IDC Release: Contract Lock Electronic Signature Local Deployment Market Share Ranking First

The IDC report on the market share of electronic signature solutions in China in 2021 states:; The electronic signature scheme of the contract lock combined with the integrated seal control scheme of software and hardware meets the electronic signature and seal control management needs of large government and enterprises. In 2021, it ranked first with a market share of 36.6%; According to IDC research and analysis, with the widespread use of electronic signatures, electronic signatures corresponding to physical seals are becoming increasingly frequent in enterprises, especially in medium and large enterprises, where the need for unified management of the use, authorization, and changes of a large number of electronic seals is highlighted. The contract lock has rich experience in implementing for medium and large clients, serving over 30000 medium and large organizational clients. Its product solutions cover 75 segmented industries and are integrated with over 500 management software applications. It has over 1000 unique signing scenarios. We can provide electronic signatures and integrated seal control solutions that meet the business needs of various industry organizations such as government agencies, universities, hospitals, real estate, engineering, automotive, banking, insurance, food, e-commerce, logistics, etc. at any time. Simultaneously, through functions such as processes, permissions, and record keeping, the production, modification, use, authorization, deactivation, and destruction of electronic seals are managed throughout their lifecycle, helping to implement seal management systems for medium and large organizations.

It can also provide dynamic automatic notification of seals and real-time risk warning services. If there are any issues; Overlapping management permissions; 、 “ Seal Permission Change; 、 “ Unauthorized use of seals for personal use; Automatically mark risks and notify responsible personnel via SMS, providing comprehensive assistance to users in self inspection, prevention, and handling of seal issues, and helping medium and large organizations create a safe, compliant, convenient, and efficient digital seal environment. In the digital construction of medium and large organizations, the demand for electronic signatures is closely centered around business operations, and the integration of electronic signatures with management software has become a common requirement. The contract lock digital trusted product has experience in integrating and connecting with management software vendors, covering software types such as ERP, OA, specialized business systems, mobile APP applications, low code platforms, BPM processes, and mini programs. Through integration, organizations can invoke contract locks within their existing management systems; Identity authentication, electronic signature, electronic seal, data storage certificate, etc; Functional applications enable businesses to achieve electronic signatures. The demand for electronic signatures in the market is huge. Since 2019, more than 20 national agencies including the State Council, as well as functional departments in multiple provinces and cities across the country, have promoted the application of electronic signatures and contracts in nearly 500 publications. In just a few years, more than 1000 transactions such as housing sales, logistics and warehousing, government services, personnel procurement, bidding, etc. can be processed online through electronic signatures. With strong support from national policies, electronic signatures have become a rigid requirement for organizations. IDC predicts that by 2026, the market size of electronic signature software in China will reach approximately 240 million US dollars, with an overall compound annual growth rate of 26.4% over the next five years. Contract Lock is committed to providing legally binding electronic signature services for medium to large organizations and government agencies. We can provide a set around the electronic signing needs of the organization; Digital identity, electronic signature, seal control, and data authentication; Integrated solution. Product coverage; Identity authentication and verification, electronic contract signing platform, privatized electronic signature system, open integration platform, portable UKey electronic signature, lightweight network signature tool, mobile signature, seal control platform, full link data storage, etc; Multiple types. Focus on helping various industry organizations resolve the process of digital transformation; Difficulty in identifying user identities, ensuring the effectiveness of signatures, and managing seal and data security; Provide electronic signature support for various business documents such as labor contracts, procurement contracts, bidding documents, sales contracts, official documents, freight bills, transcripts, statements of account, acceptance forms, hospital prescriptions, bank guarantees and confirmation letters, insurance policies, etc., in order to bridge the last mile of digitalization throughout the entire business process, making the digitalization process trustworthy, effective, secure, verifiable, and traceable. In the digital age, electronic signatures, seal control, digital identity, and data storage will soon become standard equipment for every organization.

Contract locks always emphasize professionalism, efficiency, and seizing opportunities with good products and services. As a simple and focused enterprise, Contract Lock hopes to continue serving numerous medium and large clients such as government, energy, and large state-owned enterprises in the future, making it more convenient for more organizations to sign and stamp, and making digitalization trustworthy!