What is Digital Business Card?
The digital business cards are replacing the market of Business cards. In this technology aspects, business contacts are instantly transferred to the user’s smartphone with the help of the android application, which allows the user to browse all contacts and store or retrieve contacts from the cloud. This also states as a customer-to-customer cards managing platform. The latest technology used in digital business cards is augmented reality and near field communications. The increasing trend of exchanging cards and forget about it. But with changing time people realize that a strong business relationship is built with meeting in-person and staying – in touch. As for coming major trends like building business communities and offline networking gaining. Digital Business cards help to engage people professionally and efficiently. In developed countries, nearly 68% of small and medium businesses believe that digital presence helps them in customer acquisition, which shows the future is digital and this includes business cards as well. North America is overflow with entrepreneurs, who know the importance of connection. Additionally, In North America, the app’s accuracy rate is very high this parameter drives this market. As the government is taking many initiatives in moving to go green, by adopting digitally, it also saves the cost of printing.
The Market is currently pegged at USD141.0 Million.
|High Growth Market
|Value (USD Million)
|Key Companies Profiled
|Switchit (United States), Adobe (United States), Techno Infonet (India), Haystack (Australia), Inigo (United States), L-Card (United States), About.me (United States), SnapDat (United States), CamCard (United States), Knowee (Spain) and Linkcard (United States)
The study covers a detailed analysis segmented by key business segments i.e. by type (Individual User, Business User and Enterprise Users (100+ Users)) , by application (Business Owners, Sales Entrepreneurs, Marketing Agencies, Consultants, Events and Travels, Education & Training and Health and Beauty) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital Business Card market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Digital Business Card market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Switchit (United States), Adobe (United States), Techno Infonet (India), Haystack (Australia), Inigo (United States), L-Card (United States), About.me (United States), SnapDat (United States), CamCard (United States), Knowee (Spain) and Linkcard (United States).
In July 2020 Adobe IBM and Red Hat Declared strategic parternership to to assist to boost the and digital transformation and strenghten real time data security for enterprice with the focus on regulatory industries.
The digital business card market is fragmented by key vendors who are focusing on production technologies, improving efficiency and shelf life. Growth opportunities can be captured by tracking the ongoing process improvement and financial flexibility to invest in optimal strategies.
High Adoption from Enterprises with Analytic Feature, Low Labour Cost and Qualitative Printing
Market Growth Drivers:
Growing Number of Social Media Web Pages, Increasing Number of Government Initiatives towards Digitization and Rising Focus on the Mobile Experience, Prioritizing the Apple IOS and Android Apps
Less Memorable Compare to Business Cards
It Requires Internet Connection to Share or Receives
Growing Number of Companies and Sales Entrepreneurs in Emerging Economies and Growing Concern towards Go Green
Key highlights of the Global Digital Business Card market Study:
CAGR of the market during the forecast period 2022-2028
In-depth information on growth factors that will accelerate the Digital Business Card market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global Digital Business Card market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Digital Business Card Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Digital Business Card market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Digital Business Card market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Digital Business Cards Service Providers, Government Regulatory and Research Organizations and End-Use Industries.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.