| Press Release
At 35.28% CAGR, Digital Transaction Management Market Size Expected to Reach 13729.7 Mn by 2025 by Brandessence Market Research
Pune, India , Dec. 16, 2020 (GLOBE NEWSWIRE) -- The global
demand for digital transaction management market, in terms of revenue, was worth of USD 1553.4 Million in 2019 and is expected to reach USD 13729.7 Million in 2025, growing at a digital transaction management CAGR of 35.28% from 2019 to 2025.
Digital transaction management (DTM) is growing as a category as businesses digitally transform. It is the process of managing routine documented-based tasks through electronic methods. Digital payment is a way of payment in which payer and payee both use digital modes to send and receive money. It is a cloud-based services designed to digitally manage document-based transaction. It is a seamless system involving one or more participants where transaction is effected without the need for cash. Its capabilities have shifted from basic functions like e-Signatures and eliminating paper to more advanced DTM like workflow and content automation. It takes the processes many businesses have traditionally conducted on paper like, proposals, contracts, forms, data assembly and agreements. It key advantage is to managing user documents and document-based tasks through digital channels business process streamlining, Government agencies, non-profits, enterprises and others.