E-Signature Statistics 2022 - Everything You Need to Know


Are you looking to add E-Signature to your arsenal of tools? Maybe for your business or personal use only, whatever it is – it’s always a good idea to know more about the most important E-Signature statistics of 2022.

My team and I scanned the entire web and collected all the most useful E-Signature stats on this page. You don’t need to check any other resource on the web for any E-Signature statistics. All are here only 🙂

How much of an impact will E-Signature have on your day-to-day? or the day-to-day of your business? Should you invest in E-Signature? We will answer all your E-Signature related questions here.

Please read the page carefully and don’t miss any word. 🙂

Best E-Signature Statistics

☰ Use “CTRL+F” to quickly find statistics. There are total 95 E-Signature Statistics on this page 🙂

E-Signature Market Statistics

  • According to these figures, this means the e signature marketwill hit$9,073.1 million by 2023. [0]
  • According to these figures, this means the e signature market will hit $9,073.1 million by 2023. [1]
  • According to the recent reports, the total value of the global e signature market was $879.6 million USD in 2018. [2]
  • According to the estimates of Globe News Wire, the global e signature market is likely to reach a total value of $3,410.8 million by 2023. [2]
  • According to the reports of Business Wire, the worldwide e signature market could most probably reach a total value of $5.5 billion by 2023. [2]
  • P&S Intelligence states that the estimated growth rate of the electronic signature market in 2020 is 39%. [2]
  • Another significant esignature market forecast is that e signature solutions help in an 80% average reduction in turnaround time. [2]
  • In addition, some other estimates regarding the global e signature market indicate a 70% to 80% improvement in the efficiency. [2]
  • In the case of financial institutions, some e signature market trends point out the reduction in scanning errors by 92%. [2]
  • Another statistic related to the e signature market suggests that businesses could reduce their processing errors by 90% on average. [2]
  • For example, North America is presently the largest market for e signature, with over 40% of the global market size. [2]
  • The global digital signature market size was valued at $3.56 billion in 2020, and is projected to reach $61.91 billion by 2030, growing at a CAGR of 33.2% from 2021 to 2030. [3]
  • The digital signature market is expected to grow at a significant rate of around 30% during the forecast period. [3]
  • Among the components, software and services market contributed more than 65% of the total market share. [3]
  • Newoldstamp recently published “The State of Business Email Marketing” report, and statistics showed that the majority of email marketers (82%). [4]
  • Approximately 19% of marketers said that they will “definitely” use email signatures as an additional marketing channel in 2020. [4]
  • Most marketers (29%). [4]
  • Chief Marketer published its “2020 B2B Marketing Outlook Survey,” and data suggested that email (50%). [4]
  • Search engine optimization (43%), content marketing (34%) and live events (32%). [4]
  • The most common barriers associated with email marketing were click through rates (53%), open rates (42%) and list fatigue (36%). [4]
  • Approximately 26% of respondents also noted that deliverability was an issue when it came to email marketing. [4]
  • Days of the week aside, performance of B2B emails is considerably higher in terms of email open rates and CTRs, with results that are 47% higher than B2C email marketing campaigns. [5]
  • This is an incredibly powerful statistic when you recall how many emails are sent each day and take into consideration that 59% of B2B marketers say email marketing campaigns are their most effective channel for revenue generation. [5]
  • By 2023, it is predicted that there will be global email users will number 4.3 billion – so the future is looking bright for email marketing. [5]
  • The global digital signature market size is projected to grow from USD 4.0 billion in 2021 to USD 16.8 billion by 2026, at a Compound Annual Growth Rate of 33.1% during the forecast period. [6]
  • According to the research conducted by the Newoldstamp email signature management platform, 77% of professionals who use email signatures in their business communications were planning to adapt them for marketing purposes in 2020. [7]
  • The same research states that in 2020, 62% of professionals used their email signature generators for marketing regularly or occasionally. [7]
  • Global digital signature market size is estimated to hold a value of $25,211.3 million in 2030, while the market will develop at a CAGR of 29.2% within the stage 2021. [8]

E-Signature Software Statistics

  • More than 65% of Forrester inquiries on esignature are from enterprises that have opted for softwareasa. [9]
  • Among the components, software and services market contributed more than 65% of the total market share. [3]

E-Signature Latest Statistics

  • 55%–78.62% – total savings of businesses migrating to e signature apps from paper, taking into account material, administration, shipping, and subscription costs. [9]
  • 80% – average reductions in turnaround time using e. [9]
  • 80% – average error reduction 85% – productivity improvement. [9]
  • According to the Electronic Signature & Records Association, businesses experience an 83% performance improvement in getting approvals, along with 86% savings in document costs. [9]
  • Among financial institutions, eSignature reduces scanning errors by 92%. [9]
  • The implementation of e signature in financial institutions can also prevent file loss by 66%. [9]
  • Businesses achieve 70% to 80% efficiency improvements after removing manual processes to adopt digital technologies like e. [9]
  • Businesses that go paperless reduce their processing errors by an average of 90%. [9]
  • Among electronic signature business users, 81% experience an ROI in a 12 month budget cycle; meanwhile, 25% an ROI within three months or earlier. [9]
  • 65% of US based companies that use pen and paper reports collecting physical signatures add an entire day to their work process. [9]
  • To further enhance security, the twofactor authentication method has been implemented by 45% of organizations globally to verify e. [9]
  • The time spent by customers or clients in viewing and signing documents can be reduced by 40%. [9]
  • 81% of business users consider e signatures as the most essential in the legal and security aspects of their daily operations. [9]
  • 30% of all agreements are opened from a mobile web browser. [9]
  • 82 Percent of Companies Still Spending Billions on Paper. [9]
  • eSignaturesare expectedto grow 39% more by 2020. [0]
  • Companies that adopt e signature solutions reduce document handling expenses by a whopping 85%. [0]
  • Companies also save 80% on shipping costs when they go paperless, on average. [0]
  • 65% of companies using pen and paper report collecting physical signatures add an entire day to their work process. [0]
  • 41% of companies require signatures on more than half of their documents, printing more than half of their papers to get them signed. [0]
  • 48% of these businesses make three or more copies of their documents. [0]
  • However,companies that go paperless reduce 90% of their processing errorson average. [0]
  • Take a look below Businesses who adopt electronic signatures Studies show businesses that collect signatures electronically, instead of by paper, save anywhere from 55% to 78.62% on administrative costs. [10]
  • To add to the administrative costs, according to MSB Docs , 41% of companies require signatures on more than half of their documents and 48% of businesses make three or more copies of their needed documents. [10]
  • 80% Faster Finances Online , when collecting a signature from a client using paper and pen, the average time to collect the signature is approximately five days, compared to only 37 minutes when done electronically. [10]
  • See a Decrease of 80% in Errors. [10]
  • When a customer is able to sign a document electronically, businesses see a reduction in signing errors by 80%. [10]
  • See an 85% Improvement in Productivity Businesses who adopt electronic signatures see an 85% improvement in productivity. [10]
  • See a 500% Increase in Customer Loyalty. [10]
  • Companies like Finances Online suggest you can even see an increase in customer loyalty of 500% just by offering such convenience. [10]
  • Prevent Files from Missing by 66% We’ve all been there. [10]
  • According to Finances Online , providing the service of electronic document signing decreases the “I lost my file” scenario by 66%!. [10]
  • eSignatures are expected to grow 39% more by 2020. [1]
  • Companies that adopt e signature solutions reduce document handling expenses by a whopping 85%. [1]
  • Companies also save 80% on shipping costs when they go paperless, on average. [1]
  • 65% of companies using pen and paper report collecting physical signatures add an entire day to their work process. [1]
  • 41% of companies require signatures on more than half of their documents, printing more than half of their papers to get them signed. [1]
  • 48% of these businesses make three or more copies of their documents. [1]
  • However, companies that go paperless reduce 90% of their processing errors on average. [1]
  • For example, Fortune Business Insights state that the CAGR of the global esignature industry during the period from 2019 2026 would be 28.77%. [2]
  • The reports of Business Wire estimate the CAGR in the period from 2018 to 2023 at 36.7%. [2]
  • According to Business Insider, the growth in the worldwide e signature industry would be at a CAGR of 34.7%. [2]
  • Businesses can realize around 55% to 78.62% increment in total savings by migrating to e. [2]
  • In addition, the estimates indicate that e signature solutions help in reducing 80% of errors on average. [2]
  • Reportedly, e signature solutions also help in achieving an 80% improvement in productivity on average. [2]
  • Reports by the Electronic Signature & Records Association indicate that businesses can achieve an improvement of around 83% in obtaining approvals. [2]
  • The reports also indicate that businesses reported 86% savings in document costs. [2]
  • Salesforce enabled 60% of its services in a mere span of 15 minutes. [2]
  • Furthermore, Salesforce enables almost 90% of its services in the period of a day with the help of e. [2]
  • Furthermore, financial institutions could also prevent their files from missing by 66%. [2]
  • Almost 81% of esignature business users achieved ROI within a single 12. [2]
  • Interestingly, around 25% of the users achieved ROI in three months or even earlier. [2]
  • A mobile web browser is a preferred device for opening almost 30% of all agreements. [2]
  • Almost 45% of organizations all over the world implement the twofactor authentication method for verifying e. [2]
  • Available to download in PNG, PDF, XLS format 33% off until Jun 30th. [11]
  • According to research published by PEW Research, more than 71% of Americans were working from their homes in December 2020. [3]
  • According to a report published by Adobe, their digital signature tools segment experienced more than 53% increase in sales revenue in the year 2019 2020 alone Digital Signature Market By Deployment Model. [3]
  • For instance, according to a survey conducted by Global Workplace Analytics in 2021, more than 56% of employees in the U.S. were working from their homes by the end of 2020. [3]
  • For instance, according to a report published by Adobe in 2020, more than 61% of Adobe’s clientele in the APAC regions were millennials in the year 2019. [3]
  • Europe would exhibit the highest CAGR of 34.2% during 2021. [3]
  • About 48% do so to drive traffic to their company website, while 34% use their signature to increase lead generation. [4]
  • Nearly 28% said that they have issues tracking performance, and 16% find it difficult to set key performance indicators. [4]
  • 80% of fortune 2000 companies rely on our research to identify new revenue sources. [6]
  • You are left with a positive side only, which is an opportunity to advertise your content and increase brand awareness with a 34100% returnon. [12]
  • It is expected to reach $24.21 billion by 2028, growing at a Compound Annual Growth Rate of 31.65% from 2021 to 2028. [8]

I know you want to use E-Signature Software, thus we made this list of best E-Signature Software. We also wrote about how to learn E-Signature Software and how to install E-Signature Software. Recently we wrote how to uninstall E-Signature Software for newbie users. Don’t forgot to check latest E-Signature statistics of 2022.

Reference


  1. msbdocs – https://msbdocs.com/10-surprising-stats-about-esignatures/.
  2. medium – https://medium.com/@msbdocs/10-surprising-stats-about-esignatures-c195b4efaf7.
  3. lunarpen – https://lunarpen.com/blog/tag/electronic-signature-statistics/.
  4. alliedmarketresearch – https://www.alliedmarketresearch.com/digital-signature-market.
  5. komarketing – https://komarketing.com/industry-news/report-82-of-email-marketers-use-signature-to-boost-brand-awareness-4297/.
  6. templafy – https://www.templafy.com/blog/how-many-emails-are-sent-every-day-top-email-statistics-your-business-needs-to-know/.
  7. marketsandmarkets – https://www.marketsandmarkets.com/Market-Reports/digital-signature-market-177504698.html.
  8. wordstream – https://www.wordstream.com/blog/ws/2021/01/21/email-signature-examples-and-trends.
  9. profaceoff – https://www.profaceoff.com/digital-signature-market-share/.
  10. financesonline – https://financesonline.com/25-essential-e-signature-statistics-analysis-of-trends-data-and-market-share/.
  11. srscomputing – https://www.srscomputing.com/what-e-signatures-do-for-your-customers-experience-your-bottom-line-statistics.
  12. statista – https://www.statista.com/statistics/1264525/signature-verification-market-growth-forecast/.
  13. smartinsights – https://www.smartinsights.com/email-marketing/email-signatures-that-drive-conversions/.

In Conclusion

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