Global Digital Business Card Market Size To Exceed USD 467.49 Million By 2033
According to a research report published by Spherical Insights & Consulting, the Global Digital Business Card Market Size is Expected to Grow from USD 158.19 Million in 2023 to USD 467.49 Million by 2033, at a CAGR of 11.44% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Digital Business Card Market Size, Share, and COVID-19 Impact Analysis, By Industry Vertical (IT and Telecommunication, Marketing Agencies, BFSI, and Sales Entrepreneurs), By Platform (Android, iOS, and Windows), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Virtual versions of conventional business cards are used in the digital business card market. These digital cards are easily shared via social media, email, and smartphones and include professional information such as name, job title, contact information, and links to online profiles. Digital business cards make it easier to communicate and save contact information by doing away with the need for physical exchanges and manual data entry. They can be shared via social media, messaging applications, and email. Technological innovations such as the use of QR codes make it easier to share contact details, augmented reality (AR) lets users create interactive and eye-catching digital business cards, and cloud-based storage lets users update data to ensure the most up-to-date and accurate information. Additionally, the need for an internet connection in order to send or receive digital business cards presents a major obstacle to the market's expansion. Adoption is hampered by the requirement for an internet connection in order to send or receive digital business cards, especially in places with spotty or nonexistent internet service. However, concerns about data security and privacy surface when internet connections are used since digital contact information exchange necessitates confidence in the platform's data handling procedures and security safeguards.
The IT and telecommunication segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on industry vertical, the global digital business card market is categorized as IT and telecommunication, marketing agencies, BFSI, and sales entrepreneurs. Among these, the IT and telecommunication segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. There is a strong need for digital solutions in the IT and telecom sectors, which are at the forefront of technical breakthroughs. Adoption has increased as a result of the industry's rising emphasis on professional networking and digital transformation.
The android segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe.
Based on the platform, the global digital business card market is categorized as android, IOS, and windows. Among these, the android segment held the highest share in 2023 and is anticipated to grow at a significant CAGR during the projected timeframe. The open-source nature of android inspires developers to produce and experiment. As a result, a plethora of digital business card applications have been created to accommodate different user requirements and preferences.
North America is projected to hold the largest share of the global digital business card market over the forecast period.
North America is projected to hold the largest share of the global digital business card market over the forecast period. Canada had the fastest-growing digital business card market, while the United States had the biggest market share. Digital business cards are perfect for individuals and companies with global operations since they are simple to distribute with contacts throughout the world. Digital business cards are mobile-friendly and fit nicely with the region's mobile-centric communication practices because smartphones and other mobile devices are widely used there.
Europe is expected to grow at the fastest CAGR growth of the global digital business card market during the forecast period. In the European region, the UK market grew at the highest rate, while Germany held the largest market share. Numerous tech conferences for start-ups are held in the area, offering beneficial venues for education, idea exchange, and establishing partnerships with other businesses, which has accelerated the uptake of digital business cards.
Competitive Analysis
Major vendors in the global digital business card market are Blinq Technologies Pty Ltd., Haystack, HiHello Inc., Itzme, Mobilo, Popl, Spreadly GmbH, Tapt, Uniqode Phygital Inc. (Beaconstac), and Virtual Business Card, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Developments
- In October 2022, Adobe developed digital solutions for small and medium-sized enterprises in partnership with Mastercard, Meta, and Etsy. Access to Adobe Document Cloud and Adobe Creative Cloud will be made available to small and medium-sized businesses.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global digital business card market based on the below-mentioned segments:
Global Digital Business Card Market, By Industry Vertical
- IT and Telecommunication
- Marketing Agencies
- BFSI
- Sales Entrepreneurs
Global Digital Business Card Market, By Platform
Global Digital Business Card Market, By Regional
- North America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa