Market Definition:
Digital Transaction Management (DTM) is basically a tool for business process management and is designed todigitally manage documents-based transaction. This tool includedocument transfer and certification, e-signatures, authentication and nonrepudiation, and secures archiving. In addition, it involves various processes that manages electronic transactions and the documents associated with them. DTM involves streamlining business process by keeping document processes digital. It creates an automation for businesses, reduce the overall cost and has a faster turnaround time.
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Market Growth and Analysis:
Growing demand for cloud-based services across the globe, increasing digitalization initiatives in developing regions and growing number of SME’s are some of the drivers that are expected to boost the growth of Digital Transaction Management (DTM) market. Integration of these systems onto the already existing IT infrastructure is expected to hinder the growth of Digital Transaction Management (DTM) market to a certain extent.
Market Segment:
The global Digital Transaction Management (DTM) market can be segmented on the basis of component type, product type, deployment type, application and region. On the basis of component type, the global Digital Transaction Management (DTM) market can be segmented into software and services. The services segment can be further broken down into consulting, integration, managed and maintenance and support services. On the basis of product type, the global digital transaction management market can be segmented into authentication, e-signatures, non-repudiations and workflow automation. On the basis of deployment type, the global Digital Transaction Management (DTM) market can be segmented into on-premise and cloud-based.On the basis ofapplication, the global Digital Transaction Management (DTM) market can be segmented into banking, financial service and insurance (BFSI), healthcare, IT & Telecommunication, tourism,media and entertainment, retail, government and others.
Key Players:
Some of the key players in the global Digital Transaction Management (DTM) market include Oracle Corp., HP Inc., Citrix Systems Inc., DocuSign Inc., Microsoft Corporation, Esignlive, Thinksmart, Kofax, Captricity and Fluix.
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Regional Analysis:
On the basis of region, the global Digital Transaction Management (DTM) market can be segmented into North America, Europe, Middle East & Africa, Asia-Pacific, and Latin America.Currently North America accounts for the largest share of the global Digital Transaction Management (DTM) market and other regions such as Asia-pacific is anticipated to grow at a high CAGR during the forecast period.
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