Digital
Transaction Management (DTM) Market Analysis
The global Digital Transaction Management Market is predicted to touch USD
5.552.91 million at a healthy CAGR between 2017- 2023 states the recent Market
Research Future (MRFR) analysis. Digital transaction management or DTM is a
process to manage routine documented-based tasks with the help of electronic
means. It offers organizations with an array of benefits such as enhanced
customer experience and reduction in transaction time.
Some of its basic elements include electronic
signature, assembly, automation or workflow, and others. Workflow automation,
authentication, e-signature, non-repudiation, and others are the different
types of digital transaction management types that have extensive applications
in BFSI, media and entertainment, healthcare, IT and telecommunication,
government, travel and transportation, retail, and others.
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Various factors are propelling the global digital
transaction management market share. As per the current MRFR report, such
factors include the rising popularity of digital payment modes, increasing
internet penetration, an increase in digital payment modes during COVID-19
pandemic, and constant adoption of digital solutions for automation &
management of business & transaction management.
On the flip side, data security issues due to third
party involvement, concerns about complications, and lack of awareness about
common DTM standards are factors that may impede the global digital transaction
management market growth over the forecast period.
Market Segmentation
The MRFR report provides an inclusive segmental
analysis of the global digital transaction management market report based on
type, component, and application.
By component, the global digital transaction
management market is segmented into hardware, software, and services. Of these,
the hardware segment will lead the market over the forecast period.
By type, the global digital transaction management
market is segmented into workflow automation, authentication, e-signature,
non-repudiation, and others. Of these, the e-signature segment will dominate
the market over the forecast period.
By application, the digital transaction management
market is segmented into BFSI, media and entertainment, healthcare, IT and
telecommunication, government, travel and transportation, retail, and others.
Of these, the BFSI segment will command the largest share over the forecast
period.
COVID-19 Impact Analysis on Digital
Transaction Management (DTM) Market at: https://www.marketresearchfuture.com/report/covid-19-impact-digital-transaction-management-market
Regional Analysis
Based on the region, the global digital transaction
management market report covers the growth opportunities and recent trends
across the Asia Pacific (APAC), North America, Europe, & the Rest of the
World (RoW).
Of these, North America will have the lions share in
the market over the forecast period. The presence of key players, rapid
adoption of modern technology, and the region being an economic powerhouse are
adding to the global digital transaction management market growth in the
region. The United States holds the largest share in the market for the booming
financial sector.
The global digital transaction management market in
Europe is predicted to hold the second-largest share over the forecast period.
The good economic strength of the region is adding to market growth. The UK has
the utmost share in the market.
The digital transaction management market in the
APAC region is predicted to grow at a fast pace over the forecast period. Rapid
growth rate and expanding IT sector are adding to the global digital
transaction management market growth in the region.
The global digital transaction management market in
the RoW is predicted to have slow growth over the forecast period for the lack
of digital solutions.
Key Players
Key contenders profiled in the global digital
transaction management market report include eOriginal (U.S.), eSignLive
(U.S.), ZorroSign (U.S.), EuroNoVate (Switzerland), Assuresign (U.S.),
ThinkSmart (U.S.), Namirial Spa (Italy), Insight Enterprise Inc. (U.S.), and
DocuSign Inc. (U.S.), and others. Industry players have encompassed strategies
such as partnerships, joint ventures, mergers and acquisitions, strategic
alliances, geographic expansions, and others to stay at the forefront.
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