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Signature Verification Market size was valued at USD 1.55 billion in 2022 and is poised to grow from USD 1.93 billion in 2023 to USD 11.46 billion by 2031, growing at a CAGR of 24.9% in the forecast period (2024-2031).

Signature verification providers should invest in creating highly secure signature verification solutions that can withstand advanced cyberattacks. Signature verification companies can also utilize other advanced authentication technologies to improve security with signature verification solutions. The use of double-factor authentication would be a crucial feature to have in all signature verification solutions for the future. Collaborating and partnering with security experts will also help signature verification companies boost their innovation in the long run. 'Jumio Corporation', 'Mitek Systems Inc.', 'Scriptel Corporation', 'CERTIFY Inc.', 'IBM Corporation', 'Kofax (Acquired by Lexmark)', 'Ekata Inc.', 'Acuant Inc.', 'Ascertia Ltd.', 'Datavision Image', 'DynaSig', 'KeCrypt', 'Odyssey Technologies', 'Veriff', 'iSignSolutions Inc.', 'SutiSoft Inc.', 'Hitachi', 'SQN Banking Systems', 'WonderNet', 'Parascript LLC'

The need for better authentication is driven by the rapidly evolving threat landscape wherein criminals are using advanced technology to bypass authentication systems. Signature verification is a highly effective method of authentication, and this is why its demand is slated to bolster market growth.

Use of Cloud-based Signature Verification: rapid adoption of hybrid and cloud solutions around the world is projected to create the demand for signature verification solutions that are cloud-based. Flexibility, scalability, and ease of use are top features of cloud-based signature verification that are expected to create new opportunities for signature verification market players in the long run.

Rapid adoption of advanced digital technologies and solutions utilizing signature verification has helped North America account for a dominant stance in the marketplace. The growing use of digital signatures in different government applications and other industry verticals will help North America maintain its dominant stance in the landscape. Canada and the United States are slated to spearhead signature verification demand in this region over the coming years. Imposition strict regulatory compliance mandates for verification in different industries will also boost market growth in this region.

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Global Signature Verification Market

Product ID: SQMIG45E2235