E-Signature Statistics 2023 – Everything You Need to Know

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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 2023.

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 2023.

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/.

How Useful is E Signature

When it comes to e-signatures, one of the most significant benefits is the efficiency they offer. With the accelerated pace of business transactions and communication today, it becomes paramount to minimize the time spent on even the most routine administrative tasks. E-signatures eliminate the logistical nightmares associated with printing, signing, scanning, and sending documents. Collaborators from different parts of the world can now effortlessly sign and endorse a document from their own devices. This incredible convenience substantially reduces time and effort, allowing businesses and individuals to focus on their core objectives instead of getting lost in red tape.

Moreover, the reliability and security of e-signatures cannot be overstated. Traditional signatures are far from seamless when it comes to guaranteeing the authenticity and integrity of important documents. It is all too easy for documents to be tampered with or manipulated, raising questions of validity and trust. E-signatures, on the other hand, offer exceptional security features that make forging or altering documents virtually impossible. Advanced encryption and authentication protocols ensure that only legitimate signatories can access and alter the documents. Additionally, e-signatures leave behind a trail of digital fingerprints, allowing for easy traceability and verification. These measures instill confidence in both parties involved and ensure the sanctity of their agreements.

Furthermore, embracing e-signatures is a gateway into an era of sustainability and environmentally conscious practices. In an age where global warming and climate change demand urgent action, reducing paper waste is crucial. The transition to e-signatures significantly minimizes the consumption of paper, thereby preserving forests and reducing carbon emissions. Not only does this help curb the adverse ecological impacts associated with paper production, but it also offers a compelling story for organizations aiming to portray themselves as environmentally responsible.

While productivity, security, and sustainability are undoubtedly important, let us not overlook the transformative potential of incorporating e-signatures in today’s increasingly digital economy. In fields such as finance, healthcare, and legal services, where stringent regulations and compliance are paramount, e-signatures unlock immense possibilities. Organizations no longer need to rely on slow and inefficient paper-based processes to fulfill their legal obligations. Rather, they can streamline complicated workflows and approvals, accelerating the pace at which vital agreements are reached. The ability to seamlessly integrate e-signatures within existing technological infrastructure further amplifies this potential, empowering organizations to leverage the power of automation and artificial intelligence.

In conclusion, it is undeniable that e-signatures have transitioned from novelty to necessity, proving their worth across the board. This progressive technological leap offers unmatched efficiency, robust security, sustainability, and transformative potential. Its ubiquitous application can unlock countless business opportunities and redefine how agreements are reached in the digital era. E-signatures have undoubtedly become an invaluable tool in navigating the complex landscape of contemporary transactions, pioneering a new way forward without the constraints of traditional signatures.

In Conclusion

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