Digital Transaction Management Market
Digital Transaction Management Market Analysis by Component (Software, Hardware, Services), by Solution (Digital Transaction Document Archival, Workflow Automation, Authentication), by End User, by Vertical & Region - Global Forecast 2022 to 2032
Analysis of Digital Transaction Management market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Global Digital Transaction Management Market Outlook
The global digital transaction management market revenue was estimated to be US$ 8.01 Bn in 2021 and is expected to increase at a CAGR of 25% from 2022 to 2032. It is estimated that the market will reach US$ 93.25 Bn by the end of 2032.
The demand for digital transaction managements is expected to rise over the forecast period and the market is projected to gain a global market size worth of US$ 10.01 Bn by the end of 2022.
| Report Attributes | Details |
|---|---|
| Estimated value in 2021 | US$ 8.01 Bn |
| Projected value in 2022 | US$ 10.01 Bn |
| Projected value in 2032 | US$ 93.25 Bn |
| CAGR during the forecast period, 2022 to 2032 | 25% |
| Market share of North America in 2022 | 33.5% |
| Market share of Hardware Segment in 2022 | 40.5% |
| Market share of Large Enterprises in 2022 | 55.5% |
| Key players profield | Adobe; Ascertia; DocuFirst; DocuSign Inc.; Entrust Datacard Corporation; Wolters Kluwer N.V; Kofax Inc.; Nintex U.K Ltd.; OneSpan; eDOC Innovations |
Growth in this market is mainly due to a paradigm shift to workflow automation across a wide range of industries and various verticals. All over the world, companies are looking to adopt efficient and seamless business methods, which can be applied wherever they are located.
The growing demand for Digital Transaction Management (DTM) solutions could be due to an improving customer experience and a reduction in transaction times, thereby stimulating the market during the forecast period.
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Demand Analysis of Digital Transaction Management, 2017 to 2021 vs. Market Outlook 2022 to 2032
According to Fact.MR, a market research and competitive intelligence provider, from 2017 to 2021, the global market for Digital Transaction Management expanded at a CAGR rate of 22.03%. During this period, the market was led by the North- American market and accounted for a substantial share of the global market.
In the wake of the COVID-19 pandemic and global lockdown, electronic technologies have seen an unavoidable upsurge in use. Organizations and people around the world have had to adapt to new ways of doing business and living. The worldwide focus of businesses is on paperless approvals for funding transactions as well as guarantee issuances. It is expected that DTM solutions will gain traction across a variety of industries and industry verticals.
Several reputed banks are implementing digital solutions to increase transaction flexibility. In the DTM system, documents are transferred and certified electronically, along with electronic signatures. Furthermore, most companies are introducing QES (Qualified Electronic Signature) to ensure the highest level of security for their digital transactions. DTM therefore enables smoother and quicker transaction processing. Business transactions are increasingly using electronic signatures, which bodes well for the market's growth during the forecast period, expand over 9x.
What Drives Market Growth of the Digital Transaction Management?
Advent of Massive Technological Advancements to Encourage Adoption
Global businesses are focusing on getting rid of manual paperwork and conventional approaches associated with managing a variety of business activities, which is expected to accentuate the market's growth. Advancements in technology are making it possible to implement more secure and reliable digital transaction management solutions.
Blockchain technology, for instance, creates a chain of timestamped archives linked together. Thus, a decentralized blockchain network based on digital transaction management can potentially prevent malicious attacks.
High Uptake of Cloud-based services will call for growth
Cloud-based services are expected to become more prevalent across the globe over the forecast period, generating growth opportunities. The adoption of cloud-based file management and document storage can lay the foundation for paperless documentation.
Furthermore, document capture, indexing, access control, secure sharing and archiving, integration, search, and retrieval capabilities, as well as encryption and backup capabilities are considered essential components for document management systems. Moreover, digital transaction management solutions that provide content analytics capabilities can also eliminate redundant data entry for businesses.
Constant Vulnerability to Cyberattacks may Restrict Adoption
Cyberattacks and fraud are common when using online services or solutions. Most online transactions are vulnerable to fraud such as merchant fraud, triangulation fraud, identity theft, phishing, affiliate fraud, clean fraud, counterattacks, and pagejacking. This will hinder the growth of the market over the forecast period due to concerns about fraudulent transactions and cyberattacks.
In particular, digital transaction management solutions are expected to suffer a decline in demand because of the increasing instances of security breaches and cyberattacks on default digital transactions.
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Country-wise-Analysis
What will be the market outlook in North America?
Rapid digitization of Industries to Impel Digital Transaction Management uptake
As of 2022, North America is expected to dominate the global digital transaction management market, with a revenue share of over 33.5%. North America is home to both established players and emerging companies offering digital transaction management services. A number of innovative digital solutions for transaction management have been adopted in the region early on. The North American regional market accounts for a significant share of the global market due to these factors.
The 2018 statistics of the US, for example, show that debit and credit cards continue to account for the majority of overall transactions. Paper-based payments accounted for 70% of the total payments volume in 2013, while electronic payments accounted for 59% of the total payments value in 2018. As per the FED, a total of 93.45 trillion dollars were transferred electronically from October to December by the country's banks.
How Opportunistic are Expansion Prospects in the Asia Pacific?
This will be the fastest growing market during the forecast period
Over the forecast period, Asia Pacific is expected to be the fastest-growing regional market. In developing countries, such as India and China, the adoption of digital solutions for transaction management is expected to drive the growth of the regional market. In India, the government's Digital India initiative and continued digitization are expected to boost market growth.
As per the Reserve Bank of India, in the fiscal year 2019 to 2020, out of the total transactions made in that particular year, 95% of the payments were digital payments. Whereas, during the fiscal year 2017 to 2018, digital payments acquired 91% of the total payments made. Over the forecast period, there is also expected to be a growth in the number of SMEs in the Asia Pacific. A CAGR of 27% is anticipated for the region until 2032.
Category-wise Insights
Which Component of Digital Transaction Management is expected to Remain Prominent?
Demand for Hardware based Digital Transaction Management Solutions to be Dominant
With a revenue share exceeding 40.5% in 2022, the hardware segment dominated the market and the same trend is expected to be followed during the forecast period. Retail, hospitality, and healthcare are driving growth in the hardware segment primarily due to the rapid growth of Point of Sale (POS) machines.
These machines are developed specifically to keep track of sales orders, inventory records, customer profiles, transactions, and other activities carried out in a retail store. DTM hardware is also in demand due to the proliferation of contactless technologies and electronic signature pads, such as Near Field Communication (NFC).
Why is the Electronic Signature Segment Gaining Preference?
Extensive portfolios of electronic signature software and services is driving growth
The electronic signatures segment dominated the global market in 2021 and accounted for more than 38.4% of market revenue. As a result of the extensive portfolios of software and services offered by several vendors, the segment is forecast to continue dominating the market over the forecast period.
With electronic signatures technology, business operations are more efficient, faster, and less expensive. Cost reductions are evident across various areas, including processing, recording, archiving, printing, and mailing.
What is the Outlook of the Large Enterprises Segment?
Voluminous Nature of Transactions Compelling Large Corporations to Adopt DTM Services
Over 55.5% of the market revenue in 2022 is to be accounted for by large enterprises. The ability to organize transaction workflows and ensure efficient and cost-effective business processes remains critical for large enterprises. As a result, large organizations are more likely to use digital transaction management solutions for efficient handling of transactions and transaction documents.
Most large corporations adopt digital transaction management solutions to ensure adequate authentication for users, keep track of time stamped changes, and collaborate with reviewers, which in turn helps in speeding up the entire business process.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Competitive Landscape
A number of innovative features are being added to digital transaction management solutions provided by market players. Among the features of the system are automatic reminders, seamless document generation, automated tracking and configurable workflows. Furthermore, vendors are developing solutions that are compliant with various standards regarding global security conditions as well as auditing of agreements. As part of their efforts to solidify their market positions, market players are particularly focusing on new product development, strategic partnerships, mergers & acquisitions, and business expansions.
- OneSpan announced in September 2021 that BankID, a personal electronic identification that is used by all banks in Norway, is utilizing anti-fraud and cloud authentication solutions from OneSpan.
- In 2019, as part of Nintex's Nintex Promapp service, Nintex introduced its Nintex Workflow Generator, which automates the process of creating workflows.
- The Dropbox acquisition of HelloSign in March 2019 was worth $230 million USD. WelcomeWorks WCA, HelloSign's flagship service, is a big reason for the company's popularity. In 2019, HelloWorks' UI was upgraded to provide customers with a seamless and intuitive onboarding experience. It's a complete WCA solution that automates operations based on documents.
Key Segments Covered in the Digital Transaction Management Industry Survey
-
By Component :
- Software
- Hardware
- Services
-
By Solution :
- Document Archival
- Workflow Automation
- Authentication
- Electronic Signatures
-
By End User :
- SMEs
- Large Enterprises
-
By Vertical :
- BFSI
- IT & Telecom
- Real Estate
- Retail
- Healthcare
- Government
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Market Risks and Trends Assessment
- 4. Market Background
- 5. Key Success Factors
- 6. Global Market Demand Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 7. Global Market Value Analysis 2015 to 2021 and Forecast, 2022 to 2032
- 8. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Component
- 8.1. Hardware
- 8.2. Software
- 8.3. Services
- 9. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Solution
- 9.1. Electronic Signatures
- 9.2. Workflow Automation
- 9.3. Authentication
- 9.4. Document Archival
- 9.5. Others
- 10. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Vertical
- 10.1. Retail
- 10.2. BFSI
- 10.3. Healthcare
- 10.4. IT & Telecom
- 10.5. Government
- 10.6. Real Estate
- 10.7. Utilities
- 10.8. Others
- 11. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By End-user
- 11.1. Large Enterprises
- 11.2. SMEs
- 12. Global Market Analysis 2015 to 2021 and Forecast 2022 to 2032, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Europe
- 12.4. Asia Pacific
- 12.5. Middle East and Africa (MEA)
- 13. North America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 14. Latin America Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 15. Europe Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 16. Asia Pacific Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 17. Middle East and Africa Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 18. Key Countries Market Analysis 2015 to 2021 and Forecast 2022 to 2032
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. Adobe
- 20.2. Ascertia
- 20.3. DocuFirst
- 20.4. DocuSign
- 20.5. Entrust Corporation
- 20.6. Wolters Kluwer N.V.
- 20.7. Kofax Inc.
- 20.8. Nintex UK Ltd.
- 20.9. OneSpan
- 20.10. eDOC Innovations
- 21. Assumptions and Acronyms Used
- 22. Research Methodology
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List Of Table
Table 1: Global Market Value (US$ Mn),By Component, 2015 to 2021
Table 2: Global Market Value (US$ Mn),By Component, 2022 to 2032
Table 3: Global Market Value (US$ Mn), By Solution, 2015 to 2021
Table 4: Global Market Value (US$ Mn), By Solution, 2022 to 2032
Table 5: Global Market Value (US$ Mn), By Vertical, 2015 to 2021
Table 6: Global Market Value (US$ Mn), By Vertical, 2022 to 2032
Table 7: Global Market Value (US$ Mn), By End-user, 2015 to 2021
Table 8: Global Market Value (US$ Mn), By End-user, 2022 to 2032
Table 9: Global Market, By Region, 2015 to 2021
Table 10: Global Market, By Region, 2022 to 2032
Table 11: North America Market Value (US$ Mn),By Component, 2015 to 2021
Table 12: North America Market Value (US$ Mn),By Component, 2022 to 2032
Table 13: North America Market Value (US$ Mn), By Solution, 2015 to 2021
Table 14: North America Market Value (US$ Mn), By Solution, 2022 to 2032
Table 15: North America Market Value (US$ Mn), By Vertical, 2015 to 2021
Table 16: North America Market Value (US$ Mn), By Vertical, 2022 to 2032
Table 17: North America Market Value (US$ Mn), By End-user, 2015 to 2021
Table 18: North America Market Value (US$ Mn), By End-user, 2022 to 2032
Table 19: North America Market, By Country, 2015 to 2021
Table 20: North America Market, By Country, 2022 to 2032
Table 21: Latin America Market Value (US$ Mn),By Component, 2015 to 2021
Table 22: Latin America Market Value (US$ Mn),By Component, 2022 to 2032
Table 23: Latin America Market Value (US$ Mn), By Solution, 2015 to 2021
Table 24: Latin America Market Value (US$ Mn), By Solution, 2022 to 2032
Table 25: Latin America Market Value (US$ Mn), By Vertical, 2015 to 2021
Table 26: Latin America Market Value (US$ Mn), By Vertical, 2022 to 2032
Table 27: Latin America Market Value (US$ Mn), By End-user, 2015 to 2021
Table 28: Latin America Market Value (US$ Mn), By End-user, 2022 to 2032
Table 29: Latin America Market, By Country, 2015 to 2021
Table 30: Latin America Market, By Country, 2022 to 2032
Table 31: Europe Market Value (US$ Mn),By Component, 2015 to 2021
Table 32: Europe Market Value (US$ Mn),By Component, 2022 to 2032
Table 33: Europe Market Value (US$ Mn), By Solution, 2015 to 2021
Table 34: Europe Market Value (US$ Mn), By Solution, 2022 to 2032
Table 35: Europe Market Value (US$ Mn), By Vertical, 2015 to 2021
Table 36: Europe Market Value (US$ Mn), By Vertical, 2022 to 2032
Table 37: Europe Market Value (US$ Mn), By End-user, 2015 to 2021
Table 38: Europe Market Value (US$ Mn), By End-user, 2022 to 2032
Table 39: Europe Market, By Country, 2015 to 2021
Table 40: Europe Market, By Country, 2022 to 2032
Table 41: Asia Pacific Market Value (US$ Mn),By Component, 2015 to 2021
Table 42: Asia Pacific Market Value (US$ Mn),By Component, 2022 to 2032
Table 43: Asia Pacific Market Value (US$ Mn), By Solution, 2015 to 2021
Table 44: Asia Pacific Market Value (US$ Mn), By Solution, 2022 to 2032
Table 45: Asia Pacific Market Value (US$ Mn), By Vertical, 2015 to 2021
Table 46: Asia Pacific Market Value (US$ Mn), By Vertical, 2022 to 2032
Table 47: Asia Pacific Market Value (US$ Mn), By End-user, 2015 to 2021
Table 48: Asia Pacific Market Value (US$ Mn), By End-user, 2022 to 2032
Table 49: Asia Pacific Market, By Country, 2015 to 2021
Table 50: Asia Pacific Market, By Country, 2022 to 2032
Table 51: MEA Market Value (US$ Mn),By Component, 2015 to 2021
Table 52: MEA Market Value (US$ Mn),By Component, 2022 to 2032
Table 53: MEA Market Value (US$ Mn), By Solution, 2015 to 2021
Table 54: MEA Market Value (US$ Mn), By Solution, 2022 to 2032
Table 55: MEA Market Value (US$ Mn), By Vertical, 2015 to 2021
Table 56: MEA Market Value (US$ Mn), By Vertical, 2022 to 2032
Table 57: MEA Market Value (US$ Mn), By End-user, 2015 to 2021
Table 58: MEA Market Value (US$ Mn), By End-user, 2022 to 2032
Table 59: MEA Market, By Country, 2015 to 2021
Table 60: MEA Market, By Country, 2022 to 2032
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List Of Figures
Figure 1: Global Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Mn
Figure 3: Global Market Share, By Component, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 5: Global Market Attractiveness Index, By Component to 2022 to 2032
Figure 6: Global Market Share, By Solution, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Solution to 2022 to 2032
Figure 9: Global Market Share, By End-user, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By End-user to 2022 to 2032
Figure 11: Global Market Attractiveness Index, By End-user to 2022 to 2032
Figure 12: Global Market Share, By Vertical, 2022 & 2032
Figure 13: Global Market Y-o-Y Growth Projections, By Vertical to 2022 to 2032
Figure 14: Global Market Attractiveness Index, By Vertical to 2022 to 2032
Figure 15: Global Market Share, By Region, 2022 & 2032
Figure 16: Global Market Y-o-Y Growth Projections, By Region to 2022 to 2032
Figure 17: Global Market Attractiveness Index, By Region to 2022 to 2032
Figure 18: North America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 19: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 20: North America Market Share, By Component, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Component to 2022 to 2032
Figure 23: North America Market Share, By Solution, 2022 & 2032
Figure 24: North America Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 25: North America Market Attractiveness Index, By Solution to 2022 to 2032
Figure 26: North America Market Share, By End-user, 2022 & 2032
Figure 27: North America Market Y-o-Y Growth Projections, By End-user to 2022 to 2032
Figure 28: North America Market Attractiveness Index, By End-user to 2022 to 2032
Figure 29: North America Market Share, By Vertical, 2022 & 2032
Figure 30: North America Market Y-o-Y Growth Projections, By Vertical to 2022 to 2032
Figure 31: North America Market Attractiveness Index, By Vertical to 2022 to 2032
Figure 32: North America Market Share, By Country, 2022 & 2032
Figure 33: North America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 34: North America Market Attractiveness Index, By Country to 2022 to 2032
Figure 35: Latin America Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 36: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 37: Latin America Market Share, By Component, 2022 & 2032
Figure 38: Latin America Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 39: Latin America Market Attractiveness Index, By Component to 2022 to 2032
Figure 40: Latin America Market Share, By Solution, 2022 & 2032
Figure 41: Latin America Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 42: Latin America Market Attractiveness Index, By Solution to 2022 to 2032
Figure 43: Latin America Market Share, By End-user, 2022 & 2032
Figure 44: Latin America Market Y-o-Y Growth Projections, By End-user to 2022 to 2032
Figure 45: Latin America Market Attractiveness Index, By End-user to 2022 to 2032
Figure 46: Latin America Market Share, By Vertical, 2022 & 2032
Figure 47: Latin America Market Y-o-Y Growth Projections, By Vertical to 2022 to 2032
Figure 48: Latin America Market Attractiveness Index, By Vertical to 2022 to 2032
Figure 49: Latin America Market Share, By Country, 2022 & 2032
Figure 50: Latin America Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 51: Latin America Market Attractiveness Index, By Country to 2022 to 2032
Figure 52: Europe Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 53: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 54: Europe Market Share, By Component, 2022 & 2032
Figure 55: Europe Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 56: Europe Market Attractiveness Index, By Component to 2022 to 2032
Figure 57: Europe Market Share, By Solution, 2022 & 2032
Figure 58: Europe Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 59: Europe Market Attractiveness Index, By Solution to 2022 to 2032
Figure 60: Europe Market Share, By End-user, 2022 & 2032
Figure 61: Europe Market Y-o-Y Growth Projections, By End-user to 2022 to 2032
Figure 62: Europe Market Attractiveness Index, By End-user to 2022 to 2032
Figure 63: Europe Market Share, By Vertical, 2022 & 2032
Figure 64: Europe Market Y-o-Y Growth Projections, By Vertical to 2022 to 2032
Figure 65: Europe Market Attractiveness Index, By Vertical to 2022 to 2032
Figure 66: Europe Market Share, By Country, 2022 & 2032
Figure 67: Europe Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 68: Europe Market Attractiveness Index, By Country to 2022 to 2032
Figure 69: MEA Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 70: MEA Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 71: MEA Market Share, By Component, 2022 & 2032
Figure 72: MEA Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 73: MEA Market Attractiveness Index, By Component to 2022 to 2032
Figure 74: MEA Market Share, By Solution, 2022 & 2032
Figure 75: MEA Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 76: MEA Market Attractiveness Index, By Solution to 2022 to 2032
Figure 77: MEA Market Share, By End-user, 2022 & 2032
Figure 78: MEA Market Y-o-Y Growth Projections, By End-user to 2022 to 2032
Figure 79: MEA Market Attractiveness Index, By End-user to 2022 to 2032
Figure 80: MEA Market Share, By Vertical, 2022 & 2032
Figure 81: MEA Market Y-o-Y Growth Projections, By Vertical to 2022 to 2032
Figure 82: MEA Market Attractiveness Index, By Vertical to 2022 to 2032
Figure 83: MEA Market Share, By Country, 2022 & 2032
Figure 84: MEA Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 85: MEA Market Attractiveness Index, By Country to 2022 to 2032
Figure 86: Asia Pacific Market Value (US$ Mn) and Year-on-Year Growth, 2015 to 2032
Figure 87: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Mn
Figure 88: Asia Pacific Market Share, By Component, 2022 & 2032
Figure 89: Asia Pacific Market Y-o-Y Growth Projections, By Component to 2022 to 2032
Figure 90: Asia Pacific Market Attractiveness Index, By Component to 2022 to 2032
Figure 91: Asia Pacific Market Share, By Solution, 2022 & 2032
Figure 92: Asia Pacific Market Y-o-Y Growth Projections, By Solution to 2022 to 2032
Figure 93: Asia Pacific Market Attractiveness Index, By Solution to 2022 to 2032
Figure 94: Asia Pacific Market Share, By End-user, 2022 & 2032
Figure 95: Asia Pacific Market Y-o-Y Growth Projections, By End-user to 2022 to 2032
Figure 96: Asia Pacific Market Attractiveness Index, By End-user to 2022 to 2032
Figure 97: Asia Pacific Market Share, By Vertical, 2022 & 2032
Figure 98: Asia Pacific Market Y-o-Y Growth Projections, By Vertical to 2022 to 2032
Figure 99: Asia Pacific Market Attractiveness Index, By Vertical to 2022 to 2032
Figure 100: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 101: Asia Pacific Market Y-o-Y Growth Projections, By Country to 2022 to 2032
Figure 102: Asia Pacific Market Attractiveness Index, By Country to 2022 to 2032
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
What was the market value for digital transaction management in 2021?
As of 2021, the digital transaction management market reached US$ 8.01 Bn in value terms
How much is the expected worth of the digital transaction management industry in 2022?
Fact.MR predicts the market for digital transaction management to reach US$ 10.01 Bn by 2022-end
What was the last 6 years value CAGR for the market for digital transaction management?
From 2015 to 2021, the market for digital transaction management surged at an astounding 22.03% CAGR
As per this report, what is the expected value CAGR for digital transaction management until 2032?
From 2022 to 2032, the market for digital transaction management is anticipated to ascend at a CAGR of 25%
What is the expected closing value of the market for digital transaction management in 2032?
By 2032, the digital transaction management industry is forecast to reach US$ 93.25 Bn
How opportunistic will the market for digital transaction management likely be in North America?
Over 33.5% of digital transaction management market revenue is likely to be contributed by North America
What are the growth prospects for digital transaction management solutions in the Asia-Pacific?
The Asia-Pacific market is expected to flourish at a CAGR of 27% from 2022 to 2032
By component, which digital transaction management category is expected to remain the most sought after?
By component, hardware based digital transaction management will account for over 40.5% revenue
Digital Transaction Management Market