According to the latest report by IMARC Group, titled, “Signature Verification Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global signature verification market grew at a CAGR of around 20% during 2014- 2019.Signature verification software performs auto-validation of signatures from the signatory with claimed individuals.
Signature verification software reduces operational costs, saves time, and validate the legal identity of the person.
As a result, it finds extensive applications across diverse industries, such as education, government, healthcare, and BFSI, to reduce human errors and ensure process compliance.Market TrendsThe increasing incidences of data theft and identity duplication, security breaches, and transaction fraud, are primarily driving the need for signature verification to protect critical and confidential data.
Moreover, the increasing utilization of electronic signatures in the retail industry is also augmenting the market growth.
The emergence of dynamic signature verification (DSV) that compares signature parameters, such as velocity, acceleration, pressure, and geometrical shape, is further catalyzing the global market.
the trend for electronic signing, thereby propelling the demand for signature verification software.For more information about this report visit: https://www.imarcgroup.com/signature-verification-marketNote: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries.