Press release
Major Market Shift in Business Card Software Industry: Embracing Digital Solutions In The Business Card Software Market
Business Card Software Market Growth
The market size for business card software has accelerated its growth speed in the past few years. Projections show it will increase from a worth of $1.23 billion in 2024 and reach the $1.38 billion mark by 2025, with a compound annual growth rate (CAGR) of 12.6%. The historical growth can be credited to factors like the heightened usage of smartphones, the surge in startups and small businesses, the multiplication of business conferences, more stringent data protection regulations, and the uptake of cloud-based solutions.
In the coming years, the market size for business card software is predicted to experience rapid expansion. It is projected to reach a value of $2.19 billion in 2029, with a compound annual growth rate (CAGR) of 12.3%. The anticipated growth during the forecasted period can be credited to ongoing remote work trends, enhanced security protocols, exploration of emerging markets, sophisticated analytics features, and the smooth interconnectivity with other business applications. Predominant trends for the forecast period encompass escalating adoption of cloud-based businesses, the inclusion of artificial intelligence, burgeoning demand for mobile-compatible businesses, the application of AR technology, and liaison with digital wallets.
What Is Contributing to the Growth of the Business Card Software Market?
The growth of the business card software market is anticipated to accelerate due to the increasing usage of mobile devices. These portable and lightweight gadgets like tablets are highly convenient, facilitating easy and comfortable carriage. Their growing functionality and portability are fueling the expansion of their usage. Business card software is an area that is increasingly making use of mobile devices for designing, networking, and sharing while on the move, catering to today's professionals' requirement for mobility and convenience. For instance, the Department of Telecommunications, a regulatory agency based in Vietnam under the Ministry of Information and Communications, reported in April 2022 that in 2021, Vietnam saw 91.3 million smartphone subscribers. By the end of March 2022, this number had escalated by over 2 million, culminating in a total of 93.5 million subscribers, or 73.5% of the country's adult population. Consequently, the expanding use of mobile devices is propelling the growth of the business card software market.
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Which Businesses Are at the Forefront of Business Card Software Market Development?
Major companies operating in the business card software market are Microsoft Corporation Inc., Adobe Inc., NCH Software Inc., CardWorks Inc., Canva Pty Ltd., Tailor Brands Ltd., Softonic International, Popl Co Company, DRPU Software Pvt. Ltd., PenPower Inc., Mobilo Inc., Labeljoy Inc., Mojosoft Ltd., CAM Development Ltd., Blinq Technologies Pty Ltd., SmartsysSoft, Switchit LLC, Xara GmbH, Summitsoft Corporation, BeLight Software Ltd., HiHello Inc., know.ee, I.R.I.S. Group, CardByte AI Pvt Ltd., BitSignal Ltd
What Are the Latest Innovations in the Business Card Software Market?
Key players in the business card software market are broadening their offerings with technological innovations like digital business card apps. These apps, designed to serve as a digital replacement for conventional paper business cards, offer professionals a digital channel to create, house, and distribute their contact details. For example, Manbrosys LLC, an American software development firm, in October 2022, unveiled 'NobHub'. This application enables a smooth exchange of information among professionals, eschewing the need for traditional paper business cards by proposing more efficient digital solutions. It is used to gather and classify contacts, ensure information is current, and monitor individuals more proficiently.
How Is the Business Card Software Market Segmented?
The business card software market covered in this report is segmented -
1) By Type: On-Premise, Cloud-Based
2) By Features: Media Content, Video Integration, Location Map, Analytics, Integration With Customer Relationship Management (CRM), Quick-response (QR) Code Mixed, Multiple Languages
3) By Platform: Android Devices, iPhone Operating System (iOS) Devices, Windows
4) By Application: Business Owners, Sales Entrepreneurs, Marketing Agencies, Consultants, Events And Travels, Education And Training, Health And Beauty
Subsegments:
On-premise: Self-Hosted Business Card Management Software, Desktop Business Card Scanning And Ocr Software, Local Business Card Storage Solutions, On-Site Integration With Crm Systems
Cloud-Based: Cloud-Based Business Card Scanning Solutions, Saas (Software As A Service) For Business Card Management, Cloud Synchronization And Backup Services, Cloud Integration With Crm And Contact Management Platforms
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Where Is the Business Card Software Market Growth Most Prominent?
North America was the largest region in the business card software market in 2024. The regions covered in the business card software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Business Card Software Global Market Report?
- Market Size Analysis: Analyze the Business Card Software Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Business Card Software Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Business Card Software Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Business Card Software Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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