E-signature software is designed to gather signatures, without printing or signing a physical document. E-signature software allows companies or individuals to reduce the cycle time to gather signatures, as well as reduce costs of gathering and storing signatures on paper. E-signatures are a way to speed up legal paperwork, by replacing physical contract documents with electronic alternatives. In this case, the signatures are made electronically by the parties involved in safe and secure manner. Besides this, e-signatures also appear to be massively cheaper, than physical paperwork.

1. GLOBAL INDUSTRY INSIGHT:
E-Signature Market Size, Share, Development, Growth and Demand
Forecast to 2020

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Global E-Signature Market Size, Share, Development, Growth
and Demand Forecast to 2020
One of the major drivers of the global e-signature market is the need for security and risk management,
specifically in financial services industry, including banking, insurance, home and auto lenders.
E-signature software is designed to gather signatures, without printing or signing a physical document. E-
signature software allows companies or individuals to reduce the cycle time to gather signatures, as well as
reduce costs of gathering and storing signatures on paper. E-signatures are a way to speed up legal paperwork,
by replacing physical contract documents with electronic alternatives. In this case, the signatures are made
electronically by the parties involved in safe and secure manner. Besides this, e-signatures also appear to be
massively cheaper, than physical paperwork.
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analysis/e-signature-market
The global e-signature market can be segmented on the basis of devices, technology, type, and use-case. Based
on devices, the e-signature market can be divided into e-signature generating devices and e-signature detecting
devices. On the basis of technology, the e-signature market can be categorized into basic, advanced, and
qualified e-signatures. Various types of e-signatures prevailing in the e-signature market include, signature pad at
POS, PKI, Voice signature, Clickwrap, handwritten mouse signature. On the basis of use case, the market can be
segmented into meditated, unmeditated, third party, and internal use case e-signatures.
The ease of implementation of the software as a service (SaaS) delivery model is expected to continue the driving
adoption of e-signatures and will establish SaaS, as the predominant global e-signature delivery model.
Signatures are small, but important constituents of many business transactions. Signature requirements can be
found in internal and external interactions, but are most sought as formal components in transactions among
parties in different organizations. Prior to e-signature adoption, enterprises had to keep many processes paper-
based, or have been forced to implement processes that were partly automated, and use paper, fax, and postal
and shipping services to complete transactions.
The use of e-signature software or services can greatly improve operational efficiencies, help drive new business
and create a more convenient experience for signers. Many organizations have adopted commercial and
homegrown e-signature solutions to great benefit. Since then, a momentum has been building steadily, owing
much of the recent adoption to the increasing availability of functionally capable and economically attractive SaaS
offerings that can be used by individuals, businesses and other organizations.
According to a report on Celent, the e-signature industry has grown multifold in the past five years. The usage by
life insurance companies has increased from 47% in 2007 to 74% in 2013.

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Global E-Signature Market Size, Share, Development, Growth
and Demand Forecast to 2020
DocuSign, Adobe Document cloud eSign services (formerly Adobe EchoSign), RightSignature and e-SignLive by
Silanis were named leaders. High performers have high customer satisfaction scores, with a smaller market
presence than leaders.
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DocuSign Inc., CITRIX SYSTEMS, INC., Sertifi, Inc., AssureSign LLC, Silanis Inc are the major competitors in the
global e-signature market. Gemalto NV, RPost, Adobe Systems Incorporated. Silanis has been a leader in
providing on-premises electronic signature software and implementation services, and has specific strength in
North American financial service and government verticals. European providers such as, Dictao's and Keynectis'
software as a service (SaaS) offerings use digital signatures too. AssureSign offers SaaS and on-premises
editions of its e-signature capabilities, and the code base is the same. DocuSign continues to build its lead in
North America, and has established a beach -head in Europe. Sertifi was the only named High Performer. e-
SignLive by Silanis has earned the highest overall customer satisfaction score, for each customer segment.
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Global E-Signature Market Size, Share, Development, Growth
and Demand Forecast to 2020
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