Business Card Scanning Software Market REPORT OVERVIEW
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The global business card scanning software market size was USD 1590.7 million in 2021 and market is projected to touch USD 9822.3 million by 2031, exhibiting a compound annual growth rate (CAGR) of 19.8% during the forecast period.
A business card scanner app is a piece of software that allows you to scan business cards and save personal and contact details on your smartphone. It allows you save more time while also improving data quality. These programs can also recognize and retrieve data from business cards or badges. Business Card scanning software is used to handle the design of business cards across an entire organization. This software may also gather contact details from business cards obtained at trade shows and sales meetings.
Business cards are fantastic. They not only convey crucial information, but they also project a look and feel by their design, paper type, color, thickness, texture, and so on. They do not, however, blend in with our modern environment. They cannot be shared via LinkedIn, text message, or Skype, and you must store them, type the info into your contacts, and then search and discover it when needed. It solves all of these problems by generating physical business cards in the digital realm while maintaining the same design and offering all of the required functionality. A business card appears precisely like a paper card, but all of the information it contains is instantly accessible with a single tap or click.
COVID-19 Impact: The COVID-19 Underlying Condition Upsurged the Market Growth
The COVID-19 virus has spread to a number of countries since December 2019. Network security has always been a dynamic field. We couldn't expect anything less with such a big shift to remote labour imposed by Covid-19. This seismic shift is being driven not only by technological requirements, but also by a shift in our cultural perception of data privacy. In addition to the work from home arena has positively affected the business card scanning software market share.
LATEST TRENDS
"The Ease in Accessibility of the Card to Attract the Market Share"
Many services also allow users to enter their own business card and digitally share it with others. Many suppliers offer assistance for scanning business cards in multiple languages, allowing it to be utilized globally. Most business card scanning apps are cloud-based, which means they can be accessed from any location with a strong internet connection. With the click of a mouse, you may send a digital card to an unlimited number of recipients. Your recipients can also share your card with their connections, who can view it by clicking on the link. However, the language merit and the cloud-based facility will enhance the business card scanning software market growth.
Business Card Scanning Software Market SEGMENTATION
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- By Type
Based on type the business card scanning software market is classified as cloud-based, web-based and others.
Cloud-based is the leading part of the type segment.
- By Application
Based on application the business card scanning software market is classified as large enterprises, small and medium enterprise and others.
Large enterprises are the leading part of the application segment.
DRIVING FACTORS
"The Time Saving Factor and the Portability to Boost Up the Market Growth"
The popularity of business card scanning programs has grown over the years due to their potential to save individuals and organizations time, particularly when it comes to networking. Despite the fact that most businesses are becoming digital and communicating through social media in today's world, business cards are still widely used. In comparison to manual data collection, an efficient program that reads business cards can collect more data in less time. They are also often simple to operate. Purchasing business card scanning software demonstrates your interest in saving time for your company and expanding your prospective network in a more structured and effective way.
"The Growing Utilization of Smartphones to Witnesss Surplus Growth in Market"
Companies utilize business card scanning software to scan business cards using the camera on a smartphone. The information from the card is then automatically stored in your phone by the application. This is accomplished using optical character recognition (OCR) technology. These apps also assist the end-user in managing and tracking the cards, which are then converted into digital contacts saved in a virtual address book. Hence the increasing utilization of smartphones is characterized as the driving factor of the business card scanning software market growth.
RESTRAINING FACTORS
"The Sluggish or Non-Acceptance of the Product to Restrain the Market"
As any email user knows, often people check only the emails that are necessary to view, leaving the majority of the worthless ones unread. A digital card has a high likelihood of getting dumped into a collection of irrelevant unread emails. Digital business cards are cool and have excellent capabilities, but the business world may not be willing to give up the good old paper business card just yet. However, the sluggish or non-acceptance can act as a restraining factor of the business card scanning software market share.
Business Card Scanning Software Market REGIONAL INSIGHTS
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"The North American region to Lead the Market with Presence of Major Security Vendor"
North America is estimated to have the greatest market share in 2022. Early adoption of business card scanning softwares, as well as the presence of significant network security vendors from across the world, fuel market the region's expansion. Organizations in the industrialized world are increasingly employing business card scanning softwares to make the business information ease of access and precise.
KEY INDUSTRY PLAYERS
"Prominent Manufacturers to Contribute Towards Expansion of Market"
The report is extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players, and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.
List of Market Players Profiled
- Sansan (Japan)
- Intsig (China)
- Knowee (Spain)
- CircleBack (U.S.A)
- HubSpot (U.K)
- ABBYY (U.S.A)
- Covve (U.S.A)
- GotKard Technologies (U.K)
- OrangeTreeApps (U.S.A)
- MagneticOne Mobile (U.S.A)
- Fuzzyatom Labs (U.S.A).
REPORT COVERAGE
The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 1590.7 Million in 2021 |
Market Size Value By |
US$ 9822.3 Million by 2031 |
Growth Rate |
CAGR of 19.8% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the business card scanning software market expected to touch by 2031?
The global business card scanning software market is expected to reach USD 9822.3 million by 2031.
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What CAGR is the business card scanning software market expected to exhibit by 2031?
The business card scanning software market is expected to exhibit a CAGR of 19.8% by 2031.
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Which are the driving factors of the business card scanning software market?
The time saving factor, portability and the growing use of the smartphones are the driving factors of the business card scanning software market.
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Which are the top companies operating in the business card scanning software market?
Sansan, Intsig, Knowee, CircleBack, HubSpot, ABBYY, Covve, Visione, GotKard Technologies, OrangeTreeApps, MagneticOne Mobile, Digital Business Card, Blucup, Redmonk Tech Solutions, IRIS S.A, Folocard, Business Card Scanning Softwar and others.