The global Digital Transaction Management Market generated USD 1,095.4 million in 2017 and is anticipated to grow at a CAGR of 27.7% during the forecast period.
The need of organizations for digitally transforming their document-based transactions and business processes is driving the growth in digital transaction management market. Advancement in digital technology and the push towards its adoption present enormous opportunities and potential for stakeholders in this market. The growth in the digital transaction management market is progressively enhanced due to continual adoption of and increased usage of electronic devices and applications for business processes. This reflects approval and acceptance for digital mode of transactions from consumers which eventually is expected to influence digital transaction management providers to offer dynamic and secure platforms for commercial adoption.
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The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the global digital transaction management market, 2018-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, APAC, Latin America, and MEA. North America is further segmented into U.S., and Canada while European region covers Germany, UK, Italy, and France. Also, the Asia Pacific regional analysis includes China, Japan, and India.
The North American Digital Transaction Management Market generated the highest revenue in 2017 owing to trend of investments in cloud-based services. The leading position is further attributed to significant demand and preference of the banking and financial services industry towards digital transformation in this region. Moreover, presence of established players in this space and availability of cloud infrastructure in North America is another factor boosting the adoption of digital transaction management solutions.
Competitive Landscape and Key Vendors
The global digital transaction management market is characterized by the presence of well-diversified vendors. These companies are consistently offering innovative solutions in line with the advancement in technologies which eventually cater to growing needs of customers across various industry verticals.
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Some of the leading companies profiled in digital transaction management market report include DocuSign Inc., Fluix, Kofax Inc., Captricity, Box, Namirial Spa, Zorrosign Inc., Insight Enterprises Inc., AssureSign LLC, ThinkSmart LLC, eOriginal Inc., Euronovate S.A., Accusoft Corporation (OnTask), OneSpan, DocuFirst, HelloSign, Connective, and eDoc Innovations.
- Electronic Signatures
- Document Digitization
- Workflow Automation
- Security & Compliance
- Construction & Real Estate
- Food and Beverages
- IT & Telecom
- Large Enterprises
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