A latest market study, titled “Global Digital Transaction Management (DTM) Market Report 2018 – Market Size, Share, Price, Trend and Forecast to 2026”, has been featured on Kenneth Research. Which includes detailed analysis of industry growth, top key players and their details like profile, revenue, new launching, technology up gradation, revenue etc.
The global Digital Transaction Management (DTM) Market is projected to reach USD 10,528.2 million by 2026. 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.
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The Digital Transaction Management (DTM) Market report answers the following questions:
What is the aim of the report?
- The Digital Transaction Management (DTM) Market report presents the estimated Digital Transaction Management (DTM) Market size of Digital Transaction Management (DTM) Market by the end of forecast period. Additionally, the historical and current Digital Transaction Management (DTM) Market size is also examined in the report.
- Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
- An overview of the Digital Transaction Management (DTM) Market based on geographical scope, Digital Transaction Management (DTM) Market segmentation and financial performance of key players is presented in the report.
- The report presents current trends in the industry and future scope of the Digital Transaction Management (DTM) Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
- The various parameters accelerating the growth of the Digital Transaction Management (DTM) Market are incorporated in the research report.
- The report analyzes growth rate, Digital Transaction Management (DTM) Market size and valuation of the Digital Transaction Management (DTM) Market during the forecast period.
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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.
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.
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Some of the leading companies operating in the Digital Transaction Management (DTM) market include 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. These companies offer innovative solutions to meet the increasing needs and requirements of consumers from multiple industry verticals
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