E-Notary Software Market Size

E-Notary Software Market size is poised to reach USD 1 Billion by the end of 2036, growing at a CAGR of 10% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of E-Notary software was USD 220 Million. The reason behind the growth is due to the growing adoption of e-signature across the globe. Businesses all over the world have greatly accelerated the use of e-signatures as they offer a wide range of features and benefits that improve business processes in terms of convenience, and effectiveness, and help to improve performance by streamlining business procedures. Moreover, eSignatures have contributed to over 87% increase in employee communication and around 89% reduction in project length.

For instance, in just five years, the number of electronic signature transactions worldwide has increased from around 88 million to more than 750 million.

The growing advancements in e-signature technology are believed to fuel the E-Notary software market growth. For instance, the use of artificial intelligence, or AI, has increased across electronic signatures which helps in fixing any mistakes in a signature that can give rise to a forgery claim, lowers the possibility of fraud, assists in the process of signature verification, and can assist in verifying the signatories' identities by utilizing facial recognition software to increase the signing process's effectiveness safely.