GITNUX MARKETDATA REPORT 2024
Signature Verification Industry Statistics
The signature verification industry is expected to see continued growth due to increased security concerns and the widespread adoption of biometric authentication technologies.
Statistic 1
"As of 2021, the global signature verification market size was valued at USD 1.12 billion."
Statistic 2
"The global signature verification market is projected to reach USD 3.91 billion by 2027, at a CAGR of 24.6%."
Statistic 3
"The static signature verification segment dominated the market in 2020 with a share of 60%."
Statistic 4
"The dynamic signature verification segment would showcase the fastest growth of 25.6% CAGR in the signature verification market."
Statistic 5
"The BFSI segment emerged dominant with a share of 34.5% in 2020 in the signature verification market."
Statistic 6
"North America held a leading signature verification market share of 38.3% in 2020."
Statistic 7
"The Asia Pacific signature verification market is projected to grow at a considerable CAGR of 26.4% over the forecast period."
Statistic 8
"The consulting services segment accounted for a substantial part of the market revenue in 2019."
Statistic 9
"Full-function devices are projected to maintain their leading position in hardware type, growing at a CAGR of 24.1% by 2025."
Statistic 10
"The retail & consumer goods market in the signature verification industry is anticipated to witness the fastest growth rate of 24.4% by 2025."
Statistic 11
"The education & research market held almost one-fifth of the total share in 2019."
Statistic 12
"Latin America is projected to present promising growth opportunities in the signature verification market, registering the highest CAGR of 30.2% from the period of 2019 to 2027."
Statistic 13
"The components segment accounted for USD 538.1 Million in the market revenue in 2020."
Statistic 14
"A significant proportion (36%) of U.S businesses in 2019 employed signature recognition and verification tools."
Statistic 15
"More than half (51%) of companies in the UK were utilizing signature verification technology as of 2021."
Statistic 16
"In 2021, the United States had the largest market share of signature verification technology."
Statistic 17
"The signature verification market revenue in Asia-Pacific will surge at 25.3% CAGR during 2019-2025."
Statistic 18
"The mobile segment in the signature verification market is anticipated to register the highest CAGR of 28.6% during the forecast period."
Statistic 19
"The machine learning & AI technologies adoption in signature verification is projected to grow at a 26.7% CAGR through 2025."
Statistic 20
"The signature verification market in South America is predicted to expand at a 23.5% CAGR during the forecast period."
