How Do Paperless Workflows Expand E-Signature Market?

 In 2021, the e-signature market stood at $1,527.7 million, and it is predicted to grow at a rate of 26.6% from 2021 to 2030, and by 2030, it would hit $12,721.5 million, attributed to the rising security concerns about enterprises, increased adoption of the innovative technologies and rising government support in emerging economies such as China, Brazil, and India. The market has a worldwide abundance of clients due to the presence of several providers, resulting in intense competition, medium product differentiation, and a huge number of participants.

Software contributes significantly to the e-signature market revenue generation, of 40% share. It is expected to retain the same position in the near future due to rising cloud-based solutions usage and advanced e-signature solutions with encryption services to facilitate secure digital document sharing and communication. Numerous companies are adopting cloud-based e-signature to manage and protect critical data propels the market expansion. 

Read Full Report: E-Signature Market Revenue Estimation and Growth Forecast Report

The e-signature market is witnessing an increasing trend of clickwrap signature, as it enables the users to e-sign or agree to the contract’s terms by clicking on “I agree” or “I accept”. It is legally acceptable as a wet signature and is equal to verbal or written contracts. It results in pacing up demand for the e-signatures worldwide in the near future. 

Moreover, the BFSI sector captures a massive e-signature market share, of 30%, ascribed to the growing popularity of online services such as stock trading, mobile banking, and internet banking. In addition, BFSI is concerned with understanding consumer behavior, preferences and choices through business applications designed to facilitate customers. It provides strong security, manages regulatory compliances, protects identities, as well as facilitates simplifying complex business processes with improved security and faster onboarding of customers. 

Government agencies use e-signature to reduce forgeries and build public trust in private documentation. Worldwide governments are encouraging the adoption of e-signature solutions to maximize the efficiency and security of the processes. E-signatures are legally valid in around 75 countries. Moreover, e-signatures used in the IT department of private and public enterprises enhance the security of tasks. Moreover, they improve the efficiency of the organization, more preferably in its contractual processes. 

E-signature facilitates the paperless workflow, attributed to the ease in storing electronic data in the database that can automatically send client validations. The documents and signatures on electronically signed agreements are secured by a tempered evident seal. Numerous cases can be considered here such as settlements, notices, pleadings, depositions, incident descriptions, and so on. E-signature enables efficient document centralization, reducing the risk of fraud and enhancing the brand image.  

North America captures the largest e-signature market share, of 35%, attributed to numerous factors such as a surge in e-signatures use, reduce online fraud, and increased use in the healthcare and BFSI sectors. Also, the increased investments to advance the technologies results in increased productivity. Moreover, the legal validity of e-signatures in the Canada and U.S. also propels the market. 

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How Do Paperless Workflows Expand E-Signature Market?

 In 2021, the e-signature market stood at $1,527.7 million, and it is predicted to grow at a rate of 26.6% from 2021 to 2030, and by 2030, it would hit $12,721.5 million, attributed to the rising security concerns about enterprises, increased adoption of the innovative technologies and rising government support in emerging economies such as China, Brazil, and India. The market has a worldwide abundance of clients due to the presence of several providers, resulting in intense competition, medium product differentiation, and a huge number of participants.

Software contributes significantly to the e-signature market revenue generation, of 40% share. It is expected to retain the same position in the near future due to rising cloud-based solutions usage and advanced e-signature solutions with encryption services to facilitate secure digital document sharing and communication. Numerous companies are adopting cloud-based e-signature to manage and protect critical data propels the market expansion. 

Read Full Report: E-Signature Market Revenue Estimation and Growth Forecast Report

The e-signature market is witnessing an increasing trend of clickwrap signature, as it enables the users to e-sign or agree to the contract’s terms by clicking on “I agree” or “I accept”. It is legally acceptable as a wet signature and is equal to verbal or written contracts. It results in pacing up demand for the e-signatures worldwide in the near future. 

Moreover, the BFSI sector captures a massive e-signature market share, of 30%, ascribed to the growing popularity of online services such as stock trading, mobile banking, and internet banking. In addition, BFSI is concerned with understanding consumer behavior, preferences and choices through business applications designed to facilitate customers. It provides strong security, manages regulatory compliances, protects identities, as well as facilitates simplifying complex business processes with improved security and faster onboarding of customers. 

Government agencies use e-signature to reduce forgeries and build public trust in private documentation. Worldwide governments are encouraging the adoption of e-signature solutions to maximize the efficiency and security of the processes. E-signatures are legally valid in around 75 countries. Moreover, e-signatures used in the IT department of private and public enterprises enhance the security of tasks. Moreover, they improve the efficiency of the organization, more preferably in its contractual processes. 

E-signature facilitates the paperless workflow, attributed to the ease in storing electronic data in the database that can automatically send client validations. The documents and signatures on electronically signed agreements are secured by a tempered evident seal. Numerous cases can be considered here such as settlements, notices, pleadings, depositions, incident descriptions, and so on. E-signature enables efficient document centralization, reducing the risk of fraud and enhancing the brand image.  

North America captures the largest e-signature market share, of 35%, attributed to numerous factors such as a surge in e-signatures use, reduce online fraud, and increased use in the healthcare and BFSI sectors. Also, the increased investments to advance the technologies results in increased productivity. Moreover, the legal validity of e-signatures in the Canada and U.S. also propels the market. 

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Increasing Smartphone Penetration Fueling Demand for RF Transceivers

 The mushrooming utilization of smartphones is one of the major factors fueling the demand for radiofrequency (RF) transceivers across the globe. In the recent years, the penetration of smartphones has grown massively both in the developed and developing countries. As per the State of Mobile Internet Connectivity Report 2019 published by the Global System for Mobile Communications Association (GSMA), 3.5 billion people all over the world use smartphones currently, and these devices are the primary medium for accessing the internet. 

Apart from the above-mentioned factor, the growing adoption of the internet of things (IoT) and advanced mobile communication technologies such as 5G and 4G are also propelling the demand for RF transceivers. This is, in turn, fueling the growth of the global radiofrequency (RF) transceiver market. According to the estimates of the market research firm, P&S Intelligence, the market value will fall from $3,892.1 million in 2019 to $3,384.5 million by 2030, due to the declining prices of RF transceivers. 

Additionally, the falling demand for 2G and 3G technologies is also contributing toward the reduction in the market value. Furthermore, the market will exhibit a CAGR of 0.8% between 2020 and 2030. 5G, 4G, 3G, and 2G transceivers are the most commonly used RF transceivers across the world. Out of these, the demand for the 4G transceivers was found to be the highest in 2019, due to the replacement of the 3G technology with the 4G one in various countries.

Access Report Summary - RF Transceiver Market Segmentation Analysis Report

In terms of design, RF transceivers are classified into single-chip and standalone-chip transceivers. Between these, the sales of the single-chip transceivers were observed to be higher in the years gone by. These transceivers consume lesser power than the standalone-chip ones and were thus, extensively used for low-voltage operations in wireless devices. Furthermore, these transceivers are increasingly being used for telemetry communication and wireless body area network (WBAN) in the healthcare industry. 

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Increasing Smartphone Penetration Fueling Demand for RF Transceivers

 The mushrooming utilization of smartphones is one of the major factors fueling the demand for radiofrequency (RF) transceivers across the globe. In the recent years, the penetration of smartphones has grown massively both in the developed and developing countries. As per the State of Mobile Internet Connectivity Report 2019 published by the Global System for Mobile Communications Association (GSMA), 3.5 billion people all over the world use smartphones currently, and these devices are the primary medium for accessing the internet. 

Apart from the above-mentioned factor, the growing adoption of the internet of things (IoT) and advanced mobile communication technologies such as 5G and 4G are also propelling the demand for RF transceivers. This is, in turn, fueling the growth of the global radiofrequency (RF) transceiver market. According to the estimates of the market research firm, P&S Intelligence, the market value will fall from $3,892.1 million in 2019 to $3,384.5 million by 2030, due to the declining prices of RF transceivers. 

Additionally, the falling demand for 2G and 3G technologies is also contributing toward the reduction in the market value. Furthermore, the market will exhibit a CAGR of 0.8% between 2020 and 2030. 5G, 4G, 3G, and 2G transceivers are the most commonly used RF transceivers across the world. Out of these, the demand for the 4G transceivers was found to be the highest in 2019, due to the replacement of the 3G technology with the 4G one in various countries.

Access Report Summary - RF Transceiver Market Segmentation Analysis Report

In terms of design, RF transceivers are classified into single-chip and standalone-chip transceivers. Between these, the sales of the single-chip transceivers were observed to be higher in the years gone by. These transceivers consume lesser power than the standalone-chip ones and were thus, extensively used for low-voltage operations in wireless devices. Furthermore, these transceivers are increasingly being used for telemetry communication and wireless body area network (WBAN) in the healthcare industry. 

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How Does Increase in Satellite Launches Propel Radiation Hardened Electronics Market?

 In 2021, the radiation hardened electronics market stood at $1,539.1 million, and it is expected to advance at a rate of 3.5% during 2021–2030, to hit the $2,104.2 million mark by 2030. The surge in demand for radiation-hardened components such as nuclear power plants, medical devices, and aircraft boosts the market. Moreover, North America has acquired the largest market share, of 35%, attributed to the rise in advanced technologies and components’ miniaturization. 

In addition, APAC holds the third-largest share, and it is expected to witness the same trend in the near future, attributed to the increasing focus of emerging economies such as South Korea and India to fulfil the growing demand through nuclear power plants. India saved 600 million tons of carbon dioxide emission to the environment by generating 755 billion units of electricity and producing nearly 6,700 MW of nuclear energy. 

Reconfigurable radiation-hardened devices have a high demand in the radiation-hardened electronics market, resulting in increased opportunities for the players. It enables satellite users to modify depending on the operation scope when it is the orbit, resulting in decreasing reconfiguration costs. The primary companies are increasingly participating to develop new software-defined radiation-hardened electronic components. 

Commercial off-the-shelf products have captured a substantial radiation hardened electronics market share, of 60%, attributed to the COTS devices’ high bandwidth. In addition, the rising private spaceflight industry is growing through open-system architectures, commercial design approaches, and COTS electronic technologies. Moreover, organizations in the healthcare industry are acquiring COTS products instead of designing rather than designing customizes solutions resulting in a market boost. 

Radiation-hardened electronics are crucial in space application boosts the radiation hardened electronics market, and it is expected to grow significantly in the forecast years, attributed to the worldwide increasing intelligence, surveillance, and reconnaissance (ISR) operations, resulting in increased opportunities for market players to offer more reliable and robust electronic components for spacecraft. 

Moreover, the worldwide surge in the number of internet users with the massive data volume crowds the satellite spectrum, resulting in the growing demand for the radiation hardened electronics. For example, there are around 5 billion internet users globally. In addition, the rising connectivity usage facilitated by the IoT, 5G, high-altitude platform stations, and non-geostationary orbit satellite systems has resulted in an increased requirement for accessing the satellite spectrum’s various frequency bands. 

In addition, the rise in the number of satellite launches drives the demand for radiation hardened electronics. For example, around 7,000 individual satellites evolve around the earth, which is 30% higher than the last year. It is expected that around 1000 satellite launches would take place every year, and by 2028, it would result in 16000 satellites in the earth’s orbit. 

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How Does Increase in Satellite Launches Propel Radiation Hardened Electronics Market?

 In 2021, the radiation hardened electronics market stood at $1,539.1 million, and it is expected to advance at a rate of 3.5% during 2021–2030, to hit the $2,104.2 million mark by 2030. The surge in demand for radiation-hardened components such as nuclear power plants, medical devices, and aircraft boosts the market. Moreover, North America has acquired the largest market share, of 35%, attributed to the rise in advanced technologies and components’ miniaturization. 

In addition, APAC holds the third-largest share, and it is expected to witness the same trend in the near future, attributed to the increasing focus of emerging economies such as South Korea and India to fulfil the growing demand through nuclear power plants. India saved 600 million tons of carbon dioxide emission to the environment by generating 755 billion units of electricity and producing nearly 6,700 MW of nuclear energy. 

Reconfigurable radiation-hardened devices have a high demand in the radiation-hardened electronics market, resulting in increased opportunities for the players. It enables satellite users to modify depending on the operation scope when it is the orbit, resulting in decreasing reconfiguration costs. The primary companies are increasingly participating to develop new software-defined radiation-hardened electronic components. 

Commercial off-the-shelf products have captured a substantial radiation hardened electronics market share, of 60%, attributed to the COTS devices’ high bandwidth. In addition, the rising private spaceflight industry is growing through open-system architectures, commercial design approaches, and COTS electronic technologies. Moreover, organizations in the healthcare industry are acquiring COTS products instead of designing rather than designing customizes solutions resulting in a market boost. 

Radiation-hardened electronics are crucial in space application boosts the radiation hardened electronics market, and it is expected to grow significantly in the forecast years, attributed to the worldwide increasing intelligence, surveillance, and reconnaissance (ISR) operations, resulting in increased opportunities for market players to offer more reliable and robust electronic components for spacecraft. 

Moreover, the worldwide surge in the number of internet users with the massive data volume crowds the satellite spectrum, resulting in the growing demand for the radiation hardened electronics. For example, there are around 5 billion internet users globally. In addition, the rising connectivity usage facilitated by the IoT, 5G, high-altitude platform stations, and non-geostationary orbit satellite systems has resulted in an increased requirement for accessing the satellite spectrum’s various frequency bands. 

In addition, the rise in the number of satellite launches drives the demand for radiation hardened electronics. For example, around 7,000 individual satellites evolve around the earth, which is 30% higher than the last year. It is expected that around 1000 satellite launches would take place every year, and by 2028, it would result in 16000 satellites in the earth’s orbit. 

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Why Differential Variants Hold Half Pressure Transmitter Market Share?

 The pressure transmitter market was worth around $2,904.0 million in 2021, which is predicted to hit $4,168.7 million by 2030, advancing at a 4.1% CAGR between 2021 and 2030. The main factor driving the growth of the market is the rising need for wireless pressure transmitters. By reducing wiring runs, such devices usually provide lower installation costs and simpler installation in remote areas. Another important aspect influencing the market is the increase in industrial automation adoption due to its enhanced product quality, lower operating costs, and maintenance of health and safety.

The liquid category is the biggest revenue producer in the pressure transmitter market, based on fluid type, and it will grow at a rate of 4.1% in the coming years. In non-hydrocarbon liquids, a submersible pressure transmitter is used for fluid pressure and level measurement, including in the water & wastewater treatment domain. Moreover, differential and measured pressure transmitters are widely used to gauge groundwater pump levels, as well as the hydrostatic liquid levels in tanks.

The level measurement category holds nearly 54.0% share of the global pressure transmitter market, when segmenting by application. Additionally, the category is expected to grow at a CAGR of 4.4% in the years to come. In the chemical, water & wastewater treatment, and petrochemical industries, pressure transmitters are widely used to examine the level in fuel tanks. Moreover, they help reduce purchase and maintenance expenses, offer ease of usage, and are compact in nature, therefore are suitable for applications of level measurement.

In 2021, the water & wastewater treatment category produced $243.8 million in the industry segment of the pressure transmitter market, and it is on the path to generating $371.4 million during the forecast period. Around the world, pressure transmitters are used in sewage systems, filtration facilities, chemical feeds, pumping stations, storage facilities, mixing vessels, and wet wells in the water & wastewater treatment industry. Such devices are used at various stages of the wastewater treatment process, such as tertiary, biological, primary, and secondary treatment.

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