Signature verification is an authentication method that uses the dynamic feature of a person's handwritten signature. Signatures are unique and are used for verification by financial organizations, businesses, and governments to authorize transactions and documents. Signature verification is considered as an important authentication technique among all the most popular biometric-based authentication methods in personal identification and verification. It uses characteristics of a person’s signature that includes pen lifts, speed, and direction of pen strokes to authenticate identity.
The dynamic signature verification technology is quickly replacing paper-based signatures as it enables the reduction of the transaction time and the expenses related to manual paper-based processes and also increases compliance and security. Additionally, this technology provides significant benefits such as automatic detection of any changes made to the document, immediate invalidation of the signatures in case of any unauthorized access to the document, and notifications to all the parties involved.
Market Analysis and Insights: Global Signature Verification Market
The research report studies the Signature Verification market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Signature Verification market size is projected to reach US$ 2869 million by 2026, from US$ 969.7 million in 2020, at a CAGR of 19.8% during 2021-2026.
Global Signature Verification Scope and Segment
The global Signature Verification market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Signature Verification market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
Segment by Type, the Signature Verification market is segmented into
Static Signature Verification
Dynamic Signature Verification
Segment by Application, the Signature Verification market is segmented into
Education
Government
Banking, Financial Services, and Insurance (BFSI)
Other
Global Signature Verification market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
The major vendors covered:
Biometric Signature ID
Certify Global
Cyber-SIGN (Witswell Consulting and Services)
ISign Solutions
01 Systems
Ascertia
Datavision Image
DynaSig
Entrust (Datacard)
Hitachi
KeCrypt
Kofax (Acquired by Lexmark)
Odyssey Technologies
Parascript
Scriptel
Secured Signing
Softpro
SutiSoft
SQN Banking Systems
The dynamic signature verification technology is quickly replacing paper-based signatures as it enables the reduction of the transaction time and the expenses related to manual paper-based processes and also increases compliance and security. Additionally, this technology provides significant benefits such as automatic detection of any changes made to the document, immediate invalidation of the signatures in case of any unauthorized access to the document, and notifications to all the parties involved.
Market Analysis and Insights: Global Signature Verification Market
The research report studies the Signature Verification market using different methodologies and analyzes to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market. Each area is then elaborated to help the reader comprehend the growth potential of each region and its contribution to the global market. The researchers have used primary and secondary methodologies to collate the information in the report. They have also used the same data to generate the current market scenario. This report is aimed at guiding people towards an apprehensive, better, and clearer knowledge of the market.
The global Signature Verification market size is projected to reach US$ 2869 million by 2026, from US$ 969.7 million in 2020, at a CAGR of 19.8% during 2021-2026.
Global Signature Verification Scope and Segment
The global Signature Verification market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Signature Verification market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2015-2026.
Segment by Type, the Signature Verification market is segmented into
Static Signature Verification
Dynamic Signature Verification
Segment by Application, the Signature Verification market is segmented into
Education
Government
Banking, Financial Services, and Insurance (BFSI)
Other
Global Signature Verification market: regional analysis, the major regions covered in the report are:
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of Middle East & Africa
The report lists the major players in the regions and their respective market share on the basis of global revenue. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition. This will give the reader an edge over others as a well-informed decision can be made looking at the holistic picture of the market.
The major vendors covered:
Biometric Signature ID
Certify Global
Cyber-SIGN (Witswell Consulting and Services)
ISign Solutions
01 Systems
Ascertia
Datavision Image
DynaSig
Entrust (Datacard)
Hitachi
KeCrypt
Kofax (Acquired by Lexmark)
Odyssey Technologies
Parascript
Scriptel
Secured Signing
Softpro
SutiSoft
SQN Banking Systems
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.