Global Digital Transaction Management Market Forecast at
Dublin, May 20, 2021 (GLOBE NEWSWIRE) – The “Component, End User, Solution and Geography Based Digital Transaction Management Market – Global Forecast to 2026” the report was added to ResearchAndMarkets.com from offer.
The digital transaction management market is expected to grow at a rate of 20.8% CAGR by 2026.
The digital transaction management system greatly increases the efficiency and pace of work processes and more easily differentiates them. The improvement in internet penetration and the growing popularity of digital payment methods, especially in high growth and densely populated countries, are the main drivers of market development.
At the same time, the rapid adoption of cloud-based services and the introduction of more stringent IT security frameworks also positively reflect the prospects for digital transaction management. The banking industry is predisposed to cloud services that can create opportunities for market players in the years to come.
Advances in technology are paving the way for safer and more stable DTM solutions. Each transaction can be measured as proof of consent specified by the end user who started the transaction using digital signatures. Blockchain-based DTM solutions leverage a decentralized transaction management network to thwart malicious attacks.
As with the components segment, digital transaction management has been segmented into hardware, services and software. The hardware segment conquered the market in 2018 and is expected to maintain its dominance over the estimated period. The growing demand for point-of-sale machines for digital transaction management from incumbents in the hospitality, retail and healthcare industries is driving the development of the hardware segment. Electronic signature blocks and contactless cards for digital transaction management are also expected to contribute to the growth of the hardware segment.
Based on the solution of Digital Transaction Management market, it has been segmented into Workflow Automation, Authentication, Electronic Signatures, Document Archiving, etc. The plethora of digital transaction management services offered by various DTM solution providers fits the segment that dominates the market. The authentication segment also accounted for a substantial market share due to the huge demand for digital transaction authentication solutions, especially from government agencies and incumbents in the BFSI industry.
In the regional market, digital transaction management has been segmented into North America, Asia-Pacific, Europe and the rest of the world. The presence of several key market players and developing companies providing DTM solutions in North America is driving the market growth.
In addition, the region is also known to adopt the latest digital solutions for transaction management. Such characteristics allow the North American regional market to represent a substantial share of the world market.
Adobe, DocuSign Inc, OneSpan, Kofax Inc and Entrust Datacard Corporation and other market players such as Nintex Global Ltd, Ascertia, DocuFirst, eOriginal, Inc. are key players covered in the report.
Main topics covered:
2. Industry outlook
2.1. Industry overview
2.2. Industry trends
3. Market overview
3.1. Market definition
3.2. Market outlook
3.2.1. Carry five forces
3.3. Related markets
4. Market characteristics
4.1. Market Snapshot
4.2. Market segmentation
4.3. Market dynamics
4.4. DRO – Impact assessment
5. Component: market size and analysis
6. End user: market size and analysis
6.3. IT & Telecom
6.4. Health care
7. Solution: market size and analysis
7.2. Document archiving
7.3. Work flow automation
7.4. Electronic signature
8. Geography: market size and analysis
8.2. North America
8.4. Asia Pacific
8.5. Rest of the world
9. Competitive landscape
9.1. Comparative analysis of competitors
9.2. Market Developments
9.2.1. Mergers and acquisitions, legal, rewards, partnerships
9.2.2. Product launch and execution
10. Supplier profiles
10.2. Financial overview
10.3. Product offers
10.5. Business strategy
- DocuSign Inc
- Kofax Inc
- Entrust to Datacard Corporation
- Nintex Global Ltd
- eOriginal, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/l55dsn