U.S. Digital Signature Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2025 - 2032)
Get a Comprehensive Overview of the U.S. Digital Signature Market Report Prepared by P&S Intelligence, Segmented by Deployment Type (On-Premises, Cloud), Component (Solution, Services), Organization Size (Large Enterprises, SMEs), Application (BFSI, Government and Defense, Healthcare and Life Sciences, Legal, Real Estate, Education, IT and ITeS), and Geographic Regions. This Report Provides Insights From 2019 to 2032
Explore the market potential with our data-driven report
U.S. Digital Signature Market Future Prospects
The U.S. digital signature market size is USD 2.1 billion in 2024, and it is expected to advance at a compound annual growth rate of 32.9% during 2025–2032, to reach USD 20.3 billion by 2032.
The industry growth in the country is also buoyed primarily by the rising adoption of digital signatures across the BFSI and healthcare industries. In turn, the U.S. Government Paperwork Elimination Act (GPEA) is a key factor driving the adoption of this technology. The act encourages central agencies to use electronic filing, signatures, and forms for conducting business with the public.
In addition, the Securities and Exchange Commission (SEC), Internal Revenue Service (IRS), and Federal Reserve Bank have all issued guidelines that enable the usage of electronic signatures on more forms, documents, and transactions than ever before.
Some other major legislations implemented for digital signature technologies are the UETA, HIPAA, and ESIGN, which laws permit the use of digital signatures in each state of the country.
U.S. Digital Signature Market Trends & Growth Drivers
Usage to Prevent Signature Forgery Is Major Trend
The U.S. digital signature market is driven by the increasing number of signature forgeries in the country.
As per the Associated Press, 450,000 people in the country are charged with forgery each year, making it the most common of all kinds of fraud.
Digital signatures are useful in removing theft and fraud risks in many sectors. Now, governments, corporate offices, and enterprises are taking initiatives to adopt paperless workflows and embracing the Green Movement.
Many offices have started the usage of electronic documentation, which saves a huge amount of paper and, in turn, helps reduce deforestation.
Further, during the COVID-19 period, a large number of people and organizations adopted paperless documentation to prevent the spread of the virus, by being able to conduct contactless transactions.
Thus, COVID-19 has had a positive impact on the digital-signature market.
In the healthcare industry, doctors, lab investigators, and researchers are transferring digitally signed prescriptions and related data from the hospital’s server to the pharmacy.
This way, druggists get a copy of patients’ prescriptions and bills online, due to which any fraud or manipulation in the prescription can be checked and prevented. This ultimately helps in the provision of better healthcare and appropriate medicine.
Moreover, according to a report by the Federal Reserve System of the U.S., due to the lack of the extensive adoption of a more-secure method of performing credit and debit card transactions and the continuous use of traditional card technologies, including magnetic strips, the country has become more vulnerable to card counterfeiters and fraudsters.
Signature verification plays a vital role in maintaining the security of credit cards and authenticating payments. Thus, the U.S. government is realizing the importance of digital certificates provided through digital signing methods.
U.S. Government Paperwork Elimination Act Drives Market
The implementation of the GPEA is a key factor driving the adoption of these solutions in the country.
This law states that when feasible, individuals and entities should deal with federal agencies with an option to transact with them and maintain their records electronically or digitally.
Also, as per the act, records and signatures that are electronically recorded should not be denied validity, enforceability, or legal effect on account of their electronic form.
With the increasing public awareness of electronic communication and the surging internet usage among U.S. citizens, the demand for net-based interactions with national agencies has increased.
Further, the government has started realizing that with internet-based interactions, the national agency and its partner will spend less time completing transactions. The enhanced data analysis opportunities, higher record-keeping efficiency, augmented quality of the final product, increased employee productivity, information benefits to citizens, and extensive security for sensitive information are a few added benefits of e-signatures and digital signatures.
Varying Regulations across States Hampers Market Growth
Separation between the laws of state and federal governments regarding digital signature is creating a roadblock to the growth of the U.S. digital signature market.
The U.S. is currently having two separate kinds of laws for regulating digital signature in the country: federal type, which includes electronic signatures in the global and national commerce act (ESIGN Act) and state type laws that include uniform electronic transactions act (UETA).
The U.S. acknowledges the validity of digital signature platforms through contracts which the general services administration (GSA) grants.
A problem that arises due to the non-unification of center and state laws in the U.S. is that these laws do not make a clear distinction between a digital signature, an electronic signature, an advanced electronic signature or a digitalized signature (also called scanned signature).
U.S. Digital Signature Market Analysis
Component Analysis
The solution category has the largest share in 2024, of around 70%, and it will also advance at the highest CAGR during the forecast period. Solutions enable the authentication of digital records and the identity of the signer. Many industries, such as healthcare & life sciences, BFSI, government & defense, legal, real estate, and education, are quickly adopting these solutions. Along with this, businesses across the U.S. are doing away with paperwork and signing important documents online. This trend is growing with globalization, the rapid digitization, rising incidence of fraud, and the penetration of smartphones across various industries. This is propelling the demand for associated software from companies of all sizes, as is the rising number of data breaches.
Solutions are categorized into software and hardware. Software in this market refers to the computer programs that enable the transformation of document-based signature systems into digitized forms.
In addition, the upgradation of document security, transparency, and tracking mechanisms contributes to the growth in the software demand in the U.S. For instance, OneSpan offers OneSpan Sign, which enables users to manage all aspects of the signing procedure.
Hardware in this market refers to the physical components that act as the interface between a signee and the software. The market for hardware includes digital signature pads, security modules, and security tokens/smartcards.
The market also includes the revenue generated from managed and professional services. The professional services market is expected to grow faster over the next few years. Digital signature consulting, advisory, and knowledge service demand is escalating among businesses looking to get better assistance with this new signing technology in a short time.
We studied these components:
Solution (Larger and Faster-Growing Category)
Software
Hardware
Services
Managed
Professional
Application Analysis
One of the largest application areas for these solutions in the U.S. is the government sector. Since the implementation of various related laws by the U.S. government, including the UETA and GPEA, the authentication process has gradually seen the transition from manual to digital methods. In addition, government bodies prefer digital signatures as a means to reduce forgery and gain public confidence in private documentation. This is why this technology is used in public offices to maintain the integrity, authenticity, and non-refutability of documents. It also ensures that the right person has signed the document.
The BFSI sector is largest and fastest-growing category in the market, with a revenue share of around 20% in 2024. This is due to the increasing acceptance of digital signature hardware and associated software tools, such as biometric systems and smart cards, in this sector. Moreover, customers and enterprises are performing online transactions faster with the help of digital signatures. As per the Federal Reserve Board, 153.3 billion general-purpose card payments, totaling USD 9.76 trillion in value, were made across the U.S. in 2022. This was a rise of 6% and 10.5% in terms of volume and value, respectively, from 2021.
The report scope consists of these applications:
BFSI (Largest and Fastest-Growing Category)
Government and Defense
Healthcare and Life Sciences
Legal
Real Estate
Education
IT and ITeS
Others
Deployment Type Analysis
The cloud-based category holds the larger share, of around 70%, and it is expected to grow at the higher CAGR in the next few years. The fast growth is led by the rollout of subscription-based and easy-to-manage software offerings by the IT vendors operating in this industry.
In addition, the emergence of pay-as-you-go models has escalated the demand for cloud-based solutions among the enterprises in the country. For instance, Adobe recently unveiled its cloud-based digital signature service, Adobe Sign, which is built on the open standard technology. Adobe Document Cloud and Adobe Sign will now enable digital signatures to be used from any browser and any mobile device.
The following deployment types have been analyzed:
On-Premises
Cloud (Larger and Faster-Growing Category)
Organization Size Analysis
Large enterprises dominate the market as they have tons of confidential data to protect. Large enterprises throughout the world have developed prescriptive guidelines for business processes that require digital signatures. In addition to theft or being misplaced, paper can be damaged in a flood, fire or other unforeseen accident. While, digital signatures can be accessed from anywhere at any time and can be stored digitally. This has led to widespread usage of digital signature by large enterprises.
SMEs will witness the higher CAGR over the forecast period. This is attributed to increasing adoption of digital signatures by individuals as well as small organizations throughout the region. A key driver in this regard is the increasing use of digital signatures by the growing retail e-commerce industry in the region. The number of SMEs have seen a tremendous growth in the past decade in North America region. The number of small business non-employers rose from 21.7 million in 2007 to 25.7 million by the end of 2017 and, further, to 33.1 million in 2023.
The segment is bifurcated as below:
Large Enterprises (Larger Category)
Small & Medium Enterprises (SMEs) (Faster-Growing Category)
Drive strategic growth with comprehensive market analysis
U.S. Digital Signature Market Share
The market was significantly consolidated in the beginning, but now it has become quite fragmented. This is because as technology advanced and its understanding increased, a large number of software, hardware, and service providers entered the market. Moreover, all companies do not offer all these three solutions, which is another key reason for market fragmentation. While some companies lead in hardware, others are centered around software. Additionally, the emergence of cloud and SaaS approach now makes it easier for smaller players to reach customers. Moreover, the software may need to be modified for different kinds of documents or transactions, which means that different companies can thrive. The market for services is even more fragmented, as providing professional and managed services is even less technically challenging than creating software and manufacturing hardware.
Key Vendors of Digital Signature Solutions in U.S.:
Adobe Inc.
Secured Signing Limited
Thales S.A.
SIGNiX Inc.
Entrust Datacard Corporation
Tinexta SpA
DocuSign Inc.
eSignLive
OneSpan
GMO Internet Group Inc.
Citrix Systems Inc.
ASSA ABLOY
U.S. Digital Signature Market News
In December 2024, Secured Signing Limited unveiled more than 10 updates to its digital signature platform for recruitment, workflow automation, and multi-signer functionality.
In October 2024, Adobe Inc. launched the Adobe Content Authenticity web application, which allows creators to apply Content Credentials to their work. This will prevent unauthorized usage of the content and ensure creators are attributed for their work.
In September 2024, Thales SA received a 10-year contract from Alaska Division of Motor Vehicles to provide the latter with more of its highly secure driver’s licenses. Apart from a document security design, the licenses feature a tamper-proof polycarbonate body, Window Lock technology, and Cogent Multi Biometric System of Thales.
In April 2024, Entrust Datacard Corporation acquired Onfido, a provider of identity verification solutions.
Leading companies across industries trust us to deliver data-driven insights and innovative solutions for their most critical decisions. From data-driven strategies to actionable insights, we empower the decision-makers who shape industries and define the future. From Fortune 500 companies to innovative startups, we are proud to partner with organisations that drive progress in their industries.
Client Testimonials
Working with P&S Intelligence and their team was an absolute pleasure – their awareness of timelines and commitment to value greatly contributed to our project's success. Eagerly anticipating future collaborations.
McKinsey & Company
India
Unmatched Standards
Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights
Complete Data Security
We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws