The global digital transaction management market is growing significantly, at a CAGR of 16.3% during the forecast period (2019-2025). Digital transaction management is referred to a category of cloud services that are designed to manage document-based transactions in an entirely electronic manner. It essentially involves the streamlining the business processes by maintaining document processes completely digital. It assists in business automation; reductions of errors, overall lower operational cost, and secure and faster time to revenue in enterprises and financial institutions. There are various pivotal factors that are driving the global digital transaction management market, which includes the security concerns for personal information and favorable government initiatives for zooming the digitalization process in emerging economies, such as India.
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The digital revolution is disrupting the relationship between banks and their customers and the new features continuously appear for enhancing customer experience. A significant rise in the adoption of internet banking has been witnessed across the globe, coupled with the rising penetration of the internet and smartphones. In addition, increasing consumer demand for digital banking services has resulted in a number of technological advancements in the banking industry with AI and blockchain at the core of these digital transformations. However, the increasing concerns for fraudulent transactions and cyber-attacks will affect the growth of the market during the forecast period.
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Global Digital Transaction Management Market Segmentation
By Solution
Electronic Signatures
Document Digitization
Workflow Automation
Others (Authentication)
By Vertical
BFSI
Retail and Ecommerce
IT & Telecom
Government
Others (Healthcare)
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles
Adobe Inc.
Ascertia Ltd.
AssureSign LLC
Conga
DocuFirst
DocuSign, Inc.
eDoc Innovations
Entrust Datacard Corp.
eOriginal, Inc.
HelloSign (JN Projects, Inc.)
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