Europe Electronic Signature Software Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Deployment (On Premise and On Cloud), Method (General Electronic Signature, Qualified Electronic Signature, and Enhanced Electronic Signature), Offerings (Solutions and Service), and End-User Industry (Manufacturing, BFSI, Pharmaceuticals, Government Agencies, Legal, and Others)
Market Introduction
The electronic signature helps users show agreement to the conditions in terms of electronic service. The electronic signature provides greater security to the one who is signing the documents and the one receiving it. Digitally signed documents have a high potential in the legal sector, which is one of the major factors supporting the growth of the Europe electronic signature software market. Electronic signature software provides various advantages that enable businesses to streamline the workflow. Increased business speed, improved document accuracy, optimized cost and time, and enhanced customer service are among the advantages of electronic signatures.
A few of the significant factors that are contributing to the growth of the Europe electronic signature software market are increasing digitization, advancements in technologies, and the growing focus of companies toward providing better end-to-end services. In Europe, major industries such as manufacturing, BFSI, and government agencies are at the forefront of electronic signature software adoption.
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Market Overview and Dynamics
The Europe electronic signature software market is expected to grow from US$ 356.79 million in 2020 to US$ 2155.27 million by 2028; it is estimated to grow at a CAGR of 25.3% from 2021 to 2028.
The e-commerce industry is growing rapidly in Europe. Verification, authentication, and security are the major entities in the industry. Almost all documents in the e-commerce industry are processed electronically. The use of electronic signatures in the industry provides several benefits, such as ease-of-use by adding e-signatures with a click of a button. Further, since the industry comprises courier services for delivery, signing the documents becomes simple with electronic signatures after the confirmation and validation of documents. The originating party can receive signed documents over the internet within minutes of being signed, regardless of their location. This helps the e-commerce players to maintain document accuracy, reduce time, facilitate easy storage and retrieval of documents, and offer enhanced customer services. With the flourishing e-commerce industry in Europe and the increasing use of digital signatures in the industry, the electronic signature software is expected to witness high demand in the coming years.
Impact of COVID-19 Pandemic on Europe Electronic Signature Software Market
The adoption of electronics equipment has been affected massively due to the COVID-19 outbreak. The outbreak distrusted the businesses across several industries in various countries. The European member states such as Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of the novel coronavirus. Moreover, due to rising automation of legal process across various sectors, such as manufacturing, BFSI, pharmaceuticals, and government agencies, the deployment of electronic signature software is increasing in Europe. The deployment is also increased in the region owing to rising adoption of cloud technology. Further, the imposition of containment measures owing to the spread of mutated strain hampered the growth of the Europe electronic signature software market in Q1, 2021.
Key Market Segments
The Europe electronic signature software market is segmented on the basis of deployment, offering, method, and end-user industry. Based on deployment, the market is bifurcated into cloud and on premise. By offering, the Europe electronic signature software market is bifurcated into solution and service. Based on method, the market is segmented into general electronic signature, qualified electronic signature, and enhanced electronic signature. By end-user industry, the Europe electronic signature software market is segmented into BFSI, pharmaceutical, manufacturing, government agencies, legal, and others. The Europe electronic signature software market is segmented into five major countries—Germany, the UK, Russia, Italy, and France.
Major Sources and Companies Listed
The top companies operating in the Europe electronic signature software market are Adobe, DocuSign Inc., eSign Genie, HID Global Corporation, Legalesign Ltd., OneSpan, RPost, Thales Group, U-Sign-It Pty Ltd, and Zoho Corporation. Various other companies operating in the market are coming up with new technologies and offerings, which is helping the electronic signature software market to expand in terms of revenue.
Reasons to Buy Report
- To understand the Europe electronic signature software market landscape and identify market segments that are most likely to guarantee a strong return
- To stay ahead of the race by comprehending the ever-changing competitive landscape for the Europe electronic signature software market
- To efficiently plan M&A and partnership deals in the Europe electronic signature software market by identifying market segments with the most promising probable sales
- To make knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segments of the Europe electronic signature software market
- To obtain revenue forecast for market by various segments from 2020 to 2028 in Europe
Europe Electronic Signature Software Market Segmentation
Europe Electronic Signature Software Market – by Deployment
- On Premise
- Cloud
Europe Electronic Signature Software Market – by Method
- General Electronic Signature
- Qualified Electronic Signature
- Enhanced Electronic Signature
Europe Electronic Signature Software Market – by Offerings
- Solution
- Service
Europe Electronic Signature Software Market – by End-user Industry
- Manufacturing
- BFSI
- Pharmaceuticals
- Government Agencies
- Legal
- Others
Europe Electronic Signature Software Market – by Country
- Germany
- France
- Italy
- UK
- Russia
- Rest of Europe
Europe Electronic Signature Software Market - Companies Mentioned
- Adobe
- DocuSign Inc.
- eSign Genie
- HID Global Corporation
- Legalesign Ltd.
- OneSpan
- RPost
- Thales Group
- U-Sign-It Pty Ltd
- Zoho Corporation
1. Introduction
1.1 Scope of The Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Electronic Signature Software Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinions
5. Electronic Signature Software Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Implementation of Digital Technologies by Enterprises in Europe
5.1.2 Growing Use of Electronic Signature in the E-Commerce Industry
5.2 Market Restraints
5.2.1 Laws and Policies Concerning Electronic Signatures
5.3 Market Opportunities
5.3.1 Mounting Deployment of Cloud-Based Solutions in the Banking Industry
5.4 Future Trends
5.4.1 Rising Application across SMEs
5.5 Impact Analysis of Drivers and Restraints
6. Electronic Signature Software Market – Europe Market Analysis
6.1 Europe Electronic Signature Software Market Overview
6.2 Europe Electronic Signature Software Market Forecast and Analysis
6.3 Market Positioning- Top Five Players
7. Europe Electronic Signature Software Market Analysis By Deployment
7.1 Overview
7.2 Europe Electronic Signature Software Market Breakdown, By Deployment, 2020 & 2028
7.3 On-Premise
7.3.1 Overview
7.3.2 Europe On-Premise Market Revenue and Forecasts to 2028 (US$ Million)
7.4 Cloud
7.4.1 Overview
7.4.2 Europe Cloud Market Revenue and Forecasts to 2028 (US$ Million)
8. Europe Electronic Signature Software Market – By Offerings
8.1 Overview
8.2 Europe Electronic Signature Software Market Breakdown, By Offering, 2020 and 2028
8.3 Solution
8.3.1 Overview
8.3.2 Europe Solution Market Revenue and Forecast to 2028 (US$ Million)
8.4 Service
8.4.1 Overview
8.4.2 Europe Service Market Revenue and Forecast to 2028 (US$ Million)
9. Europe Electronic Signature Software Market Analysis By Method
9.1 Overview
9.2 Europe Electronic Signature Software Market Breakdown, by Method, 2020 and 2028
9.3 General Electronic Signature
9.3.1 Overview
9.3.2 Europe General Electronic Signature Market Revenue and Forecast to 2028 (US$ Million)
9.4 Qualified Electronic Signature
9.4.1 Overview
9.4.2 Europe Qualified Electronic Signature Market Revenue and Forecast to 2028 (US$ Million)
9.5 Enhanced Electronic Signature
9.5.1 Overview
9.5.2 Europe Enhanced Electronic Signature Market Revenue and Forecast to 2028 (US$ Million)
10. Europe Electronic Signature Software Market – By End-User Industry
10.1 Overview
10.2 Europe Electronic Signature Software Market Breakdown, By End-User Industry, 2020 and 2028
10.3 Manufacturing
10.3.1 Overview
10.3.2 Europe Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
10.4 BFSI
10.4.1 Overview
10.4.2 Europe BFSI Market Revenue and Forecast to 2028 (US$ Million)
10.5 Pharmaceuticals
10.5.1 Overview
10.5.2 Europe Pharmaceuticals Market Revenue and Forecast to 2028 (US$ Million)
10.6 Government Agencies
10.6.1 Overview
10.6.2 Europe Government Agencies Market Revenue and Forecast to 2028 (US$ Million)
10.7 Legal
10.7.1 Overview
10.7.2 Europe Legal Market Revenue and Forecast to 2028 (US$ Million)
10.8 Others
10.8.1 Overview
10.8.2 Europe Others Market Revenue and Forecast to 2028 (US$ Million)
11. Europe Electronic Signature Software Market – Country Analysis
11.1 Overview
11.1.1 Europe: Electronic Signature Software Market, By Country
11.1.1.1 Germany: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 Germany: Electronic Signature Software Market, By Deployment
11.1.1.1.2 Germany: Electronic Signature Software Market, By Method
11.1.1.1.3 Germany: Electronic Signature Software Market, By Offering
11.1.1.1.4 Germany: Electronic Signature Software Market, By End-User Industry
11.1.1.2 UK: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 UK: Electronic Signature Software Market, By Deployment
11.1.1.2.2 UK: Electronic Signature Software Market, By Method
11.1.1.2.3 UK: Electronic Signature Software Market, By Offering
11.1.1.2.4 UK: Electronic Signature Software Market, By End-User Industry
11.1.1.3 France: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 France: Electronic Signature Software Market, By Deployment
11.1.1.3.2 France: Electronic Signature Software Market, By Method
11.1.1.3.3 France: Electronic Signature Software Market, By Offering
11.1.1.3.4 France: Electronic Signature Software Market, By End-User Industry
11.1.1.4 Italy: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Italy: Electronic Signature Software Market, By Deployment
11.1.1.4.2 Italy: Electronic Signature Software Market, By Method
11.1.1.4.3 Italy: Electronic Signature Software Market, By Offering
11.1.1.4.4 Italy: Electronic Signature Software Market, By End-User Industry
11.1.1.5 Russia: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.5.1 Russia: Electronic Signature Software Market, By Deployment
11.1.1.5.2 Russia: Electronic Signature Software Market, By Method
11.1.1.5.3 Russia: Electronic Signature Software Market, By Offering
11.1.1.5.4 Russia: Electronic Signature Software Market, By End-User Industry
11.1.1.6 Rest of Europe: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.6.1 Rest of Europe: Electronic Signature Software Market, By Deployment
11.1.1.6.2 Rest of Europe: Electronic Signature Software Market, By Method
11.1.1.6.3 Rest of Europe: Electronic Signature Software Market, By Offering
11.1.1.6.4 Rest of Europe: Electronic Signature Software Market, By End-User Industry
12. Impact of COVID-19 Pandemic on Europe Electronic Signature Software Market
12.1 Europe: Impact Assessment of COVID-19 Pandemic
13. Industry Landscape
13.1 Market Initiative
13.1 New Product Development
14. Electronic Signature Software Market- Company Profiles
14.1 Adobe
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 DocuSign Inc.
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 eSign Genie
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 HID Global Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Legalesign Ltd.
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 OneSpan
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 RPost
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Thales Group
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 U-Sign-It Pty Ltd
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Zoho Corporation
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Glossary Of Terms
LIST OF TABLES
Table 1. Europe Electronic Signature Software Market Revenue and Forecasts to 2028 (US$ Million)
Table 2. Germany: Electronic Signature Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Electronic Signature Software Market, By Method – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Electronic Signature Software Market, By Offering – Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Electronic Signature Software Market, By End-User Industry – Revenue and Forecast to 2028 (US$ Million)
Table 6. UK: Electronic Signature Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 7. UK: Electronic Signature Software Market, By Method – Revenue and Forecast to 2028 (US$ Million)
Table 8. UK: Electronic Signature Software Market, By Offering – Revenue and Forecast to 2028 (US$ Million)
Table 9. UK Electronic Signature Software Market, By End-User Industry – Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Electronic Signature Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 11. France Electronic Signature Software Market, By Method – Revenue and Forecast to 2028 (US$ Million)
Table 12. France: Electronic Signature Software Market, By Offering – Revenue and Forecast to 2028 (US$ Million)
Table 13. France Electronic Signature Software Market, By End-User Industry – Revenue and Forecast to 2028 (US$ Million)
Table 14. Italy Electronic Signature Software Market, By End-User Industry – Revenue and Forecast to 2028 (US$ Million)
Table 15. Italy Electronic Signature Software Market, By Method – Revenue and Forecast to 2028 (US$ Million)
Table 16. Italy Electronic Signature Software Market, By Offering– Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy: Electronic Signature Software Market, By End-User Industry – Revenue and Forecast to 2028 (US$ Million)
Table 18. Russia Electronic Signature Software Market, By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 19. Russia: Electronic Signature Software Market, By Method – Revenue and Forecast to 2028 (US$ Million)
Table 20. Russia: Electronic Signature Software Market, By Offering – Revenue and Forecast to 2028 (US$ Million)
Table 21. Russia Electronic Signature Software Market, By End-User Industry – Revenue and Forecast to 2028 (US$ Million)
Table 22. Rest of Europe: Electronic Signature Software Market , By Deployment – Revenue and Forecast to 2028 (US$ Million)
Table 23. Rest of Europe: Electronic Signature Software Market, By Method – Revenue and Forecast to 2028 (US$ Million)
Table 24. Rest of Europe: Electronic Signature Software Market, By Offering – Revenue and Forecast to 2028 (US$ Million)
Table 25. Rest of Europe: Electronic Signature Software Market, By End-User Industry -Revenue and Forecast to 2028 (US$ Million)
Table 26. Glossary Of Term: Electronic Signature Software Market
LIST OF FIGURES
Figure 1. Europe Electronic Signature Software Market Segmentation
Figure 2. Europe Electronic Signature Software Market Segmentation – By Country
Figure 3. Europe Electronic Signature Software Market Overview
Figure 4. Cloud segment is expected to witness high growth
Figure 5. Qualified Electronic Signature Holds the Largest Market Share
Figure 6. Solutions Segment Holds the Largest Market Share
Figure 7. BFSI Industry Generates the Highest Revenue
Figure 8. Germany to Witness Fastest CAGR
Figure 9. Europe Pest Analysis
Figure 10. Europe Electronic Signature Software Market Ecosystem Analysis
Figure 11. Europe Electronic Signature Software Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Electronic Signature Software Market Forecast and Analysis, (US$ Million)
Figure 13. Europe Electronic Signature Software Market Breakdown, by Deployment, 2020 & 2028 (%)
Figure 14. Europe On-Premise Market Revenue and Forecasts to 2028 (US$ Million)
Figure 15. Europe Cloud Market Revenue and Forecasts to 2028 (US$ Million)
Figure 16. Europe Electronic Signature Software Market, By Offering, 2020 and 2028 (%)
Figure 17. Europe Solution Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Service Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Electronic Signature Software Market Breakdown, By Method, 2020 and 2028 (%)
Figure 20. Europe General Electronic Signature Market Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Qualified Electronic Signature Market Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Enhanced Electronic Signature Market Revenue and Forecast to 2028 (US$ Million)
Figure 23. Europe Electronic Signature Software Market Breakdown, By End-User Industry, 2020 and 2028 (%)
Figure 24. Europe Manufacturing Market Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe BFSI Market Revenue and Forecast to 2028 (US$ Million)
Figure 26. Europe Pharmaceuticals Market Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Government Agencies Market Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Legal Market Revenue and Forecast to 2028 (US$ Million)
Figure 29. Europe Others Market Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe: Electronic Signature Software Market, By Country, 2020 and 2028 (%)
Figure 31. Germany: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. UK: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. France: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. Italy: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Russia: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Rest of Europe: Electronic Signature Software Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Impact of COVID-19 Pandemic in Europe Country Markets
The List of Companies - Europe Electronic Signature Software Market
- Adobe
- DocuSign Inc.
- eSign Genie
- HID Global
- Legalesign
- OneSpan
- RPost
- Thales Group
- U-Sign-It Pty Ltd.
- Zoho Corporation
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