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Digital Transaction Management (DTM) Market Research Report – Forecast 2018 – 2028

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Global Digital Transaction Management (DTM) Market: Overview

The global digital transaction management (DTM) market is set to rise at a double digit CAGR in the next couple of years. This is because of the ability of the product to better efficiency and speed of work. Growing penetration of the internet and surging uptake of digital payment modes is also expected to have a positive impact on the market. In fact, most of the growth in the global digital transaction management (DTM) market is being fuelled by the swiftly developing nations in Asia Pacific and Latin America.

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Some of the key solutions in the global digital transaction management (DTM) market are document archival, workflow automation, authentication, and e-signature. Among them, e-signature is set to see maximum uptake in the next couple of years. This is because of the rising need for authenticating and verifying online transactions.

Global Digital Transaction Management (DTM) Market: Drivers and Restraints

Digital transaction management (DTM) is an upcoming type of cloud service meant to manage document transfers. In the near term, the global digital transaction management (DTM) market is predicted to rise with the surging sales of smartphones and various other smart devices. Seamless internet connectivity is expected to boost the market as well.

The increasing adoption of cloud based services and strict IT security frameworks is having a positive impact on the global digital transaction management (DTM) market. Posing a challenge to the market, on the other hand, is the threat of cyber-attack and digital fraudulence.

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Global Digital Transaction Management (DTM) Market: Trends and Opportunities

The global digital transaction management (DTM) market is set to rise in the next couple of years on the back of demand from end use sectors such as healthcare, government, commercial, retail, banking, financial services, and insurance (BFSI), and IT and telecom. Of these, the commercial segment is projected to create most of the demand in the market.

Global Digital Transaction Management (DTM) Market: Regional Analysis

When it comes to geographical segmentation, the global digital transaction management (DTM) market is led by North America. This is because of the high uptake of cloud services in technologically advanced nations of the U.S. and Canada. Other promising regions include Europe and Asia Pacific. The demand in the Europe digital transaction management (DTM) market is mainly being bolstered by rising automation and the booming ecommerce sector. The market in the region is mainly being powered by Germany and the UK. Meanwhile, Asia Pacific digital transaction management (DTM) market is being buoyed by the mushrooming small and medium sized organizations in India and China.

Global Digital Transaction Management (DTM) Market: Competitive Landscape 

Prominent participants in the global digital transaction management (DTM) market are EuroNoVate, Assuresign, Namirial Spa, eOriginal, eSignLive, DocuSign Inc., and ThinkSmart.

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About TMR Research

TMR Research is a premier provider of customized market research and consulting services to business entities keen on succeeding in today’s supercharged economic climate. Armed with an experienced, dedicated, and dynamic team of analysts, we are redefining the way our clients’ conduct business by providing them with authoritative and trusted research studies in tune with the latest methodologies and market trends.

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