Analyst firm’s Vendor Assessment for eSignature solutions highlights Nitro’s commitment to innovation, advanced eSigning capabilities and customer support.
We are excited to announce that Nitro has been named a Leader in the IDC MarketScape: Worldwide eSignature Software 2023 Vendor Assessment.
We believe this recognition is a testament to the achievements of our employees, partners and customers around the world. As more organizations look to transform their document experience, Nitro’s PDF & eSign solution helps over 3 million licensed users, including 67% of the Fortune 500, reach their digitalization goals.
Read on for an executive summary of key highlights and takeaways from IDC's assessment.
The IDC MarketScape shares some of the reasons Nitro was named a Leader including:
- Nitro offers a full range of deployment choices, from on premises to private and public cloud setups. Nitro's delivery architecture also facilitates white-label branding and extends to an as-a-service model for third-party solutions.
- Nitro's eSignature solution is part of a full suite of PDF creation, editing, document automation and analytics tools.
- Nitro helps support its customers' sustainability goals by providing data on CO2 emissions, paper saved,and energy saved on an account basis.
eSignature Market Trends
As modern businesses undergo digital transformation, they need reliable eSign software to help them achieve their goals.
eSignatures have become a critical tool for organizations to manage their digital document workflows. That’s no surprise, considering the range of benefits they offer, such as time and cost savings, high security and greater employee, supplier, partner and customer experiences.
According to the IDC MarketScape, “Organizations of all sizes looking for an enterprise-grade signing solution integrated with a full-featured PDF suite should consider Nitro. Customers are backed by global support with implementation and change management assistance. Nitro continues to innovate, including plans to add additional AI-enabled capabilities.”
86% of IT decision makers said they had invested in eSignature software in the past year and 85% have plans to do so over the next 12-18 months, according to IDC's 2023 State of Content Services Survey,
The IDC MarketScape assessment also notes numerous growth trends in the eSign space, such as:
- An increasing number of eSignature capabilities being incorporated into broader content services or contract lifecycle management (CLM) platforms.
- Growth of video signing and video as an authentication method.
- Integration with enterprise applications via connectors and APIs.
- Development of eSigning software based on AI capabilities.
The IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.
Why Nitro is a Leader in eSignature Solutions
The IDC MarketScape report notes that businesses should make eSignature solutions part of a broader strategy for digitizing, automating and transforming document processes. A successful eSignature strategy and rollout is one that aligns with an organization’s overarching digital transformation initiatives.
The IDC MarketScape also reports identifies some must-haves for the best eSignature platform to meet business needs such as high security, enterprise use case support, integrations and authentication options.
In addition, the assessment provides in-depth insights and reviews on leading eSignature solutions, including:
- The latest eSignature trends, according to IDC analysts.
- A comprehensive, unbiased evaluation of Nitro.
- A detailed breakdown of why Nitro was named a Leader.
- Expert advice to choose the right eSignature solution for your business needs.
Nitro provides a lower total cost of ownership through a variety of plans designed to match specific business requirements. With unlimited user access, no overage fees and no extra charges for features and APIs, customers can deploy Nitro across their organization for maximum productivity and value.
Nitro has built its eSign platform offering a “full range of deployment choices, from on premises to private and public cloud setups.”
“We believe being recognized as a Leader in the IDC MarketScape: Worldwide eSignature Software 2023 Vendor Assessment is a testament to Nitro's unyielding commitment to innovation and delivering top-tier solutions. This acknowledgment further validates our dedication to providing powerful eSignature workflows, seamless UI experiences and cutting-edge technologies that redefine how businesses approach digital document management."
Filip Verreth, VP Product at Nitro
Upon acquiring Connective, a prominent player in the European eSignature market, Nitro gained a competitive edge by leveraging Connective’s specialized Identity Hub. This supports country-specific, best-of-breed identification and signing methods, including direct integrations with government, private, bank, telecom and other eID services.
Secure, flexible and compliant eSign software is a key enabler for businesses as they move to and through digital transformation. Nitro is committed to building the future of high-trust eSigning. We work hard to help organizations optimize their digital document processes by delivering best-in-class functionality for workflow automation, including PDF, eSigning, analytics, identity verification services and more.
Get your excerpt of the IDC MarketScape: Worldwide eSignature Software 2023 Vendor Assessment and see why Nitro was named an eSignature Leader.
If you’d like to learn more about Nitro Sign, talk to our product experts today.