Digital Transaction Management Market Opportunities 2031
The digital transaction management market size is expected to grow at a CAGR of 26.3% from 2023 to 2031. The augmented usage of digital transformation technologies is the principal driver of market expansion. Digital transaction management is a component of cloud services that is precisely designed to manage digital document-based transactions. Organizations benefit from digital transaction management in numerous ways, such as collaborative document management and enhancing document-based processes for an improved customer experience.
Digital Transaction Management Market Analysis
Increasing organizational efficiency through the use of digital technologies to handle all business activities with little or no human participation is known as business automation. Robotic Process Automation (RPA) and low-code automation are examples of technological developments that are opening the door to more secure transaction management systems. Throughout the projected period, the digital transaction market—especially for cloud-based services—is anticipated to grow at a faster rate due to the growing usage of technology in financial transactions and the expansion of e-commerce platforms.
Digital Transaction Management Market Overview
- The digital transaction market growth can be attributed to the model shift toward process and workflow automation across various industry verticals such as BFSI, retail, government, real estate, and healthcare, among others. Enterprises worldwide are looking forward to executing seamless and efficient business procedures, which can be implemented regardless of the location. As such, digital transaction management solutions can help organizations refine customer experiences while reducing transaction periods, thereby generating opportunities for the growth of the market.
REGIONAL FRAMEWORK
Digital Transaction Management Market Driver and Opportunities
Increasing Adoption in BFSI Industry to Drive the Digital Transaction Management Market
- The transaction workflow of financial institutions and banks often tends to be agile. Thus, officials of the BFSI industry are aggressively implementing cloud-based digital transaction management solutions to enhance their transaction management processes for greater flexibility. Various challenges from the demanding customers, increasing competition, and a developing regulatory environment are predominantly encouraging financial institutions and banks to choose digital business transformation. Thus, the increasing adoption of digital transaction management solutions in the BFSI industry is expected to drive market growth during the forecast period.
Increasing Adoption of Cloud-based Solutions to Create Lucrative Market Opportunities
- The increasing adoption of cloud-based services worldwide is projected to create lucrative growth opportunities for the market during the forecast period. Cloud-based solutions speed up signing business contracts and agreements by digitalizing the business process accurately.
- Cloud-based competencies of digital transaction management solutions can predominantly allow operators to manage their business procedures efficiently. A consistent approach toward cloud-based filing management and storage can significantly help businesses with paperless documentation.
Digital Transaction Management Market Report Segmentation Analysis
The key segments that contributed to the derivation of the digital transaction management market analysis are component, solution, end user, and vertical.
- Based on component, the market is divided into hardware, software, and services. The hardware held the principal market share in 2023. The swelling demand for Point of Sale (POS) machines from companies across numerous industry verticals, such as hospitality, retail, and healthcare, is principally boosting the growth of the hardware segment.
- By Solution, the market is divided into electronic signatures, workflow automation, authentication, document archival, and others. The electronic signature segment is expected to hold a prominent share in 2023. This growth can be attributed to the improved efficiency and speed of transactions offered by electronic signatures.
- By End-user, the market is bifurcated into large enterprises and SMEs. The large enterprises segment is expected to hold the majority share in 2023.
- By Vertical, the market is segmented into retail, BFSI, healthcare, IT & Telecom, government, real estate, utilities, and others.
Digital Transaction Management Market Share Analysis By Geography
- The scope of the Digital Transaction Management market is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific region is expected to grow at the fastest CAGR during the forecast period.
- The increasing adoption of digital solutions for transaction management in emerging countries, such as India, is projected to boost the regional market growth. In India, constant digitization initiatives, such as Digital India, being pursued by government bodies are anticipated to propel market growth. Further, the growing number of small and medium enterprises (SMEs) in the Asia Pacific region is also projected to create lucrative growth opportunities for the market growth during the forecast period.
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MARKET PLAYERS
Have a question?
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Digital Transaction Management Market Driver and Opportunities
Increasing Adoption in BFSI Industry to Drive the Digital Transaction Management Market
- The transaction workflow of financial institutions and banks often tends to be agile. Thus, officials of the BFSI industry are aggressively implementing cloud-based digital transaction management solutions to enhance their transaction management processes for greater flexibility. Various challenges from the demanding customers, increasing competition, and a developing regulatory environment are predominantly encouraging financial institutions and banks to choose digital business transformation. Thus, the increasing adoption of digital transaction management solutions in the BFSI industry is expected to drive market growth during the forecast period.
Increasing Adoption of Cloud-based Solutions to Create Lucrative Market Opportunities
- The increasing adoption of cloud-based services worldwide is projected to create lucrative growth opportunities for the market during the forecast period. Cloud-based solutions speed up signing business contracts and agreements by digitalizing the business process accurately.
- Cloud-based competencies of digital transaction management solutions can predominantly allow operators to manage their business procedures efficiently. A consistent approach toward cloud-based filing management and storage can significantly help businesses with paperless documentation.
Digital Transaction Management Market Report Segmentation Analysis
The key segments that contributed to the derivation of the digital transaction management market analysis are component, solution, end user, and vertical.
- Based on component, the market is divided into hardware, software, and services. The hardware held the principal market share in 2023. The swelling demand for Point of Sale (POS) machines from companies across numerous industry verticals, such as hospitality, retail, and healthcare, is principally boosting the growth of the hardware segment.
- By Solution, the market is divided into electronic signatures, workflow automation, authentication, document archival, and others. The electronic signature segment is expected to hold a prominent share in 2023. This growth can be attributed to the improved efficiency and speed of transactions offered by electronic signatures.
- By End-user, the market is bifurcated into large enterprises and SMEs. The large enterprises segment is expected to hold the majority share in 2023.
- By Vertical, the market is segmented into retail, BFSI, healthcare, IT & Telecom, government, real estate, utilities, and others.
Digital Transaction Management Market Share Analysis By Geography
- The scope of the Digital Transaction Management market is primarily divided into five regions - North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific region is expected to grow at the fastest CAGR during the forecast period.
- The increasing adoption of digital solutions for transaction management in emerging countries, such as India, is projected to boost the regional market growth. In India, constant digitization initiatives, such as Digital India, being pursued by government bodies are anticipated to propel market growth. Further, the growing number of small and medium enterprises (SMEs) in the Asia Pacific region is also projected to create lucrative growth opportunities for the market growth during the forecast period.
MARKET PLAYERS
Digital Transaction Management Market Report Scope
Digital Transaction Management Market News and Recent Developments
Companies adopt inorganic and organic strategies such as mergers and acquisitions in the digital transaction management market. Some of the recent key market developments are listed below:
- December 2022 – Skyslope collaborated with Weichert, Realtors for its innovative digital transaction management to Weichert's over 7,000 corporate associates. This partnership enlarges Skyslope's capability by adding several thousands of agents to the present members in Canada and the USA. In addition to the central transaction platform, Skyslope provides a projecting digital signature solution to send real estate documents out for e-signature. [Source: Skylope, Company Website]
Digital Transaction Management Market Report Coverage & Deliverables
The Digital Transaction Management market forecast is estimated based on various secondary and primary research findings, such as key company publications, association data, and databases. The market report "Digital Transaction Management Market Size and Forecast (2021–2031)" provides a detailed analysis of the market covering below areas-
- Market size & forecast at global, regional, and country levels for all the key market segments covered under the scope.
- Market dynamics such as drivers, restraints, and key opportunities.
- Key future trends.
- Detailed PEST & SWOT analysis
- Global and regional market analysis covering key market trends, key players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, key players, and recent developments.
- Detailed company profiles.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global digital transaction management market was estimated to grow at a CAGR of 26.3% during 2023 - 2031.
The growing adoption of cloud-based solutions is the major factors that propel the global digital transaction management market.
The increasing adoption of digital technologies in the BFSI industry is anticipated to play a significant role in the global digital transaction management market in the coming years.
The major players holding majority shares are BlackRock, Inc., The Vanguard Group, Inc., Charles Schwab & Co., Inc., JPMorgan Chase & Co., and FMR LLC.
Asia Pacific is anticipated to grow with a high growth rate during the forecast period.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Digital Transaction Management Market - By Solution
1.3.2 Digital Transaction Management Market - By Enterprise Size
1.3.3 Digital Transaction Management Market - By End-User
1.3.4 Digital Transaction Management Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. DIGITAL TRANSACTION MANAGEMENT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. DIGITAL TRANSACTION MANAGEMENT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. DIGITAL TRANSACTION MANAGEMENT MARKET - GLOBAL MARKET ANALYSIS
6.1. DIGITAL TRANSACTION MANAGEMENT - GLOBAL MARKET OVERVIEW
6.2. DIGITAL TRANSACTION MANAGEMENT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIGITAL TRANSACTION MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - SOLUTION
7.1. OVERVIEW
7.2. SOLUTION MARKET FORECASTS AND ANALYSIS
7.3. E-SIGNATURE
7.3.1. Overview
7.3.2. E-signature Market Forecast and Analysis
7.4. AUTHENTICATION
7.4.1. Overview
7.4.2. Authentication Market Forecast and Analysis
7.5. DOCUMENT ARCHIVAL
7.5.1. Overview
7.5.2. Document Archival Market Forecast and Analysis
7.6. WORKFLOW AUTOMATION
7.6.1. Overview
7.6.2. Workflow Automation Market Forecast and Analysis
7.7. SECURITY AND COMPLIANCE
7.7.1. Overview
7.7.2. Security and Compliance Market Forecast and Analysis
7.8. OTHERS
7.8.1. Overview
7.8.2. Others Market Forecast and Analysis
8. DIGITAL TRANSACTION MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - ENTERPRISE SIZE
8.1. OVERVIEW
8.2. ENTERPRISE SIZE MARKET FORECASTS AND ANALYSIS
8.3. SMES
8.3.1. Overview
8.3.2. SMEs Market Forecast and Analysis
8.4. LARGE ENTERPRISES
8.4.1. Overview
8.4.2. Large Enterprises Market Forecast and Analysis
9. DIGITAL TRANSACTION MANAGEMENT MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. BFSI
9.3.1. Overview
9.3.2. BFSI Market Forecast and Analysis
9.4. CONSTRUCTION AND REAL ESTATE
9.4.1. Overview
9.4.2. Construction and Real Estate Market Forecast and Analysis
9.5. EDUCATION
9.5.1. Overview
9.5.2. Education Market Forecast and Analysis
9.6. GOVERNMENT
9.6.1. Overview
9.6.2. Government Market Forecast and Analysis
9.7. FOOD AND BEVERAGES
9.7.1. Overview
9.7.2. Food and Beverages Market Forecast and Analysis
9.8. HEALTHCARE
9.8.1. Overview
9.8.2. Healthcare Market Forecast and Analysis
9.9. IT AND TELECOM
9.9.1. Overview
9.9.2. IT and Telecom Market Forecast and Analysis
9.10. OTHERS
9.10.1. Overview
9.10.2. Others Market Forecast and Analysis
10. DIGITAL TRANSACTION MANAGEMENT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Digital Transaction Management Market Overview
10.1.2 North America Digital Transaction Management Market Forecasts and Analysis
10.1.3 North America Digital Transaction Management Market Forecasts and Analysis - By Solution
10.1.4 North America Digital Transaction Management Market Forecasts and Analysis - By Enterprise Size
10.1.5 North America Digital Transaction Management Market Forecasts and Analysis - By End-User
10.1.6 North America Digital Transaction Management Market Forecasts and Analysis - By Countries
10.1.6.1 United States Digital Transaction Management Market
10.1.6.1.1 United States Digital Transaction Management Market by Solution
10.1.6.1.2 United States Digital Transaction Management Market by Enterprise Size
10.1.6.1.3 United States Digital Transaction Management Market by End-User
10.1.6.2 Canada Digital Transaction Management Market
10.1.6.2.1 Canada Digital Transaction Management Market by Solution
10.1.6.2.2 Canada Digital Transaction Management Market by Enterprise Size
10.1.6.2.3 Canada Digital Transaction Management Market by End-User
10.1.6.3 Mexico Digital Transaction Management Market
10.1.6.3.1 Mexico Digital Transaction Management Market by Solution
10.1.6.3.2 Mexico Digital Transaction Management Market by Enterprise Size
10.1.6.3.3 Mexico Digital Transaction Management Market by End-User
10.2. EUROPE
10.2.1 Europe Digital Transaction Management Market Overview
10.2.2 Europe Digital Transaction Management Market Forecasts and Analysis
10.2.3 Europe Digital Transaction Management Market Forecasts and Analysis - By Solution
10.2.4 Europe Digital Transaction Management Market Forecasts and Analysis - By Enterprise Size
10.2.5 Europe Digital Transaction Management Market Forecasts and Analysis - By End-User
10.2.6 Europe Digital Transaction Management Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Digital Transaction Management Market
10.2.6.1.1 Germany Digital Transaction Management Market by Solution
10.2.6.1.2 Germany Digital Transaction Management Market by Enterprise Size
10.2.6.1.3 Germany Digital Transaction Management Market by End-User
10.2.6.2 France Digital Transaction Management Market
10.2.6.2.1 France Digital Transaction Management Market by Solution
10.2.6.2.2 France Digital Transaction Management Market by Enterprise Size
10.2.6.2.3 France Digital Transaction Management Market by End-User
10.2.6.3 Italy Digital Transaction Management Market
10.2.6.3.1 Italy Digital Transaction Management Market by Solution
10.2.6.3.2 Italy Digital Transaction Management Market by Enterprise Size
10.2.6.3.3 Italy Digital Transaction Management Market by End-User
10.2.6.4 United Kingdom Digital Transaction Management Market
10.2.6.4.1 United Kingdom Digital Transaction Management Market by Solution
10.2.6.4.2 United Kingdom Digital Transaction Management Market by Enterprise Size
10.2.6.4.3 United Kingdom Digital Transaction Management Market by End-User
10.2.6.5 Russia Digital Transaction Management Market
10.2.6.5.1 Russia Digital Transaction Management Market by Solution
10.2.6.5.2 Russia Digital Transaction Management Market by Enterprise Size
10.2.6.5.3 Russia Digital Transaction Management Market by End-User
10.2.6.6 Rest of Europe Digital Transaction Management Market
10.2.6.6.1 Rest of Europe Digital Transaction Management Market by Solution
10.2.6.6.2 Rest of Europe Digital Transaction Management Market by Enterprise Size
10.2.6.6.3 Rest of Europe Digital Transaction Management Market by End-User
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Digital Transaction Management Market Overview
10.3.2 Asia-Pacific Digital Transaction Management Market Forecasts and Analysis
10.3.3 Asia-Pacific Digital Transaction Management Market Forecasts and Analysis - By Solution
10.3.4 Asia-Pacific Digital Transaction Management Market Forecasts and Analysis - By Enterprise Size
10.3.5 Asia-Pacific Digital Transaction Management Market Forecasts and Analysis - By End-User
10.3.6 Asia-Pacific Digital Transaction Management Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Digital Transaction Management Market
10.3.6.1.1 Australia Digital Transaction Management Market by Solution
10.3.6.1.2 Australia Digital Transaction Management Market by Enterprise Size
10.3.6.1.3 Australia Digital Transaction Management Market by End-User
10.3.6.2 China Digital Transaction Management Market
10.3.6.2.1 China Digital Transaction Management Market by Solution
10.3.6.2.2 China Digital Transaction Management Market by Enterprise Size
10.3.6.2.3 China Digital Transaction Management Market by End-User
10.3.6.3 India Digital Transaction Management Market
10.3.6.3.1 India Digital Transaction Management Market by Solution
10.3.6.3.2 India Digital Transaction Management Market by Enterprise Size
10.3.6.3.3 India Digital Transaction Management Market by End-User
10.3.6.4 Japan Digital Transaction Management Market
10.3.6.4.1 Japan Digital Transaction Management Market by Solution
10.3.6.4.2 Japan Digital Transaction Management Market by Enterprise Size
10.3.6.4.3 Japan Digital Transaction Management Market by End-User
10.3.6.5 South Korea Digital Transaction Management Market
10.3.6.5.1 South Korea Digital Transaction Management Market by Solution
10.3.6.5.2 South Korea Digital Transaction Management Market by Enterprise Size
10.3.6.5.3 South Korea Digital Transaction Management Market by End-User
10.3.6.6 Rest of Asia-Pacific Digital Transaction Management Market
10.3.6.6.1 Rest of Asia-Pacific Digital Transaction Management Market by Solution
10.3.6.6.2 Rest of Asia-Pacific Digital Transaction Management Market by Enterprise Size
10.3.6.6.3 Rest of Asia-Pacific Digital Transaction Management Market by End-User
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Digital Transaction Management Market Overview
10.4.2 Middle East and Africa Digital Transaction Management Market Forecasts and Analysis
10.4.3 Middle East and Africa Digital Transaction Management Market Forecasts and Analysis - By Solution
10.4.4 Middle East and Africa Digital Transaction Management Market Forecasts and Analysis - By Enterprise Size
10.4.5 Middle East and Africa Digital Transaction Management Market Forecasts and Analysis - By End-User
10.4.6 Middle East and Africa Digital Transaction Management Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Digital Transaction Management Market
10.4.6.1.1 South Africa Digital Transaction Management Market by Solution
10.4.6.1.2 South Africa Digital Transaction Management Market by Enterprise Size
10.4.6.1.3 South Africa Digital Transaction Management Market by End-User
10.4.6.2 Saudi Arabia Digital Transaction Management Market
10.4.6.2.1 Saudi Arabia Digital Transaction Management Market by Solution
10.4.6.2.2 Saudi Arabia Digital Transaction Management Market by Enterprise Size
10.4.6.2.3 Saudi Arabia Digital Transaction Management Market by End-User
10.4.6.3 U.A.E Digital Transaction Management Market
10.4.6.3.1 U.A.E Digital Transaction Management Market by Solution
10.4.6.3.2 U.A.E Digital Transaction Management Market by Enterprise Size
10.4.6.3.3 U.A.E Digital Transaction Management Market by End-User
10.4.6.4 Rest of Middle East and Africa Digital Transaction Management Market
10.4.6.4.1 Rest of Middle East and Africa Digital Transaction Management Market by Solution
10.4.6.4.2 Rest of Middle East and Africa Digital Transaction Management Market by Enterprise Size
10.4.6.4.3 Rest of Middle East and Africa Digital Transaction Management Market by End-User
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Digital Transaction Management Market Overview
10.5.2 South and Central America Digital Transaction Management Market Forecasts and Analysis
10.5.3 South and Central America Digital Transaction Management Market Forecasts and Analysis - By Solution
10.5.4 South and Central America Digital Transaction Management Market Forecasts and Analysis - By Enterprise Size
10.5.5 South and Central America Digital Transaction Management Market Forecasts and Analysis - By End-User
10.5.6 South and Central America Digital Transaction Management Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Digital Transaction Management Market
10.5.6.1.1 Brazil Digital Transaction Management Market by Solution
10.5.6.1.2 Brazil Digital Transaction Management Market by Enterprise Size
10.5.6.1.3 Brazil Digital Transaction Management Market by End-User
10.5.6.2 Argentina Digital Transaction Management Market
10.5.6.2.1 Argentina Digital Transaction Management Market by Solution
10.5.6.2.2 Argentina Digital Transaction Management Market by Enterprise Size
10.5.6.2.3 Argentina Digital Transaction Management Market by End-User
10.5.6.3 Rest of South and Central America Digital Transaction Management Market
10.5.6.3.1 Rest of South and Central America Digital Transaction Management Market by Solution
10.5.6.3.2 Rest of South and Central America Digital Transaction Management Market by Enterprise Size
10.5.6.3.3 Rest of South and Central America Digital Transaction Management Market by End-User
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. DIGITAL TRANSACTION MANAGEMENT MARKET, KEY COMPANY PROFILES
12.1. ADOBE SYSTEMS INCORPORATED
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. ASSURESIGN LLC
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. DOCUSIGN INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. EORIGINAL, INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HELLOSIGN
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. KOFAX, INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. NAMIRIAL SPA
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NINTEX GLOBAL LTD.
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. THINKSMART LLC
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. ZORROSIGN, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1.Adobe Systems Incorporated
2.AssureSign LLC
3.DocuSign Inc.
4.eOriginal, Inc.
5.HELLOSIGN
6.Kofax, Inc.
7.Namirial SPA
8.Nintex Global Ltd.
9.ThinkSmart LLC
10.ZorroSign, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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