Top Leading companies Mentioned Digital Transaction Management (DTM) market DocuSign Inc., Fluix, Kofax Inc., Captricity, Box, Namirial Spa, ZorroSign Inc., Insight Enterprises Inc., AssureSign LLC, ThinkSmart LLC, eOriginal, Inc., Euronovate S.A., DocuFirst, OneSpan, HelloSign, Accusoft Corporation, Connective.
according to a new research published by Polaris Market Research. The global Digital Transaction Management (DTM) Market is projected to reach USD 10,528.2 million by 2026 and is anticipated to grow at a CAGR of 27.7% during the forecast period .The report “Digital Transaction Management (DTM) Market Share, Size, Trends, Industry Analysis Report By Solution (Electronic Signatures, Workflow Automation, Document Digitization, Security & Compliance); By Industry Vertical (BFSI, Construction & Real Estate, Education, Government, Healthcare, IT & Telecom); By End User (SMBs, Large Enterprises); By Regions, Segments & Forecast, 2018 – 2026” gives a detailed insight into current market dynamics and provides analysis on future market growth
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Digital transaction management is method of transforming traditional document-based processes to digital/electronic platform. In 2017 the electronic signatures solution segment dominated this market and in terms of regions North America is observed to be the leading contributor in the global market. This market is majorly strengthened by increasing importance and focus on cloud services and IT security. There is a strong preference in the banking and financial services industry for adoption of digital transaction management solutions due to changing customer requirement. Thus, steady flow in volume of transactions done via digital platforms such as e-wallets, internet banking, etc. presents transaction service providers with a genuine growth opportunity in the digital transaction management market. Furthermore, extensive adoption and acceptance of various electronic devices along with the convenience of usage and transacting through these devices is pushing enterprises in various industries towards digitally transforming their operations in line with the dynamic consumer requirements and preferences. All these factors are eventually expected to have a positive impact on the progress of digital transaction management market across the world.
The market segments for digital transaction management are based on solutions, industry vertical, end user, and region. The digital transaction management solutions segment includes market for electronic signatures, document digitization, workflow automation, and security & compliance sub segments. Electronic signatures segment is expected to dominate this market in terms of digital transaction management solutions. End user segmentation in the digital transaction management market report covers SMBs and large enterprises. Major industry verticals in this market include BFSI, construction & real estate, education, government, healthcare, and IT & Telecom.
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North America is observed to be the leading region in this market during 2017, and is expected to lead the global digital transaction management market throughout forecast period. Presence of established players and cloud infrastructure in this region, and growing trend of investments in cloud-based services drive the market growth in the region. Also, the growing demand from banking sector due to its strong preference for digital platforms, and further technological advancements support market growth in this region.
Market drivers and restraints
Value Chain Analysis
Key market opportunities prioritized
Latest strategic developments
Market size, estimates, and forecasts from 2017 – 2026
Market revenue estimates for solution up to 2026
Market revenue estimates for industry vertical up to 2026
Market revenue estimates for end user up to 2026
Regional market size and forecast up to 2026
Regional market size and forecast for solution up to 2026
Regional market size and forecast for industry vertical up to 2026
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