Digital Transaction Management Market to Register a Stout Growth -MRFR
Research Reports
Apr 13, 2022
Overview
the digital transaction management market value stood at over USD 1,400 Mn and the figure is likely to grow to USD 25.31 Billion by the end of 2030, reflecting a double-digit CAGR during the review period (2017-2030).
As per analysts, the rising number of active internet users along with the growing potential user base will drive the market growth throughout the forecast period. The digital transaction management market research report provides an in-depth analysis of the global digital transaction management market and its end-users, components, and solutions segments. The concerns regarding cyber attacks as well as weak IT infrastructure are the factors which could affect the digital transaction management market growth during the forecast period 2017-2030. The digital transaction management market research report by expert analysts is intended to help companies in the digital transaction management market.
Digital fraudulence on the other hand will challenge cloud computing service sector based organizations functioning in the global digital transaction management market. Analysts have split the market into components, solutions, end-users, and region segments based on products and services. Cloud computing service based companies have been profiled. The growing penetration of alternatives in the market is set to affect the global market during the forecast period 2017 to 2030. The report also provides the market’s performance forecasts till 2030. Strategies of cloud computing service based companies are studied. The cloud computing service sector itself is supported by the impending threat of cyber-attack as well as increasing awareness levels. During the forecast period 2017 to 2030, the digital transaction management market is set to witness a health growth across components, solutions, end-users, and region segments as well as regional markets.
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Market Segmentation
To gain a vivid understanding of the world market of digital transaction management, MRFR conducted segmental analysis of the market based on application, component, and type.
The component based, digital transaction management market segments are services, software, and hardware.
The type based, digital transaction management market segments are non-repudiation, e-signature, authentication, and workflow automation among others.
The application based, digital transaction management segments are retail, travel & transportation, government, IT & telecommunication, healthcare, media & entertainment, BFSI, and others.
Regional Overview
Cloud computing service market based companies in the digital transaction management market are functioning across North America, Europe, Asia Pacific, the Middle East, and Africa including the rest of the world. The increasing demand from various industry verticals will be a key growth driver for regional markets. However, the lack of investments in research and development will turn out to be a threat. For the forecast period 2017 to 2023. Each of these regional markets are studied in the report. Starting from North America, the regional market and cloud computing service vertical based companies are spread across the United States, Mexico, and Canada.
The lack of investments in R&D will turn out to be a major challenge from 2017 to 2023. Parts of the European market covered in the report are regional markets spread across the United Kingdom, France, Italy, and Germany. The market in the region will be benefitted by favorable policies across regional markets as well as the increasing spending power of consumers, suggests the report. Similarly, the cloud computing service sector’s segmental analysis for the Asia Pacific region covers India, Japan, China, and others. For the rest of the world, the research report for the digital transaction management market covers the Middle East and Africa. The global digital transaction management market forecasts based on the findings are presented for the forecast period till 2030.
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Competitive Landscape
The global digital transaction management market research report brings a comprehensive study of components, solutions, end-users, and region market segments, regional analysis, and cloud computing service vertical based company details of key players. As the forecast period 2017 to 2023 will bring new opportunities for the market owing to a rise in disposable income and the rising industrialization, the market is set to grow at a high compound annual growth rate and is predicted to reach a value of US$5,552.91 million by 2023. With SWOT analysis of cloud computing service sector based companies and Porter’s Five Force model analysis based findings, and understanding challenges such as the unavailability of professional services and growing concerns regarding high cost, companies in the cloud computing service sector can change the way business is done.
Industry News
Signaturit and Ivnosys, two of Southern Europe’s top suppliers of trust services and stable automated transaction management applications, announced today that they have signed definitive merger documents. The transaction aims to provide a full-service digital transaction management Software-as-a-Service (SaaS) company, offering a broad suite of advanced tools to containing accurate online signature within the organization and a broad range of advanced, unique electronic identities, digital reminders, and digital signature technologies by integrating Signaturit’s core cloud-based e-signature platform with Ivnosys’ wide range of innovative, highly secured identities, digital alerts, and digital signature technologies.
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