China Digital Signature Market Tracking Report Size, Share & Industry Analysis, By Offering (Public Cloud Software, Software License, and Software Maintenance), By Enterprise Type (Enterprises/Businesses and Government Entities), By End Use (Legal Services, BFSI, Healthcare, Real Estate, Education, Manufacturing, and Cross-Border Trade), and Country Forecast, 2025 – 2032

The China digital signature market tracking report size was valued at USD 220.00 million in 2024. The market is projected to grow from USD 276.70 million in 2025 to USD 1,501.90 million by 2032, exhibiting a CAGR of 23.40% during the forecast period.

A digital signature uses cryptographic technology to create a digital certificate that verifies the authenticity and integrity of an electronic document. It is a secure, encrypted, and legally recognized method of signing documents electronically, which confirms that the signer’s identity and the document has not been altered.

The Chinese government is increasingly focusing on the development of the digital economy. As part of this initiative, it plans to expand the adoption of electronic signature solutions across sectors such as transportation, finance, human resources, and real estate. This trend is gaining momentum and is likely to boost market growth.

The market is dominated by established players, such as eSign, Qiyue Suo, Shang Shang Qian (BestSign), FaDaDa, and Tencent E-Sign. These companies are focusing on new product launches and investment in R&D activity to expand their product portfolio.

• For instance, in September 2024, eSign was recognized among the top 500 Chinese enterprises. It has served digital signing and blockchain services to more than 200 of China's top 500 companies, underscoring its strong technical capabilities.

IMPACT OF GENERATIVE AI

Increasing Popularity of AI-powered Electronic Signature Tool Among Users Fuels Market Growth

The integration of generative AI into China’s electronic signature market is emerging as a key trend, with advancements in automation, identity verification, fraud prevention, and user experience. While still in its early stages, the adoption of generative AI is gaining momentum across the public and private sectors, fueled by the government’s push for digitization and secure e-governance.

Within digital signature platforms, AI models are increasingly being used to simulate, detect, and flag deepfake attempts or fraudulent ID documents in real-time. These systems also support biometric verification methods, such as facial recognition and voice authentication, which are becoming increasingly integral components of digital signing platforms in China.

• For instance, a Shenzhen-based fintech startup has integrated generative AI with advanced real-time facial recognition technology to verify the identity of users applying for digital loans. During the signing process, the AI analyzes facial movements and voice patterns to ensure the signer’s authenticity.

MARKET DYNAMICS

Market Drivers

With Legal Support and Policy Promotion, China’s Electronic Signature Market Gains Momentum

China recognizes and supports the use of electronic signatures through the Electronic Signature Law (ESL), which was enacted in 2004 and later amended. The Electronic Signature Law (ESL) ensures that data messages and electronic signatures are legally binding, providing a solid legal framework for their use. The government is actively promoting the adoption of electronic signature, particularly in e-government services.

Key aspects of China's electronic signature law:

• Government Support: The Chinese government strongly encourages the use of electronic signatures and has implemented various measures to promote their widespread adoption.

The growing adoption of digital signature solutions across various industries also plays a vital role in fueling the China digital signature market tracking report growth. For instance,

• In December 2023, eSign invested approximately USD 11.2 million in PowerLaw Intelligence, an Artificial Intelligence (AI) technology provider company for smart contract management. Through this investment, the company would deploy its eSignbao product, enabled with an AI contract management feature.

Market Restraints

Network Inconsistency and Lack of Communication Infrastructure May Hinder Market Growth

Chinese law generally does not identify foreign digital signature services such as “DocuSign”. Only electronic signatures from government-approved service providers are considered legally valid. While electronic signatures can carry the same legal effect as wet signatures under Chinese law, wet signatures are still regarded as the safest option for legal enforcement.

• According to “Harris Sliwoski LLP”, while China’s electronic signature law permits the legal use of digital signatures, many companies still prefer to use traditional "wet signatures" (physical signatures on paper) for legal documents and other contracts.

Thus, this preference can create a hurdle for the adoption of digital signatures and restrict market growth in China.

Market Opportunities

Growing Adoption of Innovative Technologies to Create Lucrative Opportunities for Market Players

The adoption of AI technology in electronic signature software significantly enhances biometric authentication processes, such as facial and voice recognition by improving accuracy and fraud resistance, especially in remote work and digital signing scenarios.

• According to industry experts, China is anticipated to invest more than double its investment in AI, reaching approximately USD 27 billion by 2026. A majority of this investment is directed toward the hardware sector.

Further, Blockchain enables smart contracts that automatically execute actions when certain conditions are met, such as payment release or delivery confirmation. This reduces the need for intermediaries and speeds up the entire document signing and validation process. By removing the reliance on manual verification or paper-based records, blockchain also cuts down administrative costs and processing time.

As a result, the integration of these technologies is creating a favorable environment for the electronic signature market in China, offering lucrative opportunities for market expansion.

Digital Signature Market Tracking Report Trends

Digital Transformation to Fuel Market Growth

China’s rapid digital transformation across key industries, including government, finance, healthcare, and education, has contributed to the growth of digital signature software. The Chinese government is digitizing services from business registration to tax filing, all of which require secure, authenticated interactions between citizens, businesses, and government agencies. For instance,

• China’s eID (electronic ID) initiative enables individuals to authenticate their identity online using a certified digital signature, ensuring security and legal compliance.

The broader digital acceleration in China, driven by technologies such as cloud and Blockchain has created a significant trend for the adoption of digital signatures in China. These technologies are becoming essential for secure digital transformation. China’s commitment to this shift is boosting efficiency and reinforcing data security, legal validity, and trust in the digital economy.

Segmentation Analysis

By Offering

Rising Popularity of Pay-As-You-Go Pricing Model Boosted Public Cloud Software Offering

Based on offering, the market is divided into public cloud software, software license, and software maintenance.

The public cloud software segment accounted for the largest China digital signature market tracking report share in 2024, as it offers a pay-as-you-go pricing model, which makes it attractive for SMEs and startups. This model helps businesses to launch services quickly from any remote location. Furthermore, public cloud software is compatible with various technologies, such as AI, Blockchain, and big data analytics and they support mobile-first approaches, enabling remote signing via apps and browsers.

Software license is anticipated to grow at the highest CAGR during the forecast period, driven by the rising demand for large enterprises, the BFSI sector, and government entities in China. These organizations prefer licensed software as it provides full control over data storage and access. Additionally, they are easy to implement with companies following high-security IT infrastructure requirements.

The hardware segment is expected to capture 47.6% of the market share in 2025.

By Enterprise Type

Surging Demand for Fraud Prevention and Improved Security Encouraged the Businesses/enterprises Segment Growth

Based on enterprise type, the market is bifurcated into enterprises/businesses (large enterprises and SMEs) and government entities.

Enterprises/businesses captured the largest market share in 2024. The presence of advanced encryption and authentication features in electronic signature platforms enhances security and reduces fraud risks in business/enterprise contracts and deals. Additionally, electronic signature software would enable businesses/enterprises to invest the money they save in order to help their businesses grow larger and more successful. Enterprises/businesses are estimated to capture 78% of the market share in 2025.

Government entities are expected to grow at the highest CAGR of 29.40% during the forecast period (2025-2032). Government officials are increasingly using digital signing platforms to secure emails and other forms of electronic communications. Its platforms ensure authenticity and confidentiality, which further boosts segment growth.

By End Use

Increasing Demand for Faster Transaction Times Boosted BFSI Segment Growth

Based on end-use, the market is categorized into legal services, BFSI, healthcare, real estate, education, manufacturing, and cross-border trade.

The BFSI (banking, financial services, and insurance) segment accounted for the largest market share in 2024. Banking institutions are increasingly adopting cloud-hosted electronic signature platforms owing to their lower upfront costs, rapid feature updates, and seamless scalability. These platforms help reduce paperwork, accelerate transaction times, and lower operational costs, which is important for the BFSI sector to handle a large volume of agreements. This segment is anticipated to hit 26% of the market share in 2025.

Healthcare is anticipated to grow at the highest CAGR of 30.20% during the forecast period (2025-2032). Many hospitals in the country are now integrating e-signing devices and modules directly into their Hospital Information Systems (HIS) and Electronic Health Record (EHR) platforms. This integration enables hospital staff to scan documents, update patient records, and manage consent workflows seamlessly within existing software.

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Competitive Landscape

KEY INDUSTRY PLAYERS

Key Market Players Are Focusing on Partnership and Acquisition Strategies to Expand Their Customer Base

Key players are expanding their geographical presence by offering industry-specific services. Major players are strategically focusing on acquisitions and collaborations with Chinese players to maintain their dominance across the country. Top market participants are launching new solutions to increase their consumer base. An increase in constant R&D investments for product innovations is enhancing market expansion. Hence, top companies are rapidly adopting these strategic initiatives to sustain competitiveness in the evolving market landscape.

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eSign, Qiyue Suo, Shang Shang Qian (BestSign), FaDaDa, and Tencent E-Sign are the largest players in the market. The China digital signature market tracking report is consolidated, with the top 5 players accounting for around 67% of the market share. Among the top 5 players, eSign dominated the market by capturing (34%-35%) market share in China.

List of Digital Signature Market Tracking Report Companies in China:

• eSign (Hangzhou Tiangu Information Technology Co., Ltd.) (China)
• Qiyue Suo (Shanghai Genyan Network Technology Co. Ltd.) (China)
• Shang Shang Qian (BestSign) (Hangzhou Shangshangqian Network Technology Co., Ltd.) (China)
• FaDaDa (Shenzhen FaDaDa Network Technology Co., Ltd.) (China)
• Tencent E-Sign (China)
• Da Hong Qian (China)
• Ai Qian (China)
• Yun Qian Zhang (China)
• Me Sign (China)
• Foxit Software (China)

       ….and more

KEY INDUSTRY DEVELOPMENTS:

January 2025: The Contract Lock electronic signature solution enabled Northeast Normal University to complete a full-stack localization transformation, covering the operating system, CPU, database, and middleware. It also supported the signing of national secret algorithms such as SM2/SM3/SM4, enhancing compliance and security.

July 2024: The “Starry Sky Flagship Edition", an integrated electronic signature, was launched as a collaboration between Kingdee Cloud Starry Sky Flagship Edition and FaDaDa. This solution aims to serve a broad range of industries such as finance, automobiles, medical care, manufacturing, transportation and warehousing, financial leasing, construction, consumer goods retail, and real estate.

July 2023: Zhejiang Dahua Technology Co., Ltd partnered with Shangshangqian to implement electronic signatures for corporate logistics. This initiative supports the sector’s shift toward low-carbon and digital operations, accelerating value and efficiency transformation.

April 2023: Shangshangqian launched the industry's first exclusive AI product, "Hubble“. Hubble helps customers to summarize the contents of the contract during initialization.

September 2021: eSign completed the first E-round financing with an amount of USD 185.5 million (1.2 billion yuan) in China's electronic signature industry. In the same month, the company acquired Jinge Technology.

INVESTMENT ANALYSIS AND OPPORTUNITIES

Key players operating in the market, such as eSign, Qiyue Suo, Shang Shang Qian (BestSign), FaDaDa, and Tencent E-Sign, aim to expand their businesses by integrating novel technologies in their electronic signature services. For instance,

• FaDaDa has focused on the integration of blockchain technology into its electronic signature services to enhance security and credibility. It also connects with judicial bodies, including online arbitration institutions and courts that facilitate online dispute resolution.
• eSign's platform is also integrated with various government services, facilitating electronic signatures for official documents and enhancing administrative efficiency.

Additionally, funding rounds focused on technology enhancements indicate investor confidence in the sector’s innovation potential. For instance,

• March 2021, FaDaDA, a China-based electronic signature provider company, raised USD 138 million in a series D round from ZWC Partners, Tencent E-Sign, and Centurium Capital. Through this funding, FaDaDa aims to expand its business in China.

REPORT COVERAGE

The report provides a detailed analysis of the market and focuses on key aspects such as leading companies, service types, and leading applications of the product. Besides, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

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REPORT SCOPE & SEGMENTATION