Digital business card Market Projected to Hit USD 242.3 Billion at a 11.2% CAGR by 2030
The global digital business card market was valued at USD 242.3 million by 2027 with a CAGR of 11.2% during the forecast period, 2021–2027.The sales of digital business cards are growing steadily on a global scale. The market is primarily being driven by characteristics that allow for easy reading of information and low power usage. Market Research Future (MRFR) estimates that the developing global digital business card market will reach USD 242.3 MN by 2027, expanding at a projected 11.2% CAGR (2021–2027).Besides, the convenience of sharing business cards through text (SMS), email, QR codes, and major social media platforms influences market shares. Increasing advancements in technologies and the proliferation of digitization boost the market value. The market is expected to witness high demand on account of the growing number of applications. Digital cards offer more benefits compared to traditional paper business cards.
They
are paperless, thus, contribute to various environmental initiatives. Security
is another notable feature of these cards that allows one to choose who can
access and redistribute it. Various shows and conferences where industry
professionals and buyers worldwide use smart event tools/ applications that can
scan badges of delegates to gather information to prioritize contactless health
and safety protocols at the venue.
Request a sample of this research report @ https://www.marketresearchfuture.com/sample_request/10696
Industry Trends
Digitized
business cards are trending in the marketing and advertising world. Digital or
virtual business cards help promote a paperless environment, with great
availability and accessibility on the go. These cards can be shared through any
communication app like WhatsApp with a single click, allowing the convenience
of having them at the fingertips. Thus, digital business cards help improve
customer experience and brand image.
Resultantly,
many organizations have adopted this technology to enable their employees to
have their business cards on the go. Most enterprises rely on digital solutions
for convenience and growth and use digital tools to improve office policies and
customer experiences. These digital cards are rapidly replacing traditional
business cards with their immense benefits.
Segments
The
market is segmented into types, platforms, applications, pricing, and regions.
The type segment is sub-segmented into individual, business, and enterprise
users. Among these, the enterprise user segment accounts for the largest share
and is expected to retain its dominance throughout the assessment period. The
platform segment is sub-segmented into iOS, Android, and Windows. Of these,
Android is the major segment within the market and is expected to retain its
dominance throughout the assessment period.
Browse Full Report: https://www.marketresearchfuture.com/reports/digital-business-card-market-10696
The
application segment is sub-segmented into business owners, sales entrepreneurs,
marketing agencies, events & travels, software & IT, education &
training, finance & realtors, health & beauty, consultants, and others.
Of these, business owners, marketing agencies, sales entrepreneurs, and
consultants are major contributors to market growth.
The
pricing segment is sub-segmented into monthly and yearly. Among these, the
yearly pricing segment accounts for the largest market share owing to the heavy
discount on annual subscriptions available with this plan. Most businesses and
enterprises opt for yearly subscriptions. On the flip side, the individual
segment is growing rapidly. The region segment is bifurcated into the Americas,
Asia Pacific, Europe, and rest-of-the-world. North America dominates the global
digital business card market.
Regional Analysis
North
America dominates the global digital business card market. The major market
growth is attributed to technical advancements and increasing demand for
digital advancements in this region. North
Americans are more environmentally conscious, which alongside the importance of
sustainability among companies and enterprises, drives the market growth.
Besides, the rapid shift towards the digital business card to exchange
information more digitally boosts the market demand.
The
Asia Pacific region witnesses increasing adoption of digital business card
technology. Factors such as rapid digitalization among businesses and the shift
towards online and social media in this region boost the demand for digital
business cards. More businesses are shifting towards digital marketing and
advertising tools, and the uptake of digital technology in increasing numbers
of enterprises substantiates the region's market share.
Japan,
South Korea, China, Australia, and India are major markets in the region. Also,
key Southeast Asian countries such as Singapore and Malaysia have emerged as
profitable markets. Moreover, small and medium-sized organizations offer major
opportunities to the APAC digital business card market.
Check Discount: https://www.marketresearchfuture.com/check-discount/10696
Competitive Analysis
The
digital business card market appears competitive due to numerous
well-established players with a global presence. Innovations, mergers &
acquisitions, collaboration, and expansion remain the key trends for the
leading players. The market would witness intensified competition with
increased R&D innovations and M&A. Digital business card start-ups look
for co-investors to boost the funding required for business expansion.
Some
market players incorporate new business strategies, such as establishing
development centers in several developing countries to encourage business
growth. Witnessing the increasing trend of digitalization and virtualization
across industries, digital business card providers strive to expand their
footprints on the global platform.
For
instance, on May 17, 2022, Blinq, a Melbourne-based digital business card
developer, announced that it has raised about US$3.5 million from Blackbird and
Square Peg Capital to expand its business further. Blinq plans to use these
funds to build out its growth, develop more unique products, add more
enterprise features, and onboard more directories to its platform.
Players
leading the global digital business card market include HiHello, Inc. (US),
Haystack (Australia), Inigo (US), L-Card (US), Switchit (US), Adobe (US),
Techno Infonet (India), ME (US), SnapDat (US), CamCard (US), Mobilo (US), COM
(Quancore Group - India), Knowee (Spain), Lulu Systems, Inc. (US), and
Vistinkard (India), among others.
Related Reports:
https://www.pearltrees.com/jaymrfr/item491525833
https://jayprakashmrfr.blogspot.com/2022/12/managed-security-services-market-is.html
About Market Research Future:
At
Market Research Future (MRFR), we
enable our customers to unravel the complexity of various industries through
our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
MRFR
team have supreme objective to provide the optimum quality market research and
intelligence services to our clients. Our market research studies by products,
services, technologies, applications, end users, and market players for global,
regional, and country level market segments, enable our clients to see more,
know more, and do more, which help to answer all their most important
questions.
Contact:
Market
Research Future (Part of Wantstats Research and Media Private Limited)
99
Hudson Street, 5Th Floor
New
York, NY 10013
United
States of America
+1
628 258 0071 (US)
+44
2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Comments
Post a Comment