Digital Business Card Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 181.53 Million |
| Market Size (2029) | USD 289.48 Million |
| CAGR (2024 - 2029) | 9.78 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Digital Business Card Market Analysis
The Digital Business Card Market size is estimated at USD 181.53 million in 2024, and is expected to reach USD 289.48 million by 2029, at a CAGR of 9.78% during the forecast period (2024-2029).
- Technological advancements, evolving consumer preferences, and a growing demand for efficient networking solutions are propelling the digital business card market's robust expansion.
- Evidence of this growth is evident in the rising adoption of digital business cards by both individuals and enterprises, largely due to the constraints of traditional physical cards. For instance, the conventional calling card measures a mere 3.5 inches by 2.0 inches, limiting the space for essential information.
- In contrast, digital business cards, leveraging digital storage, offer users the flexibility to include extensive details. It's anticipated that digital business cards will eventually overshadow their printed counterparts. Key drivers of this transition include: Convenience (45%), Sustainability (20%), Security (15%), Personalization (10%), and Cost-effectiveness (10%) (source: QR TIGER PTE. LTD.).
- With nearly 93% of organizations worldwide embracing digital-first strategies, the momentum is undeniable. Digital business cards facilitate swift sharing of contact details through smartphones, QR codes, and social media, aligning perfectly with today's fast-paced networking demands.
- Technologies like NFC (Near Field Communication) and augmented reality (AR) are amplifying the capabilities of digital business cards, rendering them more interactive and user-centric. Furthermore, a rising trend in personalization enables users to craft cards that resonate with their branding and professional persona.
- Yet, the electronic storage and transmission of personal contact details on digital business cards bring forth concerns about potential data breaches and misuse. Such apprehensions might deter users from sharing their information, fearing unauthorized access or theft.
- The digital business card market has seen significant changes in the post-COVID-19 scenario, influenced by shifts in consumer behavior, technological advancements, and evolving business practices. The pandemic heightened awareness around hygiene and social distancing, leading to a surge in demand for contactless solutions. Also, the shift towards sustainability has made digital business cards appealing, as they eliminate the need for paper cards.
Digital Business Card Market Trends
Business user to Hold Significant Share
- Digital business cards serve as a powerful tool for connecting with peers and customers. Reports on QR code trends indicate a growing popularity for digital business cards, a trend expected to persist over the next decade. For example, QRCodeChimp allows users to generate a QR code for their digital business card, enabling effortless contact sharing when printed on traditional business cards.
- The surge in digital networking has propelled the rise of digital business cards, with most interactions now occurring through digital channels like email, messaging apps, and social media.
- Aura Print highlights that business cards boast a 12% conversion rate, outpacing the average website conversion rate of 2.35%. This underscores the pivotal role business cards play in driving sales and marketing success, and hints at significant growth potential for the digital business card market as more professionals make the switch.
- According to QR TIGER PTE. LTD, approximately 37% of small businesses and 23% of individuals leverage digital business card apps for brand promotion. Aesthetics and professionalism are paramount in business cards. Industry surveys reveal that 39% of individuals hesitate to engage with those possessing low-quality business cards. Conversely, 78% find colored calling cards significantly more memorable, with colored-background cards boasting a 1000% higher retention rate.
- Leading digital cards incorporate advanced security measures, including encryption and strict protocols, to safeguard user information. Many also achieve SOC 2 compliance, underscoring their commitment to high data management standards. Given these trends, the market for digital business cards is poised for growth in the coming years.
North America is Expected to Hold a Major Share of the Market
- North America's digital business card market is witnessing robust growth and evolution, spurred by several pivotal trends and factors. Notably, the United States and Canada rank among the top 10 countries globally in demand for digital business cards.
- Heightened focus on sustainability is driving the shift towards digital business cards, seen as a greener alternative to traditional paper cards, resonating with consumers' eco-conscious preferences.
- The proliferation of smartphones and mobile devices streamlines the sharing of digital business cards across diverse platforms, making this convenience a primary driver of adoption. Furthermore, the IT and telecommunications sectors, with their heightened need for sophisticated networking tools, are at the forefront of this digital card revolution.
- With a notable surge in small businesses across the region, demand for digital business cards is on the rise. According to the Office of Advocacy, the U.S. boasts 33.1 million small businesses. As digital business cards gain mainstream acceptance, it's becoming imperative for organizations and professionals to leverage them for enhanced networking.
- In the swift transition to digital networking, NFC-enabled digital business cards are emerging as a favored choice. These cards, equipped with NFC tags, allow users to share contact details with a mere tap. Given the rising adoption of cutting-edge technology and the boom in small and medium enterprises (SMEs), the market is poised for substantial growth.
Digital Business Card Industry Overview
The Digital Business Card Market is semi-consolidated and is expected to be fragmented in the future, primarily driven by the increasing number of major players. These key players employ strategies such as mergers, acquisitions, and product innovations to maintain a competitive edge and broaden their global footprint. Key player include HiHello, Inc., Mobilo Inc.,CamCard Inc., and others.
the digital business card market is poised for robust growth as it aligns with broader trends in digitization, sustainability, and enhanced networking capabilities. The ongoing evolution in technology will likely introduce new features that further enhance user experience and expand application scenarios across various industries.
Digital Business Card Market Leaders
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HiHello, Inc.
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Mobilo Inc.
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CamCard Inc.
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L-Card
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Blinq Technologies Pty Ltd.
*Disclaimer: Major Players sorted in no particular order
Digital Business Card Market News
- August 2024: Qorbis, a leader in cutting-edge financial technology announced the launch of the world's first Visa card with an embedded digital business card. This revolutionary product is the only bank card that seamlessly integrates contact information sharing, transforming the way users network and manage their connections.
- October 2024: Meta owned Instagram has added new “profile card” feature that is essentially a digital business card for the profile. The two-sided card provides a quick snapshot of the Instagram profile, including a scannable QR code, profile picture, and bio.
Digital Business Card Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Assessment of Impact of macroeconomic trends
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Environmental Concerns
5.1.2 Demand for Contactless Interaction
5.2 Market Restraints
5.2.1 Data Privacy and Security Concerns
6. MARKET SEGMENTATION
6.1 By Platform
6.1.1 Android
6.1.2 iOS
6.1.3 Windows
6.2 By User
6.2.1 Business User
6.2.2 Enterprise User
6.3 By Geography***
6.3.1 North America
6.3.2 Europe
6.3.3 Asia
6.3.4 Australia and New Zealand
6.3.5 Latin America
6.3.6 Middle East and Africa
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 HiHello, Inc.
7.1.2 Mobilo Inc.
7.1.3 CamCard Inc.
7.1.4 L-Card
7.1.5 Blinq Technologies Pty Ltd.
7.1.6 Dorway Ltd.
7.1.7 QRcodeChimp
7.1.8 Adobe Incorporation
7.1.9 Designhill.com
7.1.10 Popl Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Digital Business Card Industry Segmentation
A digital business card (also referred to as a QR code business card, virtual business card, electronic business card or mobile business card) is a profile that connects all the digital contact information.
The digital business card market is segmented by platform (android, iOS, windows), by user (business user, enterprise user), by geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Platform | |
| Android | |
| iOS | |
| Windows |
| By User | |
| Business User | |
| Enterprise User |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Latin America | |
| Middle East and Africa |
Digital Business Card Market Research FAQs
How big is the Digital Business Card Market?
The Digital Business Card Market size is expected to reach USD 181.53 million in 2024 and grow at a CAGR of 9.78% to reach USD 289.48 million by 2029.
What is the current Digital Business Card Market size?
In 2024, the Digital Business Card Market size is expected to reach USD 181.53 million.
Who are the key players in Digital Business Card Market?
HiHello, Inc., Mobilo Inc., CamCard Inc., L-Card and Blinq Technologies Pty Ltd. are the major companies operating in the Digital Business Card Market.
Which is the fastest growing region in Digital Business Card Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Digital Business Card Market?
In 2024, the North America accounts for the largest market share in Digital Business Card Market.
What years does this Digital Business Card Market cover, and what was the market size in 2023?
In 2023, the Digital Business Card Market size was estimated at USD 163.78 million. The report covers the Digital Business Card Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Digital Business Card Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Digital Business Card Industry Report
Statistics for the 2024 Digital Business Card market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Digital Business Card analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
