According toWISEGUY RESEARCH the global digital transaction market is expected to grow approximately at USD 5,552.91 Million by 2023, approx. 25.73% of CAGR between 2017 and 2023.

Key Players

The key players of digital transaction market includes DocuSign Inc. (U.S.), Insight Enterprises, Inc. (U.S.), Namirial Spa (Italy), ThinkSmart (U.S.), AssureSign LLC (U.S.) and others.

Key Findings

• The global digital transaction market is expected to reach USD 5,552.91 Million by 2023.
• By solution, e-signature sub-segment in digital transaction market accounts for the largest market share and is growing with approximately 26.47% CAGR during forecast period.
• By component, hardware sub-segment holds the largest market growing with approximately 23.78% CAGR by the end of forecast period.
• By end user, commercial sub-segment holds the largest market share and is growing with approximately 28.58% CAGR by the end of forecast period.
• Geographically, North America region has been projected to hold the largest market share in global digital transaction market followed by Europe region, while Asia Pacific ranks third in the digital transaction market.

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The Last Jedi

December 15th, 2017

Two years ago Namirial Group acquired xyzmo/SIGNificant, starting its journey to become a Global leader in Digital Transaction Management (see here the original press release).

The announcement was planned to be released the same day of Star Wars episode VII launch in Europe, therefore we prepared an alternative version for the press release linked to this. Then the announcement was moved to the following day and we did not use this alternative take.

Now, two years later, at the same time of Star Wars Episode VIII launch, I think it is the time to publish it. See below and May the Digital be with You

Dec 16th, The Force Awakens: Namirial to Acquire all Assets from xyzmo and SIGNificant to defeat the Paper Emperor

The acquisition of xyzmo/SIGNificant  is a further step in Namirial’s growth strategy in the European Digital Transaction Management (DTM) market

Ansfelden, Austria – Senigallia, Italy, December 16th 2015 – The same day of the European Release of Star Wars: The Force Awakens, Namirial SpA, and SIGNificant Gmbh announce that they have entered an agreement under which Namirial Gmbh, a fully owned subsidiary of Namirial SpA, will acquire all assets of xyzmo Software Gmbh and SIGNificant Gmbh. There is one goal: to defeat the Paper Emperor.

Both Namirial and xyzmo/SIGNificant focus on addressing the fast-growing business needs of organizations conducting secure digital transactions.Forrester Research reported recently a 53% average annual growth in the use of e-signatures since 2012 with the number of transactions settled using e-signatures topping 210 million and likely to reach more than 700 million in 2017. Furthermore, a new Regulation of the European Parliament and of the Council on electronic identification and trust services (eIDAS) standardize and promote e-signature adoption across the Galaxy.

With the combination of Namirial and xyzmo/ SIGNificant platforms, the Company can now provide an omnichannel DTM solution legally compliant throughout the European Union that allows its clients to conduct business transactionsanywhere, anytime and on any device and help companies transitioning to fully digital processes.

Gerald Cäsar, founder, and CEO of SIGNificant will continue as Managing Director of Namirial Gmbh. He remarked: “The e-signature market is consolidating heavily. This market dynamic cannot be ignored and there is a clear need for a strong European based player, which is now addressed by Namirial.

“This acquisition will widen and strengthen the combined arm.. xyzmo/SIGNificant signature solutions are an ideal complement to Namirial e-signature and digital certificate business. We see this transaction as a perfect strategic fit and as an engine for growth,” added Luigi Tomasini, CEO of Namirial Gmbh  )

Claudio Gabellini and Enrico Giacomelli, founders and owners of Namirial added: “We founded Namirial in 2000 with a vision to offer services and products to help clients to better face the new challenging digital world. Since then we have invested in emerging business opportunities that propelled the company to exponential growth. We see this agreement not only as a keystone to exploit the DTM market opportunity but also as a way to get access to the European market through xyzmo/SIGNificant partners and resellers network.

A final remark from Dart Paper, retired executive assistant of the Paper Emperor: “We decided to announce this agreement on the day of the launch in Europe of Star Wars: The Force Awakens, since we believe that the combined company will succeed in definitively defeating the Paper Emperor”

May the Digital be with you

Enabling Digital Transformation

December 12th, 2017

Digital Transformation is one of today top three initiatives of CxOs in any industry.  Their priority is on leveraging the changes and opportunities of digital technologies and their impact across society to implement a profound and accelerating transformation of business processes.

Digital transformation is not just technology alone; however, technology adoption is often the direct cause of transformation, or at least an enabler.

A simple way to start a Digital Transformation journey goes through the digitalization of business transactions, which, with all the paperwork and signatures required by processes have been the last mile till now.

The capability of conducting fully digital transactions, which includes legally compliant electronic signatures, managing and tracking the flow of documents, conducting secure transactions and guaranteeing secure storage of data, is the real enabler of digital transformation.

We have recently seen the rise of Digital Transaction Management (DTM) as a fast-growing product category that promises to help companies being green and smart by going paperless. Embracing DTM is allowing companies in any industry to accelerate revenue by shortening the transaction lifecycle, driving efficiency by eliminating all the paper printing, delivery, and management costs and promote their corporate and social responsibility by reducing their carbon footprint.

DTM is often seen as the one-size-fits-all solution to the digitalization of business transaction. I believe, however, that DTM should provide different models, sizes, and colors to fit the customer use case and context, the country-specific regulations (including the type of electronic signature, privacy, and the long-term archiving requirements), the delivery model (on-premises, cloud, hybrid) and the user experience.

See also my post on LinkedIn

Antonio Taurisano – General Manager, DTM@Namirial Group

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