Digital Business Card Market Size is Estimated to Hit US$ 500 Mn by 2033
Introduction
A digital business card is also referred to as an electronic or virtual business card. It is a method of sharing contact information online. Digital business cards can be made on an Android, iPad, iPhone, or computer and are frequently less expensive than paper versions. Digital business cards, like traditional business cards, can be produced, altered, and shared with anybody. There are no space limits with digital cards. Users can put as little or as much information on the card as they want.
Key Takeaways from Market Study
- The global digital business card market is valued at US$ 200 million in 2023.
- Worldwide demand for digital business cards is forecasted to surge at a CAGR of 9.5% during the forecast period (2023 to 2033).
- The digital business card market is set to touch US$ 500 million by 2033.
- North America is projected to lead the global digital business card market over the next ten years.
One significant advantage of digital business cards over conventional business cards) is that they allow for the interaction of contacts and the incorporation of unique features and functions into a card. The finest example is instant contact saving (to a CRM system or phone book), quick access to web pages, or QR codes that, among other things, monitor who viewed business cards or take them to a map location.
Competitive Landscape
Digital business cards are adaptable since they allow users to update details, addresses, contacts, and other changes. Notify everyone who has it, potentially keeping in touch with established partners. Digital business cards solve various issues that can occur with traditional business cards while lowering the costs associated with printing all those sheets of paper. All these advantages boost the adoption of digital business cards.
Regional Analysis
North America is dominating the global digital business card market. The United States is a leading market in the region due to the presence of several major market players in the country. India, South Korea, and Japan are significantly supporting the Asia Pacific market due to rapid digitization in these countries. Moreover, the European market is experiencing considerable growth due to the increasing need for advanced digital solutions in the United Kingdom and Germany.
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