![]() ![]() North America is expected to dominate the global digital transaction management market, with a revenue share of over 33.5%. What will be the market outlook in North America? Moreover, digital transaction management solutions that provide content analytics capabilities can also eliminate redundant data entry for businesses. The adoption of cloud-based file management and document storage can lay the foundation for paperless documentation.įurthermore, document capture, indexing, access control, secure sharing and archiving, integration, search, and retrieval capabilities, as well as encryption and backup capabilities are considered essential components for document management systems. High Uptake of Cloud-based services will call for growthĬloud-based services are expected to become more prevalent across the globe over the forecast period, generating growth opportunities. Business transactions are increasingly using electronic signatures, which bodes well for the market's growth during the forecast period, expand over 9x. DTM therefore enables smoother and quicker transaction processing. ![]() Furthermore, most companies are introducing QES (Qualified Electronic Signature) to ensure the highest level of security for their digital transactions. In the DTM system, documents are transferred and certified electronically, along with electronic signatures. Several reputed banks are implementing digital solutions to increase transaction flexibility. It is expected that DTM solutions will gain traction across a variety of industries and industry verticals. The worldwide focus of businesses is on paperless approvals for funding transactions as well as guarantee issuances. Organizations and people around the world have had to adapt to new ways of doing business and living. In the wake of the COVID-19 pandemic and global lockdown, electronic technologies have seen an unavoidable upsurge in use. The growing demand for Digital Transaction Management (DTM) solutions could be due to an improving customer experience and a reduction in transaction times, thereby stimulating the market during the forecast period.įor Critical Insights on This Market, Request a Sample Report All over the world, companies are looking to adopt efficient and seamless business methods, which can be applied wherever they are located. Growth in this market is mainly due to a paradigm shift to workflow automation across a wide range of industries and various verticals. The demand for Digital Transaction Management Software is expected to rise over the forecast period and the market is projected to gain a global market size worth of US$ 10.01 Bn by the end of 2022. The market is expected to reach US$ 93.25 Bn by the end of 2032. 09, 2022 (GLOBE NEWSWIRE) - According to a recently published Fact.MR report, the global Digital Transaction Management Software market is projected to grow at a compound annual rate (CAGR) of 25% between 20.
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