An Insider’s View on How the Pandemic Maximized eSignature Growth | HackerNoon

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'An Insider’s View on How the Pandemic Maximized eSignature Growth' esignature electronicsignatures

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The global electronic signature market will grow from USD 4.0 billion in 2021 to USD 16.8 billion in 2026 at a compound annual growth rate of 33.1% during this forecast period. E-Signature is a technology that makes it easy to sign documents digitally or collect signatures from anyone and at any time. The business world, in particular, is turning increasingly paperless by offering a quick way of executing documents.

The challenges introduced by the pandemic created a high surge in the use of online signatures as companies found a way to maintain this important function. This is a process that requires invoices, proposals, quotes, and other agreements as well. The use of electronic signatures has enabled the sales team to be focused on following up with leads while not worrying about documentation.Businesses constantly need to hire professionals for different services. Sometimes it is the completion of a project, and at other times it is the delivery of goods.

The pandemic made it difficult for human resource managers to hire professionals to fill vacancies. In addition, the on-boarding process was even more difficult as it required sending offer letters, agreements, and policy documents, etc. The enhanced operational efficiency is likely to reduce costs while positively impacting the growth of the market.

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