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Business Card Scanning Software Market Regional Analysis 2024
Business Card Scanning Software Market
Business Card Scanning Software Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $4.55 billion In 2028 At A CAGR Of 20.1% :
The business card scanning software market size has grown rapidly in recent years. It will grow from $1.83 billion in 2023 to $2.19 billion in 2024 at a compound annual growth rate (CAGR) of 19.8%. The growth in the historic period can be attributed to the increasing adoption of smartphones, the growing need for efficient contact management solutions, the rise of digital networking, globalization and expansion of business networks, and the demand for improved data accuracy.
The business card scanning software market size is expected to see exponential growth in the next few years. It will grow to $4.55 billion in 2028 at a compound annual growth rate (CAGR) of 20.1%. The growth in the forecast period can be attributed to rising demand for cloud-based solutions, increasing focus on data privacy, expansion of e-commerce and online business platforms, growth of subscription-based business models, shift towards contactless interactions. Major trends in the forecast period include increased integration, AI-powered recognition, enhanced security measures, surge in mobile app development for business card scanning, enhanced data analytics.
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Business Card Scanning Software Market Major Segments
The business card scanning software market covered in this report is segmented -
1) By Type: Cloud-Based, Web-Based, Other Types
2) By Platform: Android, iPhone Operating System (iOS), Windows
3) By Application: Large Enterprises, Small And Medium Enterprise, Other Applications
Key Driver - Smartphone Penetration Fueling Growth In Business Card Scanning Software Market
The increase in smartphone penetration is expected to propel the growth of the business card scanning software market going forward. A smartphone is a handheld electronic device that combines the functionality of a mobile phone with features similar to those of a computer. The smartphone penetration is due to the growing availability and affordability of high-speed internet connectivity, increasing demand for smartphones, affordable smartphones, and the growth of e-commerce. Smartphone business card scanning software streamlines contact management by quickly digitizing and organizing business card information, enhancing efficiency in networking and lead generation for professionals and businesses alike. For instance, in April 2022, according to the Department of Telecommunications under the Ministry of Information and Communications, a Vietnam-based regulatory agency, smartphone subscribers in Vietnam increased from 91.3 million in 2021 to 93.5 million subscribers in 2022, equivalent to 73.5% of the nation's adult population. Therefore, the increase in smartphone penetration is driving the growth of the business card scanning software market.
Increasing Digitalization Fueling Growth In The Business Card Scanning Software Market
The increasing digitalization is expected to propel the growth of the business card scanning software market going forward. Digitalization is using digital technologies to convert various processes, activities, or assets into a digital form. Digitalization is increasing due to its ability to streamline processes, enhance efficiency, improve accessibility, and create new opportunities for innovation and growth in various sectors. Business card scanning software leverages digitalization to transform physical business cards into digital versions, simplifying the storage, sorting, and access of contact details. This enhances business networking, communication, and relationship management by making the process more efficient. For instance, in May 2023, according to the report published by the European Investment Bank, a Luxembourg-based European Union's long-term finance institution, around 42% of European firms invested further in digitalization in 2022, a 9% point increase compared to 2021. Therefore, increasing digitalization is driving the growth of the business card scanning software market.
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Prominent Trend - Industry Leaders Embrace AI In The Business Card Scanning Market
Major companies operating in the business card scanning software market are focusing on developing AI-based digital business card platforms to gain a competitive edge in the market. An AI-based digital business card platform is a technological solution that leverages artificial intelligence (AI) algorithms to facilitate the creation, management, and exchange of digital business cards. For instance, in November 2021, Popl Co., a US-based smart contact management platform, announced the launch of the 'Popl App'. The latest Popl App introduces an impressive array of new features, expanding customization, optimization, and functionality to provide users with an enhanced experience. The Popl digital business card platform seamlessly integrates an AI-powered business card scanner, allowing instantaneous conversion of paper business cards into digital connections.
Business Card Scanning Software Market Players
Major companies operating in the business card scanning software market are Google LLC, Microsoft Corporation Inc., Adobe Inc., HubSpot Inc., Zoho Corporation, Iris S.A., ABBYY Solutions Ltd., Sansan Inc., The Neat Company, Softonic International, Popl Co Company, Ambir Technology Inc., Penpower Tech. Ltd., Intsig Information Co., Covve Visual Network Ltd., Haystack Team Inc., Linq App Inc., CardMunch, OrangeTreeApps LLC, Doorway, Shoeboxed Inc., HiHello Inc., Know.ee, Evernote Corporation
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Largest And Fastest Growing Region In The Market
North America was the largest region in the business card scanning software market in 2023. The regions covered in the business card scanning software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Business Card Scanning Software Market Report Structure
3. Business Card Scanning Software Market Trends And Strategies
4. Business Card Scanning Software Market - Macro Economic Scenario
5. Business Card Scanning Software Market Size And Growth
…..
27. Business Card Scanning Software Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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