The Europe electronic signature software market size was valued at US$ 1.53 billion in 2024 and is expected to reach US$ 13.52 billion by 2031; it is estimated to record a CAGR of 36.6% from 2025 to 2031. Integration with cloud-based security solutions is likely to remain a key market trend.
Factors such as rising electronic fraud incidences, the flourishing e-commerce sector, and increasing emphasis on e-signature regulations drive the Europe electronic signature software market growth. The market is expected to grow during the forecast period owing to the establishment of well-defined e-signature laws and the increasing adoption of mobile signatures. However, limitations on document and recipient settings hamper the Europe electronic signature software market growth.
An electronic signature is a type of digital signature that adheres to strict legal regulations, providing the highest level of assurance in verifying the signer's identity and securely associating it with the signed document. It uses Public Key Infrastructure (PKI) standards to ensure robust security, making it a trusted technology for authenticating digital transactions. Electronic signatures are widely used in applications such as financial transactions, software distribution, and contract management, where document authenticity is critical, preventing forgery or tampering.
By employing cryptographic techniques, electronic signatures verify the integrity and authenticity of messages or documents, serving as a secure electronic equivalent to a handwritten signature or stamped seal. Key aspects of electronic signatures include authenticity, ensuring the source of a document is verified; integrity, confirming that the document has not been altered in transit; and security, offering high-level protection through PKI standards and electronic certificates for identity verification. Electronic signatures hold legal significance in many countries as they are adopted to create binding agreements similar to traditional handwritten signatures.
According to the European Banking Authority report, in 2023, the payment fraud reported by the banking industry across the European Economic Area (EEA) amounted to US$ 4.6 billion (EUR 4.3 billion) in 2022 and US$ 2.1 billion (EUR 2.0 billion) in the first half of 2023. Most payment frauds were related to credit transfers and card payments across all three reference periods analyzed. These criminal acts often involve manipulating individuals into authorizing fraudulent transactions through deceptive means. Further, fraud involving compromised credentials, where victims are tricked into disclosing account information, is also on the rise. This shift from digital payment fraud to scams highlights a change in the tactics of fraudsters, who are now exploiting vulnerabilities in human behavior rather than targeting weaknesses in digital payment systems. As scams become more frequent and sophisticated, financial institutions face greater complexity in managing them. According to Sumsub, new statistics show that forced verification frauds have emerged as a new scamming approach in many parts of the world. In Germany alone, the number of forced verifications grew by 1,500% among all fraud cases, accounting for 0.3% of all fraud cases in 2022 and 5% of the total in Q1 2023. The surging prevalence and sophistication of these forgeries render them more difficult to detect, driving their rise as a primary tool for identity fraud. Thus, rising digital fraud incidents bolster the Europe electronic signature software market.
Mobile signatures are gaining widespread popularity as more individuals rely on their mobile devices for communications and transactions. They offer convenience by allowing users to sign documents on the go without the need for a computer desktop or printing equipment. They also aid in efficiency owing to a quick signing process, eliminating the use of paper documents. Mobile signatures also provide accessibility, enabling individuals to sign from anywhere at any time without the need for physical meetings or postage. Additionally, they are often more secure than traditional signatures, owing to multifactor authentication and encryption technologies. Mobile signatures that meet criteria such as identity verification and encryption are gaining legal recognition in many parts of the world. As a result, they are becoming the preferred choice among businesses and individuals seeking convenience, efficiency, and security.
In August 2024, Syngrafii, a leader in e-signature solutions with its products such as its iinked Sign, Video Signing Room, and LongPen remote signing device, entered into a strategic partnership with MetaDolce Technologies, a global provider of biometric and mobile data capture products. MetaDolce specializes in solutions for identity verification, access control, law enforcement, border protection, time and attendance, transportation, and healthcare, thereby serving clients from the commercial, corporate, and government sectors from more than 100 countries. With its collaboration with MetaDolce Technologies, Syngrafii aims to expand the market reach of its advanced e-signature solutions by integrating them with MetaDolce's smart devices, offering an optimized, secure e-signature workflow with enhanced non-repudiation capabilities for remote signings. In partnership, Syngrafii plans to combine its innovative technology with MetaDolce's hardware offering to provide businesses, government entities, and security agencies with a cutting-edge signing system that aligns with the burgeoning demand for secure, efficient, and legally recognized mobile signature solutions. This alliance reflects the increasing adoption of mobile signatures, which is likely to present significant growth opportunities to companies in the Europe electronic signature software market.
Key segments that contributed to the derivation of the Europe electronic signature software market analysis are offering, method, deployment type, and end user.
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 1.53 Billion |
| Market Size by 2031 | US$ 13.52 Billion |
| Global CAGR (2025 - 2031) | 36.6% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Offering
|
| Regions and Countries Covered | Europe
|
| Market leaders and key company profiles |
The Europe electronic signature software market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the market are listed below:
(Source: Abode, Press Release, December 2024)
(Source: Docusign, Press Release, July 2024)
The "Europe Electronic Signature Software Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering the areas mentioned below:
Integration with cloud-based security solutions administrators is a key trend in the market.
DocuSign, Adobe, Entrust, Zoho Corporation, and Thales are major players in the market.
The market is expected to reach a value of US$ 13.52 billion by 2031.
The market is anticipated to expand at a CAGR of 36.6% during 2025-2031.
Rising digital fraud incidents, Flourishing E-commerce sector, and well-defined e-signature laws are driving the market growth.