On December 26, it was reported that 2 Recently, IDC, the world's leading IT market research and consulting company, released the "China Electronic Signature Software (Local Deployment and SaaS Mode) Market Tracking Report, 2023H1", which analyzed in detail the market development of China's electronic signature in the first half of 2023, as well as released the market share data of various manufacturers. According to the report, the market size of eSignbot in H1 in 2023 will still maintain a leading position, and in terms of overall market share, eSignbot will take 32The market share of 9% ranks first, far exceeding other electronic signature vendors, and the two major deployment models of local and public cloud also rank first in the market.
e-sign treasure to 329% of the market share ranks first
According to IDC's research data, the size of China's electronic signature software market in the first half of 2023 will be about 46.4 million US dollars, a year-on-year increase of 172%。Compared with the previous two years, the slowdown is mainly due to the global environment, which has also led to more cautious management of IT budgets. However, at the same time, with the active development of digital transformation, the application of electronic signature solutions is more extensive, and the perception of electronic signatures by enterprise organizations, government service systems, and individual users is becoming stronger and stronger, which will bring more growth opportunities to the market.
IDC's survey results show that in terms of overall market share, eSignbot will be 323% of the market share ranks first.
In the first half of 2023, E signed with 329% of the market share ranks firstThe second is 175%；The third has a market share of 171%。
In the first half of 2023, eSignbot will hold a strategic press conference for information and innovation partners in Beijing, and jointly release product adaptation certificates with representatives of 19 information and innovation enterprises such as Kirin, UnionTech, Feiteng, Dameng, and Kingdee Tianyan, and release a mature Xinchuang electronic signature solution. At the same time, in April, it launched a variety of products such as "unified seal platform" and "new generation of smart contract", which solved the problem of inefficient seal management and the island of the signature system of large enterprises, as well as met the needs of small and medium-sized enterprises in contract management. Comprehensively promote the digital construction of enterprises and enterprises, accelerate the collaboration of all industries, and help digital China.
eSignPal ranks first in the market share of the two major deployment modes of electronic signature products
According to IDC's research and analysis, there are two modes of public cloud and on-premise deployment in China's electronic signature products, and the growth rate of public cloud has been higher than that of on-premise deployment. From the perspective of data analysis, in the local deployment model market, the market is mainly concentrated in the top two manufacturers, accounting for a total of 785% market share. Among them, the e-signature treasure is 40No. 1 in the market share of 2%, the on-premise product enables integrated management of seals, and features include rapid deployment, high availability, and strong data privacy protection, while providing enterprise-grade security. At present, it has completed the mainstream localization adaptation and provides comprehensive localization solutions for enterprises.
In comparison, the market share of the top three players in the public cloud market is 585%, relatively dispersed. e-sign treasure to 301 ranked first in terms of market share. Partnered with DingTalk to launch a "new generation of smart contracts", designed for small and medium-sized enterprises, combining AI technology and DingTalk's digital office platform to optimize contract management and data analysis. Launched an integrated electronic contract cloud platform for medium-sized enterprises, integrating the contract process with business systems and providing out-of-the-box services.
serviceThe three major industries of finance and the Internet have become the main income of electronic signing**
The services, finance, internet, and manufacturing industries are reported to account for more than half of the eSignature market's revenue. In the first half of 2023, the top three industries in services, finance, and internet accounted for 46% of the total market share1%。
In the three major industries of service, finance and Internet, eSignPal's electronic contract cloud platform for signing and management integration is favored by the market, and the integrated solution of "signing + management" provided by eSignBao covers multiple links such as contract drafting, document template, contract approval, contract signing and contract management. Users can complete the entire signing and management process on one platform, meeting the needs of electronic contracts in different scenarios and businesses, and improving the consistency and convenience of the workflow. At the same time, eSignPal has developed its own AI capabilities and implemented a number of applications, such as contract text analysis, contract information extraction, contract risk early warning, contract template filling, and contract text comparison, providing a more efficient, secure and intelligent electronic signature intelligent solution to meet the changing needs of customers, further improve business efficiency and reduce contract signing risks. Expand the advantage with other manufacturers.
Caption: Introduction to the electronic contract cloud platform for signing and management.
In 2023, eSignPal will innovate in various aspects of products and solutions with customers as the center, focusing on the concept of "customer-centric", starting from customer needs, truly helping users solve the pain points of contract signing, and empowering the digital transformation of enterprises.
eSignPal will, as always, stay true to its original intention, continue to provide users with high-quality products and services, lead the development of China's electronic signature market, and help more enterprise organizations and government service systems to collaborate digitally and efficiently.