Digital Transaction Management Global Market – Overview
The Global Digital Transaction Management Market is driven by high adoption of cloud services by banking sector and developing digital technology among others. On the other hand, cyber threats and lack of technical expertise are some of the factors hindering the growth of Digital Transaction Management Market.
Cloud technology helps banking sector in automatically assemble, and integrating the resources to meet the growing businesses demands. It also eliminates physical infrastructure costs and has make banks deployment services more efficient. Integration of customer real time data, incorporating third party services, and building a safe virtual environment of money transactions are some of benefits of online banking services. Banks can also collect client’s real time data and their preferences which helps them to improve customer interactions, and can offer more improvised services to them. The improvement in cloud technology and services is expected to further enhance the banking operations and process and would help them to address the consumer risk management issue. The simple cloud architecture is also helping banks to become more agile and respond to changing need of consumer market. Therefore, adoption of cloud services by banking sector is driving the market of digital transaction management and is helping industries such as retail, e-commerce, IT, commercial and others to offers safe and fast monetary services to their customers
DTM Market Players:
Apple (U.S.), IBM Corporation (U.S.), Sony Corporation (Japan), Intel (U.S.), Microsoft Corporation (U.S.), Oracle (U.S.), HP (U.S.), eSignLive (Canada), DocuSign Inc. (U.S.), Insight Enterprise Inc.(U.S.), Assuresign (Atlanta), EuroNoVate (Switzerland), Namirial Spa (Italy), ZorroSign (U.S.), and ThinkSmart (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Digital Transaction Management Market.
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December 2017 – Foxconn, Intel, and APT (Asian Pacific Telecom) jointly introduced a multi-access Digital Transaction Management platform in Taiwan to provide smart platform for AR/VR, healthcare, and retail industries. This platform provides IT and cloud computing services within radio access network (RAN). RAN offers a platform to application developers and content providers with ultra-low latency and high bandwidth features. These features are capable of differentiating mobile broadband experience of consumer which ultimately lands in increasing profit for the subscribers.
September 2017 – NXP Semiconductors N.V. has adopted Google’s IoT Core service to enable smart devices for Digital Transaction Management. The unique technology portfolio of NXP is expected to boost the potential of Digital Transaction Management and highlighting the benefits of machine learning and AI.
July 2017 – A bare metal cloud company named “Packet” has introduced a Digital Transaction Management service called as “Unfussy” with 11 new data center locations worldwide including Los Angeles, Dallas, Atlanta, Frankfurt, Singapore and Hong Kong.
Digital Transaction Management Global Market- Competitive Analysis
DocuSign, Inc. is the leading market player in Digital Transaction Management Market and has occupied highest market share globally in 2016. The company has geographical reach in 188 countries with more than 200 million users. Around 300,000 new users join the DocuSign global trust network every day. For U.S. Federal government of the country, it offers high grade security to government agencies, and offers specialized storage and encryption of agencies’ data. Electronic signatures, payments, integration, and signature appliances are the popular digital transaction solutions offered by the company. EuroNoVate, ThinkSmart, Namirial, and Assuresign are some other emerging companies which are fuelling the growth of digital transaction market.
Digital Transaction Management Global Market – Segmentation
The Digital Transaction Management Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by Solution: E-signature, Authentication, Document Archival, and Workflow Automation.
Segmentation by Component: Comprises hardware, software and services.
Segmentation by End-User: Commercial, BFSI, Retail, IT & Telecommunication, Healthcare and Government.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.
Digital Transaction Management Global Market – Regional Analysis
North-America is dominating the Global Digital Transaction Management Market with the largest market share and therefore accounting for astronomical amounts and is expected to grow over its previous growth records by 2023. The European market for Digital Transaction Management Market is expected to grow at a considerable CAGR (2017-2023). Whereas, Asia-Pacific market is expected to grow at a substantial CAGR during 2017 to 2023 due to developing digital technology and mobile service & infrastructure market in the region. China among all the countries is dominating the market whereas India is subjected to witness high growth rate in coming years. The highest growth rate in India has also supported by government recent initiative of “Demonetisation”. This initiative has revolutionized the digital transaction in the country. However, Rest of the world is projected to grow with steady growth rate.
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