Digital Business Card Market is estimated to hit US$ 500 million by 2033, Fact.MR

As per the latest market analysis conducted by Fact.MR, a prominent provider of market research and competitive intelligence, the global digital business card market is poised to achieve a valuation of US$ 500 million by 2033, experiencing rapid expansion at a notable Compound Annual Growth Rate (CAGR) of 9.5% from 2023 to 2033.

Referred to as electronic or virtual business cards, digital business cards offer an online method for sharing contact information. They can be easily created on various devices such as Android, iPad, iPhone, or computer, often proving to be more cost-effective than traditional paper versions. Similar to conventional business cards, digital counterparts can be produced, edited, and shared with anyone, with the added advantage of unlimited space for information customization.

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Digital Business Card Market Overview:
Base Year: 2022
Historic Period: 2017-2021
Forecast Period: 2023-2033
Growth Momentum & CAGR: Accelerating at a CAGR of 9.5%
Market Growth (2023-2033): US$ 500 Million
Market Structure: Fragmented
Regional Analysis: North America, Europe, APAC, South America, Middle East, and Africa
Key Countries: US, Canada, UK, France, Germany

Key Companies Profiled:
Adobe
Haystack
Techno Infonet
Inigo
SnapDat
L-Card
HiHello
Dibiz
OrangeTreeApps
Switchit
Mobilo Card
CamCard

The digital business card, besides conveying essential contact details, allows users to enhance their cards with photos, videos, logos, and social media profiles, among other elements. This information can be presented in various languages based on user preferences. Digital business cards can be shared through multiple channels, including email, text (SMS), Facebook Messenger, Telegram, QR code, Twitter, WhatsApp, LinkedIn, and Facebook.

Browse Full Report: https://www.factmr.com/report/digital-business-card-market

Key Takeaways from the Market Study:
The global digital business card market is valued at US$ 200 million in 2023.
Anticipated demand for digital business cards is expected to surge at a CAGR of 9.5% during the forecast period (2023 to 2033).
The market is projected to reach US$ 500 million by 2033.
North America is predicted to lead the global digital business card market over the next decade.

"Demand for digital business cards is set to soar due to their numerous advantages, including convenience, affordability, environmental friendliness, contactless functionality, and customization options," notes a Fact.MR analyst.

One significant advantage of digital business cards is their ability to facilitate interactive features, such as instant contact saving, quick access to web pages, and QR codes that can track card views or navigate users to specific locations on a map.

Competitive Landscape:
The global market is witnessing increased competitiveness with a growing number of participants. Key players in the electronic business card market are engaging in collaborations, mergers and acquisitions, product/technology releases, and expansion. Notably, leading players are making substantial investments to expedite the development of innovative digital business cards.

Recent News:
In October 2022, Adobe entered into partnerships with Meta, Mastercard, and Etsy to develop digital solutions for small and medium-sized businesses, providing them access to Adobe's document cloud and creative cloud.

Digital business cards, with their adaptability, enable users to update details, addresses, contacts, and other changes, notifying everyone who possesses the card. This capability aids in maintaining communication with established partners and addresses various challenges associated with traditional business cards, while also reducing the costs related to paper printing.

Major factors propelling the global market expansion include the increasing number of smartphone users, the growing emphasis on sustainability, and the rise of government digitization initiatives.

Regional Analysis: North America currently dominates the global digital business card market, with the United States being a key market due to the presence of major industry players. The Asia Pacific region, particularly India, South Korea, and Japan, is significantly contributing to market growth, driven by rapid digitization initiatives. Additionally, Europe is experiencing substantial market expansion, particularly in the United Kingdom and Germany, where there is a rising demand for advanced digital solutions.

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Key Segments of Digital Business Card Industry Research:
By User Type: Individual Users, Business Users, Others
By Platform: Android, iOS, Windows
By End User: IT and Telecommunications, Marketing Agencies, BFSI, Sales Entrepreneurs, Others
By Region: North America, Latin America, Europe, Asia Pacific & China, Middle East & Africa

More Valuable Insights on Offer:
Fact.MR new offering provides an unbiased analysis of the global digital business card market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033). The study delves into essential insights based on user type, platform, end user, and regional analysis across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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This release was published on openPR.