The global signature verification market should see steady growth over the next few years, according to a new report from TechNavio. Between 2014 and 2019, the market should see a CAGR of 8.94 percent, the research firm says.
According to a report synopsis, demand for more advanced authentication on mobile devices such as the kind offered by biometric technology has helped to spur other innovations in mobile touchscreens, which in turn has “enabled the availability of dynamic signature verification in smartphones.” There is also rising demand for digital signature verification in the healthcare sector, where evolving HIPAA regulations are a driving force. More generally, concerns about data theft and fraud are further helping to push market growth for digital signature verification.
Of course, there are obstacles to overcome, and as with so many other emerging digital technologies, perceptions around privacy issues remain a sticking point. Still, demand is on the rise, and as other forms of digital authentication become increasingly prominent, it seems fair to expect that digital signatures will also come to be more widely accepted and prominent in healthcare, banking, and various other sectors.
(Originally posted on FindBiometrics)