    Overview
    12.2    Bargaining Power of Buyers
    12.3    Bargaining Power of Suppliers
    12.4    Degree of Competition
    12.5    Threat of New Entrants
    12.6    Threat of Substitutes
13  Competitive Landscape
    13.1    Market Structure
    13.2    Key Players
    13.3    Profiles of Key Players
        13.3.1    01 Systems 
           13.3.1.1 Company Overview
           13.3.1.2 Product Portfolio 
        13.3.2    Ascertia Ltd.
           13.3.2.1 Company Overview
           13.3.2.2 Product Portfolio
        13.3.3    Biometric Signature ID 
           13.3.3.1 Company Overview
           13.3.3.2 Product Portfolio 
        13.3.4    Certify Global Inc. 
           13.3.4.1 Company Overview
           13.3.4.2 Product Portfolio 
        13.3.5    Cyber Signs Ltd
           13.3.5.1 Company Overview
           13.3.5.2 Product Portfolio 
        13.3.6    DataVision Software Solutions Pvt. Ltd.
           13.3.6.1 Company Overview
           13.3.6.2 Product Portfolio 
        13.3.7    Dynasign Corporation
           13.3.7.1 Company Overview
           13.3.7.2 Product Portfolio 
        13.3.8    Entrust Datacard Corporation
           13.3.8.1 Company Overview
           13.3.8.2 Product Portfolio 
        13.3.9    Hitachi Ltd.
           13.3.9.1 Company Overview
           13.3.9.2 Product Portfolio 
           13.3.9.3 Financials
           13.3.9.4 SWOT Analysis
        13.3.10    iSign Solutions Inc.    
           13.3.10.1 Company Overview
           13.3.10.2 Product Portfolio 
           13.3.10.3 Financials
        13.3.11    J.C. Lads Corporation
           13.3.11.1 Company Overview
           13.3.11.2 Product Portfolio 
        13.3.12    Odyssey Technologies Limited
           13.3.12.1 Company Overview
           13.3.12.2 Product Portfolio 
           13.3.12.3 Financials
        13.3.13    Scriptel Corporation
           13.3.13.1 Company Overview
           13.3.13.2 Product Portfolio 
        13.3.14    Sutisoft Inc. 
           13.3.14.1 Company Overview
           13.3.14.2 Product Portfolio 

List of Figures

Figure 1: Global: Signature Verification Market: Major Drivers and Challenges
Figure 2: Global: Signature Verification Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Signature Verification Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 4: Global: Signature Verification Market: Breakup by Product Type (in %), 2020
Figure 5: Global: Signature Verification Market: Breakup by Technology (in %), 2020
Figure 6: Global: Signature Verification Market: Breakup by End Use Industry (in %), 2020
Figure 7: Global: Signature Verification Market: Breakup by Region (in %), 2020
Figure 8: Global: Signature Verification (Hardware) Market: Sales Value (in Million US$), 2015 & 2020
Figure 9: Global: Signature Verification (Hardware) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 10: Global: Signature Verification (Software) Market: Sales Value (in Million US$), 2015 & 2020
Figure 11: Global: Signature Verification (Software) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 12: Global: Signature Verification (Static Signature Verification) Market: Sales Value (in Million US$), 2015 & 2020
Figure 13: Global: Signature Verification (Static Signature Verification) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 14: Global: Signature Verification (Dynamic Signature Verification) Market: Sales Value (in Million US$), 2015 & 2020
Figure 15: Global: Signature Verification (Dynamic Signature Verification) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 16: Global: Signature Verification (Education) Market: Sales Value (in Million US$), 2015 & 2020
Figure 17: Global: Signature Verification (Education) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 18: Global: Signature Verification (Government) Market: Sales Value (in Million US$), 2015 & 2020
Figure 19: Global: Signature Verification (Government) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 20: Global: Signature Verification (BFSI) Market: Sales Value (in Million US$), 2015 & 2020
Figure 21: Global: Signature Verification (BFSI) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 22: Global: Signature Verification (Healthcare) Market: Sales Value (in Million US$), 2015 & 2020
Figure 23: Global: Signature Verification (Healthcare) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 24: Global: Signature Verification (Transport/Logistics) Market: Sales Value (in Million US$), 2015 & 2020
Figure 25: Global: Signature Verification (Transport/Logistics) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 26: Global: Signature Verification (Defense and Security) Market: Sales Value (in Million US$), 2015 & 2020
Figure 27: Global: Signature Verification (Defense and Security) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 28: Global: Signature Verification (Other End Use Industries) Market: Sales Value (in Million US$), 2015 & 2020
Figure 29: Global: Signature Verification (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 30: North America: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 31: North America: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 32: United States: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 33: United States: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 34: Canada: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 35: Canada: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 36: Asia Pacific: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 37: Asia Pacific: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 38: China: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 39: China: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 40: Japan: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 41: Japan: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 42: India: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 43: India: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 44: South Korea: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 45: South Korea: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 46: Australia: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 47: Australia: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 48: Indonesia: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 49: Indonesia: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 50: Others: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 51: Others: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 52: Europe: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 53: Europe: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 54: Germany: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 55: Germany: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 56: France: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 57: France: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 58: United Kingdom: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 59: United Kingdom: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 60: Italy: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 61: Italy: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 62: Spain: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 63: Spain: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 64: Russia: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 65: Russia: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 66: Others: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 67: Others: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 68: Latin America: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 69: Latin America: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 70: Brazil: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 71: Brazil: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 72: Mexico: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 73: Mexico: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 74: Others: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 75: Others: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 76: Middle East and Africa: Signature Verification Market: Sales Value (in Million US$), 2015 & 2020
Figure 77: Middle East and Africa: Signature Verification Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 78: Global: Signature Verification Industry: SWOT Analysis
Figure 79: Global: Signature Verification Industry: Value Chain Analysis
Figure 80: Global: Signature Verification Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Signature Verification Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Signature Verification Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Signature Verification Market Forecast: Breakup by Technology (in Million US$), 2021-2026
Table 4: Global: Signature Verification Market Forecast: Breakup by End Use Industry (in Million US$), 2021-2026
Table 5: Global: Signature Verification Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 6: Global: Signature Verification Market: Competitive Structure
Table 7: Global: Signature Verification Market: Key Players    

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