Demand For Digital Transaction Management Market To Rise Significantly From Key (Use Industry Sectore) : Fact.MR

ICT companies are widely adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue to work from home. The emphasis on rapid automation, the use of real-time operation in various end-use sectors such as automotive, food and beverage and others will drive growth.

The report offers actionable and valuable insights into the Digital Transaction Management market. The latest report from Fact.MR provides details about the current market scenario across different regions along with the historical data and forecast of the market. The report also includes information on sales and demand for the Digital Transaction Management market across various industries and regions.

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The global digital transaction management market revenue was estimated at USD 8.01 billion in 2021 and is projected to grow at a CAGR of 25% from 2022 to 2032. The market is estimated to reach USD 93.25 billion by the end of 2032.

Market research by Fact.MR gives exclusive insights on market growth. The study identifies crucial trends driving the growth of the Digital Transaction Management market. This newly released report sheds light on vital dynamics, such as drivers, restraints, and opportunities for major market players as well as emerging players associated with production and supply. Fact.MR Latest Report Provides Detailed Analysis of the Digital Transaction Management Market

This newly released and insightful report sheds light on the Digital Transaction Management Market insights, key dynamics, their impact on the overall value chain from vendors to end users and the Digital Transaction Management Market growth.

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Key Segments Covered in the Digital Transaction Management Industry Survey
  • By Component
    • Digital Transaction Management Software
    • Digital Transaction Management Hardware
    • Digital Transaction Management Services
  • By Solution
    • Digital Transaction Document Archival
    • Digital Transaction Workflow Automation
    • Digital Transaction Authentication
    • Digital Transaction Management Solutions for Electronic Signatures
  • By End User
    • Digital Transaction Management for SMEs
    • Digital Transaction Management for Large Enterprises
  • By Vertical
    • Digital Transaction Management for BFSI
    • Digital Transaction Management for IT & Telecom
    • Digital Transaction Management for Real Estate
    • Digital Transaction Management for Retail
    • Digital Transaction Management for Healthcare
    • Digital Transaction Management for Government

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Key insights from the market research
By the end of 2022, the market is expected to reach a global market size of US$10.01 billion.
Globally, North America accounted for over 33.5% of revenue in 2022.
Hardware-based digital transaction management systems will dominate the market in 2022, with a revenue share of over of 40.5%
More than 38.4% of market revenue was generated by the electronic signature segment in 2021
More than 55.5% of market revenue in 2022 will be represented by large enterprises.
The increase in the size of companies in a context of increasing interconnection has prompted all companies to integrate very robust transaction management solutions, paving the way for digital transaction management platforms, concludes an analyst from Fact.MR.

Competitive Landscape
Digital transaction management solutions provided by market players have been enriched with innovative features such as automated reminders, seamless document generation, automated tracking and customizable workflows. Additionally, vendors develop solutions that comply with various standards regarding global security conditions as well as auditing agreements.

In September 2021, OneSpan announced that BankID, a personal electronic identification used by all Norwegian banks, will use OneSpan’s anti-fraud and cloud authentication solutions.

Nintex introduced its Nintex Workflow Builder as part of its Nintex Promapp service in 2019 to automate the process of creating workflows.
Dropbox acquired HelloSign in March 2019 for US$230 million. HelloSign’s flagship service, WelcomeWorks WCA, is one of the reasons for its success.

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