Business Card Scanning Software Global Market Report 2024

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 expansion observed during the historical period can be attributed to the rising adoption of smartphones, the increasing demand for efficient contact management solutions, the emergence of digital networking platforms, globalization, and the expansion of business networks, as well as the growing requirement for enhanced 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 anticipated growth in the forecast period can be attributed to the escalating demand for cloud-based solutions, a heightened focus on data privacy, the expansion of e-commerce and online business platforms, the proliferation of subscription-based business models, and the transition towards contactless interactions. Key trends expected in this period include increased integration, AI-powered recognition capabilities, enhanced security measures, a surge in mobile app development for business card scanning, and improved data analytics capabilities.

The anticipated rise in smartphone penetration is set to drive the expansion of the business card scanning software market in the foreseeable future. Smartphones, handheld electronic devices combining mobile phone functionality with computer-like features, have seen increased adoption due to factors such as the growing availability and affordability of high-speed internet connectivity, rising demand for affordable smartphones, and the proliferation of e-commerce. Business card scanning software for smartphones facilitates streamlined contact management by swiftly digitizing and organizing business card details, thereby improving networking efficiency and lead generation for professionals and businesses. For example, in April 2022, as reported by the Department of Telecommunications under the Ministry of Information and Communications, smartphone subscribers in Vietnam rose from 91.3 million in 2021 to 93.5 million in 2022, reaching 73.5% of the nation's adult population. Thus, the surge in smartphone penetration fuels the growth of the business card scanning software market.

The increasing trend of digitalization is expected to further propel the expansion of the business card scanning software market. Digitalization involves utilizing digital technologies to convert processes, activities, or assets into digital formats. Its rise is driven by its ability to streamline operations, enhance efficiency, improve accessibility, and unlock new avenues for innovation and growth across various sectors. Business card scanning software harnesses digitalization to convert physical business cards into digital counterparts, simplifying storage, sorting, and access to contact information. This advancement enhances business networking, communication, and relationship management by making the process more efficient. For instance, in May 2023, according to a report by the European Investment Bank, approximately 42% of European companies increased their investment in digitalization in 2022, marking a 9% point rise compared to 2021. Hence, the escalating trend of digitalization drives the growth of the business card scanning software market.

Leading companies in the business card scanning software market are prioritizing the development of AI-driven digital business card platforms to gain a competitive advantage. An AI-powered digital business card platform utilizes artificial intelligence algorithms to facilitate the creation, management, and exchange of digital business cards. For example, in November 2021, Popl Co., a US-based smart contact management platform, unveiled the 'Popl App.' This latest iteration introduces a range of new features, expanding customization, optimization, and functionality to deliver an enhanced user experience. The Popl digital business card platform seamlessly integrates an AI-based business card scanner, enabling instant conversion of paper business cards into digital connections.

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.

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 countries covered in the business card scanning software market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Business card scanning software is a digital tool or application designed to capture, store, and manage contact information from physical business cards electronically. This software streamlines the process of capturing and organizing contact details from physical business cards, allowing users to digitize and manage their contacts efficiently for enhanced networking and relationship management.

The primary types of business card scanning software include cloud-based, web-based, and others. Cloud computing, commonly known as cloud-based systems, involves the delivery of hosted services over the Internet. These software solutions are compatible with various platforms such as Android, the iPhone operating system (iOS), and Windows, catering to diverse applications including large enterprises, small and medium enterprises, and others.

The business card scanning software market research report is one of a series of new reports that provides business card scanning software market statistics, including business card scanning software industry global market size, regional shares, competitors with a business card scanning software market share, detailed business card scanning software market segments, market trends and opportunities, and any further data you may need to thrive in the business card scanning software industry. This business card scanning software market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The business card scanning software market includes revenues earned by entities by providing services such as image processing, data management, customization, and training and support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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