Digital Transaction Management (DTM) Market Value to Surge in Current Times

Market Research Future has published a Cooked Research Report on the Global Digital Transaction Management (DTM) Market.

Overview

The digital transaction management market is anticipated to witness healthy growth from 2023 to 2032, a research report suggests. Growing at a high CAGR, the market is projected to reach USD 13.69 Billion with 6.30% CAGR by 2032. Increased internet penetration is expected to support the market growth along with growing popularity of digital payment modes. As predicted by analysts, cyber-attacks will negatively affect the market’s performance from 2017 to 2023. During the forecast period, the market will be supported by rapid adoption of cloud based services and introduction of more stringent IT security frameworks.

Digital fraudulence on the other hand will challenge cloud computing service sector based organizations functioning in the global digital transaction management market. Analysts have split the market into components, solutions, end-users, and region segments based on products and services. Cloud computing service based companies have been profiled. The growing penetration of alternatives in the market is set to affect the global market during the forecast period 2017 to 2023. The report also provides the market’s performance forecasts till 2023. Strategies of cloud computing service based companies are studied. The cloud computing service sector itself is supported by the impending threat of cyber-attack as well as increasing awareness levels. During the forecast period 2017 to 2023, the digital transaction management market is set to witness a health growth across components, solutions, end-users, and region segments as well as regional markets.

Market Segmentation

The cloud computing service sector has seen growth across components, solutions, end-users, and region segments owing to digital fraudulence and the growing urbanization. To study the market, analysts have further segmented components, solutions, end-users, and regions into authentication, document archival, workflow automation, and e-signature on the basis of components. The market is further segmented into solutions sub segment which is split into hardware, software, and services. Additionally, the digital transaction management market on the basis of end-users is segmented into BFSI, healthcare, retail, and government.

The segmental analysis presented in the report provides cloud computing service field based organizations insights into key growth factors such as the rapidly growing population as well as challenges such as low research and development budgets the market will face from 2017 to 2023. The presence of untapped market opportunities and the changing social behaviour are some of the key factors having an influence on cloud computing service industry based companies, suggest analysts as per the digital transaction management market report. But the report also identifies the high cost of product and maintenance and high initial investments as major threats companies in cloud computing service will face till 2023. 

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Regional Overview

Cloud computing service market based companies in the digital transaction management market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing demand from various industry verticals will be a key growth driver for regional markets. However, the lack of investments in research and development will turn out to be a threat. For the forecast period 2017 to 2023. Each of these regional markets are studied in the report. Starting from North America, the regional market and cloud computing service vertical based companies are spread across the United States, Mexico, and Canada.

The lack of investments in R&D will turn out to be a major challenge from 2017 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by favorable policies across regional markets as well as the increasing spending power of consumers, suggests the report. Similarly, the cloud computing service sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the digital transaction management market covers the Middle East and Africa. The global digital transaction management market forecasts based on the findings are presented for the forecast period till 2023.

Competitive Landscape

The global digital transaction management market research report brings a comprehensive study of components, solutions, end-users, and region market segments, regional analysis, and cloud computing service vertical based company details of key players. As the forecast period 2017 to 2023 will bring new opportunities for the market owing to a rise in disposable income and the rising industrialization, the market is set to grow at a high compound annual growth rate and is predicted to reach a value of US$5,552.91 million by 2023. With SWOT analysis of cloud computing service sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the unavailability of professional services and growing concerns regarding high cost, companies in the cloud computing service sector can change the way business is done.

Industry News

Signaturit and Ivnosys, two of Southern Europe's top suppliers of trust services and stable automated transaction management applications, announced today that they have signed definitive merger documents. The transaction aims to provide a full-service digital transaction management Software-as-a-Service (SaaS) company, offering a broad suite of advanced tools to containing accurate online signature within the organization and a broad range of advanced, unique electronic identities, digital reminders, and digital signature technologies by integrating Signaturit's core cloud-based e-signature platform with Ivnosys' wide range of innovative, highly secured identities, digital alerts, and digital signature technologies.