The Signature Verification Market size is estimated at USD 2.95 billion in 2024, and is expected to reach USD 8.06 billion by 2029, growing at a CAGR of 22.29% during the forecast period (2024-2029).
In order to authorise transactions and documents, signatures are especially applied by authorities like governments, businesses and financial organisations for verification purposes. They provide a method of authentication based on the dynamic features of an individual's handwriting signature and its characteristics to verify their identity.
The signature verification market is semi-consolidated, with top players have being occupying a significant share of the market. New players find it challenging to enter the market due to the dominance of existing players such as Biometric Signature ID (J C Lads Corporation), CERTIFY Global Inc., Ascertia Ltd., Kofax Inc., Entrust Datacard Corporation, Odyssey Technologies Limited, and Scriptel Corporation.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook