Digital Transaction Management Market Overview
Digital dealing management is standard within the banking and finance business as a result of it reduces a lot of work and makes the banking paperwork process. Many inventions for the DTM area unit are in the pipeline that is probably going to drive the expansion of the worldwide digital dealing management market.
Governments of the U.K. and U.S. are giving serious funding to players developing digital dealing management solutions and services for them. Government’s area units incorporating these systems in their operations since these solutions supply high security and advanced algorithms that may safely store the records of transactions. The worldwide digital dealing management market is anticipated to expertise consistent growth throughout the forecast period as a result of the intensive adoption of digital dealing management in depth and services.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Solution, Industry Vertical, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | ZorroSign, ThinkSmart LLC, Adobe, DocuSign Inc., OneSpan; Kofax Inc., Entrust Datacard Corporation, Nintex Global Ltd., Ascertia, DocuFirst, eOriginal Inc. |
The covid-19 Impact on Digital Transaction Management Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty Million impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Digital Transaction Management Market Segment Overview
By Software, the software system segment is anticipated to grow at a highest CAGR over the forecast period. The expansion within the market is attributed to the increase in adoption of the DTM software system like contract lifecycle management (CLM) software system across the small & medium scale organizations and huge scale organizations.
By Solution, The electronic signatures segment dominated the market in 2023 that accounted for over half-hour market share of the worldwide market. The adoption of digital group action management helps to create good selections across innovation.
By Industry Vertical, The healthcare industry is creating intensive use of those systems because of the safety and convenience of digital transaction management software systems and services. The solutions permit medical professionals to manage a patient’s history digitally that saves respectable money and a decent quantity of your time, enhancing the productivity of the hospital. This additionally ensures the optimum sorting of documents since no humans are concerned about the method. The worldwide digital dealing management market is projected to witness substantial growth throughout the forecast period because of such in-depth applications of solutions within the healthcare industry.
Market Analysis, Insights and Forecast – By Component
· Software
· Hardware
· Services
Market Analysis, Insights and Forecast – By Solution
· E-Signature
· Authentication
· Document Archival
· Workflow Automation
· Others
Market Analysis, Insights and Forecast – By Industry Verticals
· Commercial
· BFSI
· Retail
· IT & Telecom
· Healthcare
· Government
· Others
Digital Transaction Management Market Regional Overview
Region-wise, in terms of regions, North America is anticipated to emerge as a leading region within the global digital dealing management market throughout the forecast amount. The dominance of the region is that the results of growing applications of digital dealing management solutions to share info in an organized manner in varied industries in countries like the U.S. and Canada. Moreover, the presence of varied distinguished players within the market additionally strengthens the position of North America within the world digital dealing management market
Digital Transaction Management Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Digital Transaction Management Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Digital Transaction Management are highlighted below.
· In 2021 - Nintex acquired Assure Sign, this acquisition results to meet customer demand for a native eSignature capability within the Nintex Process Platform.
Digital Transaction Management Market, Key Players -
· ZorroSign
· ThinkSmart LLC
· Adobe
· DocuSign Inc.
· OneSpan; Kofax Inc.
· Entrust Datacard Corporation.
· Nintex Global Ltd.
· Ascertia
· DocuFirst
· eOriginal Inc.
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Digital Transaction Management market during the forecast period?
Digital Transaction Management market is expected to record a CAGR of ~20% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Digital Transaction Management Market?
Hardware segment is projected to hold the largest share in the Digital Transaction Management Market.
Q3. What are the driving factors for the Digital Transaction Management market?
Adoption of digital dealing management in depth and services is key factors that boost the growth of the Digital Transaction Management market progressively.
Q4. Which Segments are covered in the Digital Transaction Management market report?
Component, Solution, Industry Vertical and Region, these segments are covered in the Digital Transaction Management market report.
Q5. Which are the prominent players offering Digital Transaction Management?
ZorroSign, ThinkSmart LLC, Adobe, DocuSign Inc., OneSpan; Kofax Inc., Entrust Datacard Corporation, Nintex Global Ltd., Ascertia, DocuFirst, eOriginal Inc. are some of the key players offering Digital Transaction Management.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Digital Transaction Management Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Software
- 5.2.2. Hardware
- 5.2.3. Services
- 5.3. Market Analysis, Insights and Forecast – By Solution
- 5.3.1. E-Signature
- 5.3.2. Authentication
- 5.3.3. Document Archival
- 5.3.4. Workflow Automation
- 5.3.5. Others
- 5.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 5.4.1. Commercial
- 5.4.2. BFSI
- 5.4.3. Retail
- 5.4.4. IT & Telecom
- 5.4.5. Healthcare
- 5.4.6. Government
- 5.4.7. Others
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Digital Transaction Management Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Software
- 6.2.2. Hardware
- 6.2.3. Services
- 6.3. Market Analysis, Insights and Forecast – By Solution
- 6.3.1. E-Signature
- 6.3.2. Authentication
- 6.3.3. Document Archival
- 6.3.4. Workflow Automation
- 6.3.5. Others
- 6.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 6.4.1. Commercial
- 6.4.2. BFSI
- 6.4.3. Retail
- 6.4.4. IT & Telecom
- 6.4.5. Healthcare
- 6.4.6. Government
- 6.4.7. Others
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Digital Transaction Management Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Software
- 7.2.2. Hardware
- 7.2.3. Services
- 7.3. Market Analysis, Insights and Forecast – By Solution
- 7.3.1. E-Signature
- 7.3.2. Authentication
- 7.3.3. Document Archival
- 7.3.4. Workflow Automation
- 7.3.5. Others
- 7.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 7.4.1. Commercial
- 7.4.2. BFSI
- 7.4.3. Retail
- 7.4.4. IT & Telecom
- 7.4.5. Healthcare
- 7.4.6. Government
- 7.4.7. Others
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Digital Transaction Management Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Software
- 8.2.2. Hardware
- 8.2.3. Services
- 8.3. Market Analysis, Insights and Forecast – By Solution
- 8.3.1. E-Signature
- 8.3.2. Authentication
- 8.3.3. Document Archival
- 8.3.4. Workflow Automation
- 8.3.5. Others
- 8.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 8.4.1. Commercial
- 8.4.2. BFSI
- 8.4.3. Retail
- 8.4.4. IT & Telecom
- 8.4.5. Healthcare
- 8.4.6. Government
- 8.4.7. Others
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Digital Transaction Management Market Analysis (USD Million), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Software
- 9.2.2. Hardware
- 9.2.3. Services
- 9.3. Market Analysis, Insights and Forecast – By Solution
- 9.3.1. E-Signature
- 9.3.2. Authentication
- 9.3.3. Document Archival
- 9.3.4. Workflow Automation
- 9.3.5. Others
- 9.4. Market Analysis, Insights and Forecast – By Industry Verticals
- 9.4.1. Commercial
- 9.4.2. BFSI
- 9.4.3. Retail
- 9.4.4. IT & Telecom
- 9.4.5. Healthcare
- 9.4.6. Government
- 9.4.7. Others
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. ZorroSign
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. ThinkSmart LLC
- 10.6. Adobe
- 10.7. DocuSign Inc.
- 10.8. OneSpan
- 10.9. Kofax Inc.
- 10.10. Entrust Datacard Corporation
- 10.11. Nintex Global Ltd.
- 10.12. Ascertia
- 10.13. DocuFirst
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
