eSignatures: A Rapidly Growing Market
Updated: May 19, 2022
The global e-signature market was valued at $1,198.6 million in 2020, and it is expected to advance at a CAGR of 26.6% during the forecast period (2021–2030).
Electronic signatures have been helping enterprises improve and speed up their operations for almost three decades now. Today, e-signature software a wide array of benefits, more than just the convenience of electronic signing itself. Gone are the days of completing paperwork only in hard copy, more so when the deadlines are too tight.
By automating document workflows across departments such as legal, sales and HR, signatures can provide substantial efficiencies in helping businesses of any size eliminate paperwork bottlenecks. Along with document management software solutions, e-signature software is digitizing documents, which is far more efficient compared to the conventional pen-and-paper method.
Spain is a pioneer in the field of electronic signatures, especially when it comes to using digital certificates for corporate communications and for dealings with public administrations. It has been predicated that 85% of businesses will be managed by such solutions by 2025, along with 95% of banking processes.
This wave of digitalisation will also spread to sectors such as healthcare and the justice system, where 90% of produces involving individuals, businesses and administrations will include electronic signatures.
DocuSign changes the way business is being done by speeding up the workflow or approval with its fully secured digital signature technology. Businesses now enjoy faster ROI as there is no need to spend time waiting for a paper contract. Productivity is increased and targets are achieved faster as approvals of workflow and other processes are accelerated without compromising the security of data, thanks to its adherence to comprehensive policies and security certifications.
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As a DocuSign partner, we can provide the complete e-signature solution together with our market leading DMS integration solutions. Blue Car Technologies’ product portfolio is based on enhancing the function of iManage Work, OpenText eDocs, NetDocuments and Worldox Document Management System. Integrating DocuSign APIs to allow seamless electronic signatures within a document management environment.
With DocuSign and Blue Car Technologies, we make sure you get the tools and assistance that you need, so you can focus on what matters most.