Global Digital Business Card Market is projected to grow at a CAGR of 10.01% during the forecast period 2024-2032 : MRFR

Market Research Future (MRFR) has published on the “Digital Business Card Market”

that contains the information from 2023 to 2032

The Digital Business Card Market is predicted to reach USD 389.3 billion by 2032, registering a 10.01% CAGR during the forecast period, 2024–2032. In this report, Market Research Future (MRFR) includes the segmentation and dynamics of the market to offer a better glimpse of the market in the next few years. Small and medium-sized businesses (SMEs) are essential to most economies, particularly emerging nations. SMEs make up the majority of enterprises worldwide and are important for creating jobs and advancing the global economy. They account for more than 50% of all jobs globally and roughly 90% of all enterprises. Additionally, the number of SMEs is also geometrically increasing due to increased government efforts and assistance, such as loans, grants, and programs. Additionally, the number of startups is increasing yearly, which may present a significant growth opportunity for companies that offer digital business cards. The price and accessibility of digital business cards explain this.

In October 2022, Digitally printed or produced through physical connections, such as NFC-qualified stickers, Scard invented a digital business card. It is a start-up with roots in Singapore that enables users to share their cards with contacts through a URL or QR code. Additionally, it functions as a virtual card that connects people and lets them share and converse on the chosen channel. Key players functioning in the market are more focused on enchasing the opportunities of the market. During the forecasted period, major investments with mergers and acquisitions are likely to increase the market's growth as well.

Segmental Analysis

The scope of the global Digital Business Card market has been segmented based on type, pricing, platform and application.

Based on type, the global Digital Business Card market is segmented into individual, business, and enterprise users. The enterprise users segment is expected to exhibit the fastest CAGR during the projected period.

Based on platform, the global Digital Business Card market is segmented into iOS, Android, and the web. The android segment will experience the highest CAGR.

Based on pricing, the global Digital Business Card market is segmented into monthly, yearly, and one-time. Yearly is expected to exhibit the fastest CAGR during the projected period.

Based on application, the global Digital Business Card market is segmented into Business owners, sales entrepreneurs, marketing agencies, events and travels, software & it, education and training, finance & realtors, health & beauty, consultants, and others. Business owners is expected to exhibit the fastest CAGR during the projected period.

Regional Analysis

Geographically, the global Digital Business Card market has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

North America accounted for the largest share of revenue in 2022. . The sale of digital business card market is likely to surge rapidly in the coming years due to growing business and trade activities in the region. Business officials carry business cards and offer them to their professional connections when they meet; building up a strong company profile through business cards has, thus, become a trend. Branding is a vital part of successful business operations. Business cards enable professionals to increase brand recognition

During the forecast period, the Europe region is expected to exhibit the fastest CAGR. The region also hosts a large number of tech conferences for startups. These events provide them with effective platforms to learn, exchange ideas, and build partnerships with several businesses. Most of the business personnel attending tech conferences carry digital business cards as it is the easiest way to trade business and contact information. Using a digital business card proves to be an ideal option as the in-built scanner makes adding people easier in the contact list.

Key Players

The key players in the global Digital Business Card market are HiHello, Inc. (US), Haystack (Australia), Inigo (US), L-Card (US), Switchit (US), Adobe (US), Techno Infonet (India), About.me (US), SnapDat (US), CamCard (US), Mobilo (US), DziCard.com (Quancore Group) (India), Knowee (Spain), Lulu Systems, Inc. (US), and Vistinkard (India) and and other.