With the deepening of China's digital economy strategy, the application of digital information technology has penetrated rapidly. Since 20 19, the State Council Ministry of Finance, General Administration of Customs, Ministry of Transport, Ministry of Human Resources and Social Security and other government departments have successively issued documents to strengthen the application of electronic signature technology. The application of electronic signature in government departments is an inevitable trend of the digital reform of government affairs, which has played a powerful role in guiding and boosting the penetration of electronic signature in social and economic fields. Under the demonstration effect strongly promoted by government departments, the electronic signature market will usher in an explosive period of strong demand.
2. Electronic signature technology is becoming more and more mature, empowering enterprises in many aspects.
With the mature development of technology, the electronic signature platform has expanded from a single signing tool to all aspects of contract signing, management and legal services, empowering enterprises in many ways.
The whole service process of electronic signature platform includes real-name authentication, contract drafting, online approval, contract management, contract management, performance reminder, legal support, evidence chain preservation and so on. With the increase of service content of electronic signature platform, the dependence of enterprises on electronic signature platform will continue to deepen.
3. Data security is valued, and the platform qualification evaluation should be upgraded.
With the mature development of digital economy, enterprises pay more and more attention to data information security. Electronic signature platform mainly provides full-cycle services for enterprises, and enterprises will increasingly consider the qualification, technology and neutrality of the platform. For platforms lacking relevant capabilities and qualifications, this will be a major problem to be overcome in the future.
4. The scale of electronic contract signing is growing rapidly, and the future is expected.
In 20 19, the number of electronic contracts signed in China was about 27.9 billion, with a year-on-year growth rate of 3 17%. With the deepening of government information reform, the electronic signature industry will continue to benefit, and the scale of electronic contract signing is expected to continue to grow. In 2020, the scale of electronic contract signing is expected to reach 50 billion times.
Under the impact of the COVID-19 epidemic in 2020, more and more enterprises will transfer their business to the Internet and try to use various enterprise software tools, which will play a powerful role in helping the market education of electronic signature services. The continuous blessing of policy dividends and the great improvement of market awareness will accelerate the penetration of electronic signature services, and the growth potential of the industry will gradually emerge.
The comprehensive penetration of the Internet in the fields of life and production will continuously strengthen the social awareness of information security. Especially in the enterprise market, the signing of contracts involves important business information of enterprises, and the security of signature, information transmission and information storage all affects the nerves of enterprise operators. Whether in the stock market or incremental market of electronic signature industry, users' assessment standards for manufacturers' compliance and security capabilities will become more stringent. With the increase in the number of users and frequency of use, the security challenges faced by manufacturers will also escalate, and the future compliance and security capabilities will become the core barriers for manufacturers.
The electronic signature market has a strong network effect, which is limited by the small market scale at the beginning and the network effect is not obvious. With the improvement of market awareness and acceptance, the application of electronic signature will accelerate, and the network effect of manufacturers' stock users is expected to be extended and released.
With the blessing of emerging technologies, electronic signature services are expanding from single-point signing to contract drafting, contract management, legal services and other fields, and the market incremental space is gradually opening up.