Global Signature Verification Market Size, Status and Forecast 2020-2026

Signature verification is an authentication method that uses the dynamic feature of a person's handwritten signature. Signatures are unique and are used for verification by financial organizations, businesses, and governments to authorize transactions and documents. Signature verification is considered as an important authentication technique among all the most popular biometric-based authentication methods in personal identification and verification. It uses characteristics of a person’s signature that includes pen lifts, speed, and direction of pen strokes to authenticate identity.
The dynamic signature verification technology is quickly replacing paper-based signatures as it enables the reduction of the transaction time and the expenses related to manual paper-based processes and also increases compliance and security. Additionally, this technology provides significant benefits such as automatic detection of any changes made to the document, immediate invalidation of the signatures in case of any unauthorized access to the document, and notifications to all the parties involved.

Market Analysis and Insights: Global Signature Verification Market
The global Signature Verification market size is projected to reach US$ 969.7 million by 2026, from US$ 798.8 million in 2020, at a CAGR of 19.8%% during 2021-2026.

Global Signature Verification Scope and Market Size
Signature Verification market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Signature Verification market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2015-2026.

The key players covered in this study

Biometric Signature ID
Certify Global
Cyber-SIGN (Witswell Consulting and Services)
ISign Solutions
01 Systems
Ascertia
Datavision Image
DynaSig
Entrust (Datacard)
Hitachi
KeCrypt
Kofax (Acquired by Lexmark)
Odyssey Technologies
Parascript
Scriptel
Secured Signing
Softpro
SutiSoft
SQN Banking Systems
WonderNet

Market segment by Type, the product can be split into

Static Signature Verification
Dynamic Signature Verification

Market segment by Application, split into

Education
Government
Banking, Financial Services, and Insurance (BFSI)
Other

Market segment by Regions/Countries, this report covers

North America
Europe
China
Japan
Southeast Asia
India