On December 25, eSignbot released a market share report for the first half of 2023, and as expected, it is still the first.
Let's take a look at the market share and revenue changes of eSign.
The following data** refers to the IDC report:
China Electronic Contracting Software Market Share Report, 2019
China's e-signature software market share in 2020
China Electronic Signature Solution Market Share Report, 2021: Policy Protection
China eSignature Software (On-premise and SaaS Mode) Market Tracker, 2022H2 2022
China eSignature Software (On-premise and SaaS Model) Market Tracker, 2023H1
Original Value:
Market share. 2019: 12%.
2020: 122%
2021: 267%
Second half of 2022: 323%
First half of 2023: 329%
eSign's revenue estimate:
Calculate revenue using the formula: annual revenue = annual overall market share * eSignPal overall market share * exchange rate of the month when the report is released.
Since there is only half-year data for 2022 and 2023, it is necessary to simply calculate the number.
It is known that the total market share in 2023H1 is $46.4 million, a year-on-year increase of 172%。The total market share in 2022H1 is $39.59 million.
It is also known that the market share in 2022H2 is 38.41 million US dollars, so the total market share in 2022 is 78 million US dollars. ）
Annual revenue. 2019: 0002.7 billion yuan.
2020: 03.7 billion yuan.
2021: 12.5 billion yuan
2022: 17.9 billion yuan.
The first half of '23: 10.8 billion yuan, the annual revenue of half a year * 2 is calculated = 2$1.6 billion.
Estimation of the growth rate of eSignBao in 5 years:
In 5 years, from the third place in 19 years and 20 years, to today's revenue has increased by 800% and the market share has increased by 174%.
A few questions?
First, the revenue in the first half of the year was only 10.8 billion?
If calculated on a half-year*2 basis, the actual annual revenue is about 200 million, which is not much. I don't know if this revenue can match the valuation of "over 10 billion"?
2. Why is the data so perfect?
If localization decreases by 2%, public cloud increases by 2%, which is too accurate.
Segment market share fluctuates slightly, and the total market share grows forever!
3. Why can't I find the source of the eSignbot citation report?
According to the document issued by eSign, the reference is "Recently released by IDC "China Electronic Signature Software (On-premise and SaaS Mode) Market Tracking Report, 2023H1".
But there is no such report on the Internet, why?
This is not the first time this has happened.
In July 2023, the "China Electronic Signature Software (On-premise and SaaS Mode) Market Tracking Report, 2022H2 2022" cited by eSignbot so far, only eSignbot knows its own market share and has made publicity!
Oh, I see!eSignPal is the "spokesperson" of IDC's electronic signature industry report.