Digital Transaction Management (DTM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

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Digital Transaction Management (DTM) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028

Status : November, 2020 | Technology & Media | PPT format

Report Digest


Global Digital Transaction Management (DTM) Market: Snapshot

Digital transaction management or DTM comes under a category of cloud-based services, which is designed to manage document-based transactions in a completely electronic manner. DTM helps in creating easier, faster, secure, and convenient transaction processes through removing the friction inherent in transactions. This system completely replaced the involvement of documents, people, and data during transactions.

Digital transaction management system includes e-signatures, non-repudiation, and authentication and enables co-browsing between the business and the customer. This system also includes document transfer and certification. Many industries are adopting DTM system for enhancing business automaton, overall cost reduction, and gaining revenue. Such advantages are driving the global digital transaction management (DTM) market.

DTM is highly adopted in various industries such as banking, healthcare, real estate, and education. An inclination towards digital transformation along with overcoming of conventional complications including proper compliance and authentication and lacking workflow clarity is further fueling demand in the global digital transaction management (DTM) market. Along with these, rising adoption of cloud-based services, and rapid establishment of security frameworks in cloud-based data management system are also boosting the global digital transaction management (DTM) market.

Adoption of DTM helps many businesses to avoid the conventional pitfalls of losing or missing documents and data, lack of visibility in workflow, and breakages in processes. There are few leading software tools for DTM are – DocuSign, Box, Kofax, Fluix, Mi-Forms, and Captricity. These software tools validate customers’ information to ensure accuracy during transactions.  However, the DTM system is rapidly evolving with the incorporation of content automation and blockchain.

Global Digital Transaction Management (DTM) Market: Overview

The global digital transaction management (DTM) market is set to rise at a double digit CAGR in the next couple of years. This is because of the ability of the product to better efficiency and speed of work. Growing penetration of the internet and surging uptake of digital payment modes is also expected to have a positive impact on the market. In fact, most of the growth in the global digital transaction management (DTM) market is being fuelled by the swiftly developing nations in Asia Pacific and Latin America.

Some of the key solutions in the global digital transaction management (DTM) market are document archival, workflow automation, authentication, and e-signature. Among them, e-signature is set to see maximum uptake in the next couple of years. This is because of the rising need for authenticating and verifying online transactions.

Global Digital Transaction Management (DTM) Market: Drivers and Restraints

Digital transaction management (DTM) is an upcoming type of cloud service meant to manage document transfers. In the near term, the global digital transaction management (DTM) market is predicted to rise with the surging sales of smartphones and various other smart devices. Seamless internet connectivity is expected to boost the market as well.

The increasing adoption of cloud based services and strict IT security frameworks is having a positive impact on the global digital transaction management (DTM) market. Posing a challenge to the market, on the other hand, is the threat of cyber-attack and digital fraudulence.

Global Digital Transaction Management (DTM) Market: Trends and Opportunities

The global digital transaction management (DTM) market is set to rise in the next couple of years on the back of demand from end use sectors such as healthcare, government, commercial, retail, banking, financial services, and insurance (BFSI), and IT and telecom. Of these, the commercial segment is projected to create most of the demand in the market.

Global Digital Transaction Management (DTM) Market: Regional Analysis

When it comes to geographical segmentation, the global digital transaction management (DTM) market is led by North America. This is because of the high uptake of cloud services in technologically advanced nations of the U.S. and Canada. Other promising regions include Europe and Asia Pacific. The demand in the Europe digital transaction management (DTM) market is mainly being bolstered by rising automation and the booming ecommerce sector. The market in the region is mainly being powered by Germany and the UK. Meanwhile, Asia Pacific digital transaction management (DTM) market is being buoyed by the mushrooming small and medium sized organizations in India and China.

Global Digital Transaction Management (DTM) Market: Competitive Landscape 

Prominent participants in the global digital transaction management (DTM) market are EuroNoVate, Assuresign, Namirial Spa, eOriginal, eSignLive, DocuSign Inc., and ThinkSmart.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?