Global E-notary Software Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027: The increasing demand for e-notary Software owing to its various benefits such as it offers greater security and convenience for both businesses and consumers who regularly deal with notarizations is one of the major factors driving the market growth.
Global E-notary Software Market is expected to grow with a CAGR of 21.5% over the forecast period.
E-notary software provides secure electronic notarization functionality to the notary public, lawyers, and anyone in need of certifying electronic documents. It provides greater security and convenience for businesses and customers who regularly practice notarization. This software provides transparent access to documents in the queue for notarization as well as to people who have access to sensitive documents.
The growing spread of COVID-19 has slowed down the economy of many countries as well as many government functions, to some extent benefiting the e-notary software market. From 2020 onwards, the demand for online work or electronic devices such as mobiles, computers, and laptops has been increasing tremendously and the e-notary software market is seeing the benefits.
Global E-notary software market is segmented on the basis of types, application, and region & country level. Based upon type, E-notary software market is classified into Cloud based and web based. Based upon application, E-notary software market is classified into large enterprises and SMEs.
The regions covered in this global E-notary software market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of E-notary software is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some major key players for E-notary Software market report cover prominent players like DocVerify, Notarize, DigaSign, eNotaryDoX, NotaryCam, NotaryWorks, Safedocs and others.
News: DocuSign has Expanded into Remote Notary Business with a $38M deal to Buy Liveoak Technologies
On July 7th, 2020; Digital Signature Powerhouse DocuSign planned to incorporate remote online notary services into the core set of its products after announcing a deal for $38 million in stock from Liveoak Technologies of Austin, Texas. Additionally, this agreement is based on existing relationships between companies. DocuSign's signature technology has been integrated into Liveoak's platform. DocuSign founder Tom Gonser joined the Liveoak board last year when Seven Peaks Ventures, where he was a partner, take part in an $8 million fundraising round at the Austin Company. Furthermore, DocuSign says it has launched its new DocuSign notary product in 2020 as part of its contract cloud suite. Contestants include Notary Cam, Notaryize and Signix.
E-notary software provides secure electronic notarization functionality to the notary public, lawyers, and anyone in need of certifying electronic documents. Th e-notary software provides more security and convenience to e-notary software businesses and customers who deal with notarization on a regular basis. E-notary software is used by other industries and professionals without the previously required notarization; Some examples of documents that can be legalized e-notary solutions include property works, insurance settlements, and affidavits. The major benefits offered by e-notary software include saving time and resources previously allocated for the notarization process, providing audit trails, and supporting the data integrity of sensitive documents. Due to the hectic pace of life, it has become very difficult for citizens to devote more time to a task. This is causing an increase in demand. In addition, while some e-notary software provides electronic notary journal entries, streamlining and facilitating notary workflows, there are some positive results that are contributing to the increase in demand for e-notary software. Thus, all these advantages offered E-notary software drive the market growth.
However, the growing number of online scams these days could be a stumbling block for the market. In spite of that, online notarization is time-saving and convenient. The whole process can be completed from the comfort of home or office, even while you are traveling. This has led to an increase in the use of e-notary software. Also, the increasing spread of COVID-19 may lead to provide more growth opportunities for the further growth of the global e-notary software market.
The North American region is well known for the purpose of e-notary software, such as the growing number of property transactions over the past few years, as well as a number of notary-related works being done online using a variety of software in th9s region. Also, North America seems to be at the forefront of technology, so citizens here are doing most of their work online. Also, the government policies in this region are playing an important role in the market growth. The growing population in Asia Pacific as well as the growing adoption of new technologies is one of the major factors driving the market growth in the Asia Pacific. In the same vein, growing curation and property dealing have led to the widespread adoption of e-notary software, with the COVID-19 virus spreading from China to the rest of the world by 2020.
|2015 - 2020
|2021 - 2027
|Market Size in 2020:
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2027:
|Tables, Charts & Figures:
|DocVerify, Notarize, DigaSign, eNotaryDoX, NotaryCam, NotaryWorks, Safedocs and others
|By Type, By Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
Middle East and Africa
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