e-Signature storm is growing

e-Signature, that has been used for 30 years in the world and 16 years in Turkey, makes life easier for businesses and individuals. In recent years, the global e-signature market has also been growing rapidly with factors such as the development of online documentation processes, regulations regulating the e-signature market, workflow efficiency, supply chain improvements and increased security demand. In the research carried out by Statista, it is pointed out that the market has grown approximately 10 times in the past 5 years. Thus, the e-signature market reached 754 million USD from 89 million USD between 2012 and 2017. According to the research, by 2023, this market is expected to grow 34.7% annually on average worldwide.

Announced by BTK “Market Data” report reveals the existence of a similar growth trend in Turkey. According to the report, the utilization rate of e-signature increased by 205% in Turkey in the last five years. e-Guvent General Manager Can Orhun said: “Increasing awareness and regulations have a major impact on the growth in the e-signature market. But the growth is based on the benefits that e-signatures and mobile signatures provide to organizations, individuals, security, savings, speed, business continuity and ability to do business or transactions independent of time and space.”