Signature Verification Market Research Report - Global Forecast to 2027

Global Signature Verification Market Research Report, End-User (BFSI, education & research, government & defense), Technology (static signature verification, dynamic signature verification), By Component (software, hardware) - Forecast till 2027

ID: MRFR/ICT/5505-HCR | February 2021 | Region: Global | 100 pages

Please note that the assessment period of report has been updated from 2018-2023 to 2020-2027. Cordially fill the sample form for updated data

Market synopsis


Worldwide Signature Verification market is expected to grow from USD 0.80 billion in 2017 to USD 2.99 billion by 2023, at a compound annual growth rate (CAGR) of 25.09% during the forecast period.


Signature is a distinguishing feature of a persons identity which is  used for verification purposes at various places such as businesses, financial organizations and governments, to authorize transactions and other essential documents. It is an authentication method, that uses dynamic feature of a person’s handwritten signature along with its characteristics such as speed, pen lifts, and direction of pen strokes to authenticate identity. Signature verification permits the use of mobile phones and tablets to capture, store, retrieve, and compare electronic signatures. With the advent of several modes of authentication methods like OTP, PIN, and biometrics, signature verification adds an extra layer for security of transactions and identity protection. The use of digital signature decreases operational costs, time and makes the contract signing process even more efficient for the workflow. The need to decrease identity replication is driving the growth of global signature verification market. Moreover, rise in level of transactional frauds, security breaches, data theft, and focus on providing the highest level of security to the customers in many sectors fuels the market growth. However, high error rates, high intra-class variability, and fluctuations in physical & emotional state of the user can lead to errors, which hinder the growth of this market. Government regulations to incorporate signature verification into their credential authentication paradigms and an increased adoption of signature verification systems in the BFSI sector for regulation of money & data are expected to provide growth opportunities for this market. The global signature verification market is dominated by the key players such as Cyber-SIGN(US), Biometric Signature ID (US), iSign Solutions (US), Certify Global (US) and SutiSoft (US).


Signature verification now gets even smarter than before due to its integration with AI technology which makes it capable to identify fraud or true signatures quickly and precisely with help of the new AI software. The adoption of these AI based signature verification systems is expected to boost the market and improve the system capabilities.
Signature Verification Market
Signature Verification Market


Source: MRFR Analysis


Segmentation.


By end-user, the market is segmented into education & research, BFSI, government & defense, healthcare & life sciences, real estates, human resources and others.


By component, the market is segmented into hardware and software components.


By technology, the market is segmented into static signature verification and


dynamic signature verification.


By region, the market is segmented into North America, Europe, Asia-Pacific and the rest of the world


Regional analysis


The global market for signature verification market is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of signature verification market is studied for North America, Europe, Asia-Pacific, and the rest of the world.


North American region dominates the signature verification market owing to the increasing demand for signature verification in large banks and PCI companies located in this region. Europe is growing at a considerable high growth rate due to presence of various small and medium-sized enterprises (SMEs) which include online transactions which may be prone to cyber-attacks.


Competitive Analysis


In the global market for signature verification, key players always aim craeting something new and focus on continous innovation in their products. The major players in market invest heavily in their research and development process to enhance their product portfolio. With help of a strong organic strategy such as product development and launch of new products they aim at gaining significant market share and improve their growth prospects. Also, several companies adopt inorganic strategies such as expansions, mergers and acquisitions, joint ventures, partnerships and others to increase their footprints in this market in order to sustain in the long run.


Key players


The prominent players in the signature verification market are Cyber-SIGN (US), Biometric Signature ID (US), iSign Solutions (US), Certify Global (US) and SutiSoft (US).


Other players in the signature verification market are KeCrypt (UK), Ascertia (UK), Odyssey Technologies (India), Hitachi (Japan), WonderNet (Israel), SQN Banking Systems (US), Scriptel (US), Parascript (US), Secured Signing (New Zealand) and DynaSig (USA).


Intended Audience



  • Digital signature solution and service providers

  • Information security directors/managers

  • End users/consumers/enterprise users

  • Government organizations

  • System integrators and resellers

  • Hardware Security Module (HSM) manufacturers

  • Professional service providers

  • Solution integrators

  • Cyber security vendors

  • Government organizations

  • Software vendors

  • Service providers and distributors

  • Research organizations

  • IT security agencies

  • Investors and venture capitalists



Frequently Asked Questions (FAQ) :


The key participants of the signature verification market are Cyber-SIGN (US), iSign Solutions (US), Biometric Signature ID (US), Certify Global (US), SutiSoft (US), KeCrypt (UK), Odyssey Technologies (India), Ascertia (UK), Hitachi (Japan), Secured Signing (New Zealand), SQN Banking Systems (US), WonderNet (Israel), Scriptel (US), Parascript (US), and DynaSig (USA).

The signature verification market is prognosticated to expand at 25.09% CAGR.

By 2023, the valuation of the signature verification market is poised to be USD 2.99 Bn.

Increasing cases of fraudulent activities are expected to drive the augmentation of the signature verification market.

By component, the segments of the signature verification market are hardware and software.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat Of New Entrants

4.1.2 Bargaining Power Of Buyers

4.1.3 Threat Of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain Of Global Signature Verification Market

5 Industry Overview Of Global Signature Verification Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7 Global Signature Verification Market By End-User

7.1 Introduction

7.2 BFSI

7.2.1 Market Estimates & Forecast, 2020–2027

7.2.2 Market Estimates & Forecast By Region, 2020–2027

7.3 Education & Research

7.3.1 Market Estimates & Forecast, 2020–2027

7.3.2 Market Estimates & Forecast By Region, 2020–2027

7.4 Government & Defense

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast By Region, 2020–2027

7.4 Healthcare & Life-Sciences

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast By Region, 2020–2027

7.4 Real Estates

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast By Region, 2020–2027

7.4 Human Resources

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast By Region, 2020–2027

7.4 Others

7.4.1 Market Estimates & Forecast, 2020–2027

7.4.2 Market Estimates & Forecast By Region, 2020–2027 8 Global Signature Verification Market By Technology

8.1 Introduction

8.2 Static Signature Verification

8.2.1 Market Estimates & Forecast, 2020–2027

8.2.2 Market Estimates & Forecast, By Region, 2020–2027

8.3 Dynamic Signature Verification

8.3.1 Market Estimates & Forecast, 2020–2027

8.3.2 Market Estimates & Forecast, By Region, 2020–2027

9 Global Signature Verification Market By Component

9.1 Introduction

9.2 Hardware

9.2.1 Market Estimates & Forecast, 2020–2027

9.2.2 Market Estimates & Forecast, By Region, 2020–2027

9.3 Software

9.3.1 Market Estimates & Forecast, 2020–2027

9.3.2 Market Estimates & Forecast, By Region, 2020–2027 12. Global Signature Verification Market By Region

12.1 Introduction

12.2 North America

12.2.1 Market Estimates & Forecast, By Country, 2020–2027

12.2.2 Market Estimates & Forecast, By Technology, 2020–2027

12.2.3 Market Estimates & Forecast, By Application, 2020–2027

12.2.4 Market Estimates & Forecast, By Application, 2020–2027

12.2.5 Market Estimates & Forecast, By Application, 2020–2027 12.2.6 US

12.2.6.1 Market Estimates & Forecast, By Technology, 2020–2027

12.2.6.2 Market Estimates & Forecast, By Application, 2020–2027

12.2.6.3 Market Estimates & Forecast, By Application, 2020–2027

12.2.6.4 Market Estimates & Forecast, By Application, 2020–2027

12.2.7 Canada

12.2.7.1 Market Estimates & Forecast, By Technology, 2020–2027

12.2.7.2 Market Estimates & Forecast, By Application, 2020–2027

12.2.7.3 Market Estimates & Forecast, By Application, 2020–2027

12.2.7.4 Market Estimates & Forecast, By Application, 2020–2027

12.2.8 Mexico

12.2.8.1 Market Estimates & Forecast, By Technology, 2020–2027

12.2.8.2 Market Estimates & Forecast, By Application, 2020–2027

12.2.8.3 Market Estimates & Forecast, By Application, 2020–2027

12.2.8.4 Market Estimates & Forecast, By Application, 2020–2027

12.3 Europe

12.3.1 Market Estimates & Forecast, Country, 2020–2027

12.3.2 Market Estimates & Forecast, By Technology, 2020–2027

12.3.3 Market Estimates & Forecast, By Application, 2020–2027

12.3.4 Market Estimates & Forecast, By Application, 2020–2027

12.3.5 Market Estimates & Forecast, By Application, 2020–2027

12.3.6 Germany

12.3.6.1 Market Estimates & Forecast, By Technology, 2020–2027

12.3.6.2 Market Estimates & Forecast, By Application, 2020–2027

12.3.6.3 Market Estimates & Forecast, By Application, 2020–2027

12.3.6.4 Market Estimates & Forecast, By Application, 2020–2027

12.3.7 France

12.3.7.1 Market Estimates & Forecast, 2020–2027

12.3.7.2 Market Estimates & Forecast, By Technology, 2020–2027

12.3.7.3 Market Estimates & Forecast, By Application, 2020–2027

12.3.7.4 Market Estimates & Forecast, By Application, 2020–2027

12.3.7.4 Market Estimates & Forecast, By Application, 2020–2027 12.3.8 Italy

12.3.8.1 Market Estimates & Forecast, By Technology, 2020–2027

12.3.8.2 Market Estimates & Forecast, By Application, 2020–2027

12.3.8.3 Market Estimates & Forecast, By Application, 2020–2027

12.3.8.4 Market Estimates & Forecast, By Application, 2020–2027 12.3.9 Spain

12.3.9.1 Market Estimates & Forecast, By Technology, 2020–2027

12.3.9.2 Market Estimates & Forecast, By Application 2020–2027

12.3.9.3 Market Estimates & Forecast, By Application, 2020–2027

12.3.9.4 Market Estimates & Forecast, By Application, 2020–2027 12.3.10 UK

12.3.10.1 Market Estimates & Forecast, By Technology, 2020–2027

12.3.10.2 Market Estimates & Forecast, By Application, 2020–2027

12.3.10.3 Market Estimates & Forecast By Application, 2020–2027

12.3.10.4 Market Estimates & Forecast, By Application, 2020–2027 12.4 Asia-Pacific

12.4.1 Market Estimates & Forecast, Country, 2020–2027

12.4.2 Market Estimates & Forecast, By Technology, 2020–2027

12.4.3 Market Estimates & Forecast, By Application, 2020–2027

12.4.4 Market Estimates & Forecast, By Application, 2020–2027

12.4.5 Market Estimates & Forecast, By Application, 2020–2027 12.4.6 China

12.4.6.1 Market Estimates & Forecast, By Technology, 2020–2027

12.4.6.2 Market Estimates & Forecast, By Application, 2020–2027

12.4.6.3 Market Estimates & Forecast, By Application, 2020–2027

12.4.6.4 Market Estimates & Forecast, By Application, 2020–2027

12.4.7 India

12.4.7.1 Market Estimates & Forecast, By Technology, 2020–2027

12.4.7.2 Market Estimates & Forecast, By Application, 2020–2027

12.4.7.3 Market Estimates & Forecast, By Application, 2020–2027

12.4.7.4 Market Estimates & Forecast, By Application, 2020–2027

12.4.8 Japan

12.4.8.1 Market Estimates & Forecast, By Technology, 2020–2027

12.4.8.2 Market Estimates & Forecast, By Application, 2020–2027

12.4.8.3 Market Estimates & Forecast, By Application, 2020–2027

12.4.8.4 Market Estimates & Forecast, By Application, 2020–2027

12.4.9 Rest Of Asia-Pacific

12.4.9.1 Market Estimates & Forecast, By Technology, 2020–2027

12.4.9.2 Market Estimates & Forecast, By Application, 2020–2027

12.4.9.3 Market Estimates & Forecast, By Application, 2020–2027

12.4.9.4 Market Estimates & Forecast, By Application, 2020–2027

12.5 The Rest Of The World

12.5.1 Market Estimates & Forecast, Country, 2020–2027

12.5.2 Market Estimates & Forecast, By Technology, 2020–2027

12.5.3 Market Estimates & Forecast, By Application, 2020–2027

12.5.4 Market Estimates & Forecast, By Application, 2020–2027

12.5.5 Market Estimates & Forecast, By Application, 2020–2027

12.5.6 Middle East & Africa

12.5.6.1 Market Estimates & Forecast, By Technology, 2020–2027

12.5.6.2 Market Estimates & Forecast, By Application, 2020–2027

12.5.6.3 Market Estimates & Forecast, By Application, 2020–2027

12.5.6.4 Market Estimates & Forecast, By Application, 2020–2027

12.5.7 Latin America

12.5.7.1 Market Estimates & Forecast, By Technology, 2020–2027

12.5.7.2 Market Estimates & Forecast, By Application, 2020–2027

12.5.7.3 Market Estimates & Forecast, By Application, 2020–2027

12.5.7.4 Market Estimates & Forecast, By Application, 2020–2027

13 Company Landscape

14 Company Profiles

14.1 Google

14.1.1 Company Overview

14.1.2 Product/Business Segment Overview

14.1.3 Financial Updates

14.1.4 Key Developments

14.2 Facebook

14.2.1 Company Overview

14.2.2 Product/Business Segment Overview

14.2.3 Financial Updates

14.2.4 Key Developments

14.3 AWS

14.3.1 Company Overview

14.3.2 Product/Business Segment Overview

14.3.3 Financial Updates

14.3.4 Key Developments

14.4 IBM

14.4.1 Company Overview

14.4.2 Product/Business Segment Overview

14.4.3 Financial Updates

14.4.4 Key Developments

14.5 Adobe Systems

14.5.1 Company Overview

14.5.2 Product/Business Segment Overview

14.5.3 Financial Updates

14.5.4 Key Developments

14.6 Baidu

14.6.1 Company Overview

14.6.2 Product/Business Segment Overview

14.6.3 Financial Updates

14.6.4 Key Developments

14.7 Salesforce

14.7.1 Company Overview

14.7.2 Product/Business Segment Overview

14.7.3 Financial Updates

14.7.4 Key Developments

14.8 Twitter

14.8.1 Company Overview

14.8.2 Product/Business Segment Overview

14.8.3 Financial Updates

14.8.4 Key Developments

14.9 Snap

14.9.1 Company Overview

14.9.2 Product/Business Segment Overview

14.9.3 Financial Updates

14.9.4 Key Developments

14.10 Clarabridge

14.10.1 Company Overview

14.10.2 Product/Business Segment Overview

14.10.3 Financial Updates

14.10.4 Key Developments

15 Conclusion LIST OF TABLES Table 1 Global Signature Verification Market, By Region, 2020–2027

Table 2 North America: Signature Verification Market, By Country, 2020–2027

Table 3 Europe: Signature Verification Market, By Country, 2020–2027

Table 4 Asia-Pacific: Signature Verification Market, By Country, 2020–2027

Table 5 Middle East & Africa: Signature Verification Market, By Country, 2020–2027

Table 6 Latin America: Signature Verification Market, By Country, 2020–2027

Table 7 Global Signature Verification Technology Market, By Region, 2020–2027

Table 8 North America: Signature Verification Technology Market, By Country, 2020–2027

Table 9 Europe: Signature Verification Technology Market, By Country, 2020–2027

Table10 Asia-Pacific: Signature Verification Technology Market, By Country, 2020–2027

Table11 Middle East & Africa: Signature Verification Technology Market, By Country, 2020–2027

Table12 Latin America: Signature Verification Technology Market, By Country, 2020–2027

Table13 Global Signature Verification Application Market, By Region, 2020–2027

Table14 North America: Signature Verification Application Market, By Country, 2020–2027

Table15 Europe: Signature Verification Application Market, By Country, 2020–2027

Table16 Asia-Pacific: Signature Verification Application Market, By Country, 2020–2027

Table17 Middle East & Africa: Signature Verification Application Market, By Country, 2020–2027

Table18 Latin America: Signature Verification Application Market, By Country, 2020–2027

Table19 Global Signature Verification Component Market, By Region, 2020–2027

Table20 North America: Signature Verification Component Market, By Country, 2020–2027

Table21 Europe: Signature Verification Component Market, By Country, 2020–2027

Table22 Asia-Pacific: Signature Verification Component Market, By Country, 2020–2027

Table23 Middle East & Africa: Signature Verification Component Market, By Country, 2020–2027

Table24 Latin America: Signature Verification Component Market, By Country, 2020–2027

Table25 Global Signature Verification Enterprise Market, By Region, 2020–2027

Table26 North America: Signature Verification Enterprise Market, By Country, 2020–2027

Table27 Europe: Signature Verification Enterprise Market, By Country, 2020–2027

Table28 Asia-Pacific: Signature Verification Enterprise Market, By Country, 2020–2027

Table29 Middle East & Africa: Signature Verification Enterprise Market, By Country, 2020–2027

Table30 Latin America: Signature Verification Enterprise Market, By Country, 2020–2027

Table31 Global Signature Verification End-User Market, By Region, 2020–2027

Table32 North America: Signature Verification End-User Market, By Country, 2020–2027

Table33 Europe: Signature Verification End-User Market, By Country, 2020–2027

Table34 Asia-Pacific: Signature Verification End-User Market, By Country, 2020–2027

Table35 Middle East & Africa: Signature Verification End-User Market, By Country, 2020–2027

Table36 Latin America: Signature Verification End-User Market, By Country, 2020–2027

Table37 Asia-Pacific: Signature Verification Market, By Country

Table38 Asia-Pacific: Signature Verification Market, By Technology

Table39 Asia-Pacific: Signature Verification Market, By Application

Table40 Asia-Pacific: Signature Verification Market, By Component

Table41 Asia-Pacific: Signature Verification Market, By Enterprise-Size

Table42 Asia-Pacific: Signature Verification Market, By End-User

Table43 Middle East & Africa: Signature Verification Market, By Country

Table44 Middle East & Africa: Signature Verification Market, By Technology

Table45 Middle East & Africa: Signature Verification Market, By Application

Table46 Middle East & Africa: Signature Verification Market, By Component

Table47 Middle East & Africa: Signature Verification Market, By Enterprise-Size

Table48 Middle East & Africa: Signature Verification Market, By End-User

Table49 Latin America: Signature Verification Market, By Country

Table50 Latin America: Signature Verification Market, By Technology

Table51 Latin America: Signature Verification Market, By Application

Table52 Latin America: Signature Verification Market, By Component

Table53 Latin America: Signature Verification Market, By Enterprise-Size

Table54 Latin America: Signature Verification Market, End-User

LIST OF FIGURES FIGURE 1 Global Signature Verification Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Signature Verification Market

FIGURE 4 Value Chain Of Global Signature Verification Market

FIGURE 5 Share Of Global Signature Verification Market In 2017, By Country (In %)

FIGURE 6 Global Signature Verification Market, 2020–2027

FIGURE 7 Global Signature Verification Market Size, By Technology, 2020

FIGURE 8 Share Of Global Signature Verification Market, By Technology, 2020 - 2027

FIGURE 9 Global Signature Verification Market Size, By Application, 2020

FIGURE 10 Share Of Global Signature Verification Market, By Application, 2020 - 2027

FIGURE 11Global Signature Verification Market Size, By Component, 2020

FIGURE 12 Share Of Global Signature Verification Market, By Component, 2020 - 2027

FIGURE 13Global Signature Verification Market Size, By Enterprise-Size, 2020

FIGURE 14 Share Of Global Signature Verification Market, By Enterprise-Size, 2020 - 2027

FIGURE 15Global Signature Verification Market Size, By End-User, 2020

FIGURE 16 Share Of Global Signature Verification Market, By End-User, 2020 - 2027