An increase in need to reduce identity duplication drives the growth of the global signature verification market. In addition, rise in the level of security breaches, transaction fraud, and data theft, and an increase in focus on providing the highest level of security to customers in many sectors propel the market growth.
However, high intra-class variability, high error rates, and fluctuations in the physical & emotional state of the user can lead to errors, which limit the growth of this market.
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Conversely, government regulations to incorporate signature verification into their credential authentication paradigms and an increase in the adoption of signature verification systems in the BFSI sector due to regulation of money & data is expected to provide numerous opportunities for this market to grow.
The signature verification market is segmented on the basis of end user, technology, product type, and region. End user segment covered in the study includes education, government, and BFSI.
Based on technology, the market is classified into static signature verification and dynamic signature verification. By product, it is divided into hardware and software. Regionally, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The global signature verification market is dominated by key players such as BIOMETRIC SIGNATURE ID., CERTIFY Global Inc., Cyber SIGN, Inc., iSign Solutions Inc., DataVision Software Solutions Pvt. Ltd., Ascertia, 01 Systems W.L.L., DynaSig Corporation, Entrust Datacard Corporation., and Hitachi, Ltd.
Key Benefits :
- The study provides an in-depth analysis of the global signature verification market and current & future trends to elucidate the imminent investment pockets.
- Information about key drivers, restrains, and opportunities are provided.
- Porters Five Forces analysis illustrates the potency of buyers and suppliers operating in the industry.
- A quantitative analysis of the global market from 2016 to 2023 is provided to determine the market potential.
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